Miner County Bank in Howard, South Dakota (SD)



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Miner County Bank routing number info

Table of contents:
Miner County Bank
GeneralFDIC Certificate #: 9933
Status: Active
Federal Reserve ID: 294153
Date Established: May 03, 1926
WWW: http://www.minercountybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 6351
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 217 South Main Street, Howard, SD 57349
County: Miner
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 ChangesCorrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $39.6 mil
Equity capital: $4.7 mil
Deposits held in domestic offices: $33.6 mil
Return on assets (ROA): 1.14% ($0.5 mil)
Quarterly return on assets: 1.39% ($0.6 mil)
Return on Equity (ROE): 9.83% ($0.5 mil)
Quarterly return on equity: 11.69% ($0.6 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.20% ($475.2 mil)
Quarterly Pretax return on assets: 1.48% ($586.0 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)
Total employees (full-time equivalent)14
Total assets$39,597
Cash and due from depository institutions$1,917
Interest-bearing balances$735
Securities$12,133
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$22,765
Loan loss allowance $458
Trading account assets$0
Bank premises and fixed assets$87
Other real estate owned$320
Goodwill and other intangibles$0
All other assets$2,375
Life insurance assets$39,597
Total liabilities and capital$34,941
Total liabilities$33,594
Total deposits$27,913
Interest-bearing deposits$33,594
Deposits held in domestic offices$93
% insured (estimated)250.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,097
All other liabilities $4,656
Total equity capital$4,656
Total bank equity capital$4,656
Perpetual preferred stock$0
Common stock$125
Surplus$1,875
Undivided profits $2,656
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 $0
Earning assets $0
Long-term assets (5+ years) $587
Average Assets, year-to-date $35,633
Average Assets, quarterly $12,492
Volatile liabilities $39,105
Insider loans $39,516
FHLB advances $23,925
Loans and leases held for sale $39,279
Unused loan commitments $1,471
Tier 1 (core) risk-based capital $1,471
Tier 2 risk-based capital $4,391
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,853
Derivatives$137
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,693
Total interest expense $221
Net interest income $1,472
Provision for loan and lease losses $0
Total noninterest income $162
Fiduciary activities $0
Service charges on deposit accounts $79
Trading account gains & fees $0
Additional noninterest income $83
Total noninterest expense $1,188
Salaries and employee benefits $835
Premises and equipment expense $104
Additional noninterest expense $249
Pre-tax net operating income $446
Securities gains (losses) $25
Applicable income taxes $26
Income before extraordinary items $445
Extraordinary gains - net $0
Net income attributable to bank $445
Net charge-offs $0
Cash dividends $445
Sale, conversion, retirement of capital stock, net -$2
Net operating income $280
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.91%
Cost of funding earning assets 0.64%
Net interest margin 4.27%
Noninterest income to earning assets 0.47%
Noninterest expense to earning assets 3.45%
Net operating income to assets 1.08%
Return on assets (ROA) 1.14%
Pretax return on assets 1.20%
Return on equity (ROE) 9.83%
Retained earnings to average equity (YTD only) 3.64%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$72,705
Cash dividends to net income (YTD only)2.83%
Condition Ratios (%)
Loss allowance to loans 62.92%
Loss allowance to noncurrent loans 1.97%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.81%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 67.77%
Equity capital to assets 68.90%
Core capital (leverage) ratio 11.76%
Tier 1 risk-based capital ratio 11.18%
Total risk-based capital ratio 18.35%
Memoranda
Average assets$20
Average earning assets$39,105
Average equity $4,527
Average loans $34,455
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2 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06351Miner County Bank217 South Main Street, Howard, SD 57349May 03, 1926Full Service Brick and Mortar
1208671Canova Branch160 Main Street West, Canova, SD 57321July 01, 1981Full Service Brick and Mortar
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