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

This bank is inactive as of May 24, 1997

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

General
FDIC Certificate #: 495
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Dacotah Bank (#17437)
Federal Reserve ID: 205056
Date Established: January 02, 1897
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 356
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: January 01, 1934
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: 600 Main, Webster, SD 57274
County: Day
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: $45.4 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)
$22Total assets
$45,452Cash and due from depository institutions
$2,197Interest-bearing balances
$848Securities
$18,224Federal funds sold & reverse repurchase agreements
$2,175Net loans & leases
$21,126Loan loss allowance
$990Trading account assets
$0Bank premises and fixed assets
$561Other real estate owned
$40Goodwill and other intangibles
$1,129Life insurance assets
$0All other assets
$0Total liabilities and capital
$45,452Total liabilities
$39,820Total deposits
$39,353Interest-bearing deposits
$35,951Deposits held in domestic offices
39353.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$78Subordinated debt
$0All other liabilities
$389Total equity capital
$389Total bank equity capital
$5,632Perpetual preferred stock
$400Common stock
$300Surplus
$900Undivided profits
Memoranda
$4,032Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,327Income earned, not collected on loans
$479Earning assets
$42,373Long-term assets (5+ years)
$2,492Average Assets, year-to-date
$44,537Average Assets, quarterly
$45,273Volatile liabilities
$1,256Insider loans
$265FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,891Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,621Total risk weighted assets
$25,047Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,270Total interest expense
$1,516Net interest income
$1,754Provision for loan and lease losses
$0Total noninterest income
$260Fiduciary activities
$0Service charges on deposit accounts
$140Trading account gains & fees
$0Additional noninterest income
$120Total noninterest expense
$1,277Salaries and employee benefits
$639Premises and equipment expense
$167Additional noninterest expense
$471Pre-tax net operating income
$737Securities gains (losses)
$0Applicable income taxes
$243Income before extraordinary items
$494Extraordinary gains - net
$0Net income attributable to bank
$494Net charge-offs
$27Cash dividends
$141Sale, 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
7.89%Cost of funding earning assets
3.66%Net interest margin
4.23%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
3.08%Net operating income to assets
1.11%Return on assets (ROA)
1.11%Pretax return on assets
1.65%Return on equity (ROE)
9.21%Retained earnings to average equity (YTD only)
6.58%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,406Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.54%Loss allowance to loans
4.48%Loss allowance to noncurrent loans
74.60%Noncurrent assets plus other real estate owned to assets
3.01%Noncurrent loans to loans
6.00%Net loans and leases to deposits
53.68%Net loans and leases to core deposits
55.34%Equity capital to assets
12.39%Core capital (leverage) ratio
12.41%Tier 1 risk-based capital ratio
22.44%Total risk-based capital ratio
Memoranda
$24Average assets
$44,537Average earning assets
$5,364Average equity
$41,462Average loans

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