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877-793-3228
110 North Minnesota Avenue
Sioux Falls, SD 57104

First Bank & Trust (SD) is headquartered in Sioux Falls and is the 15st largest bank in the state of South Dakota. It is also the 1,125th largest bank in the nation. It was established in 1987 and as of March of 2014, it had grown to 119 employees at 7 locations. First Bank & Trust (SD) has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Bank & Trust (SD) had $1.53 million in non-current loans and owned real-estate with $74.27 million in equity and loan loss allowances on hand to cover it. This gives First Bank & Trust (SD) a Texas Ratio of 2.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First Bank & Trust (SD) decreased dramatically from 6.94% as of March 31, 2013 to 2.06% as of March 31, 2014, resulting in a positive change of 70.31%.This indicates that the balance sheet and financial strength for First Bank & Trust (SD) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Bank & Trust (SD) has increased its total deposits by $44.38 million, resulting in 9.53% 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.

Capitalization

GRADE:
A+

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 $596.8 million in assets with $74.27 million in equity, resulting in a capitalization level of 12.44%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #27078
Year Established1987
Employees119
Primary RegulatorFDIC
Assets and Liabilities
Assets$596.80 million
Loans$476.10 million
Deposits$510.07 million
Equity Capital$68.55 million
Loan Loss Allowance$5.72 million
Unbacked Noncurrent Loans$670,000
Real Estate Owned$859,000
Historic Data - March 2013
Assets$549.50 million
Equity Capital$61.61 million
Loan Loss Allowance$5.26 million
Unbacked Noncurrent Loans$670,000
Real Estate Owned$678,000
Profit Margin - Quarterly
Net Interest Margin4.74%
Return on Assets1.12%
Return on Equity9.71%
Interest Income$7.00 million
Rates
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First Bank & Trust (SD) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.01%-$25keasyGROW Checking - Qualifying
0.05%--easyGROW Checking - Non Qualifying
Locations


First Bank & Trust (SD) Locations
First Bank & Trust110 North Minnesota AvenueSioux Falls, SD 57104
Watertown Branch1120 9th Avenue SeWatertown, SD 57201
Madison Branch120 North Egan AvenueMadison, SD 57042
Sioux Falls I-229 & 57th Street Branch2300 West 57th StreetSioux Falls, SD 57108
402 East Fifth Street Branch402 East Fifth StreetCanton, SD 57013
Garretson Branch644 N. Main AveGarretson, SD 57030