First Western Bank in city_name, state_name - Detailed Financial Reports, Location

First Western Bank in Rapid City, South Dakota (SD)
Show street view No street view available for this location

First Western Bank - Overview

General
FDIC Certificate #: 21131
Status: Inactive
Closing history: Participated in Reorganization
Acquiring institution: First Western Bank (#488)
Federal Reserve ID: 356350
Date Established: June 25, 1973
WWW: http://www.firstwesternbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
OTS Docket #: 14791
FDIC's unique #: 14608
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: June 25, 1973
Last Structure Change Effective Date: January 01, 2004
Last Structure Change Process Date: January 28, 2004
Last Data Update: January 28, 2004
Data Source Date: April 05, 2012
Location
Address: 632 Main Street, Rapid City, SD 57701
County: Pennington
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
Metropolitan Statistical Area (MSA): Rapid City, SD (#6660)
Core Based Statistical Area (CBSA): Rapid City, SD (#39660)
CBSA Metro Statistical Area: Rapid City, SD (#39660)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $176.2 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, 2003)

Dollar figures in thousands
45Total employees (full-time equivalent)
$176,176Total assets
$5,062Cash and due from depository institutions
$6Interest-bearing balances
$12,961Securities
$5,300Federal funds sold & reverse repurchase agreements
$143,367Net loans & leases
$1,906Loan loss allowance
$0Trading account assets
$6,907Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,579All other assets
$176,176Total liabilities and capital
$157,157Total liabilities
$145,440Total deposits
$121,042Interest-bearing deposits
$145,440Deposits held in domestic offices
0.00%% insured (estimated)
$2,657Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$0Subordinated debt
$1,060All other liabilities
$19,019Total equity capital
$19,019Total bank equity capital
$19,019Perpetual preferred stock
$0Common stock
$666Surplus
$12,532Undivided profits
Memoranda
$5,821Noncurrent loans and leases
$23,662Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$701Earning assets
$0Long-term assets (5+ years)
$1,037Average Assets, year-to-date
$161,634Average Assets, quarterly
$16,947Volatile liabilities
$175,671Insider loans
$175,871FHLB advances
$41,014Loans and leases held for sale
$98Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$408Total risk weighted assets
$23,662Total unused commitments
$0Restructured Loans and leases
$1,906Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$10,149Total interest income
$3,870Total interest expense
$6,279Net interest income
$487Provision for loan and lease losses
$900Total noninterest income
$0Fiduciary activities
$333Service charges on deposit accounts
$0Trading account gains & fees
$567Additional noninterest income
$4,149Total noninterest expense
$2,036Salaries and employee benefits
$722Premises and equipment expense
$1,391Additional noninterest expense
$2,543Pre-tax net operating income
$82Securities gains (losses)
$930Applicable income taxes
$1,695Income before extraordinary items
$0Extraordinary gains - net
$1,695Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$244Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.34%Yield on earning assets
2.42%Cost of funding earning assets
3.92%Net interest margin
0.56%Noninterest income to earning assets
2.59%Noninterest expense to earning assets
0.93%Net operating income to assets
0.96%Return on assets (ROA)
1.49%Pretax return on assets
9.31%Return on equity (ROE)
9.31%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
199.59%Credit loss provision to net charge-offs
12.42%Efficiency ratio
57,794Assets per employee
3.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
271.90%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.48%Net loans and leases to deposits
98.57%Net loans and leases to core deposits
129.06%Equity capital to assets
10.80%Core capital (leverage) ratio
10.70%Tier 1 risk-based capital ratio
11.77%Total risk-based capital ratio
Memoranda
$13Average assets
$175,671Average earning assets
$18,215Average equity
$160,057Average loans

First Western Bank in Rapid City, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

First Western Bank in Rapid City, South Dakota (SD)Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

First Western Bank in Rapid City, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches