Quoin Financial Bank in Miller, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Quoin Financial Bank - Overview

  • General
  • FDIC Certificate #: 15629
    Status: Active
    Federal Reserve ID: 592550
    Bank Holding Company (Regulatory Top Holder): M & H Financial Services, Inc. (RSSDID: 1143128, Location: Miller, SD)
    Date Established: January 01, 1938
    WWW: http://www.quoinbank.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)
    FDIC's unique #: 9909
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: November 14, 1938
    Last Structure Change Effective Date: December 07, 2007
    Last Structure Change Process Date: March 18, 2008
    Last Data Update: March 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Broadway, Miller, SD 57362
    County: Hand
    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
  • Name Change
  • Financial Summary
  • Total assets: $130.7 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $115.1 mil
    Return on assets (ROA): 0.69% ($0.9 mil)
    Quarterly return on assets: 0.37% ($0.5 mil)
    Return on Equity (ROE): 6.61% ($0.9 mil)
    Quarterly return on equity: 3.45% ($0.4 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.91% ($1,189.3 mil)
    Quarterly Pretax return on assets: 0.40% ($522.8 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
  • 33Total employees (full-time equivalent)
  • $130,688Total assets
  • $8,856Cash and due from depository institutions
  • $3,826Interest-bearing balances
  • $24,723Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,626Net loans & leases
  • $1,134Loan loss allowance
  • $0Trading account assets
  • $2,005Bank premises and fixed assets
  • $3,005Other real estate owned
  • $0Goodwill and other intangibles
  • $130,688Life insurance assets
  • $5,473All other assets
  • $117,198Total liabilities and capital
  • $115,064Total liabilities
  • $93,403Total deposits
  • $115,064Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,308Trading liabilities
  • $0Other borrowed funds
  • $826Subordinated debt
  • $13,490All other liabilities
  • $13,490Total equity capital
  • $13,490Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $7,303Surplus
  • $5,737Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,543Income earned, not collected on loans
  • $0Earning assets
  • $1,157Long-term assets (5+ years)
  • $115,175Average Assets, year-to-date
  • $21,349Average Assets, quarterly
  • $125,246Volatile liabilities
  • $127,226Insider loans
  • $101,330FHLB advances
  • $128,518Loans and leases held for sale
  • $2,939Unused loan commitments
  • $2,939Tier 1 (core) risk-based capital
  • $12,522Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,272Restructured Loans and leases
  • $564Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,468Total interest income
  • $1,260Total interest expense
  • $5,208Net interest income
  • $775Provision for loan and lease losses
  • $263Total noninterest income
  • $0Fiduciary activities
  • $185Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $3,693Total noninterest expense
  • $2,150Salaries and employee benefits
  • $480Premises and equipment expense
  • $1,063Additional noninterest expense
  • $1,003Pre-tax net operating income
  • $138Securities gains (losses)
  • $272Applicable income taxes
  • $869Income before extraordinary items
  • $0Extraordinary gains - net
  • $869Net income attributable to bank
  • $0Net charge-offs
  • $869Cash dividends
  • $668Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.80%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 6.61%Return on equity (ROE)
  • 5.09%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 116.02%Credit loss provision to net charge-offs
  • 2.66%Efficiency ratio
  • 67,501Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.01%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 44.59%Noncurrent assets plus other real estate owned to assets
  • 4.25%Noncurrent loans to loans
  • 2.90%Net loans and leases to deposits
  • 75.29%Net loans and leases to core deposits
  • 84.09%Equity capital to assets
  • 10.32%Core capital (leverage) ratio
  • 9.74%Tier 1 risk-based capital ratio
  • 12.36%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $125,246Average earning assets
  • $13,143Average equity
  • $111,541Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09909Quoin Financial Bank201 North Broadway, Miller, SD 57362January 01, 1938Full Service Brick and Mortar
    12596Highmore Branch209 Commercial Street Se, Highmore, SD 57345January 01, 1901Full Service Brick and Mortar
    2473724Sioux Falls Branch5700 South Remington Place, Sioux Falls, SD 57108March 03, 2008Full Service Brick and Mortar

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