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

  • First National Bank in Philip in Philip, South Dakota (SD)
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First National Bank in Philip - Overview

  • General
  • FDIC Certificate #: 3999
    Status: Active
    Federal Reserve ID: 538754
    Bank Holding Company (Regulatory Top Holder): Philip Bancorporation, Inc. (RSSDID: 1125683, Location: Philip, SD)
    Date Established: December 04, 1906
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 2595
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 18, 2008
    Last Structure Change Process Date: December 05, 2008
    Last Data Update: December 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 E Oak, Philip, SD 57567
    County: Haakon
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $164.7 mil
    Equity capital: $21.6 mil
    Deposits held in domestic offices: $140.6 mil
    Return on assets (ROA): 1.82% ($3.0 mil)
    Quarterly return on assets: 1.71% ($2.8 mil)
    Return on Equity (ROE): 15.03% ($3.3 mil)
    Quarterly return on equity: 13.37% ($2.9 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.91% ($3,146.2 mil)
    Quarterly Pretax return on assets: 1.75% ($2,882.6 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
  • 24Total employees (full-time equivalent)
  • $164,720Total assets
  • $10,026Cash and due from depository institutions
  • $8,000Interest-bearing balances
  • $36,703Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,854Net loans & leases
  • $1,830Loan loss allowance
  • $0Trading account assets
  • $1,892Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $164,720Life insurance assets
  • $9,245All other assets
  • $143,078Total liabilities and capital
  • $140,570Total liabilities
  • $117,277Total deposits
  • $140,570Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $100Trading liabilities
  • $0Other borrowed funds
  • $2,408Subordinated debt
  • $21,642All other liabilities
  • $21,642Total equity capital
  • $21,642Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $800Surplus
  • $20,042Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $281Income earned, not collected on loans
  • $0Earning assets
  • $2,896Long-term assets (5+ years)
  • $151,557Average Assets, year-to-date
  • $62,488Average Assets, quarterly
  • $166,854Volatile liabilities
  • $167,607Insider loans
  • $121,203FHLB advances
  • $167,325Loans and leases held for sale
  • $5,030Unused loan commitments
  • $2,008Tier 1 (core) risk-based capital
  • $20,001Tier 2 risk-based capital
  • $3,022Total risk weighted assets
  • $0Total unused commitments
  • $43,835Restructured Loans and leases
  • $4,637Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,337Total interest income
  • $1,953Total interest expense
  • $6,384Net interest income
  • $365Provision for loan and lease losses
  • $590Total noninterest income
  • $0Fiduciary activities
  • $221Service charges on deposit accounts
  • $0Trading account gains & fees
  • $369Additional noninterest income
  • $3,427Total noninterest expense
  • $2,453Salaries and employee benefits
  • $219Premises and equipment expense
  • $755Additional noninterest expense
  • $3,182Pre-tax net operating income
  • $0Securities gains (losses)
  • $139Applicable income taxes
  • $3,043Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,043Net income attributable to bank
  • $0Net charge-offs
  • $3,043Cash dividends
  • $368Sale, conversion, retirement of capital stock, net
  • $2,019Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 1.82%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 15.03%Return on equity (ROE)
  • 5.06%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 99.18%Credit loss provision to net charge-offs
  • 9.64%Efficiency ratio
  • 49,140Assets per employee
  • 6.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.35%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 651.25%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 76.01%Net loans and leases to core deposits
  • 91.63%Equity capital to assets
  • 13.14%Core capital (leverage) ratio
  • 11.95%Tier 1 risk-based capital ratio
  • 16.50%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $166,854Average earning assets
  • $20,252Average equity
  • $153,124Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02595First National Bank In Philip103 E Oak, Philip, SD 57567December 04, 1906Full Service Brick and Mortar

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