Bank · FDIC insured
First National Bank in Philip
A $458.4M bank headquartered in Philip, SD, with 2 branches in South Dakota. Best rates: CDs 3.60% and savings 1.82% APY.
First National Bank in Philip Carrot Score
83
Carrot Score
Higher than 63% of U.S. banks and credit unions
#5 of 16 in Rapid City, SD metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First National Bank in Philip
Chartered in 1906, First National Bank in Philip is a locally owned bank serving a large part of western South Dakota.
Originally opened as The Bank of Midland, it became First National Bank of Midland in 1914, relocated to Philip in 1938, and acquired Farmers State Bank in Faith in 2013.
- Headquarters
- 103 E Oak Street, Philip, SD 57567
- FDIC certificate
- 3999 ↗
Branches
2 branches in South Dakota
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South Dakota
2 branches
Philip area · 1
- First National Bank in PhilipMain office103 E Oak Street, Philip, SD 57567Directions
Rapid City area · 1
- First National Bank In Phillip - Faith Branch127 Main St, Faith, SD 57626Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 12.05% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 2.15% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $70 | $81 | — |
- CapitalLeverage ratio12.05%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets2.15%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$70Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First National Bank in Philip are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.