First Savings and Loan Association of South Dakota, Inc. in Aberdeen, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 27, 1998

First Savings and Loan Association of South Dakota, Inc. in Aberdeen, South Dakota (SD)
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First Savings and Loan Association of South Dakota, Inc. - Overview

General
FDIC Certificate #: 32161
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Great Western Bank (#15289)
Federal Reserve ID: 610977
Date Established: April 28, 1983
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 7927
FDIC's unique #: 44995
Numeric code: 35
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: April 28, 1983
Last Structure Change Effective Date: March 27, 1998
Last Structure Change Process Date: April 27, 1998
Last Data Update: April 27, 1998
Data Source Date: April 05, 2012
Location
Address: 517 South Lincoln, Aberdeen, SD 57401
County: Brown
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): Aberdeen, SD (#10100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $16.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
9Total employees (full-time equivalent)
$16,386Total assets
$2,767Cash and due from depository institutions
$1,946Interest-bearing balances
$155Securities
$0Federal funds sold & reverse repurchase agreements
$13,137Net loans & leases
$129Loan loss allowance
$0Trading account assets
$143Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$184All other assets
$16,386Total liabilities and capital
$14,569Total liabilities
$14,327Total deposits
$12,793Interest-bearing deposits
$14,327Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$242All other liabilities
$1,817Total equity capital
$1,817Total bank equity capital
$1,817Perpetual preferred stock
$0Common stock
$774Surplus
$376Undivided profits
Memoranda
$667Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2Earning assets
$0Long-term assets (5+ years)
$105Average Assets, year-to-date
$15,238Average Assets, quarterly
$0Volatile liabilities
$15,169Insider loans
$15,946FHLB advances
$3,798Loans and leases held for sale
$374Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,622Total unused commitments
$0Restructured Loans and leases
$10,851Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$1,273Total interest income
$575Total interest expense
$698Net interest income
-$25Provision for loan and lease losses
$115Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$632Total noninterest expense
$319Salaries and employee benefits
$141Premises and equipment expense
$172Additional noninterest expense
$206Pre-tax net operating income
$141Securities gains (losses)
$150Applicable income taxes
$197Income before extraordinary items
$0Extraordinary gains - net
$197Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$33Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.12%Yield on earning assets
4.12%Cost of funding earning assets
5.00%Net interest margin
0.82%Noninterest income to earning assets
4.53%Noninterest expense to earning assets
0.70%Net operating income to assets
1.30%Return on assets (ROA)
2.29%Pretax return on assets
11.35%Return on equity (ROE)
11.35%Retained earnings to average equity (YTD only)
-0.27%Net charge-offs to loans
75.76%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,737Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
6450.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
91.69%Net loans and leases to core deposits
124.77%Equity capital to assets
11.09%Core capital (leverage) ratio
11.08%Tier 1 risk-based capital ratio
16.73%Total risk-based capital ratio
Memoranda
$18Average assets
$15,169Average earning assets
$1,736Average equity
$13,951Average loans

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