First Midwest Bank (SD)

First Midwest Bank (SD) is headquartered in Centerville and is the 42^nd largest bank in the state of South Dakota. It is also the 5,253^rd largest bank in the nation. It was established in 1883 and as of March of 2012, it had grown to 27 employees at 3 locations. First Midwest Bank (SD) has a 3-star health rating.

First Midwest Bank (SD) CD Rates

Data for Q1 2012

Institution Statistics First Midwest Bank FDIC Certificate # 6078 BankRate Report View Year Established 1883 Employees 27 Primary Regulator FDIC Assets and Liabilities Assets $88.87 million Loans $57.64 million Deposits $76.80 million Equity Capital $10.64 million Loan Loss Allowance $629,000 Unbacked Noncurrent Loans $3.28 million Real Estate Owned $4.90 million Historic Data - March 2011 Assets $115.98 million Equity Capital $11.49 million Unbacked Noncurrent Loans $1.88 million Real Estate Owned $7.79 million Profit Margin - Quarterly Net Interest Margin 4.09% Return on Assets 0.94% Return on Equity 8.06% Interest Income $1.00 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Midwest Bank (SD) had $8.18 million in non-current loans and owned real-estate with $11.27 million in equity and loan loss allowances on hand to cover it. This gives First Midwest Bank (SD) a Texas Ratio of 72.59% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Midwest Bank (SD) held steady from 84.22% as of March 31, 2011 to 72.59% as of March 31, 2012, resulting in a positive change of 13.81%.This indicates that the balance sheet and financial strength for First Midwest Bank (SD) has held steady in recent periods. Deposit Growth In the past year, First Midwest Bank (SD) has decreased its total deposits by -$22.11 million, resulting in -22.35% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Midwest Bank (SD) has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Midwest Bank (SD) has $88.87 million in assets with $11.27 million in equity, resulting in a capitalization level of 12.68%, which is excellent.

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