First Bank & Trust (SD)

First Bank & Trust (SD) Locations
110 North Minnesota Avenue
Sioux Falls, SD 57104
877.793.3228
www.bankeasy.com



First Bank & Trust (SD) is headquartered in Sioux Falls and is the 16st largest bank in the state of South Dakota. It is also the 1,464th largest bank in the nation. It was established in 1987 and as of March of 2012, it had grown to 87 employees at 6 locations. First Bank & Trust (SD) has a 5-star health rating.

Related Posts

First Bank & Trust S. Dakota (Fishback Financial) Lowers Reward Rate To 2.01% Was 2.51% (Forum) - 11/23/2011

Important Change of Terms for easyGROW Checking Based on the current rate environment, we are implementing the following rate changes on easyGROW Checking: Effective 12/28/2011, 2.01% APY will be paid on the portion of your balance up to and including $24

Worldwide ATM Refunds Do Not Include 1% Foreign Exchange Visa Charge For ATM Use (Forum) - 10/1/2011

I have generally been extremely happy with the Easy Grow rewards checking account and have appreciated the ATM refunds. After traveling internationally recently, I was disappointed to learn that using an ATM in another country will always cost a nonrefund

Easygrow Checking RCA Cuts Interest Rate To 2.51% (From 3.51%) (Forum) - 12/28/2010

Just the other day, I was checking the EasyGrow Rewarding Checking web site run by First Bank and Trust, and Bank of White, to see they were still maintaining their 3.51% interest rate. Now as of this morning (12/29), the web site shows a new rate of 2.51

First Bank & Trust's Easy Grow -- Rate Cut (Forum) - 7/28/2010

Effective today, the rate for balances below $25K drops from 4.01% to 3.51%. This follows on the heels of a fairly recent change to restrict new accounts to residents of Iowa, Minnesota, Nebraska, North Dakota, and South

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First Bank & Trust (SD) Checking Account Rates

ApyMinMaxProduct
2.01%-$25keasyGROW Checking

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


First Bank & Trust
FDIC Certificate #27078
BankRate ReportView
Year Established1987
Employees87
Primary RegulatorFDIC

Assets and Liabilities

Assets$455.41 million
Loans$343.06 million
Deposits$377.47 million
Equity Capital$57.51 million
Loan Loss Allowance$4.19 million
Unbacked Noncurrent Loans$2.21 million
Real Estate Owned$2.86 million

Historic Data - March 2011

Assets$409.73 million
Equity Capital$54.18 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$1.70 million
Real Estate Owned$2.75 million

Profit Margin - Quarterly

Net Interest Margin4.88%
Return on Assets1.2%
Return on Equity9.41%
Interest Income$5.79 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 $5.08 million in non-current loans and owned real-estate with $61.7 million in equity and loan loss allowances on hand to cover it. This gives First Bank & Trust (SD) a Texas Ratio of 8.23% which is above 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 7.70% as of March 31, 2011 to 8.23% as of March 31, 2012, resulting in a negative change of 6.79%. 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 $38.92 million, resulting in 11.5% 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.
Capitalization5
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 $455.41 million in assets with $61.7 million in equity, resulting in a capitalization level of 13.55%, which is excellent.
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