First Dakota National Bank in Yankton, South Dakota (SD)

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First Dakota National Bank
GeneralFDIC Certificate #: 4028
Status: Active
Federal Reserve ID: 441256
Bank Holding Company (Regulatory Top Holder): First Dakota Financial Corporation (RSSDID: 1404687, Location: Yankton, SD)
Date Established: December 07, 1872
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 14 (Domestic: 14, Interstate: No)
OTS Docket #: 11787
FDIC's unique #: 2609
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 17, 2009
Last Structure Change Process Date: July 21, 2009
Last Data Update: July 21, 2009
Data Source Date: April 05, 2012
LocationAddress: 225 Cedar Street, Yankton, SD 57078
County: Yankton
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Yankton, SD (#49460)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $846.4 mil
Equity capital: $81.5 mil
Deposits held in domestic offices: $751.2 mil
Return on assets (ROA): 1.33% ($11.3 mil)
Quarterly return on assets: 1.24% ($10.5 mil)
Return on Equity (ROE): 13.39% ($11.0 mil)
Quarterly return on equity: 12.46% ($10.2 mil)
Net income: $10.6 mil
Quarterly Net income: $2.6 mil
Pretax return on assets: 2.03% ($17,182.3 mil)
Quarterly Pretax return on assets: 1.90% ($16,081.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)241
Total assets$846,417
Cash and due from depository institutions$25,995
Interest-bearing balances$4,804
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$646,016
Loan loss allowance $8,452
Trading account assets$0
Bank premises and fixed assets$20,326
Other real estate owned$11,420
Goodwill and other intangibles$3,606
All other assets$26,163
Life insurance assets$846,417
Total liabilities and capital$764,876
Total liabilities$751,183
Total deposits$614,461
Interest-bearing deposits$751,183
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,059
Other borrowed funds $0
Subordinated debt $3,634
All other liabilities $81,541
Total equity capital$81,541
Total bank equity capital$81,541
Perpetual preferred stock$0
Common stock$1,100
Undivided profits $65,107
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,466
Income earned, not collected on loans $12,101
Earning assets $0
Long-term assets (5+ years) $5,335
Average Assets, year-to-date $763,711
Average Assets, quarterly $171,022
Volatile liabilities $798,065
Insider loans $825,432
FHLB advances $696,569
Loans and leases held for sale $818,408
Unused loan commitments $14,154
Tier 1 (core) risk-based capital $13,304
Tier 2 risk-based capital $76,818
Total risk weighted assets $0
Total unused commitments $850
Restructured Loans and leases $185,336
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $42,149
Total interest expense $6,339
Net interest income $35,810
Provision for loan and lease losses $850
Total noninterest income $8,670
Fiduciary activities $1,215
Service charges on deposit accounts $2,114
Trading account gains & fees $0
Additional noninterest income $5,341
Total noninterest expense $27,737
Salaries and employee benefits $17,960
Premises and equipment expense $2,590
Additional noninterest expense $7,187
Pre-tax net operating income $15,893
Securities gains (losses) $276
Applicable income taxes $5,577
Income before extraordinary items $10,592
Extraordinary gains - net $0
Net income attributable to bank $10,592
Net charge-offs $0
Cash dividends $10,592
Sale, conversion, retirement of capital stock, net $1,438
Net operating income $4,200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.83%
Cost of funding earning assets 0.88%
Net interest margin 4.95%
Noninterest income to earning assets 1.20%
Noninterest expense to earning assets 3.83%
Net operating income to assets 1.30%
Return on assets (ROA) 1.33%
Pretax return on assets 2.03%
Return on equity (ROE) 13.39%
Retained earnings to average equity (YTD only) 8.08%
Net charge-offs to loans 0.23%
Credit loss provision to net charge-offs 59.11%
Efficiency ratio11.64%
Assets per employee$62,358
Cash dividends to net income (YTD only)3.51%
Condition Ratios (%)
Loss allowance to loans 39.65%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 69.85%
Noncurrent loans to loans 2.78%
Net loans and leases to deposits1.85%
Net loans and leases to core deposits 86.00%
Equity capital to assets 88.20%
Core capital (leverage) ratio 9.63%
Tier 1 risk-based capital ratio 9.39%
Total risk-based capital ratio 11.03%
Average assets$12
Average earning assets$798,065
Average equity $79,117
Average loans $723,479
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$203,928
Number of Accounts1
Personal trust and agency accounts$136,827
Employee benefit-defined contribution accounts$37,754
Employee benefit-defined benefit accounts$112
Other retirement accounts$0
Corporate trust and agency accounts$20,441
Investment management agency accounts$262
Other fiduciary accounts$40,266
Fiduciary accounts held in foreign offices$37,782
Non-managed Assets$210
Number of Accounts542
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$20,131
Employee benefit-defined benefit accounts$0
Other retirement accounts$67,101
Corporate trust and agency accounts$4,443
Other fiduciary accounts$45,113
Fiduciary accounts held in foreign offices$12,360
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14 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02609First Dakota National Bank225 Cedar Street, Yankton, SD 57078December 07, 1872Full Service Brick and Mortar
2208700First Dakota North Branch2105 Broadway Avenue, Yankton, SD 57078May 29, 1970Full Service Brick and Mortar
4208702Vermillion Branch111 Court Street, Vermillion, SD 57069October 01, 1979Full Service Brick and Mortar
52599Salem Branch301 North Main Street, Salem, SD 57058July 09, 1925Full Service Brick and Mortar
6282078Parkston Branch109 Main Street, Parkston, SD 57366July 18, 1955Full Service Brick and Mortar
7282077Wagner Main Branch10 High Ave Southwest, Wagner, SD 57380July 18, 1955Full Service Brick and Mortar
8202229Mitchell Branch500 East Norway Avenue, Mitchell, SD 57301August 06, 1999Full Service Brick and Mortar
91111Chamberlain Branch201 North Courtland Street, Chamberlain, SD 57325January 01, 1934Full Service Brick and Mortar
10189987Kimball Branch200 S. Main Street, Kimball, SD 57355October 09, 1962Full Service Brick and Mortar
11365731Mitchell North Main Branch1712 North Main, Mitchell, SD 57301November 18, 2002Full Service Brick and Mortar
12418439Sioux Falls Main Branch101 North Main Avenue, Sioux Falls, SD 57104March 03, 2003Full Service Brick and Mortar
13419192Sioux Falls South Louise Branch2400 South Louise Avenue, Sioux Falls, SD 57106June 02, 2003Full Service Brick and Mortar
14470510Oacoma Branch1000 East Sd Highway 16, Oacoma, SD 57365December 03, 2007Full Service Brick and Mortar
16513415Sioux Falls East Branch6100 East Silver Maple Circle, Sioux Falls, SD 57110September 27, 2010Full Service Brick and Mortar
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