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

First National Bank South Dakota - Overview

  • General
  • FDIC Certificate #: 18613
    Status: Active
    Federal Reserve ID: 379359
    Bank Holding Company (Regulatory Top Holder): Lauritzen Corporation (RSSDID: 1066209, Location: Omaha, NE)
    Date Established: October 05, 1962
    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: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 12498
    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: October 05, 1962
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 332 Broadway, 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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $419.7 mil
    Equity capital: $47.3 mil
    Deposits held in domestic offices: $370.3 mil
    Return on assets (ROA): -0.37% (-$1.6 mil)
    Quarterly return on assets: -0.20% (-$0.8 mil)
    Return on Equity (ROE): -3.17% (-$1.5 mil)
    Quarterly return on equity: -1.75% (-$0.8 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.62% (-$2,602.4 mil)
    Quarterly Pretax return on assets: -0.21% (-$881.5 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
  • 99Total employees (full-time equivalent)
  • $419,743Total assets
  • $114,542Cash and due from depository institutions
  • $104,666Interest-bearing balances
  • $78,939Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $199,679Net loans & leases
  • $3,872Loan loss allowance
  • $0Trading account assets
  • $3,081Bank premises and fixed assets
  • $0Other real estate owned
  • $14,666Goodwill and other intangibles
  • $419,743Life insurance assets
  • $8,836All other assets
  • $372,403Total liabilities and capital
  • $370,285Total liabilities
  • $324,858Total deposits
  • $370,285Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,118Subordinated debt
  • $47,340All other liabilities
  • $47,340Total equity capital
  • $47,340Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $18,550Surplus
  • $28,190Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $888Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,238Income earned, not collected on loans
  • $199Earning assets
  • $2,701Long-term assets (5+ years)
  • $383,284Average Assets, year-to-date
  • $47,365Average Assets, quarterly
  • $404,978Volatile liabilities
  • $410,262Insider loans
  • $191,380FHLB advances
  • $393,889Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,072Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $57,517Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,499Total interest income
  • $2,446Total interest expense
  • $12,053Net interest income
  • $2,094Provision for loan and lease losses
  • $337Total noninterest income
  • $800Fiduciary activities
  • $841Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,304Additional noninterest income
  • $13,196Total noninterest expense
  • $7,323Salaries and employee benefits
  • $1,160Premises and equipment expense
  • $4,713Additional noninterest expense
  • -$2,900Pre-tax net operating income
  • $405Securities gains (losses)
  • -$985Applicable income taxes
  • -$1,510Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,510Net income attributable to bank
  • $0Net charge-offs
  • -$1,510Cash dividends
  • $1,808Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.98%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • -0.44%Net operating income to assets
  • -0.37%Return on assets (ROA)
  • -0.62%Pretax return on assets
  • -3.17%Return on equity (ROE)
  • -3.17%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 115.82%Credit loss provision to net charge-offs
  • -0.45%Efficiency ratio
  • 106,505Assets per employee
  • 4.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 73.92%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 2.57%Net loans and leases to deposits
  • 53.93%Net loans and leases to core deposits
  • 57.90%Equity capital to assets
  • 11.28%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 16.76%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $404,978Average earning assets
  • $47,564Average equity
  • $364,070Average 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
  • $193,496Managed Assets
  • 1Number of Accounts
  • $103,256Personal trust and agency accounts
  • $54,886Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,317Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $28,809Other fiduciary accounts
  • $16,244Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 172Number of Accounts
  • $0Personal trust and agency accounts
  • $3,317Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $90,240Other retirement accounts
  • $76,502Corporate trust and agency accounts
  • $12,981Other fiduciary accounts
  • $757Fiduciary accounts held in foreign offices

List of branches

  • 5 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012498First National Bank South Dakota332 Broadway, Yankton, SD 57078October 05, 1962Full Service Brick and Mortar
    1771Mitchell Branch210 North Lawler, Mitchell, SD 57301January 06, 1897Full Service Brick and Mortar
    246921Huron Branch79 Second Street, S.W., Huron, SD 57350March 08, 1991Full Service Brick and Mortar
    3773Woonsocket Branch505 W 7th St, Woonsocket, SD 57385July 24, 1924Full Service Brick and Mortar
    7451978Sioux Falls Branch100 South Dakota Avenue, Sioux Falls, SD 57104May 08, 2006Full Service Brick and Mortar

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