FDIC Certificate #: 3999 Status: Active Federal Reserve ID: 538754 Bank Holding Company (Regulatory Top Holder): Philip Bancorporation, Inc. (RSSDID: 1125683, Location: Philip, SD) Date Established: December 04, 1906 WWW:http://www.fnbphilip.com 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 #: 2595 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: November 18, 2008 Last Structure Change Process Date: December 05, 2008 Last Data Update: December 05, 2008 Data Source Date: April 05, 2012
Location
Address: 103 E Oak, Philip, SD 57567 County: Haakon 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
History of Changes
Change in Location
Financial Summary
Total assets: $164.7 mil Equity capital: $21.6 mil Deposits held in domestic offices: $140.6 mil Return on assets (ROA): 1.82% ($3.0 mil) Quarterly return on assets: 1.71% ($2.8 mil) Return on Equity (ROE): 15.03% ($3.3 mil) Quarterly return on equity: 13.37% ($2.9 mil) Net income: $3.0 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.91% ($3,146.2 mil) Quarterly Pretax return on assets: 1.75% ($2,882.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$164,720Total assets
$10,026Cash and due from depository institutions
$8,000Interest-bearing balances
$36,703Securities
$0Federal funds sold & reverse repurchase agreements
$106,854Net loans & leases
$1,830Loan loss allowance
$0Trading account assets
$1,892Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$164,720Life insurance assets
$9,245All other assets
$143,078Total liabilities and capital
$140,570Total liabilities
$117,277Total deposits
$140,570Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$100Trading liabilities
$0Other borrowed funds
$2,408Subordinated debt
$21,642All other liabilities
$21,642Total equity capital
$21,642Total bank equity capital
$0Perpetual preferred stock
$800Common stock
$800Surplus
$20,042Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$281Income earned, not collected on loans
$0Earning assets
$2,896Long-term assets (5+ years)
$151,557Average Assets, year-to-date
$62,488Average Assets, quarterly
$166,854Volatile liabilities
$167,607Insider loans
$121,203FHLB advances
$167,325Loans and leases held for sale
$5,030Unused loan commitments
$2,008Tier 1 (core) risk-based capital
$20,001Tier 2 risk-based capital
$3,022Total risk weighted assets
$0Total unused commitments
$43,835Restructured Loans and leases
$4,637Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,337Total interest income
$1,953Total interest expense
$6,384Net interest income
$365Provision for loan and lease losses
$590Total noninterest income
$0Fiduciary activities
$221Service charges on deposit accounts
$0Trading account gains & fees
$369Additional noninterest income
$3,427Total noninterest expense
$2,453Salaries and employee benefits
$219Premises and equipment expense
$755Additional noninterest expense
$3,182Pre-tax net operating income
$0Securities gains (losses)
$139Applicable income taxes
$3,043Income before extraordinary items
$0Extraordinary gains - net
$3,043Net income attributable to bank
$0Net charge-offs
$3,043Cash dividends
$368Sale, conversion, retirement of capital stock, net
$2,019Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
1.28%Cost of funding earning assets
4.17%Net interest margin
0.39%Noninterest income to earning assets
2.24%Noninterest expense to earning assets
1.82%Net operating income to assets
1.82%Return on assets (ROA)
1.91%Pretax return on assets
15.03%Return on equity (ROE)
5.06%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
99.18%Credit loss provision to net charge-offs
9.64%Efficiency ratio
49,140Assets per employee
6.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.35%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
651.25%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.26%Net loans and leases to deposits
76.01%Net loans and leases to core deposits
91.63%Equity capital to assets
13.14%Core capital (leverage) ratio
11.95%Tier 1 risk-based capital ratio
16.50%Total risk-based capital ratio
Memoranda
$18Average assets
$166,854Average earning assets
$20,252Average equity
$153,124Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2595
First National Bank In Philip
103 E Oak, Philip, SD 57567
December 04, 1906
Full Service Brick and Mortar
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