FDIC Certificate #: 1685 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Western Bank (#488) Federal Reserve ID: 343556 Date Established: January 01, 1906 WWW:http://www.firstwesternbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15550 FDIC's unique #: 1108 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 29, 2006 Last Structure Change Process Date: October 19, 2006 Last Data Update: October 19, 2006 Data Source Date: April 05, 2012
Location
Address: 648 Mt. Rushmore Road, Custer, SD 57730 County: Custer 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: $100.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
24Total employees (full-time equivalent)
$96,556Total assets
$4,246Cash and due from depository institutions
$83Interest-bearing balances
$18,620Securities
$3,700Federal funds sold & reverse repurchase agreements
$66,972Net loans & leases
$993Loan loss allowance
$0Trading account assets
$1,750Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,268All other assets
$96,556Total liabilities and capital
$87,484Total liabilities
$86,030Total deposits
$70,839Interest-bearing deposits
$86,030Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,204Other borrowed funds
$0Subordinated debt
$250All other liabilities
$9,072Total equity capital
$9,072Total bank equity capital
$9,072Perpetual preferred stock
$0Common stock
$200Surplus
$6,200Undivided profits
Memoranda
$2,672Noncurrent loans and leases
$12,266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$374Earning assets
$0Long-term assets (5+ years)
$902Average Assets, year-to-date
$89,375Average Assets, quarterly
$8,946Volatile liabilities
$98,465Insider loans
$97,113FHLB advances
$9,790Loans and leases held for sale
$2,408Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$253Total risk weighted assets
$12,266Total unused commitments
$0Restructured Loans and leases
$937Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$5,614Total interest income
$1,867Total interest expense
$3,747Net interest income
$0Provision for loan and lease losses
$418Total noninterest income
$0Fiduciary activities
$217Service charges on deposit accounts
$0Trading account gains & fees
$201Additional noninterest income
$2,143Total noninterest expense
$909Salaries and employee benefits
$300Premises and equipment expense
$934Additional noninterest expense
$2,022Pre-tax net operating income
$1Securities gains (losses)
$87Applicable income taxes
$1,936Income before extraordinary items
$0Extraordinary gains - net
$1,936Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$15Sale, conversion, retirement of capital stock, net
$2,090Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.15%Yield on earning assets
2.04%Cost of funding earning assets
4.10%Net interest margin
0.46%Noninterest income to earning assets
2.35%Noninterest expense to earning assets
1.97%Net operating income to assets
1.97%Return on assets (ROA)
2.05%Pretax return on assets
20.90%Return on equity (ROE)
-1.66%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
51,453Assets per employee
4.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
107.95%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
265.51%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.55%Net loans and leases to deposits
77.85%Net loans and leases to core deposits
86.48%Equity capital to assets
9.40%Core capital (leverage) ratio
9.53%Tier 1 risk-based capital ratio
12.28%Total risk-based capital ratio
Memoranda
$14Average assets
$98,465Average earning assets
$9,265Average equity
$91,359Average loans
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