DIVISION OF BANKING UPDATE - South Dakota · 2018. 11. 29. · SD Banking Profile $0 $5 $10 $15 $20 $25 $30 s Total Assets vs. Total Deposits Total Assets Total Deposits 150 200 250

DIVISION OF BANKING

UPDATE

Division Organization Chart

Matthew Wester

Chase Koskovich

CTE

Jim BenhamCFIRS, CTE

Paul Giovannetti

Dane Campbell

Andy Buchmann

Morgan Kronaizl

Michael ZellmerCEIC

Donald BergerCSBE

Jordan

Heckenlaible

Aspen Ruane

CTE

Brad Pesicka

CFIRS, CTE

Nate Unzen

Matt Svendsen

Austin DeLange

Brady SchlechterCEIC

Drew HaackCSBE

Todd YoungbluthCSBE

Max Eckrich

COE

Jordan LaBrieCSBE

Casson Campbell

COE

Tarin Smallfield

Michael Streyle

Matt SchlechterCFIRS, CSTE

Jonathon Sanborn

CFIRS, CTE

Casey Norgaard

Bank Examiners

Licensee

Examiners

Trust Examiners

Deputy Director

Mike DummerCSBE

Deputy Director

Scott KellyCEIC, CFIRS, CSTE

Lorna Webbg

Delaine Campbell

Support Staff

Division Counsel

Brock JensenCOE, CFIRS, CTE

Director

Bret AfdahlCFIRS

Secretary of Labor and

Regulation

Marcia Hultman

Banking Commission

Jeff Erickson, Chair

John Johnson

Doug Balvin

Richard Westra

Steve Hayes

Commission Attorney

Matt Bock

General Information

• State Chartered Banks: 48

– Includes FSB Warner, PSB Summit, FSB Wilmot

• Total Assets: $26,954,956,000

– Largest Bank: Great Western Bank, Sioux Falls ($12,001,701,000)

– Smallest Bank: Farmers State Bank, Hosmer ($20,056,000)

SD Banking Profile

$0

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Bill

ion

s

Total Assets vs. Total Deposits

Total Assets

Total Deposits

150

200

250

300

350

400

450

30

40

50

60

70

80

90

# of Locations# of Charters SD Bank Charters vs. Bank Locations

# of Charters

# of Locations

2018 BANK TRANSACTIONS• First State Bank, Warner, SD merger with First State Bank of ND• Farmers State Bank, Stickney, SD merger with American Bank & Trust,

Wessington Springs, SD• Bryant Bancshares acquired Richland State Bank, Bruce, SD• Branch application Security State Bank, Tyndall, SD (Viborg, SD)• Branch applications Great Western Bank, Sioux Falls, SD (Denver, CO;

Cedar Falls, IA; Scottsdale, AZ)• Loan production office applications Great Western Bank (Wichita, KS;

Yuma, AZ)• Branch closure applications Great Western Bank (Sioux Falls, SD &

Denver, CO)• Branch closure application First State Bank of Claremont, Groton, SD

(Claremont, SD; Columbia, SD)• Security Savings Bank, Canton, SD merger application with Exchange

State Bank, Luverne, MN• First American State Bank, Oldham, SD merger with First National Bank,

Slayton, MN

Number of Banks per Category

10

13

13

2

5

41Number of Banks

Under $50M

$50M-$99M

$100M-$299M

$300M-$499M

$500M-999M

$1B-4.99B

Over $5B

Asset Composition

$1,230,766

$4,149,599

$20,209,284

$362,019 $19,668

$857,095 $580,550

Total Asset Composition ($000)

Cash

Total Securities

Net Loans and Leases

Premises and Fixed Assets

OREO

Intangible Assets

All Other Assets

*Includes all State-chartered banks – 49 charters (Stickney included as of 6-30-18)

Composite Ratings - Banks

0

10

20

30

40

50

60

70

1

2

3

4

5

Capital

11.94%

16.66%

17.68%

11.33%

15.09%15.78%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

Tier 1 Leverage Capital Tier 1 Capital Total Capital

Average PD Ratio

Median PD Ratio

*Includes all State-chartered banks – 48 charters

Asset Quality

2.27%

1.10%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

Average PD Ratio Median PD Ratio

Past Due + NA's/Net Loans

*Includes all State-chartered banks – 48 charters

Earnings

1.32%

4.39%

1.36%

3.89%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

ROAA NIM

Average

Median

*Includes all State-chartered banks – 48 charters

Loan Volume and Funding

67.21%

77.85%

69.93%

79.52%

60.00%

62.00%

64.00%

66.00%

68.00%

70.00%

72.00%

74.00%

76.00%

78.00%

80.00%

82.00%

Net LN & LS to Assets Core Deposits to Assets

Average

Median

*Includes all State-chartered banks – 48 charters

Bank Examination Hours

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

0

5

10

15

20

25

30

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Exam Hours # Exams

Bank Examination Staff

0

2

4

6

8

10

12

14

16

Banking Staff Tenure

10+ years

7-10 years

5-7 years

3-5 years

Trust Company Overview

Year-End 2018 Projected Stats:

• SD Trust Companies = 99

– Public Trust Companies: 60

– Private Trust Companies: 39

Year-End 2017 Asset Stats:

• Total Assets = $293,512,383,000

– Public Trust Companies: $215,697,996,000

– Private Trust Companies: $ 77,814,387,000

Trust Company Profile

0

10

20

30

40

50

60

70

80

90

100

$-

$50

$100

$150

$200

$250

$300

$350

96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17

Trust CompaniesBillion

Trust Assets Trust Companies

Bank Trust Department Profile

5

6

7

8

9

10

11

$0

$1

$2

$3

$4

$5

$6

$7

$8

$9

03 04 05 06 07 08 09 10 11 12 13 14 15 16 17

Trust DepartmentsBillion

Trust Assets Departments

Trust Company Examinations

15

11

15

21

18

28

6 10

117

12

12

0

2

4

6

8

10

12

0

5

10

15

20

25

30

35

40

2013 2014 2015 2016 2017 2018

# o

f Tr

ust

Exa

min

ers

# o

f Ex

amin

atio

ns

Private Exams Public Exams Full-Time Trust Examiners

Trust Examiner Tenure

0

2

4

6

8

10

12

12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018

# o

f Ex

amin

ers

SD Licensee Profile

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019

Total # Regulated Licensees – 4,596 (10-4-18)

Money Lenders Mortgage Lenders Mortgage Brokers

Mortgage Loan Originators Money Transmitters

CSBS Accreditation

• Division first accredited in 2007

• Reaccredited in 2012

• Reaccredited again in 2017

• Areas to improve:

– IT examinations

– Technology service provider exams

– More consumer education and literacy

Division Locations

South Dakota Division of Banking

1601 N. Harrison Avenue, Suite 1

Pierre, SD 57501

Ph: 605-773-3421; Fax: 1-866-326-7504

1500 W. 51st Street, Suite 102

Sioux Falls, SD 57105

Wrap UP

• Questions?