Fulton State Bank in Fulton, South Dakota (SD)
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| Fulton State Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $53,830 |
| Cash and due from depository institutions | $3,791 |
| Interest-bearing balances | $600 |
| Securities | $23,810 |
| Federal funds sold & reverse repurchase agreements | $1,000 |
| Net loans & leases | $22,270 |
| Loan loss allowance | $449 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $974 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,985 |
| Life insurance assets | $53,830 |
| Total liabilities and capital | $47,821 |
| Total liabilities | $47,340 |
| Total deposits | $39,086 |
| Interest-bearing deposits | $47,340 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $40 |
| Other borrowed funds | $0 |
| Subordinated debt | $441 |
| All other liabilities | $6,009 |
| Total equity capital | $6,009 |
| Total bank equity capital | $6,009 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $2,000 |
| Undivided profits | $3,959 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $37 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $512 |
| Average Assets, year-to-date | $47,680 |
| Average Assets, quarterly | $24,582 |
| Volatile liabilities | $52,128 |
| Insider loans | $53,623 |
| FHLB advances | $32,460 |
| Loans and leases held for sale | $54,494 |
| Unused loan commitments | $1,072 |
| Tier 1 (core) risk-based capital | $658 |
| Tier 2 risk-based capital | $5,789 |
| Total risk weighted assets | $0 |
| Total unused commitments | $414 |
| Restructured Loans and leases | $4,887 |
| Derivatives | $511 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,179 |
| Total interest expense | $455 |
| Net interest income | $1,724 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $171 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $92 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $79 |
| Total noninterest expense | $1,358 |
| Salaries and employee benefits | $765 |
| Premises and equipment expense | $169 |
| Additional noninterest expense | $424 |
| Pre-tax net operating income | $537 |
| Securities gains (losses) | $124 |
| Applicable income taxes | $163 |
| Income before extraordinary items | $498 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $498 |
| Net charge-offs | $0 |
| Cash dividends | $498 |
| Sale, conversion, retirement of capital stock, net | $76 |
| Net operating income | $125 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.70% |
| Cost of funding earning assets | 0.98% |
| Net interest margin | 3.72% |
| Noninterest income to earning assets | 0.37% |
| Noninterest expense to earning assets | 2.93% |
| Net operating income to assets | 0.78% |
| Return on assets (ROA) | 0.96% |
| Pretax return on assets | 1.27% |
| Return on equity (ROE) | 8.66% |
| Retained earnings to average equity (YTD only) | 6.49% |
| Net charge-offs to loans | 0.33% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 7.07% |
| Assets per employee | $71,662 |
| Cash dividends to net income (YTD only) | 4.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 25.10% |
| Loss allowance to noncurrent loans | 1.98% |
| Noncurrent assets plus other real estate owned to assets | 1213.51% |
| Noncurrent loans to loans | 0.07% |
| Net loans and leases to deposits | 0.16% |
| Net loans and leases to core deposits | 47.04% |
| Equity capital to assets | 49.64% |
| Core capital (leverage) ratio | 11.16% |
| Tier 1 risk-based capital ratio | 10.62% |
| Total risk-based capital ratio | 17.83% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $52,128 |
| Average equity | $5,748 |
| Average loans | $46,337 |
| 2 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4093 | Fulton State Bank | 221 North Main Avenue, Fulton, SD 57340 | August 25, 1924 | Full Service Brick and Mortar |  |
| 1 | 208663 | Mitchell Branch | 115 E Havens St, Mitchell, SD 57301 | April 04, 1994 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.