First Dakota National Bank in Yankton, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Dakota National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 241Total employees (full-time equivalent)
  • $846,417Total assets
  • $25,995Cash and due from depository institutions
  • $4,804Interest-bearing balances
  • $112,891Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $646,016Net loans & leases
  • $8,452Loan loss allowance
  • $0Trading account assets
  • $20,326Bank premises and fixed assets
  • $11,420Other real estate owned
  • $3,606Goodwill and other intangibles
  • $846,417Life insurance assets
  • $26,163All other assets
  • $764,876Total liabilities and capital
  • $751,183Total liabilities
  • $614,461Total deposits
  • $751,183Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,059Trading liabilities
  • $0Other borrowed funds
  • $3,634Subordinated debt
  • $81,541All other liabilities
  • $81,541Total equity capital
  • $81,541Total bank equity capital
  • $0Perpetual preferred stock
  • $1,100Common stock
  • $15,334Surplus
  • $65,107Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,466Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,101Income earned, not collected on loans
  • $0Earning assets
  • $5,335Long-term assets (5+ years)
  • $763,711Average Assets, year-to-date
  • $171,022Average Assets, quarterly
  • $798,065Volatile liabilities
  • $825,432Insider loans
  • $696,569FHLB advances
  • $818,408Loans and leases held for sale
  • $14,154Unused loan commitments
  • $13,304Tier 1 (core) risk-based capital
  • $76,818Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $850Total unused commitments
  • $185,336Restructured Loans and leases
  • $7,981Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $42,149Total interest income
  • $6,339Total interest expense
  • $35,810Net interest income
  • $850Provision for loan and lease losses
  • $8,670Total noninterest income
  • $1,215Fiduciary activities
  • $2,114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,341Additional noninterest income
  • $27,737Total noninterest expense
  • $17,960Salaries and employee benefits
  • $2,590Premises and equipment expense
  • $7,187Additional noninterest expense
  • $15,893Pre-tax net operating income
  • $276Securities gains (losses)
  • $5,577Applicable income taxes
  • $10,592Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,592Net income attributable to bank
  • $0Net charge-offs
  • $10,592Cash dividends
  • $1,438Sale, conversion, retirement of capital stock, net
  • $4,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.83%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 4.95%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 13.39%Return on equity (ROE)
  • 8.08%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 59.11%Credit loss provision to net charge-offs
  • 11.64%Efficiency ratio
  • 62,358Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.65%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 69.85%Noncurrent assets plus other real estate owned to assets
  • 2.78%Noncurrent loans to loans
  • 1.85%Net loans and leases to deposits
  • 86.00%Net loans and leases to core deposits
  • 88.20%Equity capital to assets
  • 9.63%Core capital (leverage) ratio
  • 9.39%Tier 1 risk-based capital ratio
  • 11.03%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $798,065Average earning assets
  • $79,117Average equity
  • $723,479Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $203,928Managed Assets
  • 1Number of Accounts
  • $136,827Personal trust and agency accounts
  • $37,754Employee benefit-defined contribution accounts
  • $112Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $20,441Corporate trust and agency accounts
  • $262Investment management agency accounts
  • $40,266Other fiduciary accounts
  • $37,782Fiduciary accounts held in foreign offices
  • $210Non-managed Assets
  • 542Number of Accounts
  • $0Personal trust and agency accounts
  • $20,131Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $67,101Other retirement accounts
  • $4,443Corporate trust and agency accounts
  • $45,113Other fiduciary accounts
  • $12,360Fiduciary accounts held in foreign offices

List of branches

  • 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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