Bankfirst
Sioux Falls, SD — State Member Bank
Acquired Jul 2009
Vitals
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Total Assets210.8M -39.1 %
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Total Deposits232.2M -22.7 %
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Total Net Loans114.9M -48.1 %
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Net Income
-
Book Value
-
Book Value x2
-
Book Value x3
Balance Sheet Highlights
Financial Highlights | Bankfirst | All Insured Commercial Banks in South Dakota |
Balance Sheet $(000) | ||
Total Assets | 210,844 | 178,275 |
Total Net Loans | 114,937 | 120,468 |
Total Deposits | 232,203 | 140,867 |
Total Equity | — | 23,738 |
Profitability | ||
Net Income | — | 53,022 |
Return on Average Assets | — | 1.516 |
Return on Average Equity | — | 10.54 |
Net Interest Margin | .812 | 4.087 |
Efficiency Ratio | — | 67.055 |
Noninterest Income/Revenue | 60.063 | |
Balance Sheet Ratios | ||
Loan-to-Deposit | 49.499 | 78.534 |
Securities/Assets | .08 | 8.819 |
Total Equity/Total Assets | .133 | |
Tangible Equity/Tangible Assets | -8.948 | |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | — | 20,751 |
Tier 2 Capital | — | 2,128 |
Total Capital | — | 22,406 |
Total Risk Weighted Assets | 171,403 | 135,857 |
Leverage Ratio | — | 10.764 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | — | 15.016 |
Total Capital Ratio | — | 16.139 |
Timeline for Bankfirst
First Dakota National Bank
Bankfirst was acquired by First Dakota National Bank 15 years
View Profile Jul 18 2009Alerus Financial, National Association
Bankfirst was acquired by Alerus Financial, National Association 15 years
View Profile Jul 18 2009Intangible Asset Holdings Corp.
Intangible Asset Holdings Corp. became a new subsidiary organization for Bankfirst.
View Profile Aug 30 2007Sioux Empire Community Development Corp.
Sioux Empire Community Development Corp. became a new subsidiary organization for Bankfirst.
View Profile May 22 2007Bf-Reo, Llc
Bf-Reo, Llc became a new subsidiary organization for Bankfirst.
View Profile May 01 2007Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First Dakota National Bank | Buyer | 1,430,879 | Failure | 7/18/2009 | |
Alerus Financial, National Association | Buyer | 1,933,711 | Failure | 7/18/2009 | |
Minnesota Bankfirst | Seller | 162,400 | Pooling of Interests | Discontinued | 6/14/1999 |
Bankfirst National Association | Seller | 70,201 | Pooling of Interests | Discontinued | 12/7/1995 |
Relationships | Role | Relationship Start | Relationship End |
Marshall Bankfirst Corporation | Parent | 1/6/2005 | 7/17/2009 |
Bankfirst Corporation, Inc | Parent | 12/7/1995 | 1/5/2005 |
Sioux Empire Community Development Corp. | Subsidary | 5/22/2007 | 7/17/2009 |
Intangible Asset Holdings Corp. | Subsidary | 8/30/2007 | 7/17/2009 |
Bf-Reo, Llc | Subsidary | 5/1/2007 | 7/17/2009 |
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