The catalogue › United States › Plains › South Dakota
The state note · prepared 7 September 2026

South Dakota

56 banks and 33 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

56 banks filing · read from the 30 June 2026 Call Report
56
banks filing
$3.94T in assets
+5.2%
Loans, year over year
median; 15 above 10%, 10 shrinking
9.7%
CRE / loans
median
74.2%
Loans / deposits
median
0.39%
NPA / loans
median
10.5%
Equity / assets
median

South Dakota's 56 banks hold $3.94T in assets at 30 June 2026. Citibank National Association is the largest at $1.98T, and the five largest hold 99% of the total; 18 institutions are above $1B, holding $3.94T.

Loans grew a median +5.2% in the year to 30 June 2026: 15 institutions grew faster than 10% and 10 shrank. The median bank lends 74% of its deposits and holds commercial real estate at 9.7% of loans. Nonperforming loans sit at a median 0.39% of the book, return on assets at 1.36%, and equity at 10.5% of assets.

7 of the 56 are in the catalogue, each read from its own filing beside the banks its size in the state: Citibank National Association, Wells Fargo Bank N.A., Bcorp Bank National Association, Pathward National Association, Dacotah Bank, First Bank & Trust, Sunrise Banks National Association.

Who holds the state's assetseach institution's share of the $3.94T the state's 56 hold; the largest first, amber in the catalogue
Citibank National Association: 50.1%CN50%Wells Fargo Bank N.A.: 48.4%WF48%Bcorp Bank National Association: 0.2%Pathward National Association: 0.2%Dacotah Bank: 0.1%First Bank & Trust: 0.1%First Premier Bank: 0.1%First Dakota National Bank: 0.1%Sunrise Banks National Association: 0.1%American Bank & Trust: 0.1%46 others 1%CNCitibank National Ass…50.1%WFWells Fargo Bank N.A.48.4%BBBcorp Bank National A…0.2%PNPathward National Ass…0.2%DBDacotah Bank0.1%FBFirst Bank & Trust0.1%FPFirst Premier Bank0.1%FDFirst Dakota National…0.1%SBSunrise Banks Nationa…0.1%ABAmerican Bank & Trust0.1%

Citibank National Association holds 50.1% of the state's bank assets; the five largest hold 99%, and 18 of the 56 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestCitibank National Associa…: 50% of the totalThe five largest99% of the totalThe ten largest99% of the totalGINI10 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 99% of the assets in 9% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Other loans and leases31.0%$558BCommercial & industrial20.9%$376B1-4 family residential, closed-end19.4%$349BCredit card13.1%$236BNonfarm nonresidential, non-owner-occupied4.4%$78.4BAuto3.2%$57.2BMultifamily2.2%$39.0BNonfarm nonresidential, owner-occupied1.3%$22.6BConstruction & land1.2%$22.4BStates & municipalities1.0%$18.8BConsumer, other0.9%$17.0BHome equity lines0.7%$12.5BAgricultural production0.4%$7.7BFarmland0.2%$4.3B

Other loans and leases is the largest category at 31.0% of the state's $1.80T in loans, then Commercial & industrial at 20.9% and 1-4 family residential, closed-end at 19.4%.

Loans, year over yearSouth Dakota banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 56 · amber, in the catalogue
state median +5.2% CC Campbell County Bank Inc +21.0% IS Ipswich State Bank +20.1% FM Farmers & Merchants State Bank +17.5% FS Farmers State Bank of Turton +17.5% FF First Fidelity Bank +17.4% RE Rivers Edge Bank +16.3% HS Heartland State Bank +15.8% SN Security National Bank of South D… +15.4% AS Andes State Bank +15.4% FN First National Bank +13.4% RD Reliabank Dakota +11.9% FD First Dakota National Bank +11.8% BF Bankstar Financial +11.6% WF Wells Fargo Bank N.A. +11.5% CB Community Bank +11.1% FN First National Bank in Sioux Falls +9.6% PN Pathward National Association +8.6% CN Citibank National Association +8.5% FN First National Bank in Philip +8.2% BI Bankwest Inc +8.2% FS First Savings Bank +8.2% DB Dacotah Bank +8.2% FS Farmers State Bank +7.2% FS Farmers State Bank of Canton +7.0% BB Bcorp Bank National Association +7.0%

Campbell County Bank Inc grew fastest at +21.0%; 15 grew faster than 10% and 10 shrank, One American Bank the most at -22.0%. The median is +5.2%.

