Dacotah Bank is headquartered in Aberdeen and is the 5th largest bank in the state of South Dakota. It is also the 331st largest bank in the nation. It was established in 1955 and as of June of 2022, it had grown to 571 employees at 32 locations. Dacotah Bank's money market rates are 9X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 17437 |
Year Established | 1955 |
Employees | 571 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.1% |
Return on Equity - YTD | 11.07% |
Annual Interest Income | $56.5MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $3.59B$3.28B |
Loans | Q2 2022vs Q2 2021 | $2.43B$2.29B |
Deposits | Q2 2022vs Q2 2021 | $3.22B$2.88B |
Equity Capital | Q2 2022vs Q2 2021 | $340.3MM$352.9MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $36.9MM$38.3MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $11.9MM$21.7MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $305.00K$170.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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1.75% | - | - | Funeral Trust | ||
0.55% | - | - | Young Dacotah | ||
0.35%* | $50k* | - | Health Savings Account | ||
OTHER TIERS: 0.15% → Up to $5k | 0.28% → $5k - $25k | 0.30% → $25k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.75% | $500 | - | 36 Month Variable IRA |