State-chartered banks shall pay a semiannual fee for examinations on total assets reported on the report of condition for June and December at the following rates:

1. (1) Five and one-half cents per $1,000 of assets up to and including $100,000,000; plus
2. (2) Five and one-quarter cents per $1,000 of assets over $100,000,000 up to and including $300,000,000; plus
3. (3) Five cents per $1,000 of assets over $300,000,000 up to and including $500,000,000; plus
4. (4) Four and three-quarters cents per $1,000 of all assets over $500,000,000 up to and including $1,000,000,000; plus

5. (5) One cent per $1,000 of assets over $1,000,000,000.

   Non-depository banks shall be assessed an additional semiannual fee of $500.

   The division shall maintain on its website a fee calculator to be used for the purpose of calculating the semi-annual examination fee owed by each bank. The formulas used to operate the fee calculator shall be available upon request.

Source: SL 1975, ch 16, § 1; 4 SDR 33, effective December 19, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 14 SDR 46, effective September 28, 1987; 19 SDR 85, effective December 14, 1992; 21 SDR 111, effective December 22, 1994; 22 SDR 133, effective April 24, 1996; 23 SDR 151, effective April 1, 1997; 24 SDR 119, effective March 29, 1998; 26 SDR 6, effective July 26, 1999; 29 SDR 182, effective July 6, 2003; 31 SDR 165, effective May 11, 2005; 33 SDR 212, effective June 6, 2007; 35 SDR 285, effective June 9, 2009.

General Authority: SDCL 51A-2-13 , 51A-2-36.

Law Implemented: SDCL 51A-2-36.