FDIC Certificate #: 16385 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty National Bank (#57505) Federal Reserve ID: 465850 Date Established: May 03, 1943 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 12858 FDIC's unique #: 10564 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 06, 1946 Last Structure Change Effective Date: October 27, 2008 Last Structure Change Process Date: December 05, 2008 Last Data Update: December 05, 2008 Data Source Date: April 05, 2012
Location
Address: 112 East Main Street, Elk Point, SD 57025 County: Union 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 Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512) Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580) CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
Financial Summary
Total assets: $83.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
24Total employees (full-time equivalent)
$75,500Total assets
$5,555Cash and due from depository institutions
$2,907Interest-bearing balances
$12,742Securities
$3,462Federal funds sold & reverse repurchase agreements
$48,761Net loans & leases
$697Loan loss allowance
$0Trading account assets
$1,572Bank premises and fixed assets
$2,129Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,279All other assets
$75,500Total liabilities and capital
$67,642Total liabilities
$63,371Total deposits
$36,635Interest-bearing deposits
$63,371Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$271All other liabilities
$7,858Total equity capital
$7,858Total bank equity capital
$7,858Perpetual preferred stock
$0Common stock
$400Surplus
$2,100Undivided profits
Memoranda
$5,358Noncurrent loans and leases
$10,843Noncurrent 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)
$624Average Assets, year-to-date
$67,872Average Assets, quarterly
$4,046Volatile liabilities
$73,818Insider loans
$74,857FHLB advances
$5,872Loans and leases held for sale
$255Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$714Total risk weighted assets
$10,843Total unused commitments
$0Restructured Loans and leases
$697Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$4,765Total interest income
$1,634Total interest expense
$3,131Net interest income
$0Provision for loan and lease losses
$696Total noninterest income
$49Fiduciary activities
$335Service charges on deposit accounts
$0Trading account gains & fees
$312Additional noninterest income
$2,876Total noninterest expense
$1,577Salaries and employee benefits
$451Premises and equipment expense
$848Additional noninterest expense
$951Pre-tax net operating income
$0Securities gains (losses)
$51Applicable income taxes
$900Income before extraordinary items
$0Extraordinary gains - net
$900Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$44Sale, conversion, retirement of capital stock, net
$835Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
2.44%Cost of funding earning assets
4.68%Net interest margin
1.04%Noninterest income to earning assets
4.30%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.29%Pretax return on assets
11.74%Return on equity (ROE)
0.85%Retained earnings to average equity (YTD only)
-0.09%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,150Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.78%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
2.82%Noncurrent loans to loans
0.00%Net loans and leases to deposits
76.95%Net loans and leases to core deposits
84.80%Equity capital to assets
10.41%Core capital (leverage) ratio
10.40%Tier 1 risk-based capital ratio
13.94%Total risk-based capital ratio
Memoranda
$15Average assets
$73,818Average earning assets
$7,665Average equity
$66,945Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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