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
No
ID
Name
Address
Established
Service Type
Map
0
2590
The First National Bank Of Frederick
314 Main Street, Frederick, SD 57441
May 18, 1882
Full Service Brick and Mortar
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