First Western Federal Savings Bank in Rapid City, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Western Federal Savings Bank in Rapid City, South Dakota (SD)
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First Western Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31972
    Status: Active
    Federal Reserve ID: 715470
    Date Established: June 06, 1979
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 7674
    FDIC's unique #: 44806
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 06, 1979
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 Main Street, Rapid City, SD 57709
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $37.6 mil
    Equity capital: $6.0 mil
    Deposits held in domestic offices: $23.5 mil
    Return on assets (ROA): 3.69% ($1.4 mil)
    Quarterly return on assets: 3.34% ($1.3 mil)
    Return on Equity (ROE): 23.55% ($1.4 mil)
    Quarterly return on equity: 20.84% ($1.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 3.86% ($1,452.9 mil)
    Quarterly Pretax return on assets: 3.52% ($1,324.9 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, 2011)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $37,639Total assets
  • $1,018Cash and due from depository institutions
  • $953Interest-bearing balances
  • $2Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,199Net loans & leases
  • $360Loan loss allowance
  • $0Trading account assets
  • $275Bank premises and fixed assets
  • $440Other real estate owned
  • $0Goodwill and other intangibles
  • $37,640Life insurance assets
  • $705All other assets
  • $31,607Total liabilities and capital
  • $23,488Total liabilities
  • $20,891Total deposits
  • $23,488Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,045Trading liabilities
  • $0Other borrowed funds
  • $74Subordinated debt
  • $6,033All other liabilities
  • $6,033Total equity capital
  • $6,033Total bank equity capital
  • $0Perpetual preferred stock
  • $669Common stock
  • $0Surplus
  • $5,364Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,133Income earned, not collected on loans
  • $0Earning assets
  • $248Long-term assets (5+ years)
  • $36,154Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $36,902Volatile liabilities
  • $37,146Insider loans
  • $25,551FHLB advances
  • $37,639Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,033Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $951Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,719Total interest income
  • $247Total interest expense
  • $2,472Net interest income
  • $31Provision for loan and lease losses
  • $11Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11Additional noninterest income
  • $1,028Total noninterest expense
  • $641Salaries and employee benefits
  • $219Premises and equipment expense
  • $168Additional noninterest expense
  • $1,424Pre-tax net operating income
  • $0Securities gains (losses)
  • $62Applicable income taxes
  • $1,362Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,362Net income attributable to bank
  • $0Net charge-offs
  • $1,362Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $915Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.69%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 6.99%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 3.69%Net operating income to assets
  • 3.69%Return on assets (ROA)
  • 3.86%Pretax return on assets
  • 23.55%Return on equity (ROE)
  • 7.73%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 41,402Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.18%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 31.77%Noncurrent assets plus other real estate owned to assets
  • 4.18%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 149.86%Net loans and leases to core deposits
  • 149.86%Equity capital to assets
  • 16.03%Core capital (leverage) ratio
  • 16.03%Tier 1 risk-based capital ratio
  • 23.61%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $36,902Average earning assets
  • $5,784Average equity
  • $35,373Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044806First Western Federal Savings Bank402 Main Street, Rapid City, SD 57709June 06, 1979Full Service Brick and Mortar

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