Heartland State Bank in Redfield, South Dakota (SD)
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Heartland State Bank routing number info
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| Heartland State Bank | |
|---|---|
| General | FDIC Certificate #: 9007 Status: Active Federal Reserve ID: 135854 Bank Holding Company (Regulatory Top Holder): Wessington Bankshares, Inc. (RSSDID: 1123018, Location: Wessington, SD) Date Established: January 01, 1909 WWW: http://www.hsbsd.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 5753 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: April 02, 2007 Last Structure Change Process Date: April 17, 2007 Last Data Update: April 17, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 302 East 7th Avenue, Redfield, SD 57469 County: Spink 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 | Change in Location |
| Financial Summary | Total assets: $71.0 mil Equity capital: $6.7 mil Deposits held in domestic offices: $57.7 mil Return on assets (ROA): 2.19% ($1.6 mil) Quarterly return on assets: 2.29% ($1.6 mil) Return on Equity (ROE): 24.35% ($1.7 mil) Quarterly return on equity: 25.00% ($1.8 mil) Net income: $1.5 mil Quarterly Net income: $0.4 mil Pretax return on assets: 2.30% ($1,632.2 mil) Quarterly Pretax return on assets: 2.27% ($1,610.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 20 |
| Total assets | $70,964 |
| Cash and due from depository institutions | $1,964 |
| Interest-bearing balances | $187 |
| Securities | $6,396 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $58,940 |
| Loan loss allowance | $605 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,545 |
| Other real estate owned | $7 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,112 |
| Life insurance assets | $70,964 |
| Total liabilities and capital | $64,265 |
| Total liabilities | $57,748 |
| Total deposits | $45,946 |
| Interest-bearing deposits | $57,748 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 3000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,276 |
| Other borrowed funds | $0 |
| Subordinated debt | $241 |
| All other liabilities | $6,699 |
| Total equity capital | $6,699 |
| Total bank equity capital | $6,699 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $3,400 |
| Undivided profits | $3,199 |
| 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 | $33 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,381 |
| Average Assets, year-to-date | $65,523 |
| Average Assets, quarterly | $10,904 |
| Volatile liabilities | $68,134 |
| Insider loans | $71,728 |
| FHLB advances | $61,251 |
| Loans and leases held for sale | $71,969 |
| Unused loan commitments | $124 |
| Tier 1 (core) risk-based capital | $124 |
| Tier 2 risk-based capital | $6,536 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,159 |
| Derivatives | $581 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,227 |
| Total interest expense | $619 |
| Net interest income | $3,608 |
| Provision for loan and lease losses | $116 |
| Total noninterest income | $453 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $296 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $157 |
| Total noninterest expense | $2,376 |
| Salaries and employee benefits | $1,444 |
| Premises and equipment expense | $394 |
| Additional noninterest expense | $538 |
| Pre-tax net operating income | $1,569 |
| Securities gains (losses) | $1 |
| Applicable income taxes | $78 |
| Income before extraordinary items | $1,492 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,492 |
| Net charge-offs | $0 |
| Cash dividends | $1,492 |
| Sale, conversion, retirement of capital stock, net | $38 |
| Net operating income | $500 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.87% |
| Cost of funding earning assets | 1.01% |
| Net interest margin | 5.86% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 3.86% |
| Net operating income to assets | 2.19% |
| Return on assets (ROA) | 2.19% |
| Pretax return on assets | 2.30% |
| Return on equity (ROE) | 24.35% |
| Retained earnings to average equity (YTD only) | 16.19% |
| Net charge-offs to loans | 0.07% |
| Credit loss provision to net charge-offs | 305.26% |
| Efficiency ratio | 44.34% |
| Assets per employee | $58,508 |
| Cash dividends to net income (YTD only) | 3.55% |
| Condition Ratios (%) | |
| Loss allowance to loans | 33.51% |
| Loss allowance to noncurrent loans | 1.02% |
| Noncurrent assets plus other real estate owned to assets | 1833.33% |
| Noncurrent loans to loans | 0.06% |
| Net loans and leases to deposits | 0.06% |
| Net loans and leases to core deposits | 102.06% |
| Equity capital to assets | 109.57% |
| Core capital (leverage) ratio | 9.44% |
| Tier 1 risk-based capital ratio | 9.08% |
| Total risk-based capital ratio | 10.67% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $68,134 |
| Average equity | $6,128 |
| Average loans | $61,523 |
| 4 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5753 | Heartland State Bank | 302 East 7th Avenue, Redfield, SD 57469 | January 01, 1909 | Full Service Brick and Mortar |  |
| 1 | 219298 | Tulare Branch | 109 Main Street, Tulare, SD 57476 | August 13, 1979 | Full Service Brick and Mortar |  |
| 2 | 219299 | Highmore Branch | 112 Commercial Avenue, Highmore, SD 57345 | January 10, 1994 | Full Service Brick and Mortar | |
| 3 | 462466 | Wessington Branch | 165 Wessington Street S, Wessington, SD 57381 | April 02, 2007 | 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.