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

This bank is inactive as of May 24, 1997

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

General
FDIC Certificate #: 6072
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Dacotah Bank (#17437)
Federal Reserve ID: 411754
Date Established: January 01, 1920
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 4097
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: Main Street, Lemmon, SD 57638
County: Perkins
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: $71.8 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)
$23Total assets
$72,638Cash and due from depository institutions
$3,004Interest-bearing balances
$898Securities
$25,743Federal funds sold & reverse repurchase agreements
$1,550Net loans & leases
$39,517Loan loss allowance
$2,013Trading account assets
$0Bank premises and fixed assets
$519Other real estate owned
$55Goodwill and other intangibles
$2,250Life insurance assets
$0All other assets
$0Total liabilities and capital
$72,638Total liabilities
$64,886Total deposits
$63,153Interest-bearing deposits
$58,303Deposits held in domestic offices
63153.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$121Subordinated debt
$450All other liabilities
$1,162Total equity capital
$1,162Total bank equity capital
$7,752Perpetual preferred stock
$0Common stock
$350Surplus
$1,000Undivided profits
Memoranda
$6,402Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$300Income earned, not collected on loans
$1,404Earning assets
$67,708Long-term assets (5+ years)
$7,812Average Assets, year-to-date
$69,838Average Assets, quarterly
$70,993Volatile liabilities
$10,738Insider loans
$770FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,719Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,670Total risk weighted assets
$45,934Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,672Total interest expense
$2,801Net interest income
$2,871Provision for loan and lease losses
$0Total noninterest income
$168Fiduciary activities
$0Service charges on deposit accounts
$150Trading account gains & fees
$0Additional noninterest income
$18Total noninterest expense
$1,293Salaries and employee benefits
$591Premises and equipment expense
$169Additional noninterest expense
$533Pre-tax net operating income
$1,746Securities gains (losses)
$0Applicable income taxes
$621Income before extraordinary items
$1,125Extraordinary gains - net
$0Net income attributable to bank
$1,125Net charge-offs
-$407Cash dividends
$350Sale, 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
8.69%Cost of funding earning assets
4.29%Net interest margin
4.40%Noninterest income to earning assets
0.26%Noninterest expense to earning assets
1.98%Net operating income to assets
1.61%Return on assets (ROA)
1.61%Pretax return on assets
2.50%Return on equity (ROE)
15.67%Retained earnings to average equity (YTD only)
10.80%Net charge-offs to loans
-0.97%Credit loss provision to net charge-offs
0.00%Efficiency ratio
42,547Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.11%Loss allowance to loans
4.85%Loss allowance to noncurrent loans
671.00%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.72%Net loans and leases to deposits
62.57%Net loans and leases to core deposits
75.27%Equity capital to assets
10.67%Core capital (leverage) ratio
10.68%Tier 1 risk-based capital ratio
16.70%Total risk-based capital ratio
Memoranda
$19Average assets
$69,838Average earning assets
$7,179Average equity
$65,249Average loans

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