Plains Commerce Bank in Hoven, South Dakota (SD)



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Plains Commerce Bank routing number info

Table of contents:
Plains Commerce Bank
GeneralFDIC Certificate #: 1678
Status: Active
Federal Reserve ID: 593052
Date Established: July 16, 1931
WWW: http://www.plainscommerce.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 1103
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: May 27, 2010
Last Structure Change Process Date: May 27, 2010
Last Data Update: May 27, 2010
Data Source Date: April 05, 2012
LocationAddress: 220 Main Street, Hoven, SD 57450
County: Potter
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
Financial SummaryTotal assets: $414.8 mil
Equity capital: $60.7 mil
Deposits held in domestic offices: $344.2 mil
Return on assets (ROA): 1.67% ($6.9 mil)
Quarterly return on assets: 1.15% ($4.8 mil)
Return on Equity (ROE): 11.80% ($7.2 mil)
Quarterly return on equity: 7.94% ($4.8 mil)
Net income: $6.8 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.77% ($7,341.2 mil)
Quarterly Pretax return on assets: 1.20% ($4,977.1 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)104
Total assets$414,758
Cash and due from depository institutions$9,059
Interest-bearing balances$2,134
Securities$64,444
Federal funds sold & reverse repurchase agreements$13,746
Net loans & leases$298,175
Loan loss allowance $4,748
Trading account assets$0
Bank premises and fixed assets$8,805
Other real estate owned$6,420
Goodwill and other intangibles$7,024
All other assets$7,085
Life insurance assets$414,758
Total liabilities and capital$354,037
Total liabilities$344,165
Total deposits$302,604
Interest-bearing deposits$344,165
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $2,872
All other liabilities $60,721
Total equity capital$60,721
Total bank equity capital$60,721
Perpetual preferred stock$0
Common stock$215
Surplus$24,391
Undivided profits $36,115
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $20,194
Income earned, not collected on loans $7,054
Earning assets $0
Long-term assets (5+ years) $4,934
Average Assets, year-to-date $378,499
Average Assets, quarterly $104,865
Volatile liabilities $405,516
Insider loans $416,348
FHLB advances $335,400
Loans and leases held for sale $406,133
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $50,773
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $54,412
Derivatives$173
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $22,336
Total interest expense $6,270
Net interest income $16,066
Provision for loan and lease losses $1,206
Total noninterest income $4,554
Fiduciary activities $0
Service charges on deposit accounts $377
Trading account gains & fees $0
Additional noninterest income $4,177
Total noninterest expense $12,211
Salaries and employee benefits $7,381
Premises and equipment expense $1,388
Additional noninterest expense $3,442
Pre-tax net operating income $7,203
Securities gains (losses) -$25
Applicable income taxes $423
Income before extraordinary items $6,755
Extraordinary gains - net $0
Net income attributable to bank $6,755
Net charge-offs $0
Cash dividends $6,755
Sale, conversion, retirement of capital stock, net $758
Net operating income $2,763
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.03%
Cost of funding earning assets 1.69%
Net interest margin 4.33%
Noninterest income to earning assets 1.23%
Noninterest expense to earning assets 3.29%
Net operating income to assets 1.67%
Return on assets (ROA) 1.67%
Pretax return on assets 1.77%
Return on equity (ROE) 11.80%
Retained earnings to average equity (YTD only) 6.97%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 159.10%
Efficiency ratio11.09%
Assets per employee$58,928
Cash dividends to net income (YTD only)3.99%
Condition Ratios (%)
Loss allowance to loans 40.90%
Loss allowance to noncurrent loans 1.57%
Noncurrent assets plus other real estate owned to assets 67.31%
Noncurrent loans to loans 3.25%
Net loans and leases to deposits2.33%
Net loans and leases to core deposits 86.64%
Equity capital to assets 93.06%
Core capital (leverage) ratio 14.64%
Tier 1 risk-based capital ratio 12.50%
Total risk-based capital ratio 15.14%
Memoranda
Average assets$16
Average earning assets$405,516
Average equity $57,244
Average loans $370,644
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6 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01103Plains Commerce Bank220 Main Street, Hoven, SD 57450July 16, 1931Full Service Brick and Mortar
1350Aberdeen Branch524 South Dakota Street, Aberdeen, SD 57401January 01, 1926Full Service Brick and Mortar
2181717Conde Branch280 Broadway St, Conde, SD 57434June 04, 1984Full Service Brick and Mortar
342119Watertown Branch109 First Avenue Southeast, Watertown, SD 57201December 24, 1934Full Service Brick and Mortar
4424178Watertown South Branch920 Fifth Street S.E., Watertown, SD 57201September 10, 2003Full Service Brick and Mortar
5451612Sioux Falls Branch3905 West 49th Street, Sioux Falls, SD 57106June 05, 2006Full Service Brick and Mortar
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