Quoin Financial Bank in Miller, South Dakota (SD)

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Quoin Financial Bank
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)33
Total assets$130,688
Cash and due from depository institutions$8,856
Interest-bearing balances$3,826
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$86,626
Loan loss allowance $1,134
Trading account assets$0
Bank premises and fixed assets$2,005
Other real estate owned$3,005
Goodwill and other intangibles$0
All other assets$5,473
Life insurance assets$130,688
Total liabilities and capital$117,198
Total liabilities$115,064
Total deposits$93,403
Interest-bearing deposits$115,064
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,308
Other borrowed funds $0
Subordinated debt $826
All other liabilities $13,490
Total equity capital$13,490
Total bank equity capital$13,490
Perpetual preferred stock$0
Common stock$450
Undivided profits $5,737
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 $2,543
Earning assets $0
Long-term assets (5+ years) $1,157
Average Assets, year-to-date $115,175
Average Assets, quarterly $21,349
Volatile liabilities $125,246
Insider loans $127,226
FHLB advances $101,330
Loans and leases held for sale $128,518
Unused loan commitments $2,939
Tier 1 (core) risk-based capital $2,939
Tier 2 risk-based capital $12,522
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,272
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,468
Total interest expense $1,260
Net interest income $5,208
Provision for loan and lease losses $775
Total noninterest income $263
Fiduciary activities $0
Service charges on deposit accounts $185
Trading account gains & fees $0
Additional noninterest income $78
Total noninterest expense $3,693
Salaries and employee benefits $2,150
Premises and equipment expense $480
Additional noninterest expense $1,063
Pre-tax net operating income $1,003
Securities gains (losses) $138
Applicable income taxes $272
Income before extraordinary items $869
Extraordinary gains - net $0
Net income attributable to bank $869
Net charge-offs $0
Cash dividends $869
Sale, conversion, retirement of capital stock, net $668
Net operating income $200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.80%
Cost of funding earning assets 1.13%
Net interest margin 4.67%
Noninterest income to earning assets 0.24%
Noninterest expense to earning assets 3.31%
Net operating income to assets 0.61%
Return on assets (ROA) 0.69%
Pretax return on assets 0.91%
Return on equity (ROE) 6.61%
Retained earnings to average equity (YTD only) 5.09%
Net charge-offs to loans 0.77%
Credit loss provision to net charge-offs 116.02%
Efficiency ratio2.66%
Assets per employee$67,501
Cash dividends to net income (YTD only)3.96%
Condition Ratios (%)
Loss allowance to loans 23.01%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 44.59%
Noncurrent loans to loans 4.25%
Net loans and leases to deposits2.90%
Net loans and leases to core deposits 75.29%
Equity capital to assets 84.09%
Core capital (leverage) ratio 10.32%
Tier 1 risk-based capital ratio 9.74%
Total risk-based capital ratio 12.36%
Average assets$13
Average earning assets$125,246
Average equity $13,143
Average loans $111,541
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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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