First National Bank in Philip in Philip, South Dakota (SD)
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| First National Bank in Philip | |
|---|---|
| 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 WWW: http://www.fnbphilip.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $164,720 |
| Cash and due from depository institutions | $10,026 |
| Interest-bearing balances | $8,000 |
| Securities | $36,703 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $106,854 |
| Loan loss allowance | $1,830 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,892 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,245 |
| Life insurance assets | $164,720 |
| Total liabilities and capital | $143,078 |
| Total liabilities | $140,570 |
| Total deposits | $117,277 |
| Interest-bearing deposits | $140,570 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $100 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,408 |
| All other liabilities | $21,642 |
| Total equity capital | $21,642 |
| Total bank equity capital | $21,642 |
| Perpetual preferred stock | $0 |
| Common stock | $800 |
| Surplus | $800 |
| Undivided profits | $20,042 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $281 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,896 |
| Average Assets, year-to-date | $151,557 |
| Average Assets, quarterly | $62,488 |
| Volatile liabilities | $166,854 |
| Insider loans | $167,607 |
| FHLB advances | $121,203 |
| Loans and leases held for sale | $167,325 |
| Unused loan commitments | $5,030 |
| Tier 1 (core) risk-based capital | $2,008 |
| Tier 2 risk-based capital | $20,001 |
| Total risk weighted assets | $3,022 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $43,835 |
| Derivatives | $4,637 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,337 |
| Total interest expense | $1,953 |
| Net interest income | $6,384 |
| Provision for loan and lease losses | $365 |
| Total noninterest income | $590 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $221 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $369 |
| Total noninterest expense | $3,427 |
| Salaries and employee benefits | $2,453 |
| Premises and equipment expense | $219 |
| Additional noninterest expense | $755 |
| Pre-tax net operating income | $3,182 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $139 |
| Income before extraordinary items | $3,043 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,043 |
| Net charge-offs | $0 |
| Cash dividends | $3,043 |
| Sale, conversion, retirement of capital stock, net | $368 |
| Net operating income | $2,019 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.44% |
| Cost of funding earning assets | 1.28% |
| Net interest margin | 4.17% |
| Noninterest income to earning assets | 0.39% |
| Noninterest expense to earning assets | 2.24% |
| Net operating income to assets | 1.82% |
| Return on assets (ROA) | 1.82% |
| Pretax return on assets | 1.91% |
| Return on equity (ROE) | 15.03% |
| Retained earnings to average equity (YTD only) | 5.06% |
| Net charge-offs to loans | 0.32% |
| Credit loss provision to net charge-offs | 99.18% |
| Efficiency ratio | 9.64% |
| Assets per employee | $49,140 |
| Cash dividends to net income (YTD only) | 6.86% |
| Condition Ratios (%) | |
| Loss allowance to loans | 66.35% |
| Loss allowance to noncurrent loans | 1.68% |
| Noncurrent assets plus other real estate owned to assets | 651.25% |
| Noncurrent loans to loans | 0.17% |
| Net loans and leases to deposits | 0.26% |
| Net loans and leases to core deposits | 76.01% |
| Equity capital to assets | 91.63% |
| Core capital (leverage) ratio | 13.14% |
| Tier 1 risk-based capital ratio | 11.95% |
| Total risk-based capital ratio | 16.50% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $166,854 |
| Average equity | $20,252 |
| Average loans | $153,124 |
| 1 South Dakota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2595 | First National Bank In Philip | 103 E Oak, Philip, SD 57567 | December 04, 1906 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.