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

This bank is inactive as of January 03, 1995

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

General
FDIC Certificate #: 27059
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First State Bank (#27062)
Federal Reserve ID: 348252
Date Established: October 01, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 9770
FDIC's unique #: 38658
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: January 03, 1995
Last Structure Change Process Date: January 25, 1995
Last Data Update: January 25, 1995
Data Source Date: April 05, 2012
Location
Address: 76 3rd Street, S.W., Huron, SD 57350
County: Beadle
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): Huron, SD (#26700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $44.1 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)
$14Total assets
$44,090Cash and due from depository institutions
$2,158Interest-bearing balances
$209Securities
$15,518Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$25,233Loan loss allowance
$318Trading account assets
$0Bank premises and fixed assets
$390Other real estate owned
$62Goodwill and other intangibles
$729Life insurance assets
$0All other assets
$0Total liabilities and capital
$44,090Total liabilities
$40,968Total deposits
$36,916Interest-bearing deposits
$30,673Deposits held in domestic offices
36916.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$1,720Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$332Total equity capital
$332Total bank equity capital
$3,122Perpetual preferred stock
$0Common stock
$2,500Surplus
$500Undivided profits
Memoranda
$122Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$25Income earned, not collected on loans
$356Earning assets
$40,960Long-term assets (5+ years)
$9,853Average Assets, year-to-date
$41,500Average Assets, quarterly
$42,495Volatile liabilities
$9,141Insider loans
$275FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,627Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,189Total risk weighted assets
$28,749Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,850Total interest expense
$1,204Net interest income
$1,646Provision for loan and lease losses
$52Total noninterest income
$148Fiduciary activities
$0Service charges on deposit accounts
$111Trading account gains & fees
$0Additional noninterest income
$37Total noninterest expense
$1,115Salaries and employee benefits
$418Premises and equipment expense
$155Additional noninterest expense
$542Pre-tax net operating income
$627Securities gains (losses)
$3Applicable income taxes
$227Income before extraordinary items
$403Extraordinary gains - net
$0Net income attributable to bank
$403Net charge-offs
$3Cash dividends
$381Sale, 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
7.31%Cost of funding earning assets
3.09%Net interest margin
4.22%Noninterest income to earning assets
0.38%Noninterest expense to earning assets
2.86%Net operating income to assets
0.97%Return on assets (ROA)
0.97%Pretax return on assets
1.52%Return on equity (ROE)
12.67%Retained earnings to average equity (YTD only)
0.69%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1733.33%Efficiency ratio
62,152Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.54%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
1272.00%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.10%Net loans and leases to deposits
68.35%Net loans and leases to core deposits
80.12%Equity capital to assets
7.08%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
11.09%Total risk-based capital ratio
Memoranda
$12Average assets
$41,500Average earning assets
$3,180Average equity
$38,984Average loans

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