The First National Bank of Frederick in Frederick, South Dakota (SD)



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The First National Bank of Frederick routing number info

Table of contents:
The First National Bank of Frederick
GeneralFDIC Certificate #: 3985
Status: Active
Federal Reserve ID: 288152
Date Established: May 18, 1882
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 #: 2590
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: January 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 01, 2010
Last Data Update: June 01, 2010
Data Source Date: April 05, 2012
LocationAddress: 314 Main Street, Frederick, SD 57441
County: Brown
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): Aberdeen, SD (#10100)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $18.1 mil
Equity capital: $2.5 mil
Deposits held in domestic offices: $15.4 mil
Return on assets (ROA): 0.19% ($0.0 mil)
Quarterly return on assets: -0.27% (-$0.0 mil)
Return on Equity (ROE): 1.33% ($0.0 mil)
Quarterly return on equity: -1.89% (-$0.1 mil)
Net income: $0.0 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.19% ($34.4 mil)
Quarterly Pretax return on assets: -0.38% (-$68.8 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)6
Total assets$18,103
Cash and due from depository institutions$589
Interest-bearing balances$0
Securities$10,401
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$5,827
Loan loss allowance $126
Trading account assets$0
Bank premises and fixed assets$71
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,215
Life insurance assets$18,104
Total liabilities and capital$15,591
Total liabilities$15,391
Total deposits$12,684
Interest-bearing deposits$15,391
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $200
All other liabilities $2,513
Total equity capital$2,513
Total bank equity capital$2,513
Perpetual preferred stock$0
Common stock$25
Surplus$275
Undivided profits $2,213
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 $191
Earning assets $0
Long-term assets (5+ years) $223
Average Assets, year-to-date $16,228
Average Assets, quarterly $2,308
Volatile liabilities $17,449
Insider loans $18,058
FHLB advances $9,214
Loans and leases held for sale $18,741
Unused loan commitments $835
Tier 1 (core) risk-based capital $835
Tier 2 risk-based capital $2,301
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,630
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $618
Total interest expense $144
Net interest income $474
Provision for loan and lease losses $0
Total noninterest income $64
Fiduciary activities $0
Service charges on deposit accounts $31
Trading account gains & fees $0
Additional noninterest income $33
Total noninterest expense $505
Salaries and employee benefits $301
Premises and equipment expense $56
Additional noninterest expense $148
Pre-tax net operating income $33
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $33
Extraordinary gains - net $0
Net income attributable to bank $33
Net charge-offs $0
Cash dividends $33
Sale, conversion, retirement of capital stock, net $5
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.31%
Cost of funding earning assets 1.00%
Net interest margin 3.31%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.52%
Net operating income to assets 0.19%
Return on assets (ROA) 0.19%
Pretax return on assets 0.19%
Return on equity (ROE) 1.33%
Retained earnings to average equity (YTD only) 1.33%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio6.60%
Assets per employee$93,866
Cash dividends to net income (YTD only)3.02%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.12%
Noncurrent assets plus other real estate owned to assets 65.97%
Noncurrent loans to loans 1.06%
Net loans and leases to deposits3.21%
Net loans and leases to core deposits 37.86%
Equity capital to assets 38.73%
Core capital (leverage) ratio 13.88%
Tier 1 risk-based capital ratio 12.28%
Total risk-based capital ratio 24.97%
Memoranda
Average assets$26
Average earning assets$17,449
Average equity $2,483
Average loans $14,330
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02590The First National Bank Of Frederick314 Main Street, Frederick, SD 57441May 18, 1882Full Service Brick and Mortar
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