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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · South Dakota, the state note

First Bank & Trust

Brookings, South Dakota · $4.78B in assets · beside the 5 other South Dakota banks between $3B and $10B

The filing

29.6%
CRE / loans
5th of 6
1.29%
ROA
5th of 6
60.1%
Efficiency
5th of 6

First Bank & Trust is the fourth largest of the 6 South Dakota banks between $3B and $10B, with $4.78B in assets at 30 June 2026. Loans are 85.7% of deposits, 2nd of 6 against a median of 90.6%, and equity is 11.3% of assets, 3rd of 6. Loans grew +2.5% in the year, 5th of 6, and deposits grew 2.8%; the cohort's median loan growth is +7.6%.

Noncurrent loans are 0.42% of the book, 3rd of 6 against a median of 0.87%; 0.27% is 30 to 89 days past due, and the allowance covers them 3.0 times. Commercial real estate is 29.6% of loans, 5th of 6 against a median of 28.1%, and 212% of capital, below the 300% screen, with construction at 51% against the 100% screen.

Return on assets is 1.29%, 5th of 6 against a median of 1.72%, on an efficiency ratio of 60.1%, 5th of 6. Five years ago it was 1.45%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate, share of loansSD banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 28.1% PN Pathward National Association 0.8% FP First Premier Bank 13.8% DB Dacotah Bank 26.9% FD First Dakota National Bank 29.3% FB First Bank & Trust 29.6% BB Bcorp Bank National Association 33.6%
Loans, year over yearSD banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +7.6% FD First Dakota National Bank +11.8% PN Pathward National Association +8.6% DB Dacotah Bank +8.2% BB Bcorp Bank National Association +7.0% FB First Bank & Trust +2.5% FP First Premier Bank -0.5%

SBA 7(a), FY2008 to FY2026

First Bank & Trust is the 21st largest 7(a) lender into Minnesota of 444, with $101M across 146 loans, 1.0% of everything approved in the state (Old National Bank leads with $1.05B). 9 of its 45 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Minnesota, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hennepin, MN$35M23rd of 2281.2%+4.4 pts
Ramsey, MN$22M11th of 1392.3%+2.6 pts
Minnehaha, SD$15M4th of 776.4%+13.7 pts
Anoka, MN$13M13th of 1361.9%+5.1 pts
Lincoln, SD$12M2nd of 4215.2%+5.1 pts
Brookings, SD$11M1st of 2245.5%+41.7 pts
Dakota, MN$9M23rd of 1601.1%-0.9 pts
Codington, SD$7M2nd of 3315.1%+17.0 pts
Woodbury, IA$5M6th of 476.1%thin
Scott, MN$4M15th of 961.7%-1.4 pts
Pennington, SD$4M10th of 472.4%thin
Washington, MN$3M26th of 1090.8%-2.2 pts
Roberts, SD$3M1st of 938.5%thin
32 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Retail trade39$27M15.9%0.04%271st of 2,589
Health care & social assistance38$26M15.1%0.05%216th of 2,172
Accommodation & food services38$25M14.3%0.03%347th of 2,596
Other services31$23M13.5%0.07%211th of 2,248
Construction21$11M6.7%0.04%337th of 2,063
7(a) lenders into Minnesota, share of approvals since FY2008444 lenders on record; the ten largest and First Bank & Trust
ON Old National Bank 10.7% $1.05B · 2,156 loans WF Wells Fargo Bank National Associa… 6.7% $663M · 2,451 loans UB U.S. Bank, National Association 5.7% $556M · 3,508 loans B Bankvista 4.5% $438M · 1,010 loans CF Choice Financial Group 3.6% $349M · 744 loans PB Platinum Bank 3.2% $318M · 420 loans LO Live Oak Banking Company 2.5% $247M · 190 loans sC 21st Century Bank 2.4% $238M · 699 loans FN Falcon National Bank 2.1% $211M · 546 loans SB Sunrise Banks National Association 2.1% $204M · 726 loans FB First Bank & Trust 1.0% $101M · 146 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers, First Bank & Trust among them; owner-occupied excluded; bold marks a screen met
First Bank & TrustRankCohort median
Total CRE against capital, the 300% screen212%4th of 6207%
Construction against capital, the 100% screen51%5th of 635%
Construction and land development, share of loans7.1%5th of 65.8%
Non-owner-occupied nonfarm nonresidential, share of loans14.4%4th of 68.8%
Total CRE, the guidance definition, share of loans29.6%5th of 628.1%
CRE growth over 36 months, the third prong-3.9%2nd of 6+12.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Bcorp Bank National Association$9.21B2.9%41.3%1.33%1.57%0.9%96.0%9.6%
Pathward National Association$7.31B2.7%58.3%5.28%0.84%2.1%87.4%12.1%
Dacotah Bank$4.92B1.1%62.2%1.52%0.22%1.2%93.9%9.8%
First Bank & Trust$4.78B1.3%60.1%0.42%0.02%1.3%85.7%11.3%
First Premier Bank$3.64B1.8%57.6%0.10%0.19%1.4%73.8%13.5%
First Dakota National Bank$3.39B1.7%54.5%0.30%0.00%1.1%97.0%9.8%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First Bank & TrustCohort median
20212026Change20212026Change
Loans$2.69B$3.57B+33%$2.51B$3.83B+53%
Deposits$3.37B$4.17B+24%$3.13B$4.26B+36%
NPA / loans0.28%0.42%+0.14 pts0.54%0.87%+0.33 pts
Efficiency56.7%60.1%+3.4 pts56.2%58.0%+1.8 pts
ROA1.45%1.29%-0.16 pts1.61%1.72%+0.10 pts

This read was prepared for First Bank & Trust's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Bank & Trust is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort SD banks $3B to $10B
Institution www.bankeasy.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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