The First National Bank of Frederick
BankRegReports is independent of The First National Bank of Frederick and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Frederick is an FDIC-insured commercial bank headquartered in Frederick, SD, established in 1882 (FDIC certificate 3985), and it is supervised by the OCC. At Q2 2026 it reported total assets of $28.8M, up 1.2% from Q2 2025, the 55th largest of 56 banks headquartered in South Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.71% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 3985
- Headquarters
- Frederick, SD
- Established
- 1882
- Total assets, Q2 2026
- $28.8M
- Assets vs Q2 2025
- +1.2%
- Tier 1 leverage ratio, Q2 2026
- 12.71%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091403140
- Latest call report
- Q2 2026, FFIEC 051 · The First National Bank of Frederick call report
- Asset rank in state
- 55th of 56 in South Dakota
The First National Bank of Frederick, based in Frederick, South Dakota, reported $29 million in assets at June 30, 2026, up 1.2% from a year earlier. It keeps 2.27 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 3.87 cents). On the other hand, it carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.4%).
Loans and deposits moved in opposite directions: over the year loans fell 20.9% and deposits rose 0.6%. Paper losses on its bond portfolio are shrinking: unrealized losses of $585,000 equal 16% of Tier 1 capital, down from 22% a year earlier. Profitability lags: it earns about $0.39 a year on every $100 of assets, about a third the median of $1.06 for banks its size.
As of June 30, 2026, The First National Bank of Frederick reported a return on assets of 0.39%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
The First National Bank of Frederick ranks as the 55th largest of the 56 banks based in South Dakota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.7% to $28.8M, loans rose 14.5% and deposits rose 1.4%. Agricultural production loans made up 53.6% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 22.2%. The FDIC Summary of Deposits lists a single office for it, in Frederick, SD. On its Q2 2026 call report, The First National Bank of Frederick meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 314 Main St, Frederick, SD 57441
- County
- Brown
- Metro Area
- Aberdeen, SD
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 18, 1882
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 4
- Domestic deposits
- $25.5M
- Allowance for credit losses
- $165K
- Net charge-offs (YTD)
- $0
- Average total assets
- $28.7M
- Average total loans
- $3.7M
- Average interest-bearing deposits
- $18.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3985
- Fed RSSD
- 288152
- Website
- www.fnbfredericksd.com →
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The First National Bank of Frederick reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The First National Bank of Frederick's total assets ran between $26.0M (Q3 2025) and $34.0M (Q2 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$28.8M total assets against $28.5M; $25.6M total liabilities against $25.5M.
$4.1M net loans and leases against $5.3M; $25.5M total deposits against $25.3M.
$14.3M securities against $12.9M; $8.6M cash and balances due against $8.5M.
$241K total interest income against $267K; $90K total interest expense against $100K.
$151K net interest income against $167K.
$15K total noninterest income against $16K; $133K total noninterest expense against $143K.
No provision recorded in the last 12 quarters.
$28K net income against $31K.
0.39% return on assets against 0.44%; 2.27% net interest margin against 2.48%.
12.71% tier 1 leverage ratio against 12.57%.
Inside the full The First National Bank of Frederick terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe First National Bank of Frederick rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.19% (Q1 2026) to 0.70% (Q4 2024) and its net interest margin ran from 2.13% (Q3 2024) to 2.48% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.71% | 0.39% | 0.00% | 0.00% | 2.27% |
| Q1 2026 | 13.51% | 0.19% | 0.00% | 0.00% | 2.38% |
| Q4 2025 | 14.20% | 0.24% | 0.15% | 0.35% | 2.46% |
| Q3 2025 | 13.45% | 0.40% | 0.00% | 0.00% | 2.24% |
| Q2 2025 | 12.57% | 0.44% | 0.00% | 0.00% | 2.48% |
| Q1 2025 | 12.90% | 0.32% | 0.00% | 0.00% | 2.36% |
| Q4 2024 | 10.67% | 0.70% | 0.00% | 0.00% | 2.47% |
| Q3 2024 | 10.00% | 0.65% | 0.00% | 0.00% | 2.13% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The First National Bank of Frederick | Frederick , SD | 57441 | $25.5M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- December 16, 2010, OCC: Formal Agreement: The First National Bank of Frederick
- Period: Most recent institution action December 16, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in SD, rank 74 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows The First National Bank of Frederick’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about The First National Bank of Frederick
What are The First National Bank of Frederick's total assets?
As of the Q2 2026 filing, The First National Bank of Frederick reported total assets of $28.8 million in its FFIEC call report.
Where is The First National Bank of Frederick headquartered?
It is headquartered in Frederick, SD, United States.
When was The First National Bank of Frederick founded?
It was established in 1882, per the FDIC institution directory.
Is The First National Bank of Frederick FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #3985). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First National Bank of Frederick?
The First National Bank of Frederick's primary federal regulator is the OCC.
How many branches does The First National Bank of Frederick operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First National Bank of Frederick's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on The First National Bank of Frederick.
Get an email when The First National Bank of Frederick files its next call report, and benchmark it against any peer you choose.
Unlock The First National Bank of Frederick, freeFree account