DIVISION OF BANKING INDUSTRY OVERVIEW Division Organization Chart
DIVISION OF BANKING INDUSTRY OVERVIEW
Division Organization Chart Division Counsel Brock Jensen Secretary of Labor and Regulation Marcia Hultman Bank Examiners COE, CFIRS, CTE Deputy Director Mike Dummer Todd Youngbluth Donald Berger Drew Haack CSBE Jordan La. Brie Michael Zellmer Brady Schlechter CSBE CEIC Max Eckrich COE Morgan Kronaizl Austin De. Lange Andy Buchmann Matt Svendsen Dane Campbell Nate Unzen Casson Campbell COE CSBE Director Bret Afdahl Tarin Smallfield CFIRS Banking Commission Jeff Erickson, Chair Johnson Doug Balvin Richard Westra Steve Hayes Licensee Examiners Michael Streyle Paul Giovannetti Trust Examiners Matt Schlechter Jim Benham CFIRS, CSTE CFIRS, CTE Brad Pesicka CFIRS, CTE Jonathon Sanborn CFIRS, CTE Chase Koskovich CTE Aspen Ruane CTE Casey Norgaard Matthew Wester Jordan Heckenlaible Deputy Director Scott Kelly CEIC, CFIRS, CSTE Lorna Webbg Commission Attorney Matt Bock Support Staff Delaine Campbell
General Information • State Chartered Banks: 48 • 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)
Millions SD Banking Profile Total Assets vs. Total Deposits $30 $25 $20 $15 Total Assets $10 Total Deposits $5 $0 97 998 999 000 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 1 2 2 2 2 2 1 2 2 19 SD Bank Charters vs. Bank Locations # of Charters # of Locations 90 450 80 400 70 50 350 # of Charters 300 # of Locations 250 40 200 30 150 60 97 998 999 000 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 1 1 2 2 2 2 2 19
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
Number of Banks per Category Number of Banks 4 1 10 Under $50 M 5 $50 M-$99 M $100 M-$299 M 2 $300 M-$499 M $500 M-999 M 13 13 $1 B-4. 99 B Over $5 B
Asset Composition Total Asset Composition ($000) $ 857, 095 $ 362, 019 $ 580, 550 $ 1, 230, 766 $ 19, 668 $ 4, 149, 599 Cash Total Securities Net Loans and Leases Premises and Fixed Assets OREO Intangible Assets All Other Assets $ 20, 209, 284 *Includes all State-chartered banks – 49 charters (Stickney included as of 6 -30 -18)
Composite Ratings - Banks 70 60 5 4 50 3 2 40 1 30 20 10 0 12/ 20 / 1 3 3 12 11 0 201 / 1 3 12/ 201 / 1 3 15 14 11/ 20 / 2 1 11/ 20 / 8 1 6 09/ 201 / 0 3 017 2 / 21 07/ 018 2 / 19 10/
Capital 20. 00% 17. 68% 18. 00% 16. 66% 16. 00% 15. 09% 15. 78% 14. 00% 12. 00% 11. 94% 11. 33% Average PD Ratio 10. 00% Median PD Ratio 8. 00% 6. 00% 4. 00% 2. 00% 0. 00% Tier 1 Leverage Capital Tier 1 Capital *Includes all State-chartered banks – 48 charters Total Capital
Asset Quality Past Due + NA's/Net Loans 2. 50% 2. 27% 2. 00% 1. 50% 1. 10% 1. 00% 0. 50% 0. 00% Average PD Ratio *Includes all State-chartered banks – 48 charters Median PD Ratio
Earnings 5. 00% 4. 39% 4. 50% 3. 89% 4. 00% 3. 50% 3. 00% Average 2. 50% Median 2. 00% 1. 50% 1. 36% 1. 32% 1. 00% 0. 50% 0. 00% ROAA *Includes all State-chartered banks – 48 charters NIM
Loan Volume and Funding 85. 00% 79. 52% 80. 00% 77. 85% 75. 00% Average 70. 00% Median 69. 93% 67. 21% 65. 00% 60. 00% Net LN & LS to Assets *Includes all State-chartered banks – 48 charters Core Deposits to Assets
Bank Examination Hours 30 20, 000 18, 000 25 16, 000 20 14, 000 15 12, 000 10 10, 000 5 8, 000 0 6, 000 2008 2009 2010 2011 2012 Exam Hours 2013 2014 # Exams 2015 2016 2017
Bank Examination Staff Banking Staff Tenure 16 14 12 Writing 10+ years 10 8 7 -10 years 5 -7 years 3 -5 years 6 4 <3 years 2 0 1 01 / 06 /2 01 /2 1 /0 06 0 / 06 3 01 2 1/ 12 /3 4 01 2 1/ /1 11 01 2 8/ 5 /0 09 01 2 1/ 6 /0 09 7 01 2 9/ /1 10 8 01 2 9/
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 Billion Trust Companies $ 350 100 90 $ 300 80 $ 250 70 60 $ 200 50 $ 150 40 30 $ 100 20 $ 50 10 $- 0 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 Trust Assets Trust Companies
Bank Trust Department Profile Billion Trust Departments $9 11 $8 10 $7 $6 9 $5 8 $4 $3 7 $2 6 $1 $0 5 03 04 05 06 07 08 09 10 Trust Assets 11 12 13 14 Departments 15 16 17
Trust Company Examinations 40 12 10 30 25 20 15 11 6 10 7 12 28 8 6 21 18 15 10 15 4 11 2 5 0 0 2013 2014 2015 Full-Time Trust Examiners 2016 Private Exams 2017 2018 Public Exams # of Trust Examiners # of Examinations 35 12
Trust Examiner Tenure 12 10 Writers # of Examiners 8 <1 year 1 -3 years 6 4 -10 years 10+ years 4 2 0 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018
SD Licensee Profile Total # Regulated Licensees – 4, 596 (10 -4 -18) 2, 400 2, 200 2, 000 1, 800 1, 600 1, 400 1, 200 1, 000 800 600 400 200 0 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Money Lenders Mortgage Loan Originators Money Transmitters FY 2016 FY 2017 FY 2018 FY 2019 Mortgage Brokers
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. 51 st Street, Suite 102 Sioux Falls, SD 57105
Wrap UP • Questions?
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