The First National Bank of Freeman in Freeman, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 22, 2000

  • The First National Bank of Freeman in Freeman, South Dakota (SD)
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The First National Bank of Freeman - Overview

  • General
  • FDIC Certificate #: 3986
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CorTrust Bank National Association (#6063)
    Federal Reserve ID: 405753
    Date Established: May 02, 1902
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 2591
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 22, 2000
    Last Structure Change Process Date: October 20, 2000
    Last Data Update: October 20, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 174 East Fourth Street, Freeman, SD 57029
    County: Hutchinson
    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
  • Financial Summary
  • Total assets: $48.1 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $54,218Total assets
  • $3,951Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,459Securities
  • $9,341Federal funds sold & reverse repurchase agreements
  • $19,100Net loans & leases
  • $1,140Loan loss allowance
  • $0Trading account assets
  • $221Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,146All other assets
  • $54,218Total liabilities and capital
  • $49,710Total liabilities
  • $49,281Total deposits
  • $43,766Interest-bearing deposits
  • $49,281Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $139Other borrowed funds
  • $0Subordinated debt
  • $290All other liabilities
  • $4,508Total equity capital
  • $4,508Total bank equity capital
  • $4,508Perpetual preferred stock
  • $0Common stock
  • $56Surplus
  • $224Undivided profits
  • Memoranda
  • $4,228Noncurrent loans and leases
  • $3,242Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $174Earning assets
  • $0Long-term assets (5+ years)
  • $433Average Assets, year-to-date
  • $48,900Average Assets, quarterly
  • $8,929Volatile liabilities
  • $54,405Insider loans
  • $54,099FHLB advances
  • $3,749Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,242Total unused commitments
  • $0Restructured Loans and leases
  • $325Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $3,594Total interest income
  • $2,359Total interest expense
  • $1,235Net interest income
  • $980Provision for loan and lease losses
  • $85Total noninterest income
  • $0Fiduciary activities
  • $61Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24Additional noninterest income
  • $951Total noninterest expense
  • $571Salaries and employee benefits
  • $62Premises and equipment expense
  • $318Additional noninterest expense
  • -$612Pre-tax net operating income
  • $0Securities gains (losses)
  • -$283Applicable income taxes
  • -$328Income before extraordinary items
  • $0Extraordinary gains - net
  • -$328Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $78Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.21%Yield on earning assets
  • 4.73%Cost of funding earning assets
  • 2.48%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.91%Noninterest expense to earning assets
  • -0.60%Net operating income to assets
  • -0.60%Return on assets (ROA)
  • -1.12%Pretax return on assets
  • -6.54%Return on equity (ROE)
  • -8.09%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 1484.85%Credit loss provision to net charge-offs
  • 5.66%Efficiency ratio
  • 72,045Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -23.78%Loss allowance to loans
  • 5.63%Loss allowance to noncurrent loans
  • 655.17%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 38.76%Net loans and leases to core deposits
  • 41.82%Equity capital to assets
  • 8.31%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 18.81%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $54,405Average earning assets
  • $5,019Average equity
  • $49,864Average loans

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