Brookings Federal Bank, a federal savings bank in Brookings, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 28, 1994

Brookings Federal Bank, a federal savings bank in Brookings, South Dakota (SD)
Show street view No street view available for this location

Brookings Federal Bank, a federal savings bank - Overview

General
FDIC Certificate #: 29713
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: MetaBank (#30776)
Federal Reserve ID: 592774
Date Established: January 01, 1913
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3935
FDIC's unique #: 42547
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: October 09, 1953
Last Structure Change Effective Date: March 28, 1994
Last Structure Change Process Date: May 09, 1994
Last Data Update: May 09, 1994
Data Source Date: April 05, 2012
Location
Address: 600 Main Avenue, 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: $72.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$72,930Cash and due from depository institutions
$7,505Interest-bearing balances
$7,386Securities
$12,166Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$50,973Loan loss allowance
$375Trading account assets
$0Bank premises and fixed assets
$920Other real estate owned
$0Goodwill and other intangibles
$1,366Life insurance assets
$0All other assets
$0Total liabilities and capital
$72,930Total liabilities
$64,720Total deposits
$59,539Interest-bearing deposits
$59,211Deposits held in domestic offices
59539.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,600Subordinated debt
$0All other liabilities
$581Total equity capital
$581Total bank equity capital
$8,210Perpetual preferred stock
$0Common stock
$100Surplus
$2,377Undivided profits
Memoranda
$5,733Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,094Income earned, not collected on loans
$571Earning assets
$70,525Long-term assets (5+ years)
$0Average Assets, year-to-date
$74,573Average Assets, quarterly
$74,782Volatile liabilities
$11,768Insider loans
$65FHLB advances
$4,600Loans and leases held for sale
$0Unused loan commitments
$2,310Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,210Total risk weighted assets
$43,458Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,846Total interest expense
$3,241Net interest income
$2,605Provision for loan and lease losses
$96Total noninterest income
$192Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$192Total noninterest expense
$1,343Salaries and employee benefits
$721Premises and equipment expense
$265Additional noninterest expense
$357Pre-tax net operating income
$1,358Securities gains (losses)
$127Applicable income taxes
$515Income before extraordinary items
$972Extraordinary gains - net
$0Net income attributable to bank
$972Net charge-offs
$22Cash dividends
$175Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.10%Cost of funding earning assets
4.49%Net interest margin
3.61%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
1.86%Net operating income to assets
1.19%Return on assets (ROA)
1.30%Pretax return on assets
1.99%Return on equity (ROE)
12.41%Retained earnings to average equity (YTD only)
10.18%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
436.36%Efficiency ratio
48,016Assets per employee
3.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.00%Loss allowance to loans
0.73%Loss allowance to noncurrent loans
34.28%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
2.13%Net loans and leases to deposits
85.61%Net loans and leases to core deposits
97.33%Equity capital to assets
11.26%Core capital (leverage) ratio
11.29%Tier 1 risk-based capital ratio
18.89%Total risk-based capital ratio
Memoranda
$20Average assets
$74,573Average earning assets
$7,832Average equity
$72,186Average loans

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 Brookings Federal Bank, a federal savings 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.