FDIC Certificate #: 1128 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:American Bank & Trust (#1117) Federal Reserve ID: 414353 Date Established: September 10, 1901 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 12227 FDIC's unique #: 770 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2000 Last Structure Change Process Date: July 26, 2000 Last Data Update: July 26, 2000 Data Source Date: April 05, 2012
Location
Address: 131 North Broadway, Miller, SD 57362 County: Hand 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
Financial Summary
Total assets: $49.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
14Total employees (full-time equivalent)
$49,312Total assets
$1,595Cash and due from depository institutions
$420Interest-bearing balances
$13,897Securities
$50Federal funds sold & reverse repurchase agreements
$31,166Net loans & leases
$492Loan loss allowance
$0Trading account assets
$697Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,907All other assets
$49,312Total liabilities and capital
$41,402Total liabilities
$40,109Total deposits
$36,286Interest-bearing deposits
$40,109Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,293All other liabilities
$7,910Total equity capital
$7,910Total bank equity capital
$7,910Perpetual preferred stock
$0Common stock
$100Surplus
$2,900Undivided profits
Memoranda
$4,910Noncurrent loans and leases
$1,768Noncurrent 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)
$802Average Assets, year-to-date
$45,533Average Assets, quarterly
$3,599Volatile liabilities
$49,462Insider loans
$49,067FHLB advances
$4,114Loans and leases held for sale
$317Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,768Total unused commitments
$0Restructured Loans and leases
$459Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,719Total interest income
$1,566Total interest expense
$2,153Net interest income
-$425Provision for loan and lease losses
$228Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$1,506Total noninterest expense
$677Salaries and employee benefits
$189Premises and equipment expense
$640Additional noninterest expense
$1,300Pre-tax net operating income
-$123Securities gains (losses)
$59Applicable income taxes
$1,118Income before extraordinary items
$0Extraordinary gains - net
$1,118Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$1,721Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.19%Yield on earning assets
3.45%Cost of funding earning assets
4.74%Net interest margin
0.50%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
2.50%Net operating income to assets
2.26%Return on assets (ROA)
2.38%Pretax return on assets
13.69%Return on equity (ROE)
-7.38%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
-8500.00%Credit loss provision to net charge-offs
175.00%Efficiency ratio
63,251Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
153.94%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
24600.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
77.70%Net loans and leases to core deposits
86.58%Equity capital to assets
16.04%Core capital (leverage) ratio
15.95%Tier 1 risk-based capital ratio
21.50%Total risk-based capital ratio
Memoranda
$23Average assets
$49,462Average earning assets
$8,167Average equity
$45,416Average loans
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