Home Federal Bank in Sioux Falls, South Dakota (SD), MN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Home Federal Bank in Sioux Falls, South Dakota (SD), MN
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Home Federal Bank - Overview

  • General
  • FDIC Certificate #: 28092
    Status: Active
    Federal Reserve ID: 843177
    Date Established: January 01, 1929
    WWW: http://www.homefederal.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 34 (Domestic: 34, Interstate: Yes)
    OTS Docket #: 887
    FDIC's unique #: 40926
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 16, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Ave At 11th Street, Sioux Falls, SD 57104
    County: Minnehaha
    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): Sioux Falls, SD (#7760)
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,224.2 mil
    Equity capital: $118.3 mil
    Deposits held in domestic offices: $946.5 mil
    Return on assets (ROA): 0.27% ($3.3 mil)
    Quarterly return on assets: 0.55% ($6.7 mil)
    Return on Equity (ROE): 2.78% ($3.3 mil)
    Quarterly return on equity: 5.64% ($6.7 mil)
    Net income: $3.2 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 0.36% ($4,407.1 mil)
    Quarterly Pretax return on assets: 0.81% ($9,916.1 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
  • 321Total employees (full-time equivalent)
  • $1,224,205Total assets
  • $68,322Cash and due from depository institutions
  • $42,892Interest-bearing balances
  • $316,080Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $759,342Net loans & leases
  • $11,021Loan loss allowance
  • $0Trading account assets
  • $15,454Bank premises and fixed assets
  • $1,379Other real estate owned
  • $17,494Goodwill and other intangibles
  • $1,224,205Life insurance assets
  • $46,134All other assets
  • $1,105,890Total liabilities and capital
  • $946,488Total liabilities
  • $809,524Total deposits
  • $946,488Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $147,402Trading liabilities
  • $0Other borrowed funds
  • $12,000Subordinated debt
  • $118,315All other liabilities
  • $118,315Total equity capital
  • $118,315Total bank equity capital
  • $0Perpetual preferred stock
  • $15Common stock
  • $40,986Surplus
  • $77,314Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26,316Income earned, not collected on loans
  • $69Earning assets
  • $8,833Long-term assets (5+ years)
  • $1,118,314Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,206,037Volatile liabilities
  • $1,206,169Insider loans
  • $858,331FHLB advances
  • $1,215,816Loans and leases held for sale
  • $15,993Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $113,029Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $196,956Restructured Loans and leases
  • $4,771Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $51,204Total interest income
  • $13,551Total interest expense
  • $37,653Net interest income
  • $6,623Provision for loan and lease losses
  • $12,339Total noninterest income
  • $0Fiduciary activities
  • $3,220Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,119Additional noninterest income
  • $34,771Total noninterest expense
  • $21,176Salaries and employee benefits
  • $7,041Premises and equipment expense
  • $6,554Additional noninterest expense
  • $8,598Pre-tax net operating income
  • -$4,307Securities gains (losses)
  • $1,072Applicable income taxes
  • $3,219Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,219Net income attributable to bank
  • $0Net charge-offs
  • $3,219Cash dividends
  • $4,226Sale, conversion, retirement of capital stock, net
  • $1,750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.41%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.78%Return on equity (ROE)
  • 1.27%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 156.72%Credit loss provision to net charge-offs
  • 3.60%Efficiency ratio
  • 69,553Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.36%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 41.88%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 3.42%Net loans and leases to deposits
  • 80.23%Net loans and leases to core deposits
  • 87.02%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 9.30%Tier 1 risk-based capital ratio
  • 13.17%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,206,037Average earning assets
  • $115,931Average equity
  • $1,104,852Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $79,908Managed Assets
  • 1Number of Accounts
  • $51,669Personal trust and agency accounts
  • $12,958Employee benefit-defined contribution accounts
  • $814Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $10,195Corporate trust and agency accounts
  • $280Investment management agency accounts
  • $27,422Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 248Number of Accounts
  • $0Personal trust and agency accounts
  • $9,965Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $28,239Other retirement accounts
  • $5Corporate trust and agency accounts
  • $15,260Other fiduciary accounts
  • $3,255Fiduciary accounts held in foreign offices

