The First Western Bank Custer in Custer, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 29, 2006

  • The First Western Bank Custer in Custer, South Dakota (SD)
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The First Western Bank Custer - Overview

  • General
  • FDIC Certificate #: 1685
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Western Bank (#488)
    Federal Reserve ID: 343556
    Date Established: January 01, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 15550
    FDIC's unique #: 1108
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 29, 2006
    Last Structure Change Process Date: October 19, 2006
    Last Data Update: October 19, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 648 Mt. Rushmore Road, Custer, SD 57730
    County: Custer
    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: $100.8 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, 2005)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $96,556Total assets
  • $4,246Cash and due from depository institutions
  • $83Interest-bearing balances
  • $18,620Securities
  • $3,700Federal funds sold & reverse repurchase agreements
  • $66,972Net loans & leases
  • $993Loan loss allowance
  • $0Trading account assets
  • $1,750Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,268All other assets
  • $96,556Total liabilities and capital
  • $87,484Total liabilities
  • $86,030Total deposits
  • $70,839Interest-bearing deposits
  • $86,030Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,204Other borrowed funds
  • $0Subordinated debt
  • $250All other liabilities
  • $9,072Total equity capital
  • $9,072Total bank equity capital
  • $9,072Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $6,200Undivided profits
  • Memoranda
  • $2,672Noncurrent loans and leases
  • $12,266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $374Earning assets
  • $0Long-term assets (5+ years)
  • $902Average Assets, year-to-date
  • $89,375Average Assets, quarterly
  • $8,946Volatile liabilities
  • $98,465Insider loans
  • $97,113FHLB advances
  • $9,790Loans and leases held for sale
  • $2,408Unused loan commitments
  • $1,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $253Total risk weighted assets
  • $12,266Total unused commitments
  • $0Restructured Loans and leases
  • $937Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $5,614Total interest income
  • $1,867Total interest expense
  • $3,747Net interest income
  • $0Provision for loan and lease losses
  • $418Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • $201Additional noninterest income
  • $2,143Total noninterest expense
  • $909Salaries and employee benefits
  • $300Premises and equipment expense
  • $934Additional noninterest expense
  • $2,022Pre-tax net operating income
  • $1Securities gains (losses)
  • $87Applicable income taxes
  • $1,936Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,936Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$15Sale, conversion, retirement of capital stock, net
  • $2,090Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 2.04%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.35%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 1.97%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 20.90%Return on equity (ROE)
  • -1.66%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 51,453Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.95%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 265.51%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 77.85%Net loans and leases to core deposits
  • 86.48%Equity capital to assets
  • 9.40%Core capital (leverage) ratio
  • 9.53%Tier 1 risk-based capital ratio
  • 12.28%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $98,465Average earning assets
  • $9,265Average equity
  • $91,359Average loans

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