Peoples State Bank in Summit, South Dakota (SD)



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Peoples State Bank routing number info

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Peoples State Bank
GeneralFDIC 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
WWW: http://www.peoplesstatesd.com
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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)11
Total assets$55,697
Cash and due from depository institutions$4,464
Interest-bearing balances$791
Securities$14,501
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$35,081
Loan loss allowance $581
Trading account assets$0
Bank premises and fixed assets$227
Other real estate owned$80
Goodwill and other intangibles$0
All other assets$1,344
Life insurance assets$55,697
Total liabilities and capital$49,590
Total liabilities$46,587
Total deposits$39,479
Interest-bearing deposits$46,587
Deposits held in domestic offices$93
% insured (estimated)1100.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,700
Other borrowed funds $0
Subordinated debt $203
All other liabilities $6,107
Total equity capital$6,107
Total bank equity capital$6,107
Perpetual preferred stock$0
Common stock$50
Surplus$2,000
Undivided profits $4,057
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 $301
Earning assets $0
Long-term assets (5+ years) $883
Average Assets, year-to-date $50,373
Average Assets, quarterly $12,098
Volatile liabilities $51,532
Insider loans $54,321
FHLB advances $45,443
Loans and leases held for sale $54,220
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,707
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,697
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,950
Total interest expense $819
Net interest income $2,131
Provision for loan and lease losses $120
Total noninterest income $270
Fiduciary activities $0
Service charges on deposit accounts $215
Trading account gains & fees $0
Additional noninterest income $55
Total noninterest expense $1,097
Salaries and employee benefits $622
Premises and equipment expense $107
Additional noninterest expense $368
Pre-tax net operating income $1,184
Securities gains (losses) $0
Applicable income taxes $49
Income before extraordinary items $1,135
Extraordinary gains - net $0
Net income attributable to bank $1,135
Net charge-offs $0
Cash dividends $1,135
Sale, conversion, retirement of capital stock, net $4
Net operating income $350
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.19%
Cost of funding earning assets 1.72%
Net interest margin 4.47%
Noninterest income to earning assets 0.57%
Noninterest expense to earning assets 2.30%
Net operating income to assets 2.20%
Return on assets (ROA) 2.20%
Pretax return on assets 2.30%
Return on equity (ROE) 20.66%
Retained earnings to average equity (YTD only) 14.29%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 3000.00%
Efficiency ratio326.00%
Assets per employee$45,689
Cash dividends to net income (YTD only)5.06%
Condition Ratios (%)
Loss allowance to loans 30.84%
Loss allowance to noncurrent loans 1.63%
Noncurrent assets plus other real estate owned to assets 193.02%
Noncurrent loans to loans 0.68%
Net loans and leases to deposits0.84%
Net loans and leases to core deposits 75.30%
Equity capital to assets 85.77%
Core capital (leverage) ratio 10.96%
Tier 1 risk-based capital ratio 10.53%
Total risk-based capital ratio 12.56%
Memoranda
Average assets$14
Average earning assets$51,532
Average equity $5,495
Average loans $47,633
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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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