FDIC Certificate #: 31972 Status: Active Federal Reserve ID: 715470 Date Established: June 06, 1979 WWW:http://www.crppurchase.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 7674 FDIC's unique #: 44806 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 06, 1979 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 402 Main Street, Rapid City, SD 57709 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
Change in Primary Regulatory Agency
Financial Summary
Total assets: $37.6 mil Equity capital: $6.0 mil Deposits held in domestic offices: $23.5 mil Return on assets (ROA): 3.69% ($1.4 mil) Quarterly return on assets: 3.34% ($1.3 mil) Return on Equity (ROE): 23.55% ($1.4 mil) Quarterly return on equity: 20.84% ($1.3 mil) Net income: $1.4 mil Quarterly Net income: $0.3 mil Pretax return on assets: 3.86% ($1,452.9 mil) Quarterly Pretax return on assets: 3.52% ($1,324.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$37,639Total assets
$1,018Cash and due from depository institutions
$953Interest-bearing balances
$2Securities
$0Federal funds sold & reverse repurchase agreements
$35,199Net loans & leases
$360Loan loss allowance
$0Trading account assets
$275Bank premises and fixed assets
$440Other real estate owned
$0Goodwill and other intangibles
$37,640Life insurance assets
$705All other assets
$31,607Total liabilities and capital
$23,488Total liabilities
$20,891Total deposits
$23,488Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,045Trading liabilities
$0Other borrowed funds
$74Subordinated debt
$6,033All other liabilities
$6,033Total equity capital
$6,033Total bank equity capital
$0Perpetual preferred stock
$669Common stock
$0Surplus
$5,364Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,133Income earned, not collected on loans
$0Earning assets
$248Long-term assets (5+ years)
$36,154Average Assets, year-to-date
$0Average Assets, quarterly
$36,902Volatile liabilities
$37,146Insider loans
$25,551FHLB advances
$37,639Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,033Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$951Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,719Total interest income
$247Total interest expense
$2,472Net interest income
$31Provision for loan and lease losses
$11Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$1,028Total noninterest expense
$641Salaries and employee benefits
$219Premises and equipment expense
$168Additional noninterest expense
$1,424Pre-tax net operating income
$0Securities gains (losses)
$62Applicable income taxes
$1,362Income before extraordinary items
$0Extraordinary gains - net
$1,362Net income attributable to bank
$0Net charge-offs
$1,362Cash dividends
$0Sale, conversion, retirement of capital stock, net
$915Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.69%Yield on earning assets
0.70%Cost of funding earning assets
6.99%Net interest margin
0.03%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
3.69%Net operating income to assets
3.69%Return on assets (ROA)
3.86%Pretax return on assets
23.55%Return on equity (ROE)
7.73%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
41,402Assets per employee
4.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.18%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
31.77%Noncurrent assets plus other real estate owned to assets
4.18%Noncurrent loans to loans
3.19%Net loans and leases to deposits
149.86%Net loans and leases to core deposits
149.86%Equity capital to assets
16.03%Core capital (leverage) ratio
16.03%Tier 1 risk-based capital ratio
23.61%Total risk-based capital ratio
Memoranda
$25Average assets
$36,902Average earning assets
$5,784Average equity
$35,373Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
44806
First Western Federal Savings Bank
402 Main Street, Rapid City, SD 57709
June 06, 1979
Full Service Brick and Mortar
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