FDIC Certificate #: 485 Status: Active Federal Reserve ID: 435255 Bank Holding Company (Regulatory Top Holder): Midwest Bancshares, Inc. (RSSDID: 4347301, Location: Tyndall, SD) Date Established: November 01, 1932 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 352 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 1600 Main Street, Tyndall, SD 57066 County: Bon Homme 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
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $34.4 mil Equity capital: $3.4 mil Deposits held in domestic offices: $30.6 mil Return on assets (ROA): 0.42% ($0.1 mil) Quarterly return on assets: -0.42% (-$0.1 mil) Return on Equity (ROE): 4.01% ($0.1 mil) Quarterly return on equity: -4.21% (-$0.1 mil) Net income: $0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.73% ($251.4 mil) Quarterly Pretax return on assets: 0.24% ($82.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$34,440Total assets
$8,953Cash and due from depository institutions
$8,325Interest-bearing balances
$2,618Securities
$825Federal funds sold & reverse repurchase agreements
$21,166Net loans & leases
$707Loan loss allowance
$0Trading account assets
$426Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$34,440Life insurance assets
$452All other assets
$31,037Total liabilities and capital
$30,627Total liabilities
$21,122Total deposits
$30,627Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$410Subordinated debt
$3,403All other liabilities
$3,403Total equity capital
$3,403Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$2,800Surplus
$403Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$145Income earned, not collected on loans
$0Earning assets
$391Long-term assets (5+ years)
$32,934Average Assets, year-to-date
$2,006Average Assets, quarterly
$33,242Volatile liabilities
$34,422Insider loans
$23,134FHLB advances
$35,036Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,403Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,137Restructured Loans and leases
$114Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,458Total interest income
$114Total interest expense
$1,344Net interest income
$0Provision for loan and lease losses
$156Total noninterest income
$0Fiduciary activities
$124Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$1,258Total noninterest expense
$829Salaries and employee benefits
$124Premises and equipment expense
$305Additional noninterest expense
$242Pre-tax net operating income
$0Securities gains (losses)
$104Applicable income taxes
$138Income before extraordinary items
$0Extraordinary gains - net
$138Net income attributable to bank
$0Net charge-offs
$138Cash dividends
$75Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.61%Yield on earning assets
0.36%Cost of funding earning assets
4.25%Net interest margin
0.49%Noninterest income to earning assets
3.98%Noninterest expense to earning assets
0.42%Net operating income to assets
0.42%Return on assets (ROA)
0.73%Pretax return on assets
4.01%Return on equity (ROE)
-1.80%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
3.23%Efficiency ratio
83,867Assets per employee
3.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
144.93%Loss allowance to loans
3.23%Loss allowance to noncurrent loans
487.59%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.66%Net loans and leases to deposits
69.11%Net loans and leases to core deposits
69.11%Equity capital to assets
9.88%Core capital (leverage) ratio
9.71%Tier 1 risk-based capital ratio
14.71%Total risk-based capital ratio
Memoranda
$16Average assets
$33,242Average earning assets
$3,440Average equity
$31,613Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
352
Security State Bank
1600 Main Street, Tyndall, SD 57066
November 01, 1932
Full Service Brick and Mortar
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