Western Bank in city_name, state_name - Detailed Financial Reports, Location

Western Bank in Sioux Falls, South Dakota (SD)
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Western Bank - Overview

General
FDIC Certificate #: 18122
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank of South Dakota (National Association) (#4017)
Federal Reserve ID: 432656
Date Established: November 30, 1959
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Interstate: No)
OTS Docket #: 11647
FDIC's unique #: 12044
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 30, 1959
Last Structure Change Effective Date: June 17, 1995
Last Structure Change Process Date: July 10, 1995
Last Data Update: July 10, 1995
Data Source Date: April 05, 2012
Location
Address: 100 North Phillips Avenue, Sioux Falls, SD 57102
County: Minnehaha
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
Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
Financial Summary
Total assets: $353.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$193Total assets
$319,034Cash and due from depository institutions
$20,805Interest-bearing balances
$0Securities
$46,994Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$232,910Loan loss allowance
$1,736Trading account assets
$996Bank premises and fixed assets
$6,985Other real estate owned
$1,022Goodwill and other intangibles
$8,901Life insurance assets
$421All other assets
$0Total liabilities and capital
$319,034Total liabilities
$293,135Total deposits
$266,128Interest-bearing deposits
$219,974Deposits held in domestic offices
266128.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$7,170Trading liabilities
$0Other borrowed funds
$17,266Subordinated debt
$0All other liabilities
$2,571Total equity capital
$2,571Total bank equity capital
$25,899Perpetual preferred stock
$0Common stock
$9,500Surplus
$1,900Undivided profits
Memoranda
$14,499Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,795Income earned, not collected on loans
$2,490Earning assets
$280,900Long-term assets (5+ years)
$25,177Average Assets, year-to-date
$320,725Average Assets, quarterly
$322,054Volatile liabilities
$30,868Insider loans
$435FHLB advances
$0Loans and leases held for sale
$3,995Unused loan commitments
$32,319Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$25,561Total risk weighted assets
$251,176Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$24,155Total interest expense
$9,008Net interest income
$15,147Provision for loan and lease losses
$183Total noninterest income
$3,435Fiduciary activities
$413Service charges on deposit accounts
$2,256Trading account gains & fees
-$1,934Additional noninterest income
$2,700Total noninterest expense
$13,677Salaries and employee benefits
$7,794Premises and equipment expense
$1,632Additional noninterest expense
$4,251Pre-tax net operating income
$4,722Securities gains (losses)
-$1,104Applicable income taxes
$1,348Income before extraordinary items
$2,270Extraordinary gains - net
$0Net income attributable to bank
$2,270Net charge-offs
$611Cash dividends
$2,475Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.40%Cost of funding earning assets
3.13%Net interest margin
5.27%Noninterest income to earning assets
1.20%Noninterest expense to earning assets
4.76%Net operating income to assets
0.93%Return on assets (ROA)
0.71%Pretax return on assets
1.13%Return on equity (ROE)
8.82%Retained earnings to average equity (YTD only)
-0.80%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
29.95%Efficiency ratio
72,963Assets per employee
1.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
109.03%Loss allowance to loans
0.74%Loss allowance to noncurrent loans
96.71%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
0.76%Net loans and leases to deposits
87.52%Net loans and leases to core deposits
94.78%Equity capital to assets
8.12%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
10.18%Total risk-based capital ratio
Memoranda
$11Average assets
$320,725Average earning assets
$25,726Average equity
$287,429Average loans

Western Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Western Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

Western Bank in Sioux Falls, South Dakota (SD)Overview, Financial Summary, Detailed Financial Reports, Branches

Western Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

Western Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches