The First National Bank in Sioux Falls in Sioux Falls, South Dakota (SD)



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The First National Bank in Sioux Falls
GeneralFDIC Certificate #: 4016
Status: Active
Federal Reserve ID: 326858
Bank Holding Company (Regulatory Top Holder): Minnehaha Banshares, Inc. (RSSDID: 1126354, Location: Sioux Falls, SD)
Date Established: September 08, 1885
WWW: http://www.fnbsf.com
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: 18 (Domestic: 18, Interstate: No)
OTS Docket #: 12075
FDIC's unique #: 2602
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization > 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 2007
Last Structure Change Process Date: May 31, 2007
Last Data Update: May 31, 2007
Data Source Date: April 05, 2012
LocationAddress: 100 South Phillips Avenue, Sioux Falls, SD 57101
County: Minnehaha
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
Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760)
Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620)
CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $1,054.1 mil
Equity capital: $136.5 mil
Deposits held in domestic offices: $755.9 mil
Return on assets (ROA): 0.73% ($7.7 mil)
Quarterly return on assets: 0.75% ($7.9 mil)
Return on Equity (ROE): 5.75% ($7.8 mil)
Quarterly return on equity: 5.73% ($7.8 mil)
Net income: $7.6 mil
Quarterly Net income: $2.0 mil
Pretax return on assets: 0.99% ($10,435.5 mil)
Quarterly Pretax return on assets: 1.06% ($11,173.3 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)248
Total assets$1,054,086
Cash and due from depository institutions$131,030
Interest-bearing balances$105,009
Securities$340,029
Federal funds sold & reverse repurchase agreements$2,100
Net loans & leases$539,634
Loan loss allowance $15,571
Trading account assets$0
Bank premises and fixed assets$15,745
Other real estate owned$1,078
Goodwill and other intangibles$420
All other assets$24,050
Life insurance assets$1,054,086
Total liabilities and capital$917,602
Total liabilities$755,882
Total deposits$493,804
Interest-bearing deposits$755,882
Deposits held in domestic offices$61
% insured (estimated)150362.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $10,358
All other liabilities $136,484
Total equity capital$136,484
Total bank equity capital$136,484
Perpetual preferred stock$0
Common stock$32,995
Surplus$8,700
Undivided profits $94,789
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $766
Income earned, not collected on loans $17,721
Earning assets $0
Long-term assets (5+ years) $4,948
Average Assets, year-to-date $986,772
Average Assets, quarterly $464,264
Volatile liabilities $1,047,807
Insider loans $1,035,342
FHLB advances $617,822
Loans and leases held for sale $1,058,011
Unused loan commitments $10,953
Tier 1 (core) risk-based capital $10,953
Tier 2 risk-based capital $126,746
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $212,666
Derivatives$4,922
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $41,726
Total interest expense $11,843
Net interest income $29,883
Provision for loan and lease losses $0
Total noninterest income $13,689
Fiduciary activities $5,245
Service charges on deposit accounts $1,493
Trading account gains & fees $0
Additional noninterest income $6,951
Total noninterest expense $33,208
Salaries and employee benefits $18,584
Premises and equipment expense $5,799
Additional noninterest expense $8,825
Pre-tax net operating income $10,364
Securities gains (losses) $43
Applicable income taxes $2,788
Income before extraordinary items $7,619
Extraordinary gains - net $0
Net income attributable to bank $7,619
Net charge-offs $0
Cash dividends $7,619
Sale, conversion, retirement of capital stock, net -$924
Net operating income $2,160
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.24%
Cost of funding earning assets 1.20%
Net interest margin 3.04%
Noninterest income to earning assets 1.39%
