FDIC Certificate #: 9940 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Claremont (#484) Federal Reserve ID: 472353 Date Established: August 13, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 6355 Numeric code: 21 Regulator: FDIC 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: July 01, 2008 Last Structure Change Process Date: July 23, 2008 Last Data Update: July 23, 2008 Data Source Date: April 05, 2012
Location
Address: Main Street, Langford, SD 57454 County: Marshall 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: $11.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
4Total employees (full-time equivalent)
$11,113Total assets
$479Cash and due from depository institutions
$26Interest-bearing balances
$5,325Securities
$600Federal funds sold & reverse repurchase agreements
$4,374Net loans & leases
$265Loan loss allowance
$0Trading account assets
$76Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$259All other assets
$11,113Total liabilities and capital
$8,593Total liabilities
$8,546Total deposits
$7,179Interest-bearing deposits
$8,546Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$47All other liabilities
$2,520Total equity capital
$2,520Total bank equity capital
$2,520Perpetual preferred stock
$0Common stock
$50Surplus
$450Undivided profits
Memoranda
$2,020Noncurrent loans and leases
$625Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$167Average Assets, year-to-date
$10,325Average Assets, quarterly
$4,410Volatile liabilities
$11,288Insider loans
$11,095FHLB advances
$508Loans and leases held for sale
$700Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$625Total unused commitments
$0Restructured Loans and leases
$78Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$669Total interest income
$169Total interest expense
$500Net interest income
$0Provision for loan and lease losses
$17Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$358Total noninterest expense
$244Salaries and employee benefits
$40Premises and equipment expense
$74Additional noninterest expense
$159Pre-tax net operating income
$0Securities gains (losses)
$49Applicable income taxes
$110Income before extraordinary items
$0Extraordinary gains - net
$110Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$3Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.42%Yield on earning assets
1.62%Cost of funding earning assets
4.80%Net interest margin
0.16%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
1.41%Pretax return on assets
4.52%Return on equity (ROE)
3.70%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,246Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.18%Loss allowance to loans
5.71%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
51.18%Net loans and leases to core deposits
54.42%Equity capital to assets
22.68%Core capital (leverage) ratio
21.95%Tier 1 risk-based capital ratio
41.89%Total risk-based capital ratio
Memoranda
$43Average assets
$11,288Average earning assets
$2,434Average equity
$10,426Average loans
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