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
No
ID
Name
Address
Established
Service Type
Map
0
759
State Bank Of Alcester
190 Iowa St, Alcester, SD 57001
December 20, 1890
Full Service Brick and Mortar
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