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

This bank is inactive as of May 30, 2003

  • Great Western Bank in Rapid City, South Dakota (SD)
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Great Western Bank - Overview

  • General
  • FDIC Certificate #: 25259
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Great Western Bank (#15289)
    Federal Reserve ID: 482558
    Date Established: July 10, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 11472
    FDIC's unique #: 17464
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 10, 1984
    Last Structure Change Effective Date: May 30, 2003
    Last Structure Change Process Date: June 24, 2003
    Last Data Update: June 24, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 14 St. Joseph Street, Rapid City, SD 57701
    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)
  • Financial Summary
  • Total assets: $255.4 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, 2002)

  • Dollar figures in thousands
  • 102Total employees (full-time equivalent)
  • $248,338Total assets
  • $8,312Cash and due from depository institutions
  • $9Interest-bearing balances
  • $26,306Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $202,768Net loans & leases
  • $2,622Loan loss allowance
  • $0Trading account assets
  • $7,518Bank premises and fixed assets
  • $15Other real estate owned
  • $71Goodwill and other intangibles
  • $0Life insurance assets
  • $3,348All other assets
  • $248,338Total liabilities and capital
  • $227,380Total liabilities
  • $208,702Total deposits
  • $181,880Interest-bearing deposits
  • $208,702Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,546Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,120Other borrowed funds
  • $0Subordinated debt
  • $2,012All other liabilities
  • $20,958Total equity capital
  • $20,958Total bank equity capital
  • $20,958Perpetual preferred stock
  • $1,800Common stock
  • $180Surplus
  • $13,000Undivided profits
  • Memoranda
  • $5,978Noncurrent loans and leases
  • $32,196Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $566Earning assets
  • $0Long-term assets (5+ years)
  • $1,128Average Assets, year-to-date
  • $229,083Average Assets, quarterly
  • $38,322Volatile liabilities
  • $246,895Insider loans
  • $253,511FHLB advances
  • $53,077Loans and leases held for sale
  • $1,230Unused loan commitments
  • $9,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,922Total risk weighted assets
  • $32,196Total unused commitments
  • $0Restructured Loans and leases
  • $2,475Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $17,005Total interest income
  • $6,248Total interest expense
  • $10,757Net interest income
  • $1,640Provision for loan and lease losses
  • $3,380Total noninterest income
  • $199Fiduciary activities
  • $1,442Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,739Additional noninterest income
  • $7,313Total noninterest expense
  • $4,012Salaries and employee benefits
  • $1,258Premises and equipment expense
  • $2,043Additional noninterest expense
  • $5,184Pre-tax net operating income
  • $6Securities gains (losses)
  • $1,902Applicable income taxes
  • $3,288Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,288Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,119Sale, conversion, retirement of capital stock, net
  • $1,908Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.49%Yield on earning assets
  • 2.75%Cost of funding earning assets
  • 4.74%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 16.45%Return on equity (ROE)
  • 6.90%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 77.39%Credit loss provision to net charge-offs
  • 3.22%Efficiency ratio
  • 51,602Assets per employee
  • 2.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.03%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 463.25%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 97.16%Net loans and leases to core deposits
  • 123.14%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 10.35%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $246,895Average earning assets
  • $19,987Average equity
  • $226,934Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $431,056Managed Assets
  • 1Number of Accounts
  • $427,018Personal trust and agency accounts
  • $427,018Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 126Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,038Other retirement accounts
  • $4,033Corporate trust and agency accounts
  • $5Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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