Western Dakota Bank in Timber Lake, South Dakota (SD)



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Western Dakota Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)12
Total assets$30,546
Cash and due from depository institutions$20,120
Interest-bearing balances$7,176
Securities$1,930
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$7,578
Loan loss allowance $106
Trading account assets$0
Bank premises and fixed assets$410
Other real estate owned$0
Goodwill and other intangibles$265
All other assets$243
Life insurance assets$30,546
Total liabilities and capital$28,108
Total liabilities$28,054
Total deposits$16,520
Interest-bearing deposits$28,054
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $54
All other liabilities $2,438
Total equity capital$2,438
Total bank equity capital$2,438
Perpetual preferred stock$0
Common stock$261
Surplus$2,753
Undivided profits $-576
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $73
Earning assets $0
Long-term assets (5+ years) $178
Average Assets, year-to-date $16,684
Average Assets, quarterly $2,292
Volatile liabilities $28,748
Insider loans $29,689
FHLB advances $12,074
Loans and leases held for sale $29,963
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,087
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,493
Derivatives$1,241
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,131
Total interest expense $145
Net interest income $986
Provision for loan and lease losses $29
Total noninterest income $312
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $312
Total noninterest expense $1,179
Salaries and employee benefits $569
Premises and equipment expense $77
Additional noninterest expense $533
Pre-tax net operating income $90
Securities gains (losses) $0
Applicable income taxes $14
Income before extraordinary items $76
Extraordinary gains - net $0
Net income attributable to bank $76
Net charge-offs $0
Cash dividends $76
Sale, conversion, retirement of capital stock, net $28
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.29%
Cost of funding earning assets 0.81%
Net interest margin 5.49%
Noninterest income to earning assets 1.74%
Noninterest expense to earning assets 6.56%
Net operating income to assets 0.26%
Return on assets (ROA) 0.26%
Pretax return on assets 0.31%
Return on equity (ROE) 3.21%
Retained earnings to average equity (YTD only) 3.21%
Net charge-offs to loans 0.34%
Credit loss provision to net charge-offs 103.57%
Efficiency ratio4.25%
Assets per employee$83,205
Cash dividends to net income (YTD only)2.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.38%
Noncurrent assets plus other real estate owned to assets 145.21%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 27.01%
Equity capital to assets 29.04%
Core capital (leverage) ratio 7.98%
Tier 1 risk-based capital ratio 6.97%
Total risk-based capital ratio 17.29%
Memoranda
Average assets$18
Average earning assets$28,748
Average equity $2,370
Average loans $17,973
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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
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