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


The First National Bank of Frederick - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 6Total employees (full-time equivalent)
  • $18,103Total assets
  • $589Cash and due from depository institutions
  • $0Interest-bearing balances
  • $10,401Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,827Net loans & leases
  • $126Loan loss allowance
  • $0Trading account assets
  • $71Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $18,104Life insurance assets
  • $1,215All other assets
  • $15,591Total liabilities and capital
  • $15,391Total liabilities
  • $12,684Total deposits
  • $15,391Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $200Subordinated debt
  • $2,513All other liabilities
  • $2,513Total equity capital
  • $2,513Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $275Surplus
  • $2,213Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $191Income earned, not collected on loans
  • $0Earning assets
  • $223Long-term assets (5+ years)
  • $16,228Average Assets, year-to-date
  • $2,308Average Assets, quarterly
  • $17,449Volatile liabilities
  • $18,058Insider loans
  • $9,214FHLB advances
  • $18,741Loans and leases held for sale
  • $835Unused loan commitments
  • $835Tier 1 (core) risk-based capital
  • $2,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,630Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $618Total interest income
  • $144Total interest expense
  • $474Net interest income
  • $0Provision for loan and lease losses
  • $64Total noninterest income
  • $0Fiduciary activities
  • $31Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $505Total noninterest expense
  • $301Salaries and employee benefits
  • $56Premises and equipment expense
  • $148Additional noninterest expense
  • $33Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $33Income before extraordinary items
  • $0Extraordinary gains - net
  • $33Net income attributable to bank
  • $0Net charge-offs
  • $33Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 1.33%Return on equity (ROE)
  • 1.33%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 6.60%Efficiency ratio
  • 93,866Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 65.97%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 3.21%Net loans and leases to deposits
  • 37.86%Net loans and leases to core deposits
  • 38.73%Equity capital to assets
  • 13.88%Core capital (leverage) ratio
  • 12.28%Tier 1 risk-based capital ratio
  • 24.97%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $17,449Average earning assets
  • $2,483Average equity
  • $14,330Average loans

List of branches

  • 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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