First Bank & Trust (SD)

First Bank & Trust (SD) Locations
520 6th Street
Brookings, SD 57006
www.bankeasy.com

First Bank & Trust (SD) is headquartered in Brookings and is the 9th largest bank in the state of South Dakota. It is also the 767th largest bank in the nation. It was established in 1925 and as of March of 2012, it had grown to 112 employees at 6 locations. First Bank & Trust (SD) has a 4-star health rating.

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Data for Q1 2012


Institution Statistics


First Bank & Trust
FDIC Certificate #3973
BankRate ReportView
Year Established1925
Employees112
Primary RegulatorFDIC

Assets and Liabilities

Assets$867.30 million
Loans$553.11 million
Deposits$733.69 million
Equity Capital$89.95 million
Loan Loss Allowance$9.24 million
Unbacked Noncurrent Loans$6.42 million
Real Estate Owned$18.98 million

Historic Data - March 2011

Assets$812.18 million
Equity Capital$81.64 million
Loan Loss Allowance$10.04 million
Unbacked Noncurrent Loans$11.27 million
Real Estate Owned$14.59 million

Profit Margin - Quarterly

Net Interest Margin3.79%
Return on Assets1.17%
Return on Equity11.23%
Interest Income$9.18 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Bank & Trust (SD) had $25.4 million in non-current loans and owned real-estate with $99.19 million in equity and loan loss allowances on hand to cover it. This gives First Bank & Trust (SD) a Texas Ratio of 25.61% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for First Bank & Trust (SD) held steady from 28.23% as of March 31, 2011 to 25.61% as of March 31, 2012, resulting in a positive change of 9.30%.This indicates that the balance sheet and financial strength for First Bank & Trust (SD) has held steady in recent periods.
Deposit Growth5
In the past year, First Bank & Trust (SD) has increased its total deposits by $38.18 million, resulting in 5.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank & Trust (SD) has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank & Trust (SD) has $867.3 million in assets with $99.19 million in equity, resulting in a capitalization level of 11.44%, which is above average.
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