Commercial real estate, share of loansSouth Dakota banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 56 · amber, in the catalogue
state median 9.7% FS First Savings Bank 54.4% SB Sunrise Banks National Association 43.4% FN First National Bank 43.0% BH Black Hills Community Bank N A 42.7% SN Security National Bank of South D… 37.2% CB Cortrust Bank National Association 34.1% BB Bcorp Bank National Association 33.6% BF Bankstar Financial 32.8% AB American Bank & Trust 32.5% FB Frontier Bank 31.8% FN First National Bank 31.2% BI Bankwest Inc 30.7% FB First Bank & Trust 29.6% FD First Dakota National Bank 29.3% DB Dacotah Bank 26.9% PB Pioneer Bank & Trust 26.4% PC Plains Commerce Bank 26.1% RD Reliabank Dakota 24.8% sF 1st Financial Bank USA 18.5% FN First National Bank in Philip 17.2% FP First Premier Bank 13.8% QF Quoin Financial Bank 12.9% FN First National Bank in Sioux Falls 11.9% GP Great Plains Bank 11.8% DN DNB National Bank 11.3%

First Savings Bank is the most CRE-weighted at 54.4% of loans; 4 of the 56 are above 40%, against a median of 9.7%.

Commercial real estate against capital, the 300% screenSouth Dakota banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 56 · amber, in the catalogue
state median 50% 300% screen SB Sunrise Banks National Association 279% BH Black Hills Community Bank N A 264% BB Bcorp Bank National Association 254% BF Bankstar Financial 251% FD First Dakota National Bank 242% FB Frontier Bank 232% BI Bankwest Inc 221% FB First Bank & Trust 212% PC Plains Commerce Bank 208% CB Cortrust Bank National Association 207% DB Dacotah Bank 202% FS First Savings Bank 202% AB American Bank & Trust 189% SN Security National Bank of South D… 178% RD Reliabank Dakota 151% FN First National Bank 147% FN First National Bank 120% PB Pioneer Bank & Trust 118% QF Quoin Financial Bank 102% SS Security Savings Bank 82% FN First National Bank in Philip 81% FN First National Bank in Sioux Falls 77% sF 1st Financial Bank USA 76% HS Heartland State Bank 66% WF Wells Fargo Bank N.A. 65%

0 of the 56 banks sit above the 300% screen, Sunrise Banks National Association the highest at 279% of capital; the median is 50%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenSouth Dakota banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 56 · amber, in the catalogue
state median 9% 100% screen BH Black Hills Community Bank N A 81% BI Bankwest Inc 76% sF 1st Financial Bank USA 66% QF Quoin Financial Bank 63% PB Pioneer Bank & Trust 59% DB Dacotah Bank 54% PC Plains Commerce Bank 53% FB First Bank & Trust 51% FD First Dakota National Bank 48% CB Cortrust Bank National Association 43% RD Reliabank Dakota 35% GP Great Plains Bank 34% FN First National Bank in Philip 34% SB Sunrise Banks National Association 29% FN First National Bank 28% FB Frontier Bank 24% FP First Premier Bank 22% BF Bankstar Financial 22% AB American Bank & Trust 21% DN DNB National Bank 19% FS First Savings Bank 19% FN First National Bank in Sioux Falls 19% FF First Fidelity Bank 16% RE Rivers Edge Bank 15% FS First State Bank of Roscoe 15%

0 of the 56 banks sit above the 100% construction screen, Black Hills Community Bank N A the highest at 81%; the median is 9%.

Loans to depositsSouth Dakota banks, 30 June 2026 · listed highest first · the 25 highest of 56 · amber, in the catalogue
state median 74% FW First Western FSB 144% FM Farmers & Merchants State Bank 108% FN First National Bank 104% CC Campbell County Bank Inc 103% PC Plains Commerce Bank 101% OA One American Bank 98% FD First Dakota National Bank 97% FN First National Bank 97% BB Bcorp Bank National Association 96% FS First Savings Bank 95% BF Bankstar Financial 94% DB Dacotah Bank 94% RE Rivers Edge Bank 92% GP Great Plains Bank 91% HS Heartland State Bank 91% SB Security Bank Midwest 90% sF 1st Financial Bank USA 90% FN First National Bank in Sioux Falls 90% SN Security National Bank of South D… 89% PN Pathward National Association 87% BH Black Hills Community Bank N A 87% SS Security Savings Bank 86% FB First Bank & Trust 86% BI Bankwest Inc 86% MS Merchants State Bank 82%

5 of the 56 lend more than they hold in deposits, First Western FSB the furthest at 144%; the median is 74%.

