Western Dakota Bank in Timber Lake, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

Western Dakota Bank - Overview

  • General
  • FDIC Certificate #: 492
    Status: Active
    Federal Reserve ID: 128258
    Bank Holding Company (Regulatory Top Holder): Western Dakota Holding Company (RSSDID: 2351359, Location: Timber Lake, SD)
    Date Established: January 01, 1919
    WWW: http://www.westerndakotabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 354
    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: Yes
    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: Main Street, Timber Lake, SD 57656
    County: Dewey
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $30.5 mil
    Equity capital: $2.4 mil
    Deposits held in domestic offices: $28.1 mil
    Return on assets (ROA): 0.26% ($0.1 mil)
    Quarterly return on assets: -0.08% (-$0.0 mil)
    Return on Equity (ROE): 3.21% ($0.1 mil)
    Quarterly return on equity: -0.98% (-$0.0 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.31% ($94.7 mil)
    Quarterly Pretax return on assets: -0.04% (-$12.2 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
  • 12Total employees (full-time equivalent)
  • $30,546Total assets
  • $20,120Cash and due from depository institutions
  • $7,176Interest-bearing balances
  • $1,930Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,578Net loans & leases
  • $106Loan loss allowance
  • $0Trading account assets
  • $410Bank premises and fixed assets
  • $0Other real estate owned
  • $265Goodwill and other intangibles
  • $30,546Life insurance assets
  • $243All other assets
  • $28,108Total liabilities and capital
  • $28,054Total liabilities
  • $16,520Total deposits
  • $28,054Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $54Subordinated debt
  • $2,438All other liabilities
  • $2,438Total equity capital
  • $2,438Total bank equity capital
  • $0Perpetual preferred stock
  • $261Common stock
  • $2,753Surplus
  • $-576Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $73Income earned, not collected on loans
  • $0Earning assets
  • $178Long-term assets (5+ years)
  • $16,684Average Assets, year-to-date
  • $2,292Average Assets, quarterly
  • $28,748Volatile liabilities
  • $29,689Insider loans
  • $12,074FHLB advances
  • $29,963Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,087Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,493Restructured Loans and leases
  • $1,241Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,131Total interest income
  • $145Total interest expense
  • $986Net interest income
  • $29Provision for loan and lease losses
  • $312Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $312Additional noninterest income
  • $1,179Total noninterest expense
  • $569Salaries and employee benefits
  • $77Premises and equipment expense
  • $533Additional noninterest expense
  • $90Pre-tax net operating income
  • $0Securities gains (losses)
  • $14Applicable income taxes
  • $76Income before extraordinary items
  • $0Extraordinary gains - net
  • $76Net income attributable to bank
  • $0Net charge-offs
  • $76Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.29%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 5.49%Net interest margin
  • 1.74%Noninterest income to earning assets
  • 6.56%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 3.21%Return on equity (ROE)
  • 3.21%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 103.57%Credit loss provision to net charge-offs
  • 4.25%Efficiency ratio
  • 83,205Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 145.21%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 27.01%Net loans and leases to core deposits
  • 29.04%Equity capital to assets
  • 7.98%Core capital (leverage) ratio
  • 6.97%Tier 1 risk-based capital ratio
  • 17.29%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $28,748Average earning assets
  • $2,370Average equity
  • $17,973Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0354Western Dakota BankMain Street, Timber Lake, SD 57656January 01, 1919Full Service Brick and Mortar
    1181720Isabel Branch200 Main Street, Isabel, SD 57633January 28, 1963Full Service Brick and Mortar
    2493028Eagle Butte BranchHighway 212, Eagle Butte, SD 57625August 18, 2008Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Western Dakota Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents