Western Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 1995

  • Western Bank in Sioux Falls, South Dakota (SD)
  • Show street view No street view available for this location

Western Bank - Overview

  • General
  • FDIC Certificate #: 18122
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank of South Dakota (National Association) (#4017)
    Federal Reserve ID: 432656
    Date Established: November 30, 1959
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Interstate: No)
    OTS Docket #: 11647
    FDIC's unique #: 12044
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 30, 1959
    Last Structure Change Effective Date: June 17, 1995
    Last Structure Change Process Date: July 10, 1995
    Last Data Update: July 10, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Phillips Avenue, Sioux Falls, SD 57102
    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)
  • Financial Summary
  • Total assets: $353.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $193Total assets
  • $319,034Cash and due from depository institutions
  • $20,805Interest-bearing balances
  • $0Securities
  • $46,994Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $232,910Loan loss allowance
  • $1,736Trading account assets
  • $996Bank premises and fixed assets
  • $6,985Other real estate owned
  • $1,022Goodwill and other intangibles
  • $8,901Life insurance assets
  • $421All other assets
  • $0Total liabilities and capital
  • $319,034Total liabilities
  • $293,135Total deposits
  • $266,128Interest-bearing deposits
  • $219,974Deposits held in domestic offices
  • 266128.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $7,170Trading liabilities
  • $0Other borrowed funds
  • $17,266Subordinated debt
  • $0All other liabilities
  • $2,571Total equity capital
  • $2,571Total bank equity capital
  • $25,899Perpetual preferred stock
  • $0Common stock
  • $9,500Surplus
  • $1,900Undivided profits
  • Memoranda
  • $14,499Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,795Income earned, not collected on loans
  • $2,490Earning assets
  • $280,900Long-term assets (5+ years)
  • $25,177Average Assets, year-to-date
  • $320,725Average Assets, quarterly
  • $322,054Volatile liabilities
  • $30,868Insider loans
  • $435FHLB advances
  • $0Loans and leases held for sale
  • $3,995Unused loan commitments
  • $32,319Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,561Total risk weighted assets
  • $251,176Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,155Total interest expense
  • $9,008Net interest income
  • $15,147Provision for loan and lease losses
  • $183Total noninterest income
  • $3,435Fiduciary activities
  • $413Service charges on deposit accounts
  • $2,256Trading account gains & fees
  • -$1,934Additional noninterest income
  • $2,700Total noninterest expense
  • $13,677Salaries and employee benefits
  • $7,794Premises and equipment expense
  • $1,632Additional noninterest expense
  • $4,251Pre-tax net operating income
  • $4,722Securities gains (losses)
  • -$1,104Applicable income taxes
  • $1,348Income before extraordinary items
  • $2,270Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,270Net charge-offs
  • $611Cash dividends
  • $2,475Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.40%Cost of funding earning assets
  • 3.13%Net interest margin
  • 5.27%Noninterest income to earning assets
  • 1.20%Noninterest expense to earning assets
  • 4.76%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 8.82%Retained earnings to average equity (YTD only)
  • -0.80%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 29.95%Efficiency ratio
  • 72,963Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 109.03%Loss allowance to loans
  • 0.74%Loss allowance to noncurrent loans
  • 96.71%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 87.52%Net loans and leases to core deposits
  • 94.78%Equity capital to assets
  • 8.12%Core capital (leverage) ratio
  • 7.83%Tier 1 risk-based capital ratio
  • 10.18%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $320,725Average earning assets
  • $25,726Average equity
  • $287,429Average loans

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