Miner County Bank in Howard, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Miner County Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $39,597Total assets
  • $1,917Cash and due from depository institutions
  • $735Interest-bearing balances
  • $12,133Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $22,765Net loans & leases
  • $458Loan loss allowance
  • $0Trading account assets
  • $87Bank premises and fixed assets
  • $320Other real estate owned
  • $0Goodwill and other intangibles
  • $39,597Life insurance assets
  • $2,375All other assets
  • $34,941Total liabilities and capital
  • $33,594Total liabilities
  • $27,913Total deposits
  • $33,594Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 250.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,097Subordinated debt
  • $4,656All other liabilities
  • $4,656Total equity capital
  • $4,656Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $1,875Surplus
  • $2,656Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $587Long-term assets (5+ years)
  • $35,633Average Assets, year-to-date
  • $12,492Average Assets, quarterly
  • $39,105Volatile liabilities
  • $39,516Insider loans
  • $23,925FHLB advances
  • $39,279Loans and leases held for sale
  • $1,471Unused loan commitments
  • $1,471Tier 1 (core) risk-based capital
  • $4,391Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,853Restructured Loans and leases
  • $137Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,693Total interest income
  • $221Total interest expense
  • $1,472Net interest income
  • $0Provision for loan and lease losses
  • $162Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $1,188Total noninterest expense
  • $835Salaries and employee benefits
  • $104Premises and equipment expense
  • $249Additional noninterest expense
  • $446Pre-tax net operating income
  • $25Securities gains (losses)
  • $26Applicable income taxes
  • $445Income before extraordinary items
  • $0Extraordinary gains - net
  • $445Net income attributable to bank
  • $0Net charge-offs
  • $445Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $280Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 9.83%Return on equity (ROE)
  • 3.64%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,705Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.92%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 67.77%Net loans and leases to core deposits
  • 68.90%Equity capital to assets
  • 11.76%Core capital (leverage) ratio
  • 11.18%Tier 1 risk-based capital ratio
  • 18.35%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $39,105Average earning assets
  • $4,527Average equity
  • $34,455Average loans

List of branches

  • 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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