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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 1,114st largest bank in the nation. It was established in 1987 and as of June of 2014, it had grown to 120 employees at 7 locations. First Bank & Trust (SD) has a A+ health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 First Bank & Trust (SD) had $1.17 million in non-current loans and owned real-estate with $76.6 million in equity and loan loss allowances on hand to cover it. This gives First Bank & Trust (SD) a Texas Ratio of 1.53% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Bank & Trust (SD) decreased dramatically from 4.63% as of June 30, 2013 to 1.53% as of June 30, 2014, resulting in a positive change of 66.99%.This indicates that the balance sheet and financial strength for First Bank & Trust (SD) has improved dramatically in recent periods.

Deposit Growth


In the past year, First Bank & Trust (SD) has increased its total deposits by $50.24 million, resulting in 11.17% 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.



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 $603.62 million in assets with $76.6 million in equity, resulting in a capitalization level of 12.69%, which is excellent.

Institution Statistics

FDIC Certificate #27078
Year Established1987
Primary RegulatorFDIC
Assets and Liabilities
Assets$603.62 million
Loans$492.37 million
Deposits$499.97 million
Equity Capital$70.92 million
Loan Loss Allowance$5.67 million
Unbacked Noncurrent Loans$441,000
Real Estate Owned$729,000
Historic Data - June 2013
Assets$555.11 million
Equity Capital$62.82 million
Loan Loss Allowance$5.38 million
Unbacked Noncurrent Loans$441,000
Real Estate Owned$920,000
Profit Margin - Quarterly
Return on Assets1.3%
Return on Equity11.23%
Interest Income$14.67 million
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First Bank & Trust (SD) Checking Account Rates

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

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