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



Show street view No street view available for this location

State Bank of Alcester routing number info

Table of contents:
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
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
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
Securities$20,487
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
Surplus$2,500
Undivided profits $5,313
Memoranda
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
Derivatives$3,832
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$12
Average earning assets$103,109
Average equity $8,856
Average loans $98,284
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with State Bank of Alcester.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.