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
    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

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

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. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents