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

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The First National Bank of Volga routing number info

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The First National Bank of Volga
GeneralFDIC Certificate #: 4024
Status: Active
Federal Reserve ID: 375155
Bank Holding Company (Regulatory Top Holder): North Central Financial Services, Inc. (RSSDID: 1128125, Location: Volga, SD)
Date Established: January 02, 1902
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: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 2606
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: August 25, 2009
Last Structure Change Process Date: August 26, 2009
Last Data Update: August 26, 2009
Data Source Date: April 05, 2012
LocationAddress: 303 Kasan Avenue, Volga, SD 57071
County: Brookings
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): Brookings, SD (#15100)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $42.6 mil
Equity capital: $4.5 mil
Deposits held in domestic offices: $38.0 mil
Return on assets (ROA): 0.69% ($0.3 mil)
Quarterly return on assets: 1.13% ($0.5 mil)
Return on Equity (ROE): 6.91% ($0.3 mil)
Quarterly return on equity: 10.80% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.73% ($310.7 mil)
Quarterly Pretax return on assets: 1.15% ($489.5 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)13
Total assets$42,562
Cash and due from depository institutions$5,911
Interest-bearing balances$3,120
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$27,325
Loan loss allowance $424
Trading account assets$0
Bank premises and fixed assets$136
Other real estate owned$463
Goodwill and other intangibles$0
All other assets$1,428
Life insurance assets$42,562
Total liabilities and capital$38,108
Total liabilities$38,020
Total deposits$31,813
Interest-bearing deposits$38,020
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $88
All other liabilities $4,454
Total equity capital$4,454
Total bank equity capital$4,454
Perpetual preferred stock$0
Common stock$115
Undivided profits $3,916
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 $106
Earning assets $0
Long-term assets (5+ years) $396
Average Assets, year-to-date $37,744
Average Assets, quarterly $8,888
Volatile liabilities $42,744
Insider loans $42,335
FHLB advances $29,277
Loans and leases held for sale $42,626
Unused loan commitments $577
Tier 1 (core) risk-based capital $577
Tier 2 risk-based capital $4,297
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,513
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,012
Total interest expense $502
Net interest income $1,510
Provision for loan and lease losses $15
Total noninterest income $103
Fiduciary activities $0
Service charges on deposit accounts $87
Trading account gains & fees $0
Additional noninterest income $16
Total noninterest expense $1,288
Salaries and employee benefits $717
Premises and equipment expense $183
Additional noninterest expense $388
Pre-tax net operating income $310
Securities gains (losses) $0
Applicable income taxes $14
Income before extraordinary items $296
Extraordinary gains - net $0
Net income attributable to bank $296
Net charge-offs $0
Cash dividends $296
Sale, conversion, retirement of capital stock, net $70
Net operating income $57
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.23%
Cost of funding earning assets 1.30%
Net interest margin 3.92%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 3.35%
Net operating income to assets 0.69%
Return on assets (ROA) 0.69%
Pretax return on assets 0.73%
Return on equity (ROE) 6.91%
Retained earnings to average equity (YTD only) 5.58%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 21.43%
Efficiency ratio4.64%
Assets per employee$79,851
Cash dividends to net income (YTD only)3.27%
Condition Ratios (%)
Loss allowance to loans 19.26%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 400.00%
Noncurrent loans to loans 1.34%
Net loans and leases to deposits0.38%
Net loans and leases to core deposits 71.87%
Equity capital to assets 75.71%
Core capital (leverage) ratio 10.46%
Tier 1 risk-based capital ratio 10.08%
Total risk-based capital ratio 14.68%
Average assets$16
Average earning assets$42,744
Average equity $4,282
Average loans $38,478
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2 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02606The First National Bank Of Volga303 Kasan Avenue, Volga, SD 57071January 02, 1902Full Service Brick and Mortar
1455395Brookings Branch427 8th St. South, Brookings, SD 57006June 05, 2006Full Service Brick and Mortar
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