Great Plains Bank in Eureka, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Great Plains Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 22Total employees (full-time equivalent)
  • $93,700Total assets
  • $3,330Cash and due from depository institutions
  • $1,477Interest-bearing balances
  • $8,195Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,849Net loans & leases
  • $953Loan loss allowance
  • $0Trading account assets
  • $1,686Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $93,700Life insurance assets
  • $3,640All other assets
  • $85,107Total liabilities and capital
  • $81,213Total liabilities
  • $71,464Total deposits
  • $81,213Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $894Subordinated debt
  • $8,593All other liabilities
  • $8,593Total equity capital
  • $8,593Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $3,700Surplus
  • $4,768Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $627Income earned, not collected on loans
  • $0Earning assets
  • $1,900Long-term assets (5+ years)
  • $86,521Average Assets, year-to-date
  • $8,016Average Assets, quarterly
  • $94,468Volatile liabilities
  • $96,752Insider loans
  • $84,289FHLB advances
  • $96,751Loans and leases held for sale
  • $1,308Unused loan commitments
  • $1,308Tier 1 (core) risk-based capital
  • $8,593Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,402Restructured Loans and leases
  • $41Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,803Total interest income
  • $1,066Total interest expense
  • $3,737Net interest income
  • $50Provision for loan and lease losses
  • $280Total noninterest income
  • $0Fiduciary activities
  • $182Service charges on deposit accounts
  • $0Trading account gains & fees
  • $98Additional noninterest income
  • $1,966Total noninterest expense
  • $1,121Salaries and employee benefits
  • $260Premises and equipment expense
  • $585Additional noninterest expense
  • $2,001Pre-tax net operating income
  • $0Securities gains (losses)
  • $109Applicable income taxes
  • $1,892Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,892Net income attributable to bank
  • $0Net charge-offs
  • $1,892Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $1,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 2.00%Net operating income to assets
  • 2.00%Return on assets (ROA)
  • 2.12%Pretax return on assets
  • 23.17%Return on equity (ROE)
  • 9.70%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 185.19%Credit loss provision to net charge-offs
  • 75.96%Efficiency ratio
  • 48,942Assets per employee
  • 4.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.14%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 151.99%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 94.63%Net loans and leases to core deposits
  • 99.94%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 10.19%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $94,468Average earning assets
  • $8,167Average equity
  • $87,614Average loans

List of branches

  • 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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