State Bank of Alcester in Alcester, South Dakota (SD)

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State Bank of Alcester
GeneralFDIC 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
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)24
Total assets$106,990
Cash and due from depository institutions$2,346
Interest-bearing balances$1,121
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$80,397
Loan loss allowance $706
Trading account assets$0
Bank premises and fixed assets$980
Other real estate owned$239
Goodwill and other intangibles$0
All other assets$2,541
Life insurance assets$106,990
Total liabilities and capital$97,848
Total liabilities$75,188
Total deposits$65,653
Interest-bearing deposits$75,188
Deposits held in domestic offices$94
% insured (estimated)4010.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$18,340
Other borrowed funds $0
Subordinated debt $310
All other liabilities $9,142
Total equity capital$9,142
Total bank equity capital$9,142
Perpetual preferred stock$0
Common stock$1,329
Undivided profits $5,313
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 $74
Earning assets $0
Long-term assets (5+ years) $1,190
Average Assets, year-to-date $102,005
Average Assets, quarterly $28,319
Volatile liabilities $103,109
Insider loans $104,522
FHLB advances $77,717
Loans and leases held for sale $102,928
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,645
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,135
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,842
Total interest expense $1,446
Net interest income $3,396
Provision for loan and lease losses $75
Total noninterest income $393
Fiduciary activities $0
Service charges on deposit accounts $218
Trading account gains & fees $0
Additional noninterest income $175
Total noninterest expense $2,744
Salaries and employee benefits $1,668
Premises and equipment expense $158
Additional noninterest expense $918
Pre-tax net operating income $970
Securities gains (losses) $0
Applicable income taxes $48
Income before extraordinary items $922
Extraordinary gains - net $0
Net income attributable to bank $922
Net charge-offs $0
Cash dividends $922
Sale, conversion, retirement of capital stock, net $65
Net operating income $500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.93%
Cost of funding earning assets 1.47%
Net interest margin 3.46%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 2.79%
Net operating income to assets 0.89%
Return on assets (ROA) 0.89%
Pretax return on assets 0.94%
Return on equity (ROE) 10.41%
Retained earnings to average equity (YTD only) 4.76%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 115.38%
Efficiency ratio16.08%
Assets per employee$72,420
Cash dividends to net income (YTD only)4.46%
Condition Ratios (%)
Loss allowance to loans 54.23%
Loss allowance to noncurrent loans 0.87%
Noncurrent assets plus other real estate owned to assets 954.05%
Noncurrent loans to loans 0.29%
Net loans and leases to deposits0.09%
Net loans and leases to core deposits 106.93%
Equity capital to assets 106.93%
Core capital (leverage) ratio 8.54%
Tier 1 risk-based capital ratio 8.40%
Total risk-based capital ratio 11.12%
Average assets$12
Average earning assets$103,109
Average equity $8,856
Average loans $98,284
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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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