Dacotah Bank in Faulkton, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 24, 1997

Dacotah Bank in Faulkton, South Dakota (SD)
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Dacotah Bank - Overview

General
FDIC Certificate #: 15315
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Dacotah Bank (#17437)
Federal Reserve ID: 286055
Date Established: December 06, 1935
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 9654
Numeric code: 13
Regulator: FED
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: December 06, 1935
Last Structure Change Effective Date: May 24, 1997
Last Structure Change Process Date: June 05, 1997
Last Data Update: June 05, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Faulkton, SD 57438
County: Faulk
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: $23.7 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)
$8Total assets
$22,654Cash and due from depository institutions
$1,584Interest-bearing balances
$599Securities
$9,771Federal funds sold & reverse repurchase agreements
$1,650Net loans & leases
$8,905Loan loss allowance
$265Trading account assets
$0Bank premises and fixed assets
$93Other real estate owned
$0Goodwill and other intangibles
$651Life insurance assets
$0All other assets
$0Total liabilities and capital
$22,654Total liabilities
$19,773Total deposits
$19,546Interest-bearing deposits
$17,489Deposits held in domestic offices
19546.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$227Total equity capital
$227Total bank equity capital
$2,881Perpetual preferred stock
$0Common stock
$100Surplus
$1,282Undivided profits
Memoranda
$1,499Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$109Income earned, not collected on loans
$412Earning assets
$20,925Long-term assets (5+ years)
$2,322Average Assets, year-to-date
$21,634Average Assets, quarterly
$22,012Volatile liabilities
$1,000Insider loans
$146FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,613Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,886Total risk weighted assets
$12,026Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,499Total interest expense
$731Net interest income
$768Provision for loan and lease losses
$75Total noninterest income
$109Fiduciary activities
$0Service charges on deposit accounts
$80Trading account gains & fees
$0Additional noninterest income
$29Total noninterest expense
$479Salaries and employee benefits
$211Premises and equipment expense
$58Additional noninterest expense
$210Pre-tax net operating income
$323Securities gains (losses)
$0Applicable income taxes
$101Income before extraordinary items
$222Extraordinary gains - net
$0Net income attributable to bank
$222Net charge-offs
$87Cash dividends
$100Sale, 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
7.50%Cost of funding earning assets
3.66%Net interest margin
3.84%Noninterest income to earning assets
0.55%Noninterest expense to earning assets
2.40%Net operating income to assets
1.03%Return on assets (ROA)
1.03%Pretax return on assets
1.49%Return on equity (ROE)
8.00%Retained earnings to average equity (YTD only)
4.40%Net charge-offs to loans
1.02%Credit loss provision to net charge-offs
86.21%Efficiency ratio
54,618Assets per employee
2.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.05%Loss allowance to loans
2.89%Loss allowance to noncurrent loans
243.12%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
1.19%Net loans and leases to deposits
45.56%Net loans and leases to core deposits
48.02%Equity capital to assets
12.72%Core capital (leverage) ratio
13.03%Tier 1 risk-based capital ratio
24.00%Total risk-based capital ratio
Memoranda
$25Average assets
$21,634Average earning assets
$2,775Average equity
$19,989Average loans

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