The First National Bank of Eden in Eden, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 15, 1997

The First National Bank of Eden in Eden, South Dakota (SD)
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The First National Bank of Eden - Overview

General
FDIC Certificate #: 3980
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Great Plains Bank (#505)
Federal Reserve ID: 283456
Date Established: October 30, 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 #: 2587
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: September 15, 1997
Last Structure Change Process Date: September 18, 1997
Last Data Update: September 18, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Eden, SD 57232
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: $7.8 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)
$4Total assets
$9,509Cash and due from depository institutions
$767Interest-bearing balances
$281Securities
$1,861Federal funds sold & reverse repurchase agreements
$1,300Net loans & leases
$5,415Loan loss allowance
$281Trading account assets
$0Bank premises and fixed assets
$5Other real estate owned
$0Goodwill and other intangibles
$161Life insurance assets
$0All other assets
$0Total liabilities and capital
$9,509Total liabilities
$8,307Total deposits
$8,075Interest-bearing deposits
$6,979Deposits held in domestic offices
8075.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$232Total equity capital
$232Total bank equity capital
$1,202Perpetual preferred stock
$0Common stock
$117Surplus
$535Undivided profits
Memoranda
$550Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$192Income earned, not collected on loans
$134Earning assets
$8,857Long-term assets (5+ years)
$1,196Average Assets, year-to-date
$9,427Average Assets, quarterly
$9,524Volatile liabilities
$2,182Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,087Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,202Total risk weighted assets
$6,551Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$804Total interest expense
$282Net interest income
$522Provision for loan and lease losses
$25Total noninterest income
$110Fiduciary activities
$0Service charges on deposit accounts
$58Trading account gains & fees
$0Additional noninterest income
$52Total noninterest expense
$292Salaries and employee benefits
$146Premises and equipment expense
$22Additional noninterest expense
$124Pre-tax net operating income
$315Securities gains (losses)
$0Applicable income taxes
$111Income before extraordinary items
$204Extraordinary gains - net
$0Net income attributable to bank
$204Net charge-offs
$22Cash dividends
$75Sale, 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
9.26%Cost of funding earning assets
3.25%Net interest margin
6.01%Noninterest income to earning assets
1.27%Noninterest expense to earning assets
3.36%Net operating income to assets
2.16%Return on assets (ROA)
2.16%Pretax return on assets
3.34%Return on equity (ROE)
17.52%Retained earnings to average equity (YTD only)
11.08%Net charge-offs to loans
0.39%Credit loss provision to net charge-offs
113.64%Efficiency ratio
46,203Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.76%Loss allowance to loans
4.93%Loss allowance to noncurrent loans
146.35%Noncurrent assets plus other real estate owned to assets
2.02%Noncurrent loans to loans
3.37%Net loans and leases to deposits
67.06%Net loans and leases to core deposits
91.89%Equity capital to assets
12.64%Core capital (leverage) ratio
12.88%Tier 1 risk-based capital ratio
18.35%Total risk-based capital ratio
Memoranda
$20Average assets
$9,427Average earning assets
$1,164Average equity
$8,679Average loans

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