Ipswich State Bank in Ipswich, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Ipswich State Bank - Overview

  • General
  • FDIC Certificate #: 15593
    Status: Active
    Federal Reserve ID: 532453
    Bank Holding Company (Regulatory Top Holder): Yellowstone Trail Bancorporation (RSSDID: 1495845, Location: Ipswich, SD)
    Date Established: April 13, 1938
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 9879
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 13, 1938
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 First Avenue, Ipswich, SD 57451
    County: Edmunds
    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
    Core Based Statistical Area (CBSA): Aberdeen, SD (#10100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $56.6 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $44.1 mil
    Return on assets (ROA): 1.04% ($0.6 mil)
    Quarterly return on assets: 0.67% ($0.4 mil)
    Return on Equity (ROE): 6.72% ($0.6 mil)
    Quarterly return on equity: 4.29% ($0.4 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.37% ($775.0 mil)
    Quarterly Pretax return on assets: 0.67% ($379.0 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
  • 9Total employees (full-time equivalent)
  • $56,571Total assets
  • $6,076Cash and due from depository institutions
  • $0Interest-bearing balances
  • $12,305Securities
  • $7,600Federal funds sold & reverse repurchase agreements
  • $27,363Net loans & leases
  • $546Loan loss allowance
  • $0Trading account assets
  • $311Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $56,571Life insurance assets
  • $2,916All other assets
  • $47,929Total liabilities and capital
  • $44,098Total liabilities
  • $33,840Total deposits
  • $44,098Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,702Trading liabilities
  • $0Other borrowed funds
  • $1,129Subordinated debt
  • $8,642All other liabilities
  • $8,642Total equity capital
  • $8,642Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,200Surplus
  • $7,342Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18Income earned, not collected on loans
  • $0Earning assets
  • $719Long-term assets (5+ years)
  • $47,268Average Assets, year-to-date
  • $12,478Average Assets, quarterly
  • $52,825Volatile liabilities
  • $54,677Insider loans
  • $35,492FHLB advances
  • $56,214Loans and leases held for sale
  • $1,993Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,330Tier 2 risk-based capital
  • $1,637Total risk weighted assets
  • $356Total unused commitments
  • $8,059Restructured Loans and leases
  • $70Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,264Total interest income
  • $571Total interest expense
  • $1,693Net interest income
  • $0Provision for loan and lease losses
  • $206Total noninterest income
  • $0Fiduciary activities
  • $142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $64Additional noninterest income
  • $1,177Total noninterest expense
  • $826Salaries and employee benefits
  • $119Premises and equipment expense
  • $232Additional noninterest expense
  • $722Pre-tax net operating income
  • $0Securities gains (losses)
  • $170Applicable income taxes
  • $552Income before extraordinary items
  • $0Extraordinary gains - net
  • $552Net income attributable to bank
  • $0Net charge-offs
  • $552Cash dividends
  • -$41Sale, conversion, retirement of capital stock, net
  • $154Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 6.72%Return on equity (ROE)
  • 4.85%Retained earnings to average equity (YTD only)
  • -0.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,980Assets per employee
  • 6.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.90%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 3033.33%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 62.05%Net loans and leases to core deposits
  • 67.43%Equity capital to assets
  • 15.28%Core capital (leverage) ratio
  • 14.82%Tier 1 risk-based capital ratio
  • 23.47%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $52,825Average earning assets
  • $8,209Average equity
  • $45,300Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09879Ipswich State Bank301 First Avenue, Ipswich, SD 57451April 13, 1938Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Ipswich State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents