Valley Exchange Bank in Lennox, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Valley Exchange Bank - Overview

  • General
  • FDIC Certificate #: 9947
    Status: Active
    Federal Reserve ID: 300157
    Bank Holding Company (Regulatory Top Holder): Lincoln Investment Company (RSSDID: 1122468, Location: Lennox, SD)
    Date Established: January 01, 1883
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6357
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 214 S Main St., Lennox, SD 57039
    County: Lincoln
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $62.9 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $55.1 mil
    Return on assets (ROA): 0.21% ($0.1 mil)
    Quarterly return on assets: 0.16% ($0.1 mil)
    Return on Equity (ROE): 1.68% ($0.1 mil)
    Quarterly return on equity: 1.29% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.27% ($169.9 mil)
    Quarterly Pretax return on assets: 0.33% ($207.7 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
  • 20Total employees (full-time equivalent)
  • $62,936Total assets
  • $12,901Cash and due from depository institutions
  • $11,077Interest-bearing balances
  • $10,903Securities
  • $7,385Federal funds sold & reverse repurchase agreements
  • $30,661Net loans & leases
  • $595Loan loss allowance
  • $0Trading account assets
  • $80Bank premises and fixed assets
  • $249Other real estate owned
  • $0Goodwill and other intangibles
  • $62,936Life insurance assets
  • $757All other assets
  • $55,264Total liabilities and capital
  • $55,140Total liabilities
  • $45,469Total deposits
  • $55,140Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22Trading liabilities
  • $0Other borrowed funds
  • $102Subordinated debt
  • $7,672All other liabilities
  • $7,672Total equity capital
  • $7,672Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $400Surplus
  • $7,172Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $111Income earned, not collected on loans
  • $0Earning assets
  • $505Long-term assets (5+ years)
  • $60,026Average Assets, year-to-date
  • $452Average Assets, quarterly
  • $62,091Volatile liabilities
  • $62,354Insider loans
  • $32,561FHLB advances
  • $63,911Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,671Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,516Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,888Total interest income
  • $414Total interest expense
  • $1,474Net interest income
  • $0Provision for loan and lease losses
  • $258Total noninterest income
  • $0Fiduciary activities
  • $174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $84Additional noninterest income
  • $1,563Total noninterest expense
  • $913Salaries and employee benefits
  • $147Premises and equipment expense
  • $503Additional noninterest expense
  • $169Pre-tax net operating income
  • $0Securities gains (losses)
  • $38Applicable income taxes
  • $131Income before extraordinary items
  • $0Extraordinary gains - net
  • $131Net income attributable to bank
  • $0Net charge-offs
  • $131Cash dividends
  • -$250Sale, conversion, retirement of capital stock, net
  • $420Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.20%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 2.50%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 1.68%Return on equity (ROE)
  • -3.70%Retained earnings to average equity (YTD only)
  • -0.79%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,242Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 320.61%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 536.04%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 55.61%Net loans and leases to core deposits
  • 55.61%Equity capital to assets
  • 12.19%Core capital (leverage) ratio
  • 12.00%Tier 1 risk-based capital ratio
  • 23.56%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $62,091Average earning assets
  • $7,820Average equity
  • $59,050Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06357Valley Exchange Bank214 S Main St., Lennox, SD 57039January 01, 1883Full Service Brick and Mortar
    1221596Tea BranchMain Street, Tea, SD 57064August 09, 1975Full Service Brick and Mortar

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