Bank of South Dakota in Watertown, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1997

Bank of South Dakota in Watertown, South Dakota (SD)
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Bank of South Dakota - Overview

General
FDIC Certificate #: 29285
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Marquette Bank South Dakota, National Association (#6079)
Federal Reserve ID: 237972
Date Established: December 24, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 3224
FDIC's unique #: 42119
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 24, 1934
Last Structure Change Effective Date: November 01, 1997
Last Structure Change Process Date: November 14, 1997
Last Data Update: November 14, 1997
Data Source Date: April 05, 2012
Location
Address: 109 First Avenue Southeast, Watertown, SD 57201
County: Codington
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
Core Based Statistical Area (CBSA): Watertown, SD (#47980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $117.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$58Total assets
$116,417Cash and due from depository institutions
$3,507Interest-bearing balances
$1,208Securities
$29,389Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$77,598Loan loss allowance
$1,554Trading account assets
$0Bank premises and fixed assets
$2,932Other real estate owned
$34Goodwill and other intangibles
$1,175Life insurance assets
$1,782All other assets
$0Total liabilities and capital
$116,417Total liabilities
$105,073Total deposits
$100,962Interest-bearing deposits
$96,930Deposits held in domestic offices
100962.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,263Subordinated debt
$0All other liabilities
$2,848Total equity capital
$2,848Total bank equity capital
$11,344Perpetual preferred stock
$0Common stock
$500Surplus
$10,900Undivided profits
Memoranda
$-56Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$449Income earned, not collected on loans
$580Earning assets
$108,195Long-term assets (5+ years)
$30,133Average Assets, year-to-date
$118,774Average Assets, quarterly
$117,791Volatile liabilities
$8,193Insider loans
$1,305FHLB advances
$0Loans and leases held for sale
$357Unused loan commitments
$3,999Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,615Total risk weighted assets
$77,919Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,905Total interest expense
$4,914Net interest income
$3,991Provision for loan and lease losses
-$591Total noninterest income
$1,099Fiduciary activities
$0Service charges on deposit accounts
$439Trading account gains & fees
$0Additional noninterest income
$660Total noninterest expense
$5,611Salaries and employee benefits
$2,371Premises and equipment expense
$565Additional noninterest expense
$2,675Pre-tax net operating income
$70Securities gains (losses)
$4Applicable income taxes
-$21Income before extraordinary items
$95Extraordinary gains - net
$0Net income attributable to bank
$95Net charge-offs
-$213Cash dividends
$250Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.06%Cost of funding earning assets
4.45%Net interest margin
3.61%Noninterest income to earning assets
1.00%Noninterest expense to earning assets
5.08%Net operating income to assets
0.08%Return on assets (ROA)
0.08%Pretax return on assets
0.06%Return on equity (ROE)
0.84%Retained earnings to average equity (YTD only)
-1.37%Net charge-offs to loans
-0.26%Credit loss provision to net charge-offs
277.46%Efficiency ratio
104,912Assets per employee
2.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
263.16%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
346.10%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.57%Net loans and leases to deposits
76.86%Net loans and leases to core deposits
83.65%Equity capital to assets
9.74%Core capital (leverage) ratio
8.22%Tier 1 risk-based capital ratio
12.34%Total risk-based capital ratio
Memoranda
$14Average assets
$118,774Average earning assets
$11,346Average equity
$110,437Average loans

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