Plains Commerce Bank in Hoven, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Plains Commerce Bank in Hoven, South Dakota (SD)
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Plains Commerce Bank - Overview

  • General
  • FDIC Certificate #: 1678
    Status: Active
    Federal Reserve ID: 593052
    Date Established: July 16, 1931
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 104Total employees (full-time equivalent)
  • $414,758Total assets
  • $9,059Cash and due from depository institutions
  • $2,134Interest-bearing balances
  • $64,444Securities
  • $13,746Federal funds sold & reverse repurchase agreements
  • $298,175Net loans & leases
  • $4,748Loan loss allowance
  • $0Trading account assets
  • $8,805Bank premises and fixed assets
  • $6,420Other real estate owned
  • $7,024Goodwill and other intangibles
  • $414,758Life insurance assets
  • $7,085All other assets
  • $354,037Total liabilities and capital
  • $344,165Total liabilities
  • $302,604Total deposits
  • $344,165Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $2,872Subordinated debt
  • $60,721All other liabilities
  • $60,721Total equity capital
  • $60,721Total bank equity capital
  • $0Perpetual preferred stock
  • $215Common stock
  • $24,391Surplus
  • $36,115Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $20,194Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,054Income earned, not collected on loans
  • $0Earning assets
  • $4,934Long-term assets (5+ years)
  • $378,499Average Assets, year-to-date
  • $104,865Average Assets, quarterly
  • $405,516Volatile liabilities
  • $416,348Insider loans
  • $335,400FHLB advances
  • $406,133Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $50,773Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,412Restructured Loans and leases
  • $173Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,336Total interest income
  • $6,270Total interest expense
  • $16,066Net interest income
  • $1,206Provision for loan and lease losses
  • $4,554Total noninterest income
  • $0Fiduciary activities
  • $377Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,177Additional noninterest income
  • $12,211Total noninterest expense
  • $7,381Salaries and employee benefits
  • $1,388Premises and equipment expense
  • $3,442Additional noninterest expense
  • $7,203Pre-tax net operating income
  • -$25Securities gains (losses)
  • $423Applicable income taxes
  • $6,755Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,755Net income attributable to bank
  • $0Net charge-offs
  • $6,755Cash dividends
  • $758Sale, conversion, retirement of capital stock, net
  • $2,763Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 4.33%Net interest margin
  • 1.23%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 1.67%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 11.80%Return on equity (ROE)
  • 6.97%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 159.10%Credit loss provision to net charge-offs
  • 11.09%Efficiency ratio
  • 58,928Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.90%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 67.31%Noncurrent assets plus other real estate owned to assets
  • 3.25%Noncurrent loans to loans
  • 2.33%Net loans and leases to deposits
  • 86.64%Net loans and leases to core deposits
  • 93.06%Equity capital to assets
  • 14.64%Core capital (leverage) ratio
  • 12.50%Tier 1 risk-based capital ratio
  • 15.14%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $405,516Average earning assets
  • $57,244Average equity
  • $370,644Average loans

List of branches

  • 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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