Dacotah Bank

Overview / Commentary

www.dacotahbank.com

605-225-5611

308 South Main Street
Aberdeen, SD 57401

Dacotah Bank is headquartered in Aberdeen and is the 5^th largest bank in the state of South Dakota. It is also the 332^nd largest bank in the nation. It was established in 1955 and as of March of 2022, it had grown to 557 employees at 32 locations. Dacotah Bank has an A health rating.

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Health

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	17437
Year Established	1955
Employees	557
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.07%
Return on Equity - YTD	10.51%
Annual Interest Income	$26.7MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$3.57B$3.25B
Loans	Q1 2022vs Q1 2021	$2.27B$2.23B
Deposits	Q1 2022vs Q1 2021	$3.19B$2.86B
Equity Capital	Q1 2022vs Q1 2021	$342.2MM$341.3MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$36.9MM$38.6MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$14.0MM$28.2MM
Real Estate Owned	Q1 2022vs Q1 2021	$305.00K$983.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Dacotah Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	-	-	Funeral Trust
0.10%^*	$50k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $5k \| 0.08% → $5k - $50k
0.05%	-	-	Young Dacotah

Dacotah Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$500k^*	-	Money Manager
OTHER TIERS: 0.15% → $50k - $250k \| 0.20% → $250k - $500k
0.15%	$10k	-	Gold Money Market
0.13%^*	$25k^*	-	Money Market
OTHER TIERS: 0.05% → $100 - $10k \| 0.10% → $10k - $25k

Dacotah Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$50k^*	-	Gold Plus Checking
OTHER TIERS: 0.08% → $5k - $50k
0.08%	$1k	-	Gold Checking
0.08%	$5k	-	Business Platinum Checking
0.08%	$5k	-	Agricultural Platinum Checking
0.06%	$500	-	Interest Checking

Dacotah Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$500	-	60 Month CD
1.10%	$500	-	48 Month CD
1.05%	$500	-	36 Month CD
1.00%	$500	-	24 Month CD
0.75%	$500	-	12 Month CD
0.75%	$500	-	24 Month Rate Option CD
0.30%	$500	-	6 Month CD
0.25%	$500	-	3 Month CD

Dacotah Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.00%	$500	-	36 Month Variable IRA

Locations

Availability

Sioux Falls Area

Sioux Falls Area bank & credit union details

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