Pioneer Bank & Trust in Belle Fourche, South Dakota (SD)
| Pioneer Bank & Trust | |
|---|---|
| General | FDIC Certificate #: 15562 Status: Active Federal Reserve ID: 65559 Bank Holding Company (Regulatory Top Holder): Belle Fourche Bancshares, Inc. (RSSDID: 1143511, Location: Spearfish, SD) Date Established: August 30, 1937 WWW: http://www.pioneerbankandtrust.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Domestic: 7, Interstate: No) FDIC's unique #: 9854 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 04, 1937 Last Structure Change Effective Date: March 28, 2011 Last Structure Change Process Date: April 05, 2011 Last Data Update: April 05, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 700 State Street, Belle Fourche, SD 57717 County: Butte 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 Primary Regulatory Agency Change in Supervisory Agency Institution Withdraws from FRS (Federal Reserve System) |
| Financial Summary | Total assets: $467.3 mil Equity capital: $45.9 mil Deposits held in domestic offices: $416.1 mil Return on assets (ROA): 1.81% ($8.5 mil) Quarterly return on assets: 1.24% ($5.8 mil) Return on Equity (ROE): 18.05% ($8.3 mil) Quarterly return on equity: 12.38% ($5.7 mil) Net income: $8.0 mil Quarterly Net income: $1.4 mil Pretax return on assets: 1.89% ($8,831.9 mil) Quarterly Pretax return on assets: 1.33% ($6,215.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 93 |
| Total assets | $467,298 |
| Cash and due from depository institutions | $113,980 |
| Interest-bearing balances | $109,628 |
| Securities | $134,679 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $201,622 |
| Loan loss allowance | $2,063 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,293 |
| Other real estate owned | $44 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,680 |
| Life insurance assets | $467,298 |
| Total liabilities and capital | $421,400 |
| Total liabilities | $416,101 |
| Total deposits | $384,477 |
| Interest-bearing deposits | $416,101 |
| Deposits held in domestic offices | $76 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $5,299 |
| All other liabilities | $45,898 |
| Total equity capital | $45,898 |
| Total bank equity capital | $45,898 |
| Perpetual preferred stock | $0 |
| Common stock | $495 |
| Surplus | $17,505 |
| Undivided profits | $27,898 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $400 |
| Income earned, not collected on loans | $1,423 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,045 |
| Average Assets, year-to-date | $445,929 |
| Average Assets, quarterly | $71,056 |
| Volatile liabilities | $439,912 |
| Insider loans | $458,652 |
| FHLB advances | $224,852 |
| Loans and leases held for sale | $460,863 |
| Unused loan commitments | $6,427 |
| Tier 1 (core) risk-based capital | $6,427 |
| Tier 2 risk-based capital | $43,878 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $51,864 |
| Derivatives | $2,893 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,443 |
| Total interest expense | $2,606 |
| Net interest income | $12,837 |
| Provision for loan and lease losses | $169 |
| Total noninterest income | $4,293 |
| Fiduciary activities | $1,699 |
| Service charges on deposit accounts | $1,030 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,564 |
| Total noninterest expense | $9,540 |
| Salaries and employee benefits | $5,903 |
| Premises and equipment expense | $1,215 |
| Additional noninterest expense | $2,422 |
| Pre-tax net operating income | $7,421 |
| Securities gains (losses) | $897 |
| Applicable income taxes | $349 |
| Income before extraordinary items | $7,969 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $7,969 |
| Net charge-offs | $0 |
| Cash dividends | $7,969 |
| Sale, conversion, retirement of capital stock, net | $94 |
| Net operating income | $4,406 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.68% |
| Cost of funding earning assets | 0.62% |
| Net interest margin | 3.06% |
| Noninterest income to earning assets | 1.02% |
| Noninterest expense to earning assets | 2.28% |
| Net operating income to assets | 1.62% |
| Return on assets (ROA) | 1.81% |
| Pretax return on assets | 1.89% |
| Return on equity (ROE) | 18.05% |
| Retained earnings to average equity (YTD only) | 8.07% |
| Net charge-offs to loans | 0.05% |
| Credit loss provision to net charge-offs | 179.79% |
| Efficiency ratio | 80.74% |
| Assets per employee | $55,692 |
| Cash dividends to net income (YTD only) | 5.02% |
| Condition Ratios (%) | |
| Loss allowance to loans | 55.29% |
| Loss allowance to noncurrent loans | 1.01% |
| Noncurrent assets plus other real estate owned to assets | 144.98% |
| Noncurrent loans to loans | 0.31% |
| Net loans and leases to deposits | 0.70% |
| Net loans and leases to core deposits | 48.46% |
| Equity capital to assets | 50.72% |
| Core capital (leverage) ratio | 9.82% |
| Tier 1 risk-based capital ratio | 9.52% |
| Total risk-based capital ratio | 19.51% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $439,912 |
| Average equity | $44,138 |
| Average loans | $419,156 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $186,972 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $170,784 |
| Employee benefit-defined contribution accounts | $163,114 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $4,107 |
| Non-managed Assets | $3,563 |
| Number of Accounts | 207 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $16,188 |
| Corporate trust and agency accounts | $10,000 |
| Other fiduciary accounts | $6,188 |
| Fiduciary accounts held in foreign offices | $0 |
| 7 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9854 | Pioneer Bank & Trust | 700 State Street, Belle Fourche, SD 57717 | August 30, 1937 | Full Service Brick and Mortar |  |
| 1 | 234543 | Spearfish Branch | 140 E Jackson Blvd, Spearfish, SD 57783 | August 09, 1961 | Full Service Brick and Mortar |  |
| 2 | 234544 | Rapid City West Branch | 2001 West Omaha Street, Rapid City, SD 57702 | March 21, 1984 | Full Service Brick and Mortar | |
| 3 | 763 | Buffalo Branch | 102 Main Street, Buffalo, SD 57720 | June 01, 1913 | Full Service Brick and Mortar | |
| 4 | 234545 | Rapid City South Branch | 2018 Mount Rushmore Road, Rapid City, SD 57709 | January 03, 1994 | Full Service Brick and Mortar | |
| 5 | 465190 | Administration Center | 125 E Colorado Blvd Ste 1a, Spearfish, SD 57783 | December 20, 2002 | Limited Service Administrative | |
| 6 | 526143 | Sturgis Branch | 2611 Lazelle Street, Sturgis, SD 57785 | October 11, 2011 | Full Service Brick and Mortar | |
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