Community First State Bank in Redfield, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 1997

Community First State Bank in Redfield, South Dakota (SD)
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Community First State Bank - Overview

General
FDIC Certificate #: 27062
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First State Bank (#27063)
Federal Reserve ID: 424558
Date Established: October 01, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 9769
FDIC's unique #: 38662
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 01, 1987
Last Structure Change Effective Date: Febuary 18, 1997
Last Structure Change Process Date: March 27, 1997
Last Data Update: March 27, 1997
Data Source Date: April 05, 2012
Location
Address: 26 East Seventh Avenue, Redfield, SD 57469
County: Spink
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
Financial Summary
Total assets: $169.8 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
$169,821Cash and due from depository institutions
$9,825Interest-bearing balances
$989Securities
$50,395Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$100,777Loan loss allowance
$1,319Trading account assets
$0Bank premises and fixed assets
$1,562Other real estate owned
$0Goodwill and other intangibles
$7,256Life insurance assets
$6All other assets
$0Total liabilities and capital
$169,821Total liabilities
$156,709Total deposits
$146,350Interest-bearing deposits
$129,671Deposits held in domestic offices
146350.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$6,482Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$1,877Total equity capital
$1,877Total bank equity capital
$13,112Perpetual preferred stock
$0Common stock
$7,075Surplus
$4,935Undivided profits
Memoranda
$1,102Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$210Income earned, not collected on loans
$1,677Earning assets
$152,161Long-term assets (5+ years)
$33,911Average Assets, year-to-date
$162,324Average Assets, quarterly
$164,946Volatile liabilities
$24,130Insider loans
$68FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$21,234Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,941Total risk weighted assets
$121,364Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$12,400Total interest expense
$5,694Net interest income
$6,706Provision for loan and lease losses
$194Total noninterest income
$983Fiduciary activities
$2Service charges on deposit accounts
$588Trading account gains & fees
$0Additional noninterest income
$393Total noninterest expense
$3,556Salaries and employee benefits
$1,643Premises and equipment expense
$488Additional noninterest expense
$1,425Pre-tax net operating income
$3,939Securities gains (losses)
$10Applicable income taxes
$1,336Income before extraordinary items
$2,613Extraordinary gains - net
$0Net income attributable to bank
$2,613Net charge-offs
$179Cash dividends
$2,706Sale, 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
8.38%Cost of funding earning assets
3.85%Net interest margin
4.53%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
2.40%Net operating income to assets
1.61%Return on assets (ROA)
1.61%Pretax return on assets
2.43%Return on equity (ROE)
20.16%Retained earnings to average equity (YTD only)
-0.72%Net charge-offs to loans
0.18%Credit loss provision to net charge-offs
108.38%Efficiency ratio
46,222Assets per employee
2.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
103.56%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
628.10%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.21%Net loans and leases to deposits
68.86%Net loans and leases to core deposits
77.10%Equity capital to assets
7.72%Core capital (leverage) ratio
6.99%Tier 1 risk-based capital ratio
10.66%Total risk-based capital ratio
Memoranda
$12Average assets
$162,324Average earning assets
$12,959Average equity
$148,027Average loans

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