FDIC Certificate #: 9002 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:American Bank & Trust (#1117) Federal Reserve ID: 525950 Date Established: June 14, 1919 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5749 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: October 03, 2011 Last Structure Change Process Date: October 25, 2011 Last Data Update: October 25, 2011 Data Source Date: April 05, 2012
Location
Address: 212 Calumet Avenue, S.E., De Smet, SD 57231 County: Kingsbury 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: $62.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
14Total employees (full-time equivalent)
$61,691Total assets
$4,026Cash and due from depository institutions
$0Interest-bearing balances
$13,499Securities
$3,000Federal funds sold & reverse repurchase agreements
$39,482Net loans & leases
$602Loan loss allowance
$0Trading account assets
$339Bank premises and fixed assets
$399Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$946All other assets
$61,691Total liabilities and capital
$54,233Total liabilities
$53,957Total deposits
$43,099Interest-bearing deposits
$53,957Deposits held in domestic offices
93.96%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$276All other liabilities
$7,458Total equity capital
$7,458Total bank equity capital
$7,458Perpetual preferred stock
$0Common stock
$100Surplus
$3,600Undivided profits
Memoranda
$3,758Noncurrent loans and leases
$12,109Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$516Earning assets
$0Long-term assets (5+ years)
$549Average Assets, year-to-date
$55,981Average Assets, quarterly
$14,736Volatile liabilities
$60,554Insider loans
$60,952FHLB advances
$3,343Loans and leases held for sale
$776Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,109Total unused commitments
$0Restructured Loans and leases
$529Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,998Total interest income
$530Total interest expense
$2,468Net interest income
$50Provision for loan and lease losses
$375Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$203Additional noninterest income
$1,840Total noninterest expense
$923Salaries and employee benefits
$72Premises and equipment expense
$845Additional noninterest expense
$953Pre-tax net operating income
$0Securities gains (losses)
$39Applicable income taxes
$914Income before extraordinary items
$0Extraordinary gains - net
$914Net income attributable to bank
$0Net charge-offs
$914Cash dividends
$21Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.61%Yield on earning assets
0.99%Cost of funding earning assets
4.62%Net interest margin
0.70%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.51%Net operating income to assets
1.51%Return on assets (ROA)
1.57%Pretax return on assets
12.88%Return on equity (ROE)
10.06%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
238.10%Credit loss provision to net charge-offs
47.76%Efficiency ratio
64,720Assets per employee
4.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.88%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
116.67%Noncurrent assets plus other real estate owned to assets
1.48%Noncurrent loans to loans
1.29%Net loans and leases to deposits
73.17%Net loans and leases to core deposits
78.01%Equity capital to assets
12.09%Core capital (leverage) ratio
11.03%Tier 1 risk-based capital ratio
16.42%Total risk-based capital ratio
Memoranda
$18Average assets
$60,554Average earning assets
$7,094Average equity
$53,434Average loans
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