First National Bank in Philip

Overview / Commentary

www.fnbphilip.com

605-859-2525

103 E Oak Street
Philip, SD 57567

First National Bank in Philip is headquartered in PHILIP and is the 25^th largest bank in the state of South Dakota. It is also the 2,202^nd largest bank in the nation. It was established in 1906 and as of June of 2024, it had grown to 26 employees at 2 locations. First National Bank in Philip's money market rates are 9X the national average, and it boasts an A+ health rating.

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Health

A+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	3999
Year Established	1906
Employees	26
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.86%
Return on Equity - YTD	16.98%
Annual Interest Income	$10.2MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$359.8MM$359.3MM
Loans	Q2 2024vs Q2 2023	$247.9MM$230.6MM
Deposits	Q2 2024vs Q2 2023	$314.9MM$318.3MM
Equity Capital	Q2 2024vs Q2 2023	$40.6MM$37.2MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$3.7MM$3.7MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$0$24K
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank in Philip Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.06%	$5	-	IRA Open Account
2.27%	$25	-	Regular Savings
2.27%	$25	-	Business Regular Savings
1.26%	$5	-	Health Savings NOW Checking

First National Bank in Philip Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.07%^*	$200k^*	-	Cash Management Account
OTHER TIERS: 2.27% → $0 - $2.5k \| 2.63% → $2.5k - $25k \| 2.99% → $25k - $50k \| 3.35% → $50k - $100k \| 3.71% → $100k - $200k

First National Bank in Philip Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.00%	$1.5k	-	NOW Checking
1.00%	$1.5k	-	Business NOW Checking

First National Bank in Philip CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.58%	$1k	-	3 Month CD
4.58%	$1k	-	Business 3 Month CD
4.55%	$1k	-	6 Month CD
4.55%	$1k	-	Business 6 Month CD
4.06%	$1k	-	1 Year CD
4.06%	$1k	-	Business 1 Year CD
3.80%	$1k	-	2 Year CD
3.80%	$1k	-	3 Year CD
3.80%	$1k	-	Business 2 Year CD
3.80%	$1k	-	Business 3 Year CD
3.75%	$1k	-	4 Year CD
3.75%	$1k	-	Business 4 Year CD

Locations

First National Bank in Philip Locations
First National Bank In Philip	103 E Oak	Philip, SD 57567
Faith Farmers Branch	127 Main Street	Faith, SD 57626

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