Peoples State Bank in De Smet, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 03, 2011

Peoples State Bank - Overview

  • General
  • FDIC Certificate #: 9002
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: American Bank & Trust (#1117)
    Federal Reserve ID: 525950
    Date Established: June 14, 1919
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5749
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 03, 2011
    Last Structure Change Process Date: October 25, 2011
    Last Data Update: October 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 212 Calumet Avenue, S.E., De Smet, SD 57231
    County: Kingsbury
    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
  • Financial Summary
  • Total assets: $62.8 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, 2010)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $61,691Total assets
  • $4,026Cash and due from depository institutions
  • $0Interest-bearing balances
  • $13,499Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $39,482Net loans & leases
  • $602Loan loss allowance
  • $0Trading account assets
  • $339Bank premises and fixed assets
  • $399Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $946All other assets
  • $61,691Total liabilities and capital
  • $54,233Total liabilities
  • $53,957Total deposits
  • $43,099Interest-bearing deposits
  • $53,957Deposits held in domestic offices
  • 93.96%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $276All other liabilities
  • $7,458Total equity capital
  • $7,458Total bank equity capital
  • $7,458Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $3,600Undivided profits
  • Memoranda
  • $3,758Noncurrent loans and leases
  • $12,109Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $516Earning assets
  • $0Long-term assets (5+ years)
  • $549Average Assets, year-to-date
  • $55,981Average Assets, quarterly
  • $14,736Volatile liabilities
  • $60,554Insider loans
  • $60,952FHLB advances
  • $3,343Loans and leases held for sale
  • $776Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,109Total unused commitments
  • $0Restructured Loans and leases
  • $529Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $2,998Total interest income
  • $530Total interest expense
  • $2,468Net interest income
  • $50Provision for loan and lease losses
  • $375Total noninterest income
  • $0Fiduciary activities
  • $172Service charges on deposit accounts
  • $0Trading account gains & fees
  • $203Additional noninterest income
  • $1,840Total noninterest expense
  • $923Salaries and employee benefits
  • $72Premises and equipment expense
  • $845Additional noninterest expense
  • $953Pre-tax net operating income
  • $0Securities gains (losses)
  • $39Applicable income taxes
  • $914Income before extraordinary items
  • $0Extraordinary gains - net
  • $914Net income attributable to bank
  • $0Net charge-offs
  • $914Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 12.88%Return on equity (ROE)
  • 10.06%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 238.10%Credit loss provision to net charge-offs
  • 47.76%Efficiency ratio
  • 64,720Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.88%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 116.67%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 73.17%Net loans and leases to core deposits
  • 78.01%Equity capital to assets
  • 12.09%Core capital (leverage) ratio
  • 11.03%Tier 1 risk-based capital ratio
  • 16.42%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $60,554Average earning assets
  • $7,094Average equity
  • $53,434Average loans

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