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

First Western Bank in Wall, South Dakota (SD)
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First Western Bank - Overview

General
FDIC Certificate #: 488
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Interstate Bank (#1105)
Federal Reserve ID: 353751
Date Established: January 01, 1908
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 11 (Interstate: No)
OTS Docket #: 14730
FDIC's unique #: 353
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 26, 2009
Last Structure Change Process Date: October 09, 2009
Last Data Update: October 09, 2009
Data Source Date: April 05, 2012
Location
Address: 418 Main Street, Wall, SD 57790
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)
Financial Summary
Total assets: $572.1 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, 2008)

Dollar figures in thousands
103Total employees (full-time equivalent)
$570,135Total assets
$12,384Cash and due from depository institutions
$143Interest-bearing balances
$39,296Securities
$35,000Federal funds sold & reverse repurchase agreements
$359,056Net loans & leases
$9,892Loan loss allowance
$0Trading account assets
$23,524Bank premises and fixed assets
$0Other real estate owned
$91,534Goodwill and other intangibles
$0Life insurance assets
$9,341All other assets
$570,135Total liabilities and capital
$432,241Total liabilities
$418,093Total deposits
$344,958Interest-bearing deposits
$418,093Deposits held in domestic offices
0.00%% insured (estimated)
$5,994Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,222Other borrowed funds
$0Subordinated debt
$5,932All other liabilities
$137,894Total equity capital
$137,894Total bank equity capital
$137,894Perpetual preferred stock
$0Common stock
$0Surplus
$136,555Undivided profits
Memoranda
$1,339Noncurrent loans and leases
$53,187Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$19,906Earning assets
$0Long-term assets (5+ years)
$4,207Average Assets, year-to-date
$433,495Average Assets, quarterly
$20,554Volatile liabilities
$560,238Insider loans
$569,260FHLB advances
$92,696Loans and leases held for sale
$0Unused loan commitments
$1,700Tier 1 (core) risk-based capital
$1,806Tier 2 risk-based capital
$738Total risk weighted assets
$53,187Total unused commitments
$0Restructured Loans and leases
$5,355Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$29,391Total interest income
$10,904Total interest expense
$18,487Net interest income
$3,515Provision for loan and lease losses
$4,773Total noninterest income
$0Fiduciary activities
$1,373Service charges on deposit accounts
$0Trading account gains & fees
$3,400Additional noninterest income
$14,682Total noninterest expense
$6,112Salaries and employee benefits
$1,629Premises and equipment expense
$6,941Additional noninterest expense
$5,063Pre-tax net operating income
$6Securities gains (losses)
$1,528Applicable income taxes
$3,541Income before extraordinary items
$0Extraordinary gains - net
$3,541Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,021Sale, conversion, retirement of capital stock, net
$2,500Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.67%Yield on earning assets
2.47%Cost of funding earning assets
4.19%Net interest margin
1.08%Noninterest income to earning assets
3.33%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
0.90%Pretax return on assets
2.97%Return on equity (ROE)
0.87%Retained earnings to average equity (YTD only)
0.52%Net charge-offs to loans
173.92%Credit loss provision to net charge-offs
4.24%Efficiency ratio
57,309Assets per employee
5.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.60%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
49.69%Noncurrent assets plus other real estate owned to assets
3.49%Noncurrent loans to loans
5.40%Net loans and leases to deposits
85.88%Net loans and leases to core deposits
108.25%Equity capital to assets
24.19%Core capital (leverage) ratio
9.65%Tier 1 risk-based capital ratio
10.87%Total risk-based capital ratio
Memoranda
$12Average assets
$560,238Average earning assets
$119,166Average equity
$440,941Average loans

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

First Western Bank - Overview

Assets and Liabilities (December 31, 2008)

Income and Expense (December 31, 2008)

Performance and Condition Ratios (December 31, 2008)

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

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

First Western Bank - Overview

Assets and Liabilities (December 31, 2008)

Income and Expense (December 31, 2008)

Performance and Condition Ratios (December 31, 2008)

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

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