First Fidelity Bank, Financial Information

About First Fidelity Bank

 Address:
745 Main Street
Burke, SD
Gregory County, South Dakota
 Established:
Jan 1905
 Number of domestic offices:
7
Agriculture bank
Total assets$445M
Net income$7M
Net income, quarterly$2M
Total deposits$399M
Domestic deposits$399M
Equity capital$44M
ROA1.7%
ROAQ, quarterly1.42%
ROA, pretax1.42%
ROAQ, quarterly, pretax1.49%
ROE17.01%
ROEQ, quarterly14.08%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Chartered in 1905, First Fidelity Bank began as the Burke State Bank in Burke, South Dakota. One building served as a drugstore, grocery store and bank. In the early 1930's, the Burke State Bank opened a branch in Bonesteel. L.L. Lillibridge and associates purchased the Jones County State Bank (in Murdo) in 1949, and the Citizens Bank of Colome in 1956. In 1972, the names of these three banks were changed to First Fidelity Bank, although they each continued to operate under their own separate charter.

In 1972, First Fidelity Bank of Burke established a new branch in Platte, and in 1984 the bank purchased its Gregory branch from United National Bank. In 1986, the three separate First Fidelity Bank charters (Burke, Murdo and Colome) were merged into one First Fidelity Bank under the original 1905 charter. In 1990, Ranchers National Bank in Winner was acquired, making a total of seven First Fidelity Bank offices in South Dakota.

A strong local identity and continuity of leadership have made the bank an integral part of family and business life in the communities served by First Fidelity Bank. It seems that as big banks just keep getting bigger, they know less and less about the folks they serve. Broad policy decisions are made on a national level. First Fidelity Bank offers all the benefits of a full-service bank.

Burke
P.O. Box 376
Burke, SD 57523
(605) 775-2641

Bonesteel
P.O. Box 50
Bonesteel, SD 57317
(605) 654-2633

Colome
P.O. Box 407
Colome, SD 57528
(605) 842-0525

Gregory
P.O. Box 271
Gregory, SD 57533
(605) 835-9627

Murdo
P.O. Box 47
Murdo, SD 57559
(605) 669-2492

Platte
P.O. Box 450
Platte, SD 57369
(605) 337-3352

Winner
P.O. Box 111
Winner, SD 57580
(605) 842-3811