BankFirst National Association in Brookings, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 07, 1995

BankFirst National Association in Brookings, South Dakota (SD)
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BankFirst National Association - Overview

General
FDIC Certificate #: 9006
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BANKFIRST (#34103)
Federal Reserve ID: 127756
Date Established: March 28, 1928
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 9484
FDIC's unique #: 5752
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 07, 1995
Last Structure Change Process Date: December 27, 1995
Last Data Update: December 27, 1995
Data Source Date: April 05, 2012
Location
Address: 526 Main, Brookings, SD 57006
County: Brookings
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): Brookings, SD (#15100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $70.2 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)
$39Total assets
$62,366Cash and due from depository institutions
$2,830Interest-bearing balances
$0Securities
$11,047Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$45,767Loan loss allowance
$308Trading account assets
$0Bank premises and fixed assets
$1,239Other real estate owned
$0Goodwill and other intangibles
$1,461Life insurance assets
$22All other assets
$0Total liabilities and capital
$62,366Total liabilities
$56,765Total deposits
$55,529Interest-bearing deposits
$51,349Deposits held in domestic offices
55529.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$625Subordinated debt
$0All other liabilities
$611Total equity capital
$611Total bank equity capital
$5,601Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,000Undivided profits
Memoranda
$3,601Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$854Income earned, not collected on loans
$1,025Earning assets
$56,814Long-term assets (5+ years)
$7,486Average Assets, year-to-date
$61,648Average Assets, quarterly
$62,471Volatile liabilities
$8,746Insider loans
$216FHLB advances
$0Loans and leases held for sale
$6,169Unused loan commitments
$2,831Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,689Total risk weighted assets
$47,959Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,994Total interest expense
$2,161Net interest income
$2,833Provision for loan and lease losses
$45Total noninterest income
$917Fiduciary activities
$0Service charges on deposit accounts
$279Trading account gains & fees
$0Additional noninterest income
$638Total noninterest expense
$2,124Salaries and employee benefits
$1,081Premises and equipment expense
$415Additional noninterest expense
$628Pre-tax net operating income
$1,581Securities gains (losses)
-$136Applicable income taxes
$430Income before extraordinary items
$1,015Extraordinary gains - net
$0Net income attributable to bank
$1,015Net charge-offs
-$26Cash dividends
$0Sale, 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
8.81%Cost of funding earning assets
3.81%Net interest margin
5.00%Noninterest income to earning assets
1.62%Noninterest expense to earning assets
3.75%Net operating income to assets
1.80%Return on assets (ROA)
1.65%Pretax return on assets
2.34%Return on equity (ROE)
19.74%Retained earnings to average equity (YTD only)
19.74%Net charge-offs to loans
-0.06%Credit loss provision to net charge-offs
-173.08%Efficiency ratio
56,613Assets per employee
1.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
36.07%Noncurrent assets plus other real estate owned to assets
1.37%Noncurrent loans to loans
1.85%Net loans and leases to deposits
82.42%Net loans and leases to core deposits
96.54%Equity capital to assets
8.98%Core capital (leverage) ratio
9.29%Tier 1 risk-based capital ratio
11.86%Total risk-based capital ratio
Memoranda
$13Average assets
$61,648Average earning assets
$5,141Average equity
$56,706Average loans

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