Home Federal Bank in Sioux Falls, South Dakota (SD), MN
Table of contents:
| Home Federal Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 321 |
| Total assets | $1,224,205 |
| Cash and due from depository institutions | $68,322 |
| Interest-bearing balances | $42,892 |
| Securities | $316,080 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $759,342 |
| Loan loss allowance | $11,021 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,454 |
| Other real estate owned | $1,379 |
| Goodwill and other intangibles | $17,494 |
| All other assets | $46,134 |
| Life insurance assets | $1,224,205 |
| Total liabilities and capital | $1,105,890 |
| Total liabilities | $946,488 |
| Total deposits | $809,524 |
| Interest-bearing deposits | $946,488 |
| Deposits held in domestic offices | $75 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $147,402 |
| Other borrowed funds | $0 |
| Subordinated debt | $12,000 |
| All other liabilities | $118,315 |
| Total equity capital | $118,315 |
| Total bank equity capital | $118,315 |
| Perpetual preferred stock | $0 |
| Common stock | $15 |
| Surplus | $40,986 |
| Undivided profits | $77,314 |
| 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 | $26,316 |
| Earning assets | $69 |
| Long-term assets (5+ years) | $8,833 |
| Average Assets, year-to-date | $1,118,314 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $1,206,037 |
| Insider loans | $1,206,169 |
| FHLB advances | $858,331 |
| Loans and leases held for sale | $1,215,816 |
| Unused loan commitments | $15,993 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $113,029 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $196,956 |
| Derivatives | $4,771 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $51,204 |
| Total interest expense | $13,551 |
| Net interest income | $37,653 |
| Provision for loan and lease losses | $6,623 |
| Total noninterest income | $12,339 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $3,220 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $9,119 |
| Total noninterest expense | $34,771 |
| Salaries and employee benefits | $21,176 |
| Premises and equipment expense | $7,041 |
| Additional noninterest expense | $6,554 |
| Pre-tax net operating income | $8,598 |
| Securities gains (losses) | -$4,307 |
| Applicable income taxes | $1,072 |
| Income before extraordinary items | $3,219 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,219 |
| Net charge-offs | $0 |
| Cash dividends | $3,219 |
| Sale, conversion, retirement of capital stock, net | $4,226 |
| Net operating income | $1,750 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.63% |
| Cost of funding earning assets | 1.23% |
| Net interest margin | 3.41% |
| Noninterest income to earning assets | 1.12% |
| Noninterest expense to earning assets | 3.15% |
| Net operating income to assets | 0.53% |
| Return on assets (ROA) | 0.27% |
| Pretax return on assets | 0.36% |
| Return on equity (ROE) | 2.78% |
| Retained earnings to average equity (YTD only) | 1.27% |
| Net charge-offs to loans | 0.51% |
| Credit loss provision to net charge-offs | 156.72% |
| Efficiency ratio | 3.60% |
| Assets per employee | $69,553 |
| Cash dividends to net income (YTD only) | 3.81% |
| Condition Ratios (%) | |
| Loss allowance to loans | 54.36% |
| Loss allowance to noncurrent loans | 1.43% |
| Noncurrent assets plus other real estate owned to assets | 41.88% |
| Noncurrent loans to loans | 2.26% |
| Net loans and leases to deposits | 3.42% |
| Net loans and leases to core deposits | 80.23% |
| Equity capital to assets | 87.02% |
| Core capital (leverage) ratio | 9.66% |
| Tier 1 risk-based capital ratio | 9.30% |
| Total risk-based capital ratio | 13.17% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $1,206,037 |
| Average equity | $115,931 |
| Average loans | $1,104,852 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $79,908 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $51,669 |
| Employee benefit-defined contribution accounts | $12,958 |
| Employee benefit-defined benefit accounts | $814 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $10,195 |
| Investment management agency accounts | $280 |
| Other fiduciary accounts | $27,422 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 248 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $9,965 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $28,239 |
| Corporate trust and agency accounts | $5 |
| Other fiduciary accounts | $15,260 |
| Fiduciary accounts held in foreign offices | $3,255 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 142 | 464121 | Marshall Branch | 900 East Main Street, Suite 101, Marshall, MN 56258 | June 20, 2007 | Full Service Brick and Mortar |  |
