FDIC Certificate #: 34202 Status: Inactive Federal Reserve ID: 2484145 Date Established: June 14, 1996 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 56860 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: June 14, 1996 Last Structure Change Effective Date: June 27, 2003 Last Structure Change Process Date: August 04, 2003 Last Data Update: August 04, 2003 Data Source Date: April 05, 2012
Location
Address: 1400 Turbine Drive, 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)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $6.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
0Total employees (full-time equivalent)
$9,025Total assets
$1,074Cash and due from depository institutions
$10Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,951All other assets
$9,025Total liabilities and capital
$6,424Total liabilities
$4,600Total deposits
$4,600Interest-bearing deposits
$4,600Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,824All other liabilities
$2,601Total equity capital
$2,601Total bank equity capital
$2,601Perpetual preferred stock
$0Common stock
$2,500Surplus
$0Undivided profits
Memoranda
$101Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$5Average Assets, year-to-date
$10Average Assets, quarterly
$0Volatile liabilities
$19,994Insider loans
$12,424FHLB advances
$4,600Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$706Total interest income
$511Total interest expense
$195Net interest income
$428Provision for loan and lease losses
$32,191Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$32,191Additional noninterest income
$22,610Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$22,610Additional noninterest expense
$9,348Pre-tax net operating income
$0Securities gains (losses)
$3,387Applicable income taxes
$5,961Income before extraordinary items
$0Extraordinary gains - net
$5,961Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$645Sale, conversion, retirement of capital stock, net
$30,700Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.66%Yield on earning assets
4.09%Cost of funding earning assets
1.56%Net interest margin
257.89%Noninterest income to earning assets
181.14%Noninterest expense to earning assets
29.81%Net operating income to assets
29.81%Return on assets (ROA)
46.75%Pretax return on assets
53.51%Return on equity (ROE)
-222.06%Retained earnings to average equity (YTD only)
4.99%Net charge-offs to loans
66.36%Credit loss provision to net charge-offs
15.16%Efficiency ratio
69,814Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
515.01%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
28.82%Core capital (leverage) ratio
20.68%Tier 1 risk-based capital ratio
31.85%Total risk-based capital ratio
Memoranda
$32Average assets
$19,994Average earning assets
$11,141Average equity
$12,482Average loans
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