Target National Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Target National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 98Total employees (full-time equivalent)
  • $149,307Total assets
  • $0Cash and due from depository institutions
  • $0Interest-bearing balances
  • $39,299Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $57,488Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $9,832Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $149,307Life insurance assets
  • $42,688All other assets
  • $93,549Total liabilities and capital
  • $67,884Total liabilities
  • $67,884Total deposits
  • $67,884Interest-bearing deposits
  • $1Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $25,665Subordinated debt
  • $55,758All other liabilities
  • $55,758Total equity capital
  • $55,758Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $2,000Surplus
  • $51,758Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $57,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $96,787Average Assets, year-to-date
  • $100Average Assets, quarterly
  • $124,248Volatile liabilities
  • $133,254Insider loans
  • $117,800FHLB advances
  • $136,024Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,758Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,214,675Restructured Loans and leases
  • $181Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,043Total interest income
  • $244Total interest expense
  • $1,799Net interest income
  • $0Provision for loan and lease losses
  • $315,877Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $315,877Additional noninterest income
  • $294,482Total noninterest expense
  • $4,099Salaries and employee benefits
  • $1,596Premises and equipment expense
  • $288,787Additional noninterest expense
  • $23,194Pre-tax net operating income
  • $0Securities gains (losses)
  • $9,017Applicable income taxes
  • $14,177Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,177Net income attributable to bank
  • $0Net charge-offs
  • $14,177Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $14,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.96%Yield on earning assets
  • 0.35%Cost of funding earning assets
  • 2.61%Net interest margin
  • 457.44%Noninterest income to earning assets
  • 426.45%Noninterest expense to earning assets
  • 11.41%Net operating income to assets
  • 11.41%Return on assets (ROA)
  • 18.67%Pretax return on assets
  • 25.67%Return on equity (ROE)
  • 0.32%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 92,699Assets per employee
  • 1.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.75%Loss allowance to loans
  • 0.00%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 deposits
  • 84.69%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 37.34%Core capital (leverage) ratio
  • 40.99%Tier 1 risk-based capital ratio
  • 47.33%Total risk-based capital ratio
  • Memoranda
  • $47Average assets
  • $124,248Average earning assets
  • $55,221Average equity
  • $69,054Average loans

List of branches

  • 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

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