Noninterest expense to earning assets 3.37%
Net operating income to assets 0.72%
Return on assets (ROA) 0.73%
Pretax return on assets 0.99%
Return on equity (ROE) 5.75%
Retained earnings to average equity (YTD only) 4.12%
Net charge-offs to loans -0.16%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$76,214
Cash dividends to net income (YTD only)4.25%
Condition Ratios (%)
Loss allowance to loans 28.35%
Loss allowance to noncurrent loans 2.80%
Noncurrent assets plus other real estate owned to assets 87.87%
Noncurrent loans to loans 1.78%
Net loans and leases to deposits3.19%
Net loans and leases to core deposits 71.39%
Equity capital to assets 80.68%
Core capital (leverage) ratio 12.95%
Tier 1 risk-based capital ratio 11.98%
Total risk-based capital ratio 20.51%
Memoranda
Average assets$22
Average earning assets$1,047,807
Average equity $132,550
Average loans $984,128
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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$2,479,762
Number of Accounts1
Personal trust and agency accounts$789,001
Employee benefit-defined contribution accounts$456,305
Employee benefit-defined benefit accounts$27,979
Other retirement accounts$38,646
Corporate trust and agency accounts$15,894
Investment management agency accounts$11,092
Other fiduciary accounts$239,063
Fiduciary accounts held in foreign offices$0
Non-managed Assets$22
Number of Accounts1711
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$14,829
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,690,761
Corporate trust and agency accounts$608,953
Other fiduciary accounts$233,590
Fiduciary accounts held in foreign offices$43,995
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18 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02602The First National Bank In Sioux Fal100 South Phillips Avenue, Sioux Falls, SD 57101September 08, 1885Full Service Brick and Mortar
1202202Western Mall Branch2505 West 41st Street, Sioux Falls, SD 57105October 28, 1968Full Service Brick and Mortar
67104Dell Rapids Branch312 East 4th Street, Dell Rapids, SD 57022Febuary 17, 1902Full Service Brick and Mortar
7224080Baltic Branch202 Saint Olaf, Baltic, SD 57003December 10, 1975Full Service Brick and Mortar
8208687Brandon Branch101 S Splitrock Blvd, Brandon, SD 57005August 01, 1969Full Service Brick and Mortar
1020220557th Street Branch401 West 57th Street, Sioux Falls, SD 57108July 06, 1993Full Service Brick and Mortar
11202206Westport Branch4000 South Westport Avenue, Sioux Falls, SD 57106September 04, 1996Full Service Brick and Mortar
12202207Prince Of Peace4500 Prince Of Peace Place, Sioux Falls, SD 57103November 04, 1996Full Service Brick and Mortar
14202209Sycamore Branch500 North Sycamore Avenue, Sioux Falls, SD 57110March 16, 1998Full Service Brick and Mortar
15340804Sioux Falls - Benson Road Office Bra1901 East Benson Road, Sioux Falls, SD 57104May 30, 2000Full Service Brick and Mortar
16419631Sertoma Branch7109 West 26th Street, Sioux Falls, SD 57106July 05, 2002Full Service Brick and Mortar
17419632Waterford Branch111 West 17th Street, Sioux Falls, SD 57104July 17, 2002Full Service Brick and Mortar
18423297Trail Ridge Branch3408 W. Ralph Rogers Road, Sioux Falls, SD 57108November 03, 2003Full Service Brick and Mortar
19438813Harrisburg Branch408 North Cliff Avenue, Harrisburg, SD 57032December 21, 2004Full Service Brick and Mortar
20441949Dow Rummel Branch1321 West Dow Rummel Street, Sioux Falls, SD 57104May 09, 2005Full Service Brick and Mortar
22462299Bethany Meadows Branch3008 East Aspen Boulevard, Brandon, SD 57005Febuary 12, 2007Full Service Brick and Mortar
23766Farmers State Bank Branch120 East Second Avenue, Flandreau, SD 57028January 01, 1911Full Service Brick and Mortar
24467793Maple Branch4110 West Maple Street, Sioux Falls, SD 57107July 02, 2007Full Service Brick and Mortar
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