FDIC Certificate #: 33868 Status: Active Federal Reserve ID: 2142016 Date Established: January 07, 1994 WWW:http://www.target.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 48176 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 07, 1994 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: 3901 West 53rd Street, Sioux Falls, SD 57106 County: Minnehaha 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 Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760) Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620) CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $149.3 mil Equity capital: $55.8 mil Deposits held in domestic offices: $67.9 mil Return on assets (ROA): 11.41% ($17.0 mil) Quarterly return on assets: 11.95% ($17.8 mil) Return on Equity (ROE): 25.67% ($14.4 mil) Quarterly return on equity: 28.56% ($16.0 mil) Net income: $14.2 mil Quarterly Net income: $4.0 mil Pretax return on assets: 18.67% ($27,875.6 mil) Quarterly Pretax return on assets: 19.71% ($29,428.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
98Total employees (full-time equivalent)
$149,307Total assets
$0Cash and due from depository institutions
$0Interest-bearing balances
$39,299Securities
$0Federal funds sold & reverse repurchase agreements
$57,488Net loans & leases
$0Loan loss allowance
$0Trading account assets
$9,832Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$149,307Life insurance assets
$42,688All other assets
$93,549Total liabilities and capital
$67,884Total liabilities
$67,884Total deposits
$67,884Interest-bearing deposits
$1Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$25,665Subordinated debt
$55,758All other liabilities
$55,758Total equity capital
$55,758Total bank equity capital
$0Perpetual preferred stock
$2,000Common stock
$2,000Surplus
$51,758Undivided profits
Memoranda
$0Noncurrent loans and leases
$57,488Noncurrent 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)
$96,787Average Assets, year-to-date
$100Average Assets, quarterly
$124,248Volatile liabilities
$133,254Insider loans
$117,800FHLB advances
$136,024Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$55,758Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$20,214,675Restructured Loans and leases
$181Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,043Total interest income
$244Total interest expense
$1,799Net interest income
$0Provision for loan and lease losses
$315,877Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$315,877Additional noninterest income
$294,482Total noninterest expense
$4,099Salaries and employee benefits
$1,596Premises and equipment expense
$288,787Additional noninterest expense
$23,194Pre-tax net operating income
$0Securities gains (losses)
$9,017Applicable income taxes
$14,177Income before extraordinary items
$0Extraordinary gains - net
$14,177Net income attributable to bank
$0Net charge-offs
$14,177Cash dividends
$0Sale, conversion, retirement of capital stock, net
$14,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.96%Yield on earning assets
0.35%Cost of funding earning assets
2.61%Net interest margin
457.44%Noninterest income to earning assets
426.45%Noninterest expense to earning assets
11.41%Net operating income to assets
11.41%Return on assets (ROA)
18.67%Pretax return on assets
25.67%Return on equity (ROE)
0.32%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
92,699Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.75%Loss allowance to loans
0.00%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
84.69%Net loans and leases to core deposits
0.00%Equity capital to assets
37.34%Core capital (leverage) ratio
40.99%Tier 1 risk-based capital ratio
47.33%Total risk-based capital ratio
Memoranda
$47Average assets
$124,248Average earning assets
$55,221Average equity
$69,054Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
48176
Target National Bank
3901 West 53rd Street, Sioux Falls, SD 57106
January 07, 1994
Full Service Brick and Mortar
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