Sunrise Bank Dakota in Onida, South Dakota (SD)



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Sunrise Bank Dakota
GeneralFDIC Certificate #: 15847
Status: Active
Federal Reserve ID: 354253
Bank Holding Company (Regulatory Top Holder): Adino Company, The (RSSDID: 1134724, Location: Onida, SD)
Date Established: January 01, 1925
WWW: http://www.mysunrisebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10087
Numeric code: 21
Regulator: FDIC
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: September 08, 1941
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 201 South Main Street, Onida, SD 57564
County: Sully
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $43.4 mil
Equity capital: $5.2 mil
Deposits held in domestic offices: $37.9 mil
Return on assets (ROA): 1.74% ($0.7 mil)
Quarterly return on assets: 2.16% ($0.9 mil)
Return on Equity (ROE): 15.22% ($0.8 mil)
Quarterly return on equity: 18.04% ($0.9 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.82% ($789.4 mil)
Quarterly Pretax return on assets: 2.25% ($975.9 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)9
Total assets$43,374
Cash and due from depository institutions$1,206
Interest-bearing balances$44
Securities$12,643
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$27,316
Loan loss allowance $453
Trading account assets$0
Bank premises and fixed assets$374
Other real estate owned$12
Goodwill and other intangibles$0
All other assets$1,823
Life insurance assets$43,374
Total liabilities and capital$38,138
Total liabilities$37,915
Total deposits$30,195
Interest-bearing deposits$37,915
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $223
All other liabilities $5,236
Total equity capital$5,236
Total bank equity capital$5,236
Perpetual preferred stock$0
Common stock$200
Surplus$2,000
Undivided profits $3,036
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 $18
Earning assets $0
Long-term assets (5+ years) $714
Average Assets, year-to-date $40,003
Average Assets, quarterly $4,161
Volatile liabilities $42,737
Insider loans $43,183
FHLB advances $28,322
Loans and leases held for sale $43,599
Unused loan commitments $781
Tier 1 (core) risk-based capital $658
Tier 2 risk-based capital $4,815
Total risk weighted assets $0
Total unused commitments $123
Restructured Loans and leases $7,096
Derivatives$683
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,119
Total interest expense $401
Net interest income $1,718
Provision for loan and lease losses $24
Total noninterest income $136
Fiduciary activities $0
Service charges on deposit accounts $72
Trading account gains & fees $0
Additional noninterest income $64
Total noninterest expense $1,053
Salaries and employee benefits $593
Premises and equipment expense $180
Additional noninterest expense $280
Pre-tax net operating income $777
Securities gains (losses) $0
Applicable income taxes $32
Income before extraordinary items $745
Extraordinary gains - net $0
Net income attributable to bank $745
Net charge-offs $0
Cash dividends $745
Sale, conversion, retirement of capital stock, net $7
Net operating income $235
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.66%
Cost of funding earning assets 1.07%
Net interest margin 4.59%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 2.81%
Net operating income to assets 1.74%
Return on assets (ROA) 1.74%
Pretax return on assets 1.82%
Return on equity (ROE) 15.22%
Retained earnings to average equity (YTD only) 10.42%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 342.86%
Efficiency ratio114.43%
Assets per employee$56,796
Cash dividends to net income (YTD only)4.82%
Condition Ratios (%)
Loss allowance to loans 31.54%
Loss allowance to noncurrent loans 1.63%
Noncurrent assets plus other real estate owned to assets 2516.67%
Noncurrent loans to loans 0.07%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 72.05%
Equity capital to assets 75.41%
Core capital (leverage) ratio 12.07%
Tier 1 risk-based capital ratio 11.04%
Total risk-based capital ratio 17.00%
Memoranda
Average assets$18
Average earning assets$42,737
Average equity $4,896
Average loans $37,462
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010087Sunrise Bank Dakota201 South Main Street, Onida, SD 57564January 01, 1925Full Service Brick and Mortar
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