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

This bank is inactive as of October 01, 2004

  • State Bank of Hudson in Hudson, South Dakota (SD)
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State Bank of Hudson - Overview

  • General
  • FDIC Certificate #: 17148
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank (#34384)
    Federal Reserve ID: 470256
    Date Established: September 02, 1952
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11186
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 02, 1952
    Last Structure Change Effective Date: October 01, 2004
    Last Structure Change Process Date: October 07, 2004
    Last Data Update: October 07, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Hudson, SD 57034
    County: Lincoln
    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
    Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • Financial Summary
  • Total assets: $18.8 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, 2003)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $19,614Total assets
  • $4,217Cash and due from depository institutions
  • $2,230Interest-bearing balances
  • $0Securities
  • $2,100Federal funds sold & reverse repurchase agreements
  • $13,059Net loans & leases
  • $221Loan loss allowance
  • $0Trading account assets
  • $2Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $236All other assets
  • $19,614Total liabilities and capital
  • $16,781Total liabilities
  • $16,681Total deposits
  • $14,965Interest-bearing deposits
  • $16,681Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $100All other liabilities
  • $2,833Total equity capital
  • $2,833Total bank equity capital
  • $2,833Perpetual preferred stock
  • $0Common stock
  • $53Surplus
  • $997Undivided profits
  • Memoranda
  • $1,783Noncurrent loans and leases
  • $4,891Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $25Earning assets
  • $0Long-term assets (5+ years)
  • $230Average Assets, year-to-date
  • $17,389Average Assets, quarterly
  • $61Volatile liabilities
  • $18,956Insider loans
  • $19,675FHLB advances
  • $1,247Loans and leases held for sale
  • $427Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,891Total unused commitments
  • $0Restructured Loans and leases
  • $174Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $1,058Total interest income
  • $362Total interest expense
  • $696Net interest income
  • $0Provision for loan and lease losses
  • $21Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17Additional noninterest income
  • $432Total noninterest expense
  • $339Salaries and employee benefits
  • $31Premises and equipment expense
  • $62Additional noninterest expense
  • $285Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $280Income before extraordinary items
  • $0Extraordinary gains - net
  • $280Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $175Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.17%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 1.48%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 10.03%Return on equity (ROE)
  • 3.76%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 47.50%Efficiency ratio
  • 60,251Assets per employee
  • 1.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.50%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 884.00%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 78.29%Net loans and leases to core deposits
  • 84.61%Equity capital to assets
  • 14.44%Core capital (leverage) ratio
  • 13.90%Tier 1 risk-based capital ratio
  • 20.44%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $18,956Average earning assets
  • $2,792Average equity
  • $17,159Average loans

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