FDIC Certificate #: 4026 Status: Active Federal Reserve ID: 439459 Bank Holding Company (Regulatory Top Holder): Fishback Financial Corporation (RSSDID: 1123072, Location: Brookings, SD) Date Established: April 17, 1902 WWW:http://www.bankeasy.comw/ Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 11898 FDIC's unique #: 2608 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 301 West Main Street, White, SD 57276 County: Brookings 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): Brookings, SD (#15100) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $54.7 mil Equity capital: $6.3 mil Deposits held in domestic offices: $47.0 mil Return on assets (ROA): 1.37% ($0.8 mil) Quarterly return on assets: 1.48% ($0.8 mil) Return on Equity (ROE): 12.04% ($0.7 mil) Quarterly return on equity: 13.07% ($0.8 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.99% ($1,089.1 mil) Quarterly Pretax return on assets: 2.13% ($1,165.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$54,728Total assets
$2,077Cash and due from depository institutions
$1,786Interest-bearing balances
$7,659Securities
$0Federal funds sold & reverse repurchase agreements
$42,531Net loans & leases
$608Loan loss allowance
$0Trading account assets
$179Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$54,728Life insurance assets
$2,282All other assets
$48,446Total liabilities and capital
$47,024Total liabilities
$42,998Total deposits
$47,024Interest-bearing deposits
$88Deposits held in domestic offices
347.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$375Trading liabilities
$0Other borrowed funds
$700Subordinated debt
$6,282All other liabilities
$6,282Total equity capital
$6,282Total bank equity capital
$0Perpetual preferred stock
$40Common stock
$3,000Surplus
$3,242Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$189Income earned, not collected on loans
$0Earning assets
$539Long-term assets (5+ years)
$51,976Average Assets, year-to-date
$18,597Average Assets, quarterly
$53,537Volatile liabilities
$55,204Insider loans
$42,972FHLB advances
$54,590Loans and leases held for sale
$1,239Unused loan commitments
$1,239Tier 1 (core) risk-based capital
$6,106Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,090Restructured Loans and leases
$196Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,971Total interest income
$818Total interest expense
$2,153Net interest income
$50Provision for loan and lease losses
$257Total noninterest income
$0Fiduciary activities
$178Service charges on deposit accounts
$0Trading account gains & fees
$79Additional noninterest income
$1,295Total noninterest expense
$380Salaries and employee benefits
$46Premises and equipment expense
$869Additional noninterest expense
$1,065Pre-tax net operating income
$0Securities gains (losses)
$334Applicable income taxes
$731Income before extraordinary items
$0Extraordinary gains - net
$731Net income attributable to bank
$0Net charge-offs
$731Cash dividends
$29Sale, conversion, retirement of capital stock, net
$420Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.87%Yield on earning assets
1.62%Cost of funding earning assets
4.26%Net interest margin
0.51%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
1.37%Net operating income to assets
1.37%Return on assets (ROA)
1.99%Pretax return on assets
12.04%Return on equity (ROE)
5.12%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
172.41%Credit loss provision to net charge-offs
38.45%Efficiency ratio
53,734Assets per employee
9.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.46%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
321.69%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.44%Net loans and leases to deposits
90.45%Net loans and leases to core deposits
93.62%Equity capital to assets
11.48%Core capital (leverage) ratio
11.19%Tier 1 risk-based capital ratio
14.21%Total risk-based capital ratio
Memoranda
$15Average assets
$53,537Average earning assets
$6,071Average equity
$50,576Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2608
First Bank Of White
301 West Main Street, White, SD 57276
April 17, 1902
Full Service Brick and Mortar
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