Great Plains Bank in Eureka, South Dakota (SD)



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Great Plains Bank
GeneralFDIC Certificate #: 505
Status: Active
Federal Reserve ID: 589158
Bank Holding Company (Regulatory Top Holder): Great Plains Bank Corporation (RSSDID: 1125898, Location: Eureka, SD)
Date Established: October 23, 1920
WWW: http://www.greatplainsbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 365
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 702 7th Street, Eureka, SD 57437
County: Mcpherson
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $93.7 mil
Equity capital: $8.6 mil
Deposits held in domestic offices: $81.2 mil
Return on assets (ROA): 2.00% ($1.9 mil)
Quarterly return on assets: 1.20% ($1.1 mil)
Return on Equity (ROE): 23.17% ($2.1 mil)
Quarterly return on equity: 13.73% ($1.2 mil)
Net income: $1.9 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 2.12% ($1,986.4 mil)
Quarterly Pretax return on assets: 1.32% ($1,236.8 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)
Total employees (full-time equivalent)22
Total assets$93,700
Cash and due from depository institutions$3,330
Interest-bearing balances$1,477
Securities$8,195
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$76,849
Loan loss allowance $953
Trading account assets$0
Bank premises and fixed assets$1,686
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,640
Life insurance assets$93,700
Total liabilities and capital$85,107
Total liabilities$81,213
Total deposits$71,464
Interest-bearing deposits$81,213
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,000
Other borrowed funds $0
Subordinated debt $894
All other liabilities $8,593
Total equity capital$8,593
Total bank equity capital$8,593
Perpetual preferred stock$0
Common stock$125
Surplus$3,700
Undivided profits $4,768
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 $627
Earning assets $0
Long-term assets (5+ years) $1,900
Average Assets, year-to-date $86,521
Average Assets, quarterly $8,016
Volatile liabilities $94,468
Insider loans $96,752
FHLB advances $84,289
Loans and leases held for sale $96,751
Unused loan commitments $1,308
Tier 1 (core) risk-based capital $1,308
Tier 2 risk-based capital $8,593
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,402
Derivatives$41
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,803
Total interest expense $1,066
Net interest income $3,737
Provision for loan and lease losses $50
Total noninterest income $280
Fiduciary activities $0
Service charges on deposit accounts $182
Trading account gains & fees $0
Additional noninterest income $98
Total noninterest expense $1,966
Salaries and employee benefits $1,121
Premises and equipment expense $260
Additional noninterest expense $585
Pre-tax net operating income $2,001
Securities gains (losses) $0
Applicable income taxes $109
Income before extraordinary items $1,892
Extraordinary gains - net $0
Net income attributable to bank $1,892
Net charge-offs $0
Cash dividends $1,892
Sale, conversion, retirement of capital stock, net $27
Net operating income $1,100
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.48%
Cost of funding earning assets 1.22%
Net interest margin 4.27%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 2.24%
Net operating income to assets 2.00%
Return on assets (ROA) 2.00%
Pretax return on assets 2.12%
Return on equity (ROE) 23.17%
Retained earnings to average equity (YTD only) 9.70%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 185.19%
Efficiency ratio75.96%
Assets per employee$48,942
Cash dividends to net income (YTD only)4.26%
Condition Ratios (%)
Loss allowance to loans 58.14%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 151.99%
Noncurrent loans to loans 0.67%
Net loans and leases to deposits0.81%
Net loans and leases to core deposits 94.63%
Equity capital to assets 99.94%
Core capital (leverage) ratio 9.17%
Tier 1 risk-based capital ratio 8.88%
Total risk-based capital ratio 10.19%
Memoranda
Average assets$11
Average earning assets$94,468
Average equity $8,167
Average loans $87,614
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3 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0365Great Plains Bank702 7th Street, Eureka, SD 57437October 23, 1920Full Service Brick and Mortar
12587Eden Branch402 Broadway, Eden, SD 57232October 30, 1919Full Service Brick and Mortar
2456137Aberdeen Branch3915 6th Avenue Se, Aberdeen, SD 57401October 10, 2006Full Service Brick and Mortar
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