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    142464121Marshall Branch900 East Main Street, Suite 101, Marshall, MN 56258June 20, 2007Full Service Brick and Mortar
    151521949Infinia Bank Branch3601 Minnesota Drive, Ste 170, Bloomington, MN 55435May 16, 2011Full Service Brick and Mortar
  • 32 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040926Home Federal BankMain Ave At 11th Street, Sioux Falls, SD 57104January 01, 1929Full Service Brick and Mortar
    22649814901 West 41st St Branch4901 W. 41st St., Sioux Falls, SD 57106January 01, 1929Full Service Brick and Mortar
    1002649823717 E 10th St Branch3717 E 10th St, Sioux Falls, SD 57103January 01, 1929Full Service Brick and Mortar
    1012649831305 E Cedar Branch1305 E Cedar, Brandon, SD 57005January 01, 1929Full Service Brick and Mortar
    10244309322 S Coteau St Branch322 S Coteau St, Pierre, SD 57501January 01, 1963Full Service Brick and Mortar
    10426498541st St & Garfield Branch2700 W. 41st St., Sioux Falls, SD 57105January 01, 1929Full Service Brick and Mortar
    1052649864th St & Poplar Branch4th St & Poplar, Freeman, SD 57029January 01, 1929Full Service Brick and Mortar
    106264987408 Old Hwy 77n Branch408 Hwy 77, Dell Rapids, SD 57022January 01, 1929Full Service Brick and Mortar
    10842424102 W 5th St Branch102 W 5th St, Canton, SD 57013January 01, 1887Full Service Brick and Mortar
    109275710Parker Branch27600 Sd Highway 19, Suite 102, Parker, SD 57053January 01, 1887Full Service Brick and Mortar
    110275709S Main St Branch209 South Main Street, Lennox, SD 57039January 01, 1887Full Service Brick and Mortar
    1152733111805 6th Ave Se Branch1805 6th Ave Se, Aberdeen, SD 57402October 01, 1934Full Service Brick and Mortar
    116264988Brookings Branch1024 Sixth Street, Brookings, SD 57006September 06, 1994Full Service Brick and Mortar
    117264989Sioux Falls Branch4800 South Cliff Avenue, Sioux Falls, SD 54103May 01, 1995Full Service Brick and Mortar
    118264990Highway 38 Branch202 West Highway 38, Hartford, SD 57033June 30, 1996Full Service Brick and Mortar
    1191104Colman Branch118 North Main Street, Colman, SD 57017May 18, 1901Full Service Brick and Mortar
    124340675Watertown Office Branch1320 9th Avenue Se, Watertown, SD 57201January 28, 2000Full Service Brick and Mortar
    125340775Sioux Falls - Marion Road Office Bra1900 South Marion Road, Sioux Falls, SD 57106April 11, 2000Full Service Brick and Mortar
    127356498210 North West Avenue210 North West Avenue, Crooks, SD 57020May 27, 1999Full Service Brick and Mortar
    128356499200 Tower Road Branch200 Tower Road, Suite 101, Dakota Dunes, SD 57049January 15, 1999Full Service Brick and Mortar
    1293565014914 North Cliff Avenue4914 North Cliff Avenue, Sioux Falls, SD 57104May 27, 1999Full Service Brick and Mortar
    131282076Mitchell Branch714 South Burr, Mitchell, SD 57301July 18, 1955Full Service Brick and Mortar
    132360102Mitchell -- Wal-Mart Branch1101 East Spruce, Mitchell, SD 57301March 14, 2001Full Service Brick and Mortar
    133360103Yankton -- Hy--vee Branch2100 Broadway, Yankton, SD 57078March 20, 2001Full Service Brick and Mortar
    135364385Hyvee Empire Branch4101 South Louise Avenue, Sioux Falls, SD 57106November 14, 2001Full Service Brick and Mortar
    137458781Harrisburg Branch220 S. Cliff Avenue, Suite 126, Harrisburg, SD 57032October 19, 2005Full Service Brick and Mortar
    1394587831601 S. Sycamore Ave Branch1601 S. Sycamore Ave., Suite 101, Sioux Falls, SD 57110November 14, 2001Full Service Brick and Mortar
    140458784Watertown Main25 19th Street Ne, Watertown, SD 57201April 22, 2002Full Service Brick and Mortar
    1414587853400 S. Sycamore Ave. Branch3400 S. Sycamore Ave., Sioux Falls, SD 57110Febuary 14, 2002Full Service Brick and Mortar
    1444641243020 East 10th Street Branch3020 East 10th Street, Suite 101, Sioux Falls, SD 57103June 20, 2007Full Service Brick and Mortar
    149518073Sioux Falls Mn Ave Off3000 South Minnesota Avenue, Sioux Falls, SD 57104March 20, 2007Full Service Brick and Mortar
    150518074Yankton Branch2408 North Broadway, Yankton, SD 57078December 11, 2006Full Service Brick and Mortar

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