The First National Bank in Sioux Falls

Headquarters

100 South Phillips Avenue
Sioux Falls, SD 57101
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.60% →
1-Year CD 0.32% 1.35% →
2-Year CD 0.42% 1.45% →
5-Year CD 0.61% 1.60% →
30-Year Mortgage 4.12% 3.09% →
15-Year Mortgage 3.72% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The First National Bank in Sioux Falls is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1885 and has approximately $1.34 billion in assets. Customers can open an account at one of its 18 branches.

FDIC Insured Yes
FDIC Certificate # 4016
Date Established 1885
Assets $ 1,339.63 million
Loans $ 894.61 million
Deposits $ 1,148.91 million
Capital $ 169.18 million
 

For a more detailed analysis of The First National Bank in Sioux Falls's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $1 $24,999 Learn More
Money Market
0.01% $10,000 $24,999 Learn More
Money Market
0.01% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.12% $10,000 $24,999 Learn More
3 Mo CD
0.14% $100,000 - Learn More
6 Mo CD
0.20% $10,000 $24,999 Learn More
6 Mo CD
0.22% $100,000 - Learn More
12 Mo CD
0.29% $10,000 $24,999 Learn More
12 Mo CD
0.32% $100,000 - Learn More
18 Mo CD
0.29% $10,000 $24,999 Learn More
18 Mo CD
0.32% $100,000 - Learn More
24 Mo CD
0.39% $10,000 $24,999 Learn More
24 Mo CD
0.42% $100,000 - Learn More
30 Mo CD
0.39% $10,000 $24,999 Learn More
30 Mo CD
0.42% $100,000 - Learn More
36 Mo CD
0.46% $10,000 $24,999 Learn More
36 Mo CD
0.48% $100,000 - Learn More
48 Mo CD
0.50% $10,000 $24,999 Learn More
48 Mo CD
0.53% $100,000 - Learn More
60 Mo CD
0.59% $10,000 $24,999 Learn More
60 Mo CD
0.61% $100,000 - Learn More

Variable IRA Rates APY MIN MAX
0.01% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $5,000 - Learn MoreShow Less

Loan Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

The First National Bank in Sioux Falls branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


The First National Bank in Sioux Falls Locations


Financial Details

The First National Bank in Sioux Falls Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank in Sioux Falls. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The First National Bank in Sioux Falls U.S. Bank Average
10.53% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, The First National Bank in Sioux Falls had $19,314,000 in non-current loans and $557,000 in owned real estate. To cover these potential losses it had $169,183,000 in equity and $19,515,000 in loans loss reserves. That gives it a Texas Ratio of 10.53%.

Return on Equity
The First National Bank in Sioux Falls U.S. Bank Average
9.26% 9.41%

The First National Bank in Sioux Falls has a Return on Equity of 9.26% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The First National Bank in Sioux Falls U.S. Bank Average
12.63% 12.82%

The First National Bank in Sioux Falls has a Capitalization of 12.63% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The First National Bank in Sioux Falls Balance Sheet Analysis

As of December 31, 2019, The First National Bank in Sioux Falls had assets of $1,339,634,000, loans of $894,610,000, and deposits of $1,148,907,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 114.73 million
Interest-bearing balances $ 89.16 million
Total securities $ 288.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 894.61 million
Loan loss allowance $ 19.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.56 million
Goodwill and other intangibles N.A.
All other assets $ 33.87 million
     Total Assets $ 1,170.45 million
LIABILITIES
Total deposits $ 1,148.91 million
      Interest-bearing deposits $ 768.79 million
      Deposits held in domestic offices $ 1,148.91 million
      % insured (estimated) 65.99%
Federal funds purchased and repurchase agreements $ 4.85 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 16.69 million
      Total Liabilities $ 1,170.45 million
      Shareholders’ Equity $ 169.18 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 51.02 million
Total Interest Expense $ 7.31 million
Net interest income $ 43.71 million
Provision for loan and lease losses N.A.
Total non interest income $ 19.71 million
Total non interest expense $ 44.26 million
Pre-tax Net Operating Income $ 19.16 million

Bank Loan Profile?

The top three loan types in The First National Bank in Sioux Falls’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in South Dakota, The First National Bank in Sioux Falls has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.33
Multifamily
Mortgages
1.03
Credit Card Loans 0.04
Consumer Auto Loans 0.87
Small Business Loans 6.76
Construction and Development Loans 2.80
Commercial Real Estate 19.05
Commercial and Industrial Loans 16.14
Farm Loans 9.62

Frequently Asked Questions About The First National Bank In Sioux Falls

Branches and Savings

Is The First National Bank In Sioux Falls FDIC insured?

Yes. It is covered under FDIC Certificate #4016.

Why does The First National Bank In Sioux Falls pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The First National Bank In Sioux Falls CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The First National Bank In Sioux Falls a commercial bank?

Yes

Where are The First National Bank In Sioux Falls locations?

See branch locations nearby.

Is The First National Bank In Sioux Falls open on Saturdays?

Is The First National Bank In Sioux Falls open on Sundays?

What time does The First National Bank In Sioux Falls open?

What time does The First National Bank In Sioux Falls close?

Are The First National Bank In Sioux Falls ATMs Open 24/7?

Do The First National Bank In Sioux Falls ATMs accept cash deposits?

Can The First National Bank In Sioux Falls customers use other ATMs?

Do The First National Bank In Sioux Falls branches have notaries?

Will The First National Bank In Sioux Falls notarize my document?

What address for The First National Bank In Sioux Falls should I put for incoming ACH transfers?

Will the The First National Bank In Sioux Falls branch print checks?

Do The First National Bank In Sioux Falls checks expire?

Does The First National Bank In Sioux Falls require US citizenship to open account?

Can The First National Bank In Sioux Falls close my account?

Does The First National Bank In Sioux Falls Report to credit bureaus?

Does The First National Bank In Sioux Falls Use Equifax?

What is The First National Bank In Sioux Falls's ACH Routing Number?

What is The First National Bank In Sioux Falls's SWIFT code?

Products

Does The First National Bank In Sioux Falls offer mortgages?

Compare mortgage rates here.

Does The First National Bank In Sioux Falls offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First National Bank In Sioux Falls offer personal loans?

Compare personal loan rates here.

Does The First National Bank In Sioux Falls offer student loans?

Will The First National Bank In Sioux Falls cash a check?

Will The First National Bank In Sioux Falls redeem a savings bond?

Does The First National Bank In Sioux Falls cash savings bonds?

Will The First National Bank In Sioux Falls cash money orders?

Can The First National Bank In Sioux Falls issue a money order?

Does The First National Bank In Sioux Falls do currency exchange?

Background on The Bank

Who owns The First National Bank In Sioux Falls?

How long has The First National Bank In Sioux Falls been around?

Can The First National Bank In Sioux Falls transfer to other banks?

Does The First National Bank In Sioux Falls have quick pay?

Does The First National Bank In Sioux Falls accept rolled coins?

Will The First National Bank In Sioux Falls accept loose change?

Where is The First National Bank In Sioux Falls headquarters?

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