First National Bank in Philip: how it compares with its peers
Against 15 SD banks with half to twice its assets, First National Bank in Philip's strongest measure in Q2 2026 is efficiency ratio (34.98% vs. a 55.36% peer median). Its weakest relative measure is net interest margin (3.47% vs. 3.71%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.15% | 1.47% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.47% | 3.71% | Middle third Ahead of 40% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 34.98% | 55.36% | Top third Ahead of 100% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $15.8M | $7.5M | Top third Ahead of 100% of peers |
| Loans to deposits Net loans and leases over total deposits. | 69.22% | 85.67% | Context |
What it means for lending operations
Its efficiency ratio of 34.98% is better than the 55.36% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- First National Bank Oldham, SD · $478M
- Black Hills Community Bank, N.A. Rapid City, SD · $490M
- BankStar Financial Elkton, SD · $363M
- Security Savings Bank Canton, SD · $557M
- Rivers Edge Bank Marion, SD · $357M
- Frontier Bank Sioux Falls, SD · $349M
Questions about First National Bank in Philip
How big is First National Bank in Philip?
First National Bank in Philip, established in 1906, is headquartered in Philip, SD. It reported $458M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First National Bank in Philip's return on assets?
2.15% annualized in Q2 2026, against a 1.47% median for 15 SD banks with half to twice its assets, ahead of 73% of them.
What is First National Bank in Philip's efficiency ratio?
34.98% in Q2 2026: it spent about 35 cents in noninterest expense for each dollar of revenue. The peer median is 55.36%, and lower is better.
Is First National Bank in Philip growing its loans?
Net loans grew 8.3% over the year to Q2 2026, while deposits grew 13.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are SD banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every South Dakota bank ranked.