Nonperforming loans, share of loansSouth Dakota banks, 30 June 2026 · listed highest first · the 25 highest of 56 · amber, in the catalogue
state median 0.39% PN Pathward National Association 5.28% SS Security State Bank 3.72% GP Great Plains Bank 3.49% BI Bankwest Inc 2.76% CS Commercial State Bank of Wagner 2.29% FS Farmers State Bank of Turton 2.20% FN First National Bank 2.01% OA One American Bank 1.56% DB Dacotah Bank 1.52% sF 1st Financial Bank USA 1.51% SB Sunrise Banks National Association 1.34% BB Bcorp Bank National Association 1.33% IS Ipswich State Bank 1.31% PC Plains Commerce Bank 1.22% WF Wells Fargo Bank N.A. 1.04% FS First Savings Bank 0.90% FM Farmers & Merchants State Bank 0.76% CB Cortrust Bank National Association 0.70% FN First National Bank 0.69% CN Citibank National Association 0.66% WD Western Dakota Bank 0.62% CB Community Bank 0.60% CC Campbell County Bank Inc 0.58% AB American Bank & Trust 0.57% FB First Bank & Trust 0.42%

Pathward National Association carries the most nonperforming loans at 5.28% of the book; 15 of the 56 are above 1%, and the median is 0.39%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%1.00%2.00%3.00%4.00%5.00%6.00%NPA / loansAllowance / loansBSBryant State Bank+5.31%FSFirst Savings Bank+4.48%FNFirst National Bank+4.26%FNFirst National Bank+4.16%FNFirst National Bank of Frederick+3.84%SBState Bank of Eagle Butte+2.68%RSRichland State Bank+2.31%ASAndes State Bank+2.25%SBSunrise Bank Dakota+2.12%CNCitibank National Association+1.67%CSCitizens State Bank of Arlington+1.63%FMFarmers & Merchants State Bank+1.53%DNDNB National Bank+1.52%BHBlack Hills Community Bank N A+1.48%FNFirst National Bank in Philip+1.37%FPFirst Premier Bank+1.35%SNSecurity National Bank of South D…+1.32%FSFirst State Bank of Roscoe+1.22%FBFrontier Bank+1.15%CCCampbell County Bank Inc+1.13%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 10 of the 56 hold an allowance smaller than their nonperforming loans.

Return on assetsSouth Dakota banks, 30 June 2026 · listed highest first · the 25 highest of 56 · amber, in the catalogue
state median 1.36% BB Bcorp Bank National Association 2.86% PN Pathward National Association 2.73% CS Commercial State Bank of Wagner 2.56% FS First Savings Bank 2.55% FM Farmers & Merchants State Bank 2.51% FN First National Bank 2.50% HS Heartland State Bank 2.44% FW First Western FSB 2.43% SN Security National Bank of South D… 2.40% FN First National Bank in Philip 2.22% CC Campbell County Bank Inc 2.16% FN First National Bank 2.10% RS Richland State Bank 1.99% SS Security State Bank 1.98% DN DNB National Bank 1.97% BS Bryant State Bank 1.95% IS Ipswich State Bank 1.86% MS Merchants State Bank 1.86% GP Great Plains Bank 1.84% FP First Premier Bank 1.77% BH Black Hills Community Bank N A 1.73% FF First Fidelity Bank 1.69% FD First Dakota National Bank 1.66% FS First State Bank of Roscoe 1.61% PB Pioneer Bank & Trust 1.50%

Bcorp Bank National Association earns the most at 2.86% and One American Bank the least at -3.75%; 7 of the 56 earn under 0.50%, and the median is 1.36%.

The efficiency ratio, with the return beside itSouth Dakota banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 56 · amber, in the catalogue
state median 57.5% FN First National Bank in Philip 35.0% ROA 2.22% SS Security State Bank 36.3% ROA 1.98% FM Farmers & Merchants State Bank 38.8% ROA 2.51% BB Bcorp Bank National Association 41.3% ROA 2.86% FS First Savings Bank 41.6% ROA 2.55% SN Security National Bank of South D… 42.8% ROA 2.40% FN First National Bank 44.9% ROA 2.50% FN First National Bank 45.7% ROA 2.10% IS Ipswich State Bank 46.9% ROA 1.86% MS Merchants State Bank 48.6% ROA 1.86% CS Commercial State Bank of Wagner 49.1% ROA 2.56% FS First State Bank of Roscoe 49.4% ROA 1.61% CC Campbell County Bank Inc 49.4% ROA 2.16% PB Pioneer Bank & Trust 50.1% ROA 1.50% CN Citibank National Association 51.7% ROA 1.02% GP Great Plains Bank 52.7% ROA 1.84% FW First Western FSB 52.8% ROA 2.43% RE Rivers Edge Bank 53.1% ROA 1.43% HS Heartland State Bank 53.6% ROA 2.44% AB American Bank & Trust 54.0% ROA 1.30% BH Black Hills Community Bank N A 54.1% ROA 1.73% FD First Dakota National Bank 54.5% ROA 1.66% DN DNB National Bank 54.5% ROA 1.97% WF Wells Fargo Bank N.A. 55.0% ROA 1.36% BF Bankstar Financial 55.4% ROA 1.49%

