State Bank of Alcester in Alcester, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


State Bank of Alcester - Overview

  • General
  • FDIC Certificate #: 1116
    Status: Active
    Federal Reserve ID: 271154
    Bank Holding Company (Regulatory Top Holder): First State Banking Corporation (RSSDID: 1123737, Location: Alcester, SD)
    Date Established: December 20, 1890
    WWW: http://www.statebankofalcester.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10630
    FDIC's unique #: 759
    Numeric code: 13
    Regulator: FED
    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: November 26, 2008
    Last Structure Change Process Date: December 04, 2008
    Last Data Update: December 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 190 Iowa St, Alcester, SD 57001
    County: Union
    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
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $107.0 mil
    Equity capital: $9.1 mil
    Deposits held in domestic offices: $75.2 mil
    Return on assets (ROA): 0.89% ($1.0 mil)
    Quarterly return on assets: 1.05% ($1.1 mil)
    Return on Equity (ROE): 10.41% ($0.9 mil)
    Quarterly return on equity: 12.11% ($1.1 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.94% ($1,005.7 mil)
    Quarterly Pretax return on assets: 1.11% ($1,187.6 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
  • 24Total employees (full-time equivalent)
  • $106,990Total assets
  • $2,346Cash and due from depository institutions
  • $1,121Interest-bearing balances
  • $20,487Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,397Net loans & leases
  • $706Loan loss allowance
  • $0Trading account assets
  • $980Bank premises and fixed assets
  • $239Other real estate owned
  • $0Goodwill and other intangibles
  • $106,990Life insurance assets
  • $2,541All other assets
  • $97,848Total liabilities and capital
  • $75,188Total liabilities
  • $65,653Total deposits
  • $75,188Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 4010.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,340Trading liabilities
  • $0Other borrowed funds
  • $310Subordinated debt
  • $9,142All other liabilities
  • $9,142Total equity capital
  • $9,142Total bank equity capital
  • $0Perpetual preferred stock
  • $1,329Common stock
  • $2,500Surplus
  • $5,313Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $74Income earned, not collected on loans
  • $0Earning assets
  • $1,190Long-term assets (5+ years)
  • $102,005Average Assets, year-to-date
  • $28,319Average Assets, quarterly
  • $103,109Volatile liabilities
  • $104,522Insider loans
  • $77,717FHLB advances
  • $102,928Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,645Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,135Restructured Loans and leases
  • $3,832Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,842Total interest income
  • $1,446Total interest expense
  • $3,396Net interest income
  • $75Provision for loan and lease losses
  • $393Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • $175Additional noninterest income
  • $2,744Total noninterest expense
  • $1,668Salaries and employee benefits
  • $158Premises and equipment expense
  • $918Additional noninterest expense
  • $970Pre-tax net operating income
  • $0Securities gains (losses)
  • $48Applicable income taxes
  • $922Income before extraordinary items
  • $0Extraordinary gains - net
  • $922Net income attributable to bank
  • $0Net charge-offs
  • $922Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 10.41%Return on equity (ROE)
  • 4.76%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 115.38%Credit loss provision to net charge-offs
  • 16.08%Efficiency ratio
  • 72,420Assets per employee
  • 4.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.23%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 954.05%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 106.93%Net loans and leases to core deposits
  • 106.93%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 11.12%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $103,109Average earning assets
  • $8,856Average equity
  • $98,284Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0759State Bank Of Alcester190 Iowa St, Alcester, SD 57001December 20, 1890Full Service Brick and Mortar

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