The McCook County National Bank of Salem in Salem, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

The McCook County National Bank of Salem in Salem, South Dakota (SD)
Show street view No street view available for this location

The McCook County National Bank of Salem - Overview

General
FDIC Certificate #: 4013
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Dakota National Bank (#4028)
Federal Reserve ID: 190152
Date Established: July 09, 1925
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 #: 2599
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: April 01, 1993
Last Structure Change Process Date: April 13, 1993
Last Data Update: April 13, 1993
Data Source Date: April 05, 2012
Location
Address: 301 North Main Street, Salem, SD 57058
County: Mccook
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
Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
Financial Summary
Total assets: $41.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$45,207Cash and due from depository institutions
$6,023Interest-bearing balances
$3,659Securities
$14,266Federal funds sold & reverse repurchase agreements
$2,700Net loans & leases
$19,331Loan loss allowance
$865Trading account assets
$0Bank premises and fixed assets
$663Other real estate owned
$0Goodwill and other intangibles
$1,606Life insurance assets
$618All other assets
$0Total liabilities and capital
$45,207Total liabilities
$41,085Total deposits
$40,218Interest-bearing deposits
$36,801Deposits held in domestic offices
40218.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$867Total equity capital
$867Total bank equity capital
$4,122Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,212Undivided profits
Memoranda
$-90Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$43Income earned, not collected on loans
$455Earning assets
$39,956Long-term assets (5+ years)
$7,246Average Assets, year-to-date
$43,461Average Assets, quarterly
$43,882Volatile liabilities
$2,837Insider loans
$41FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,990Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,504Total risk weighted assets
$27,850Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,492Total interest expense
$1,782Net interest income
$1,710Provision for loan and lease losses
$200Total noninterest income
$170Fiduciary activities
$0Service charges on deposit accounts
$73Trading account gains & fees
$0Additional noninterest income
$97Total noninterest expense
$1,081Salaries and employee benefits
$454Premises and equipment expense
$98Additional noninterest expense
$529Pre-tax net operating income
$599Securities gains (losses)
$16Applicable income taxes
$197Income before extraordinary items
$418Extraordinary gains - net
$0Net income attributable to bank
$418Net charge-offs
-$109Cash dividends
$2,525Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.79%Cost of funding earning assets
4.48%Net interest margin
4.30%Noninterest income to earning assets
0.43%Noninterest expense to earning assets
2.72%Net operating income to assets
0.94%Return on assets (ROA)
0.96%Pretax return on assets
1.42%Return on equity (ROE)
8.52%Retained earnings to average equity (YTD only)
-42.96%Net charge-offs to loans
-0.51%Credit loss provision to net charge-offs
-183.49%Efficiency ratio
57,500Assets per employee
3.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
604.07%Loss allowance to loans
4.28%Loss allowance to noncurrent loans
2011.63%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.21%Net loans and leases to deposits
48.07%Net loans and leases to core deposits
51.71%Equity capital to assets
9.12%Core capital (leverage) ratio
8.55%Tier 1 risk-based capital ratio
12.58%Total risk-based capital ratio
Memoranda
$14Average assets
$43,461Average earning assets
$4,905Average equity
$39,741Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The McCook County National Bank of Salem.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.