| 151 | 521949 | Infinia Bank Branch | 3601 Minnesota Drive, Ste 170, Bloomington, MN 55435 | May 16, 2011 | Full Service Brick and Mortar | |
| 32 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 40926 | Home Federal Bank | Main Ave At 11th Street, Sioux Falls, SD 57104 | January 01, 1929 | Full Service Brick and Mortar |  |
| 2 | 264981 | 4901 West 41st St Branch | 4901 W. 41st St., Sioux Falls, SD 57106 | January 01, 1929 | Full Service Brick and Mortar | |
| 100 | 264982 | 3717 E 10th St Branch | 3717 E 10th St, Sioux Falls, SD 57103 | January 01, 1929 | Full Service Brick and Mortar | |
| 101 | 264983 | 1305 E Cedar Branch | 1305 E Cedar, Brandon, SD 57005 | January 01, 1929 | Full Service Brick and Mortar | |
| 102 | 44309 | 322 S Coteau St Branch | 322 S Coteau St, Pierre, SD 57501 | January 01, 1963 | Full Service Brick and Mortar | |
| 104 | 264985 | 41st St & Garfield Branch | 2700 W. 41st St., Sioux Falls, SD 57105 | January 01, 1929 | Full Service Brick and Mortar | |
| 105 | 264986 | 4th St & Poplar Branch | 4th St & Poplar, Freeman, SD 57029 | January 01, 1929 | Full Service Brick and Mortar | |
| 106 | 264987 | 408 Old Hwy 77n Branch | 408 Hwy 77, Dell Rapids, SD 57022 | January 01, 1929 | Full Service Brick and Mortar | |
| 108 | 42424 | 102 W 5th St Branch | 102 W 5th St, Canton, SD 57013 | January 01, 1887 | Full Service Brick and Mortar | |
| 109 | 275710 | Parker Branch | 27600 Sd Highway 19, Suite 102, Parker, SD 57053 | January 01, 1887 | Full Service Brick and Mortar | |
| 110 | 275709 | S Main St Branch | 209 South Main Street, Lennox, SD 57039 | January 01, 1887 | Full Service Brick and Mortar | |
| 115 | 273311 | 1805 6th Ave Se Branch | 1805 6th Ave Se, Aberdeen, SD 57402 | October 01, 1934 | Full Service Brick and Mortar | |
| 116 | 264988 | Brookings Branch | 1024 Sixth Street, Brookings, SD 57006 | September 06, 1994 | Full Service Brick and Mortar | |
| 117 | 264989 | Sioux Falls Branch | 4800 South Cliff Avenue, Sioux Falls, SD 54103 | May 01, 1995 | Full Service Brick and Mortar | |
| 118 | 264990 | Highway 38 Branch | 202 West Highway 38, Hartford, SD 57033 | June 30, 1996 | Full Service Brick and Mortar | |
| 119 | 1104 | Colman Branch | 118 North Main Street, Colman, SD 57017 | May 18, 1901 | Full Service Brick and Mortar | |
| 124 | 340675 | Watertown Office Branch | 1320 9th Avenue Se, Watertown, SD 57201 | January 28, 2000 | Full Service Brick and Mortar | |
| 125 | 340775 | Sioux Falls - Marion Road Office Bra | 1900 South Marion Road, Sioux Falls, SD 57106 | April 11, 2000 | Full Service Brick and Mortar | |
| 127 | 356498 | 210 North West Avenue | 210 North West Avenue, Crooks, SD 57020 | May 27, 1999 | Full Service Brick and Mortar | |
| 128 | 356499 | 200 Tower Road Branch | 200 Tower Road, Suite 101, Dakota Dunes, SD 57049 | January 15, 1999 | Full Service Brick and Mortar | |
| 129 | 356501 | 4914 North Cliff Avenue | 4914 North Cliff Avenue, Sioux Falls, SD 57104 | May 27, 1999 | Full Service Brick and Mortar | |
| 131 | 282076 | Mitchell Branch | 714 South Burr, Mitchell, SD 57301 | July 18, 1955 | Full Service Brick and Mortar | |
| 132 | 360102 | Mitchell -- Wal-Mart Branch | 1101 East Spruce, Mitchell, SD 57301 | March 14, 2001 | Full Service Brick and Mortar | |
| 133 | 360103 | Yankton -- Hy--vee Branch | 2100 Broadway, Yankton, SD 57078 | March 20, 2001 | Full Service Brick and Mortar | |
| 135 | 364385 | Hyvee Empire Branch | 4101 South Louise Avenue, Sioux Falls, SD 57106 | November 14, 2001 | Full Service Brick and Mortar | |
| 137 | 458781 | Harrisburg Branch | 220 S. Cliff Avenue, Suite 126, Harrisburg, SD 57032 | October 19, 2005 | Full Service Brick and Mortar | |
| 139 | 458783 | 1601 S. Sycamore Ave Branch | 1601 S. Sycamore Ave., Suite 101, Sioux Falls, SD 57110 | November 14, 2001 | Full Service Brick and Mortar | |
| 140 | 458784 | Watertown Main | 25 19th Street Ne, Watertown, SD 57201 | April 22, 2002 | Full Service Brick and Mortar | |
| 141 | 458785 | 3400 S. Sycamore Ave. Branch | 3400 S. Sycamore Ave., Sioux Falls, SD 57110 | Febuary 14, 2002 | Full Service Brick and Mortar | |
| 144 | 464124 | 3020 East 10th Street Branch | 3020 East 10th Street, Suite 101, Sioux Falls, SD 57103 | June 20, 2007 | Full Service Brick and Mortar | |
| 149 | 518073 | Sioux Falls Mn Ave Off | 3000 South Minnesota Avenue, Sioux Falls, SD 57104 | March 20, 2007 | Full Service Brick and Mortar | |
| 150 | 518074 | Yankton Branch | 2408 North Broadway, Yankton, SD 57078 | December 11, 2006 | 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.