Target National Bank in Sioux Falls, South Dakota (SD)

Show street view No street view available for this location

Target National Bank routing number info

Table of contents:
Target National Bank
GeneralFDIC Certificate #: 33868
Status: Active
Federal Reserve ID: 2142016
Date Established: January 07, 1994
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 48176
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 07, 1994
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: 3901 West 53rd Street, Sioux Falls, SD 57106
County: Minnehaha
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)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $149.3 mil
Equity capital: $55.8 mil
Deposits held in domestic offices: $67.9 mil
Return on assets (ROA): 11.41% ($17.0 mil)
Quarterly return on assets: 11.95% ($17.8 mil)
Return on Equity (ROE): 25.67% ($14.4 mil)
Quarterly return on equity: 28.56% ($16.0 mil)
Net income: $14.2 mil
Quarterly Net income: $4.0 mil
Pretax return on assets: 18.67% ($27,875.6 mil)
Quarterly Pretax return on assets: 19.71% ($29,428.4 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)98
Total assets$149,307
Cash and due from depository institutions$0
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$57,488
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$9,832
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$42,688
Life insurance assets$149,307
Total liabilities and capital$93,549
Total liabilities$67,884
Total deposits$67,884
Interest-bearing deposits$67,884
Deposits held in domestic offices$1
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $25,665
All other liabilities $55,758
Total equity capital$55,758
Total bank equity capital$55,758
Perpetual preferred stock$0
Common stock$2,000
Undivided profits $51,758
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $57,488
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $96,787
Average Assets, quarterly $100
Volatile liabilities $124,248
Insider loans $133,254
FHLB advances $117,800
Loans and leases held for sale $136,024
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $55,758
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $20,214,675
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,043
Total interest expense $244
Net interest income $1,799
Provision for loan and lease losses $0
Total noninterest income $315,877
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $315,877
Total noninterest expense $294,482
Salaries and employee benefits $4,099
Premises and equipment expense $1,596
Additional noninterest expense $288,787
Pre-tax net operating income $23,194
Securities gains (losses) $0
Applicable income taxes $9,017
Income before extraordinary items $14,177
Extraordinary gains - net $0
Net income attributable to bank $14,177
Net charge-offs $0
Cash dividends $14,177
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,000
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 assets2.96%
Cost of funding earning assets 0.35%
Net interest margin 2.61%
Noninterest income to earning assets 457.44%
Noninterest expense to earning assets 426.45%
Net operating income to assets 11.41%
Return on assets (ROA) 11.41%
Pretax return on assets 18.67%
Return on equity (ROE) 25.67%
Retained earnings to average equity (YTD only) 0.32%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$92,699
Cash dividends to net income (YTD only)1.52%
Condition Ratios (%)
Loss allowance to loans 98.75%
Loss allowance to noncurrent loans 0.00%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 84.69%
Equity capital to assets 0.00%
Core capital (leverage) ratio 37.34%
Tier 1 risk-based capital ratio 40.99%
Total risk-based capital ratio 47.33%
Average assets$47
Average earning assets$124,248
Average equity $55,221
Average loans $69,054
Back to page top, Back to table top

1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
048176Target National Bank3901 West 53rd Street, Sioux Falls, SD 57106January 07, 1994Full Service Brick and Mortar
Back to page top

User Contributions:

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 Target National Bank.
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.