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

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 13Total employees (full-time equivalent)
  • $42,562Total assets
  • $5,911Cash and due from depository institutions
  • $3,120Interest-bearing balances
  • $7,299Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,325Net loans & leases
  • $424Loan loss allowance
  • $0Trading account assets
  • $136Bank premises and fixed assets
  • $463Other real estate owned
  • $0Goodwill and other intangibles
  • $42,562Life insurance assets
  • $1,428All other assets
  • $38,108Total liabilities and capital
  • $38,020Total liabilities
  • $31,813Total deposits
  • $38,020Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $88Subordinated debt
  • $4,454All other liabilities
  • $4,454Total equity capital
  • $4,454Total bank equity capital
  • $0Perpetual preferred stock
  • $115Common stock
  • $423Surplus
  • $3,916Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $106Income earned, not collected on loans
  • $0Earning assets
  • $396Long-term assets (5+ years)
  • $37,744Average Assets, year-to-date
  • $8,888Average Assets, quarterly
  • $42,744Volatile liabilities
  • $42,335Insider loans
  • $29,277FHLB advances
  • $42,626Loans and leases held for sale
  • $577Unused loan commitments
  • $577Tier 1 (core) risk-based capital
  • $4,297Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,513Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,012Total interest income
  • $502Total interest expense
  • $1,510Net interest income
  • $15Provision for loan and lease losses
  • $103Total noninterest income
  • $0Fiduciary activities
  • $87Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16Additional noninterest income
  • $1,288Total noninterest expense
  • $717Salaries and employee benefits
  • $183Premises and equipment expense
  • $388Additional noninterest expense
  • $310Pre-tax net operating income
  • $0Securities gains (losses)
  • $14Applicable income taxes
  • $296Income before extraordinary items
  • $0Extraordinary gains - net
  • $296Net income attributable to bank
  • $0Net charge-offs
  • $296Cash dividends
  • $70Sale, conversion, retirement of capital stock, net
  • $57Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 6.91%Return on equity (ROE)
  • 5.58%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 21.43%Credit loss provision to net charge-offs
  • 4.64%Efficiency ratio
  • 79,851Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.26%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 400.00%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 71.87%Net loans and leases to core deposits
  • 75.71%Equity capital to assets
  • 10.46%Core capital (leverage) ratio
  • 10.08%Tier 1 risk-based capital ratio
  • 14.68%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $42,744Average earning assets
  • $4,282Average equity
  • $38,478Average loans

List of branches

  • 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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