First National Bank in Philip runs the leanest at 35.0% of revenue in cost; 7 of the 56 spend more than 80 cents of every revenue dollar, and the median is 57.5%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Citibank National Association$1.98T+8.5%3.3%49%0.66%1.02%8.7%
Wells Fargo Bank N.A.$1.91T+11.5%10.4%64%1.04%1.36%8.9%
Bcorp Bank National Association$9.2B+7.0%33.6%96%1.33%2.86%9.6%
Pathward National Association$7.3B+8.6%0.8%87%5.28%2.73%12.1%
Dacotah Bank$4.9B+8.2%26.9%94%1.52%1.08%9.8%
First Bank & Trust$4.8B+2.5%29.6%86%0.42%1.29%11.3%
First Premier Bank$3.6B-0.5%13.8%74%0.10%1.77%13.5%
First Dakota National Bank$3.4B+11.8%29.3%97%0.30%1.66%9.8%
Sunrise Banks National Association$2.8B+1.1%43.4%72%1.34%0.34%9.2%
American Bank & Trust$2.2B+5.7%32.5%82%0.57%1.30%10.9%
First National Bank in Sioux Falls$2.1B+9.6%11.9%90%0.41%1.11%9.3%
First National Bank$2.0B+13.4%43.0%104%0.69%2.50%23.4%
Bankwest Inc$1.9B+8.2%30.7%86%2.76%0.68%8.3%
First Savings Bank$1.6B+8.2%54.4%95%0.90%2.55%19.3%
Cortrust Bank National Association$1.6B+0.3%34.1%74%0.70%0.38%8.9%
Five years, 2021 to 2026the 56 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$1.52T$1.80T+18%
Deposits, in total$2.86T$3.16T+10%
NPA / loans, median0.42%0.39%-0.02 pts
Efficiency, median56.8%57.5%+0.7 pts
ROA, median1.50%1.36%-0.14 pts

Small-business lending

SBA 7(a) approvals into South Dakota since FY2008, across every lender type

$912M of 7(a) credit has been approved into South Dakota since FY2008 across 2,808 loans. Accommodation & food services is the largest category at 18.3%, Retail trade at 17.8%, Manufacturing at 11.6%; the three together are 48% of the money. The heaviest losses fall in Transportation & warehousing, at 5.56% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 164 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
WF Wells Fargo Bank National Associa… 11.8% $108M · 327 loans FI First Interstate Bank 9.8% $89M · 295 loans TF The First National Bank in Sioux … 6.4% $59M · 191 loans FB First Bank & Trust 6.4% $58M · 95 loans BH Black Hills FCU 4.9% $45M · 313 loans DB Dacotah Bank 3.6% $33M · 89 loans LO Live Oak Banking Company 3.2% $29M · 18 loans MB Minnwest Bank 3.2% $29M · 93 loans GI GBC International Bank 2.8% $26M · 12 loans FN First National Bank 2.8% $25M · 108 loans UB U.S. Bank, National Association 2.3% $21M · 153 loans BB Byline Bank 1.9% $17M · 8 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services19.4%$167M · 406 loansRetail trade18.9%$163M · 469 loansManufacturing12.3%$106M · 244 loansConstruction9.9%$85M · 368 loansOther services9.0%$78M · 300 loansHealth care & social assistance8.2%$70M · 223 loansWholesale trade5.4%$46M · 84 loansProfessional & technical services4.7%$41M · 157 loansTransportation & warehousing3.8%$33M · 126 loansAdministrative & waste services3.7%$32M · 117 loansArts, entertainment & recreation2.7%$23M · 98 loansAgriculture, forestry & fishing2.2%$19M · 54 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$167M40618.3%$3M1.60%
Retail trade$163M46917.8%$4M2.52%
Manufacturing$106M24411.6%$2M1.53%
Construction$85M3689.3%$2M2.48%
Other services$78M3008.5%$1M1.74%
Health care & social assistance$70M2237.7%$189K0.27%
Wholesale trade$46M845.1%$331K0.71%
Professional & technical services$41M1574.4%$664K1.64%
Transportation & warehousing$33M1263.6%$2M5.56%
Administrative & waste services$32M1173.5%$353K1.12%
Arts, entertainment & recreation$23M982.5%$778K3.40%
Agriculture, forestry & fishing$19M542.1%$17K0.09%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Minnehaha$234M81577
Pennington$154M52247
Lincoln$76M25942
Union$52M6524
Lawrence$50M15022
Codington$46M7533
Brown$38M9320
Davison$27M6518
Meade$26M12916
Brookings$24M6922

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any South Dakota institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 7 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in South Dakota

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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