Fulton State Bank in Fulton, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Fulton State Bank - Overview

  • General
  • FDIC Certificate #: 6065
    Status: Active
    Federal Reserve ID: 467957
    Date Established: August 25, 1924
    WWW: http://www.fultonstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 4093
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 221 North Main Avenue, Fulton, SD 57340
    County: Hanson
    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
    Core Based Statistical Area (CBSA): Mitchell, SD (#33580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $53.8 mil
    Equity capital: $6.0 mil
    Deposits held in domestic offices: $47.3 mil
    Return on assets (ROA): 0.96% ($0.5 mil)
    Quarterly return on assets: 0.66% ($0.4 mil)
    Return on Equity (ROE): 8.66% ($0.5 mil)
    Quarterly return on equity: 5.83% ($0.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.27% ($683.6 mil)
    Quarterly Pretax return on assets: 0.88% ($473.7 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
  • 13Total employees (full-time equivalent)
  • $53,830Total assets
  • $3,791Cash and due from depository institutions
  • $600Interest-bearing balances
  • $23,810Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $22,270Net loans & leases
  • $449Loan loss allowance
  • $0Trading account assets
  • $974Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $53,830Life insurance assets
  • $1,985All other assets
  • $47,821Total liabilities and capital
  • $47,340Total liabilities
  • $39,086Total deposits
  • $47,340Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40Trading liabilities
  • $0Other borrowed funds
  • $441Subordinated debt
  • $6,009All other liabilities
  • $6,009Total equity capital
  • $6,009Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,000Surplus
  • $3,959Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37Income earned, not collected on loans
  • $0Earning assets
  • $512Long-term assets (5+ years)
  • $47,680Average Assets, year-to-date
  • $24,582Average Assets, quarterly
  • $52,128Volatile liabilities
  • $53,623Insider loans
  • $32,460FHLB advances
  • $54,494Loans and leases held for sale
  • $1,072Unused loan commitments
  • $658Tier 1 (core) risk-based capital
  • $5,789Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $414Total unused commitments
  • $4,887Restructured Loans and leases
  • $511Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,179Total interest income
  • $455Total interest expense
  • $1,724Net interest income
  • $0Provision for loan and lease losses
  • $171Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $79Additional noninterest income
  • $1,358Total noninterest expense
  • $765Salaries and employee benefits
  • $169Premises and equipment expense
  • $424Additional noninterest expense
  • $537Pre-tax net operating income
  • $124Securities gains (losses)
  • $163Applicable income taxes
  • $498Income before extraordinary items
  • $0Extraordinary gains - net
  • $498Net income attributable to bank
  • $0Net charge-offs
  • $498Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $125Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 8.66%Return on equity (ROE)
  • 6.49%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 7.07%Efficiency ratio
  • 71,662Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.10%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 1213.51%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 47.04%Net loans and leases to core deposits
  • 49.64%Equity capital to assets
  • 11.16%Core capital (leverage) ratio
  • 10.62%Tier 1 risk-based capital ratio
  • 17.83%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $52,128Average earning assets
  • $5,748Average equity
  • $46,337Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04093Fulton State Bank221 North Main Avenue, Fulton, SD 57340August 25, 1924Full Service Brick and Mortar
    1208663Mitchell Branch115 E Havens St, Mitchell, SD 57301April 04, 1994Full Service Brick and Mortar

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