Stockmens Bank, National Association in Martin, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1997

Stockmens Bank, National Association in Martin, South Dakota (SD)
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Stockmens Bank, National Association - Overview

General
FDIC Certificate #: 6081
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Stockmens National Bank (#5468)
Federal Reserve ID: 302254
Date Established: July 19, 1919
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 4105
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 01, 1997
Last Structure Change Process Date: December 30, 1997
Last Data Update: December 30, 1997
Data Source Date: April 05, 2012
Location
Address: 401 Third Avenue, Martin, SD 57551
County: Bennett
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: $22.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$21,787Cash and due from depository institutions
$1,633Interest-bearing balances
$0Securities
$4,049Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$14,348Loan loss allowance
$212Trading account assets
$0Bank premises and fixed assets
$1,055Other real estate owned
$0Goodwill and other intangibles
$702Life insurance assets
$0All other assets
$0Total liabilities and capital
$21,787Total liabilities
$18,573Total deposits
$17,435Interest-bearing deposits
$12,417Deposits held in domestic offices
17435.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$950Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$188Total equity capital
$188Total bank equity capital
$3,214Perpetual preferred stock
$0Common stock
$100Surplus
$2,685Undivided profits
Memoranda
$429Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$803Income earned, not collected on loans
$497Earning assets
$18,397Long-term assets (5+ years)
$1,611Average Assets, year-to-date
$20,976Average Assets, quarterly
$21,571Volatile liabilities
$2,865Insider loans
$403FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,174Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,202Total risk weighted assets
$17,670Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,673Total interest expense
$581Net interest income
$1,092Provision for loan and lease losses
$60Total noninterest income
$232Fiduciary activities
$0Service charges on deposit accounts
$187Trading account gains & fees
$0Additional noninterest income
$45Total noninterest expense
$798Salaries and employee benefits
$373Premises and equipment expense
$175Additional noninterest expense
$250Pre-tax net operating income
$466Securities gains (losses)
$0Applicable income taxes
$116Income before extraordinary items
$350Extraordinary gains - net
$0Net income attributable to bank
$350Net charge-offs
$56Cash dividends
$370Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.32%Cost of funding earning assets
3.24%Net interest margin
6.09%Noninterest income to earning assets
1.29%Noninterest expense to earning assets
4.45%Net operating income to assets
1.67%Return on assets (ROA)
1.67%Pretax return on assets
2.22%Return on equity (ROE)
10.75%Retained earnings to average equity (YTD only)
-0.61%Net charge-offs to loans
0.39%Credit loss provision to net charge-offs
107.14%Efficiency ratio
60,272Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.71%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
26.40%Noncurrent assets plus other real estate owned to assets
3.69%Noncurrent loans to loans
5.52%Net loans and leases to deposits
82.29%Net loans and leases to core deposits
92.45%Equity capital to assets
14.75%Core capital (leverage) ratio
15.10%Tier 1 risk-based capital ratio
18.12%Total risk-based capital ratio
Memoranda
$19Average assets
$20,976Average earning assets
$3,256Average equity
$17,945Average loans

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