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Overview / Commentary
800-486-4712
225 Cedar Street
Yankton, SD 57078

First Dakota National Bank is headquartered in Yankton and is the 9th largest bank in the state of South Dakota. It is also the 667th largest bank in the nation. It was established in 1872 and as of March of 2014, it had grown to 267 employees at 16 locations. First Dakota National Bank has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Dakota National Bank had $16.19 million in non-current loans and owned real-estate with $102.71 million in equity and loan loss allowances on hand to cover it. This gives First Dakota National Bank a Texas Ratio of 15.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for First Dakota National Bank decreased dramatically from 25.72% as of March 31, 2013 to 15.76% as of March 31, 2014, resulting in a positive change of 38.72%.This indicates that the balance sheet and financial strength for First Dakota National Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Dakota National Bank has increased its total deposits by $45.59 million, resulting in 5.39% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Dakota National Bank has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Dakota National Bank has $1.01 billion in assets with $102.71 million in equity, resulting in a capitalization level of 10.13%, which is above average.

Institution Statistics

Overall
FDIC Certificate #4028
Year Established1872
Employees267
Primary RegulatorOCC
Assets and Liabilities
Assets$1.01 billion
Loans$810.96 million
Deposits$891.14 million
Equity Capital$93.35 million
Loan Loss Allowance$9.36 million
Unbacked Noncurrent Loans$2.97 million
Real Estate Owned$13.22 million
Historic Data - March 2013
Assets$957.71 million
Equity Capital$86.64 million
Loan Loss Allowance$8.75 million
Unbacked Noncurrent Loans$2.97 million
Real Estate Owned$22.22 million
Profit Margin - Quarterly
Net Interest Margin4.49%
Return on Assets1.25%
Return on Equity13.75%
Interest Income$11.26 million
Rates

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First Dakota National Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.52%--eSavings Account

First Dakota National Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$500k-First Choice Money Market
0.20%$100k-Money Market Investment

First Dakota National Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-First Partners Checking
0.15%$25k-Classic Choice Checking
0.10%$50-First Choice Checking

First Dakota National Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.55%$1k-24 Month CD
0.40%$1k-12 Month CD
0.40%$1k-18 Month CD
0.20%$1k-6 Month CD
Locations

First Dakota National Bank has 16 locations. Click to view all First Dakota National Bank locations.