FDIC Certificate #: 9932 Status: Active Federal Reserve ID: 129853 Bank Holding Company (Regulatory Top Holder): Commercial Holding Company (RSSDID: 1127182, Location: Wagner, SD) Date Established: May 31, 1902 WWW:http://www.commercialstate.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15728 FDIC's unique #: 6350 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: 204 S. Main Ave, Wagner, SD 57380 County: Charles Mix 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
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $130.5 mil Equity capital: $14.4 mil Deposits held in domestic offices: $110.6 mil Return on assets (ROA): 1.92% ($2.5 mil) Quarterly return on assets: 0.90% ($1.2 mil) Return on Equity (ROE): 18.67% ($2.6 mil) Quarterly return on equity: 8.15% ($1.1 mil) Net income: $2.5 mil Quarterly Net income: $0.3 mil Pretax return on assets: 2.00% ($2,609.7 mil) Quarterly Pretax return on assets: 0.93% ($1,213.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
26Total employees (full-time equivalent)
$130,483Total assets
$5,367Cash and due from depository institutions
$1,286Interest-bearing balances
$47,685Securities
$0Federal funds sold & reverse repurchase agreements
$70,845Net loans & leases
$1,325Loan loss allowance
$0Trading account assets
$1,141Bank premises and fixed assets
$945Other real estate owned
$0Goodwill and other intangibles
$130,483Life insurance assets
$4,500All other assets
$116,041Total liabilities and capital
$110,606Total liabilities
$96,118Total deposits
$110,606Interest-bearing deposits
$77Deposits held in domestic offices
4900.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$300Trading liabilities
$0Other borrowed funds
$235Subordinated debt
$14,442All other liabilities
$14,442Total equity capital
$14,442Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$2,950Surplus
$11,492Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$410Income earned, not collected on loans
$0Earning assets
$1,707Long-term assets (5+ years)
$119,816Average Assets, year-to-date
$37,966Average Assets, quarterly
$128,846Volatile liabilities
$129,664Insider loans
$88,740FHLB advances
$129,997Loans and leases held for sale
$2,384Unused loan commitments
$1,913Tier 1 (core) risk-based capital
$13,069Tier 2 risk-based capital
$0Total risk weighted assets
$471Total unused commitments
$13,196Restructured Loans and leases
$685Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,680Total interest income
$1,073Total interest expense
$5,607Net interest income
$757Provision for loan and lease losses
$562Total noninterest income
$0Fiduciary activities
$264Service charges on deposit accounts
$0Trading account gains & fees
$298Additional noninterest income
$2,832Total noninterest expense
$1,560Salaries and employee benefits
$362Premises and equipment expense
$910Additional noninterest expense
$2,580Pre-tax net operating income
$0Securities gains (losses)
$108Applicable income taxes
$2,472Income before extraordinary items
$0Extraordinary gains - net
$2,472Net income attributable to bank
$0Net charge-offs
$2,472Cash dividends
$828Sale, conversion, retirement of capital stock, net
$1,201Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
0.90%Cost of funding earning assets
4.70%Net interest margin
0.47%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
1.92%Net operating income to assets
1.92%Return on assets (ROA)
2.00%Pretax return on assets
18.67%Return on equity (ROE)
9.60%Retained earnings to average equity (YTD only)
1.18%Net charge-offs to loans
91.43%Credit loss provision to net charge-offs
4.03%Efficiency ratio
45,907Assets per employee
5.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.58%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
323.17%Noncurrent assets plus other real estate owned to assets
1.04%Noncurrent loans to loans
0.57%Net loans and leases to deposits
64.05%Net loans and leases to core deposits
72.02%Equity capital to assets
11.07%Core capital (leverage) ratio
10.05%Tier 1 risk-based capital ratio
14.73%Total risk-based capital ratio
Memoranda
$16Average assets
$128,846Average earning assets
$13,240Average equity
$119,291Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6350
Commercial State Bank, Of Wagner
204 S. Main Ave, Wagner, SD 57380
May 31, 1902
Full Service Brick and Mortar
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