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

Peoples State Bank - Overview

  • General
  • FDIC Certificate #: 9950
    Status: Active
    Federal Reserve ID: 373058
    Bank Holding Company (Regulatory Top Holder): Northeast Bancorp, Inc. (RSSDID: 1842971, Location: Brandon, SD)
    Date Established: September 12, 1927
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15335
    FDIC's unique #: 6359
    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: 401 Maple St, Summit, SD 57266
    County: Roberts
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $55.7 mil
    Equity capital: $6.1 mil
    Deposits held in domestic offices: $46.6 mil
    Return on assets (ROA): 2.20% ($1.2 mil)
    Quarterly return on assets: 2.47% ($1.4 mil)
    Return on Equity (ROE): 20.66% ($1.2 mil)
    Quarterly return on equity: 22.61% ($1.4 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 2.30% ($1,281.0 mil)
    Quarterly Pretax return on assets: 2.57% ($1,431.4 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
  • 11Total employees (full-time equivalent)
  • $55,697Total assets
  • $4,464Cash and due from depository institutions
  • $791Interest-bearing balances
  • $14,501Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,081Net loans & leases
  • $581Loan loss allowance
  • $0Trading account assets
  • $227Bank premises and fixed assets
  • $80Other real estate owned
  • $0Goodwill and other intangibles
  • $55,697Life insurance assets
  • $1,344All other assets
  • $49,590Total liabilities and capital
  • $46,587Total liabilities
  • $39,479Total deposits
  • $46,587Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,700Trading liabilities
  • $0Other borrowed funds
  • $203Subordinated debt
  • $6,107All other liabilities
  • $6,107Total equity capital
  • $6,107Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,000Surplus
  • $4,057Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $301Income earned, not collected on loans
  • $0Earning assets
  • $883Long-term assets (5+ years)
  • $50,373Average Assets, year-to-date
  • $12,098Average Assets, quarterly
  • $51,532Volatile liabilities
  • $54,321Insider loans
  • $45,443FHLB advances
  • $54,220Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,707Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,697Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,950Total interest income
  • $819Total interest expense
  • $2,131Net interest income
  • $120Provision for loan and lease losses
  • $270Total noninterest income
  • $0Fiduciary activities
  • $215Service charges on deposit accounts
  • $0Trading account gains & fees
  • $55Additional noninterest income
  • $1,097Total noninterest expense
  • $622Salaries and employee benefits
  • $107Premises and equipment expense
  • $368Additional noninterest expense
  • $1,184Pre-tax net operating income
  • $0Securities gains (losses)
  • $49Applicable income taxes
  • $1,135Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,135Net income attributable to bank
  • $0Net charge-offs
  • $1,135Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.72%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 2.20%Net operating income to assets
  • 2.20%Return on assets (ROA)
  • 2.30%Pretax return on assets
  • 20.66%Return on equity (ROE)
  • 14.29%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 3000.00%Credit loss provision to net charge-offs
  • 326.00%Efficiency ratio
  • 45,689Assets per employee
  • 5.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.84%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 193.02%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 75.30%Net loans and leases to core deposits
  • 85.77%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 12.56%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $51,532Average earning assets
  • $5,495Average equity
  • $47,633Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06359Peoples State Bank401 Maple St, Summit, SD 57266September 12, 1927Full Service Brick and Mortar
    1360631Florence Branch224 Main Street, Florence, SD 57235September 19, 2000Full Service Brick and Mortar
    2418867Convenience Corner Night Depository410th Street, N.W., Watertown, SD 57201April 28, 2003Limited Service Facility

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