Overview / Commentary
First National Bank in Philip is headquartered in Philip and is the 26th largest bank in the state of South Dakota. It is also the 2,400th largest bank in the nation. It was established in 1906 and as of June of 2019, it had grown to 30 employees at 2 locations. First National Bank in Philip's money market rates are 4X the national average, and it has an A health rating.
Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3999 |
| Year Established | 1906 |
| Employees | 30 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.9% |
| Return on Equity - YTD | 14.14% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $265.1MM$252.0MM |
| Loans | Q2 2019vs Q2 2018 | $196.8MM$182.5MM |
| Deposits | Q2 2019vs Q2 2018 | $218.4MM$215.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $36.0MM$32.6MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.3MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $119.00K$0 |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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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 | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $5 | - | IRA Open Account | |
| 1.00% | $25 | - | Regular Savings | |
| 0.75% | $5 | - | Health Savings NOW Checking |
First National Bank in Philip Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.61%* | $200k* | - | Cash Management Account | ||
| OTHER TIERS: 1.00% → Up to $2.5k | 1.13% → $2.5k - $25k | 1.25% → $25k - $50k | 1.37% → $50k - $100k | 1.49% → $100k - $200k | |||||
First National Bank in Philip Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $1.5k | - | NOW Checking |
First National Bank in Philip CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 4 Year CD | |
| 1.91% | $1k | - | 3 Year CD | |
| 1.81% | $1k | - | 2 Year CD | |
| 1.71% | $1k | - | 1 Year CD | |
| 1.61% | $1k | - | 6 Month CD | |
| 1.51% | $1k | - | 3 Month 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 |