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


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 248Total employees (full-time equivalent)
  • $1,054,086Total assets
  • $131,030Cash and due from depository institutions
  • $105,009Interest-bearing balances
  • $340,029Securities
  • $2,100Federal funds sold & reverse repurchase agreements
  • $539,634Net loans & leases
  • $15,571Loan loss allowance
  • $0Trading account assets
  • $15,745Bank premises and fixed assets
  • $1,078Other real estate owned
  • $420Goodwill and other intangibles
  • $1,054,086Life insurance assets
  • $24,050All other assets
  • $917,602Total liabilities and capital
  • $755,882Total liabilities
  • $493,804Total deposits
  • $755,882Interest-bearing deposits
  • $61Deposits held in domestic offices
  • 150362.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $10,358Subordinated debt
  • $136,484All other liabilities
  • $136,484Total equity capital
  • $136,484Total bank equity capital
  • $0Perpetual preferred stock
  • $32,995Common stock
  • $8,700Surplus
  • $94,789Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $766Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,721Income earned, not collected on loans
  • $0Earning assets
  • $4,948Long-term assets (5+ years)
  • $986,772Average Assets, year-to-date
  • $464,264Average Assets, quarterly
  • $1,047,807Volatile liabilities
  • $1,035,342Insider loans
  • $617,822FHLB advances
  • $1,058,011Loans and leases held for sale
  • $10,953Unused loan commitments
  • $10,953Tier 1 (core) risk-based capital
  • $126,746Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $212,666Restructured Loans and leases
  • $4,922Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,726Total interest income
  • $11,843Total interest expense
  • $29,883Net interest income
  • $0Provision for loan and lease losses
  • $13,689Total noninterest income
  • $5,245Fiduciary activities
  • $1,493Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,951Additional noninterest income
  • $33,208Total noninterest expense
  • $18,584Salaries and employee benefits
  • $5,799Premises and equipment expense
  • $8,825Additional noninterest expense
  • $10,364Pre-tax net operating income
  • $43Securities gains (losses)
  • $2,788Applicable income taxes
  • $7,619Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,619Net income attributable to bank
  • $0Net charge-offs
  • $7,619Cash dividends
  • -$924Sale, conversion, retirement of capital stock, net
  • $2,160Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.04%Net interest margin
  • 1.39%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 5.75%Return on equity (ROE)
  • 4.12%Retained earnings to average equity (YTD only)
  • -0.16%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 76,214Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.35%Loss allowance to loans
  • 2.80%Loss allowance to noncurrent loans
  • 87.87%Noncurrent assets plus other real estate owned to assets
  • 1.78%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 71.39%Net loans and leases to core deposits
  • 80.68%Equity capital to assets
  • 12.95%Core capital (leverage) ratio
  • 11.98%Tier 1 risk-based capital ratio
  • 20.51%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $1,047,807Average earning assets
  • $132,550Average equity
  • $984,128Average 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
  • $2,479,762Managed Assets
  • 1Number of Accounts
  • $789,001Personal trust and agency accounts
  • $456,305Employee benefit-defined contribution accounts
  • $27,979Employee benefit-defined benefit accounts
  • $38,646Other retirement accounts
  • $15,894Corporate trust and agency accounts
  • $11,092Investment management agency accounts
  • $239,063Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $22Non-managed Assets
  • 1711Number of Accounts
  • $0Personal trust and agency accounts
  • $14,829Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,690,761Other retirement accounts
  • $608,953Corporate trust and agency accounts
  • $233,590Other fiduciary accounts
  • $43,995Fiduciary accounts held in foreign offices

List of branches

  • 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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