FDIC Certificate #: 1672 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CorTrust Bank National Association (#6063) Federal Reserve ID: 310352 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 12230 FDIC's unique #: 1099 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: January 01, 1934 Last Structure Change Effective Date: July 14, 2000 Last Structure Change Process Date: September 27, 2000 Last Data Update: September 27, 2000 Data Source Date: April 05, 2012
Location
Address: 36 West 7th Avenue, 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: $31.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
17Total employees (full-time equivalent)
$29,559Total assets
$951Cash and due from depository institutions
$111Interest-bearing balances
$6,804Securities
$0Federal funds sold & reverse repurchase agreements
$20,489Net loans & leases
$156Loan loss allowance
$0Trading account assets
$643Bank premises and fixed assets
$228Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$444All other assets
$29,559Total liabilities and capital
$27,407Total liabilities
$24,522Total deposits
$20,464Interest-bearing deposits
$24,522Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,800Other borrowed funds
$0Subordinated debt
$85All other liabilities
$2,152Total equity capital
$2,152Total bank equity capital
$2,152Perpetual preferred stock
$0Common stock
$300Surplus
$1,000Undivided profits
Memoranda
$852Noncurrent loans and leases
$957Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$118Earning assets
$0Long-term assets (5+ years)
$198Average Assets, year-to-date
$27,404Average Assets, quarterly
$5,183Volatile liabilities
$27,209Insider loans
$29,281FHLB advances
$3,529Loans and leases held for sale
$71Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$82Total risk weighted assets
$957Total unused commitments
$0Restructured Loans and leases
$156Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,036Total interest income
$973Total interest expense
$1,063Net interest income
$115Provision for loan and lease losses
$233Total noninterest income
$0Fiduciary activities
$173Service charges on deposit accounts
$0Trading account gains & fees
$60Additional noninterest income
$1,019Total noninterest expense
$431Salaries and employee benefits
$154Premises and equipment expense
$434Additional noninterest expense
$162Pre-tax net operating income
$0Securities gains (losses)
$15Applicable income taxes
$147Income before extraordinary items
$0Extraordinary gains - net
$147Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$157Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.13%Yield on earning assets
3.88%Cost of funding earning assets
4.24%Net interest margin
0.93%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
0.54%Net operating income to assets
0.54%Return on assets (ROA)
0.60%Pretax return on assets
6.81%Return on equity (ROE)
6.81%Retained earnings to average equity (YTD only)
0.89%Net charge-offs to loans
73.25%Credit loss provision to net charge-offs
1.76%Efficiency ratio
78,627Assets per employee
1.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
132.20%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
0.57%Net loans and leases to deposits
83.55%Net loans and leases to core deposits
86.11%Equity capital to assets
7.28%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
10.13%Total risk-based capital ratio
Memoranda
$11Average assets
$27,209Average earning assets
$2,159Average equity
$25,054Average loans
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