The McCook County National Bank of Salem in Salem, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

  • The McCook County National Bank of Salem in Salem, South Dakota (SD)
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The McCook County National Bank of Salem - Overview

  • General
  • FDIC Certificate #: 4013
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Dakota National Bank (#4028)
    Federal Reserve ID: 190152
    Date Established: July 09, 1925
    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 #: 2599
    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: April 01, 1993
    Last Structure Change Process Date: April 13, 1993
    Last Data Update: April 13, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 North Main Street, Salem, SD 57058
    County: Mccook
    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
    Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • Financial Summary
  • Total assets: $41.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $45,207Cash and due from depository institutions
  • $6,023Interest-bearing balances
  • $3,659Securities
  • $14,266Federal funds sold & reverse repurchase agreements
  • $2,700Net loans & leases
  • $19,331Loan loss allowance
  • $865Trading account assets
  • $0Bank premises and fixed assets
  • $663Other real estate owned
  • $0Goodwill and other intangibles
  • $1,606Life insurance assets
  • $618All other assets
  • $0Total liabilities and capital
  • $45,207Total liabilities
  • $41,085Total deposits
  • $40,218Interest-bearing deposits
  • $36,801Deposits held in domestic offices
  • 40218.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $867Total equity capital
  • $867Total bank equity capital
  • $4,122Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $3,212Undivided profits
  • Memoranda
  • $-90Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $43Income earned, not collected on loans
  • $455Earning assets
  • $39,956Long-term assets (5+ years)
  • $7,246Average Assets, year-to-date
  • $43,461Average Assets, quarterly
  • $43,882Volatile liabilities
  • $2,837Insider loans
  • $41FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,990Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,504Total risk weighted assets
  • $27,850Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,492Total interest expense
  • $1,782Net interest income
  • $1,710Provision for loan and lease losses
  • $200Total noninterest income
  • $170Fiduciary activities
  • $0Service charges on deposit accounts
  • $73Trading account gains & fees
  • $0Additional noninterest income
  • $97Total noninterest expense
  • $1,081Salaries and employee benefits
  • $454Premises and equipment expense
  • $98Additional noninterest expense
  • $529Pre-tax net operating income
  • $599Securities gains (losses)
  • $16Applicable income taxes
  • $197Income before extraordinary items
  • $418Extraordinary gains - net
  • $0Net income attributable to bank
  • $418Net charge-offs
  • -$109Cash dividends
  • $2,525Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.79%Cost of funding earning assets
  • 4.48%Net interest margin
  • 4.30%Noninterest income to earning assets
  • 0.43%Noninterest expense to earning assets
  • 2.72%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 1.42%Return on equity (ROE)
  • 8.52%Retained earnings to average equity (YTD only)
  • -42.96%Net charge-offs to loans
  • -0.51%Credit loss provision to net charge-offs
  • -183.49%Efficiency ratio
  • 57,500Assets per employee
  • 3.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 604.07%Loss allowance to loans
  • 4.28%Loss allowance to noncurrent loans
  • 2011.63%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 48.07%Net loans and leases to core deposits
  • 51.71%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 12.58%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $43,461Average earning assets
  • $4,905Average equity
  • $39,741Average loans

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