FDIC Certificate #: 3986 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CorTrust Bank National Association (#6063) Federal Reserve ID: 405753 Date Established: May 02, 1902 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 #: 2591 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 22, 2000 Last Structure Change Process Date: October 20, 2000 Last Data Update: October 20, 2000 Data Source Date: April 05, 2012
Location
Address: 174 East Fourth Street, Freeman, SD 57029 County: Hutchinson 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: $48.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
11Total employees (full-time equivalent)
$54,218Total assets
$3,951Cash and due from depository institutions
$0Interest-bearing balances
$20,459Securities
$9,341Federal funds sold & reverse repurchase agreements
$19,100Net loans & leases
$1,140Loan loss allowance
$0Trading account assets
$221Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,146All other assets
$54,218Total liabilities and capital
$49,710Total liabilities
$49,281Total deposits
$43,766Interest-bearing deposits
$49,281Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$139Other borrowed funds
$0Subordinated debt
$290All other liabilities
$4,508Total equity capital
$4,508Total bank equity capital
$4,508Perpetual preferred stock
$0Common stock
$56Surplus
$224Undivided profits
Memoranda
$4,228Noncurrent loans and leases
$3,242Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$174Earning assets
$0Long-term assets (5+ years)
$433Average Assets, year-to-date
$48,900Average Assets, quarterly
$8,929Volatile liabilities
$54,405Insider loans
$54,099FHLB advances
$3,749Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,242Total unused commitments
$0Restructured Loans and leases
$325Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,594Total interest income
$2,359Total interest expense
$1,235Net interest income
$980Provision for loan and lease losses
$85Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$24Additional noninterest income
$951Total noninterest expense
$571Salaries and employee benefits
$62Premises and equipment expense
$318Additional noninterest expense
-$612Pre-tax net operating income
$0Securities gains (losses)
-$283Applicable income taxes
-$328Income before extraordinary items
$0Extraordinary gains - net
-$328Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$65Sale, conversion, retirement of capital stock, net
$78Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.21%Yield on earning assets
4.73%Cost of funding earning assets
2.48%Net interest margin
0.17%Noninterest income to earning assets
1.91%Noninterest expense to earning assets
-0.60%Net operating income to assets
-0.60%Return on assets (ROA)
-1.12%Pretax return on assets
-6.54%Return on equity (ROE)
-8.09%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
1484.85%Credit loss provision to net charge-offs
5.66%Efficiency ratio
72,045Assets per employee
4.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
-23.78%Loss allowance to loans
5.63%Loss allowance to noncurrent loans
655.17%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.86%Net loans and leases to deposits
38.76%Net loans and leases to core deposits
41.82%Equity capital to assets
8.31%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
18.81%Total risk-based capital ratio
Memoranda
$20Average assets
$54,405Average earning assets
$5,019Average equity
$49,864Average loans
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