FDIC Certificate #: 34350 Status: Inactive Federal Reserve ID: 2533557 Date Established: Febuary 03, 1997 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 #: 57109 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: Febuary 03, 1997 Last Structure Change Effective Date: January 29, 2001 Last Structure Change Process Date: April 12, 2001 Last Data Update: April 12, 2001 Data Source Date: April 05, 2012
Location
Address: 2200 East Benson Road, Sioux Falls, SD 57104 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
Other Liquidations and Closings
Financial Summary
Total assets: $26.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
1Total employees (full-time equivalent)
$26,312Total assets
$774Cash and due from depository institutions
$0Interest-bearing balances
$20,321Securities
$5,000Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$217All other assets
$26,312Total liabilities and capital
$8,612Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$8,612All other liabilities
$17,700Total equity capital
$17,700Total bank equity capital
$17,700Perpetual preferred stock
$0Common stock
$11,435Surplus
$181,439Undivided profits
Memoranda
$-175,174Noncurrent loans and leases
$0Noncurrent 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)
$0Average Assets, year-to-date
$25,321Average Assets, quarterly
$0Volatile liabilities
$208,320Insider loans
$69,137FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$98,736Total interest income
$10,647Total interest expense
$88,089Net interest income
$154,437Provision for loan and lease losses
$13,797Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$13,797Additional noninterest income
$21,010Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$21,010Additional noninterest expense
-$73,561Pre-tax net operating income
-$5,425Securities gains (losses)
$265Applicable income taxes
-$79,251Income before extraordinary items
$0Extraordinary gains - net
-$79,251Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$152,034Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
53.65%Yield on earning assets
5.79%Cost of funding earning assets
47.87%Net interest margin
7.50%Noninterest income to earning assets
11.42%Noninterest expense to earning assets
-35.44%Net operating income to assets
-38.04%Return on assets (ROA)
-37.92%Pretax return on assets
-1129.06%Return on equity (ROE)
-1129.06%Retained earnings to average equity (YTD only)
117.07%Net charge-offs to loans
101.58%Credit loss provision to net charge-offs
0.53%Efficiency ratio
20,621Assets per employee
26.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
67.27%Core capital (leverage) ratio
34.68%Tier 1 risk-based capital ratio
1046.52%Total risk-based capital ratio
Memoranda
$1,047Average assets
$208,320Average earning assets
$7,019Average equity
$184,033Average loans
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