First Western Bank in Wall, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 26, 2009

  • First Western Bank in Wall, South Dakota (SD)
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First Western Bank - Overview

  • General
  • FDIC Certificate #: 488
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Interstate Bank (#1105)
    Federal Reserve ID: 353751
    Date Established: January 01, 1908
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Interstate: No)
    OTS Docket #: 14730
    FDIC's unique #: 353
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 26, 2009
    Last Structure Change Process Date: October 09, 2009
    Last Data Update: October 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 418 Main Street, Wall, SD 57790
    County: Pennington
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Rapid City, SD (#6660)
    Core Based Statistical Area (CBSA): Rapid City, SD (#39660)
    CBSA Metro Statistical Area: Rapid City, SD (#39660)
  • Financial Summary
  • Total assets: $572.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2008)

  • Dollar figures in thousands
  • 103Total employees (full-time equivalent)
  • $570,135Total assets
  • $12,384Cash and due from depository institutions
  • $143Interest-bearing balances
  • $39,296Securities
  • $35,000Federal funds sold & reverse repurchase agreements
  • $359,056Net loans & leases
  • $9,892Loan loss allowance
  • $0Trading account assets
  • $23,524Bank premises and fixed assets
  • $0Other real estate owned
  • $91,534Goodwill and other intangibles
  • $0Life insurance assets
  • $9,341All other assets
  • $570,135Total liabilities and capital
  • $432,241Total liabilities
  • $418,093Total deposits
  • $344,958Interest-bearing deposits
  • $418,093Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,994Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,222Other borrowed funds
  • $0Subordinated debt
  • $5,932All other liabilities
  • $137,894Total equity capital
  • $137,894Total bank equity capital
  • $137,894Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $136,555Undivided profits
  • Memoranda
  • $1,339Noncurrent loans and leases
  • $53,187Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $19,906Earning assets
  • $0Long-term assets (5+ years)
  • $4,207Average Assets, year-to-date
  • $433,495Average Assets, quarterly
  • $20,554Volatile liabilities
  • $560,238Insider loans
  • $569,260FHLB advances
  • $92,696Loans and leases held for sale
  • $0Unused loan commitments
  • $1,700Tier 1 (core) risk-based capital
  • $1,806Tier 2 risk-based capital
  • $738Total risk weighted assets
  • $53,187Total unused commitments
  • $0Restructured Loans and leases
  • $5,355Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $29,391Total interest income
  • $10,904Total interest expense
  • $18,487Net interest income
  • $3,515Provision for loan and lease losses
  • $4,773Total noninterest income
  • $0Fiduciary activities
  • $1,373Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,400Additional noninterest income
  • $14,682Total noninterest expense
  • $6,112Salaries and employee benefits
  • $1,629Premises and equipment expense
  • $6,941Additional noninterest expense
  • $5,063Pre-tax net operating income
  • $6Securities gains (losses)
  • $1,528Applicable income taxes
  • $3,541Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,541Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,021Sale, conversion, retirement of capital stock, net
  • $2,500Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 4.19%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 2.97%Return on equity (ROE)
  • 0.87%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 173.92%Credit loss provision to net charge-offs
  • 4.24%Efficiency ratio
  • 57,309Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.60%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 49.69%Noncurrent assets plus other real estate owned to assets
  • 3.49%Noncurrent loans to loans
  • 5.40%Net loans and leases to deposits
  • 85.88%Net loans and leases to core deposits
  • 108.25%Equity capital to assets
  • 24.19%Core capital (leverage) ratio
  • 9.65%Tier 1 risk-based capital ratio
  • 10.87%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $560,238Average earning assets
  • $119,166Average equity
  • $440,941Average loans

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