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First Dakota National Bank


Overview / Commentary
www.firstdakota.com
605-665-7432
225 Cedar Street
Yankton, SD 57078

First Dakota National Bank is headquartered in YANKTON and is the 8th largest bank in the state of South Dakota. It is also the 420th largest bank in the nation. It was established in 1872 and as of June of 2024, it had grown to 350 employees at 17 locations. First Dakota National Bank's money market rates are 7X the national average, and it has an A health rating.

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Reviews (2)

Do Not Bank Here

Posted by: |

I’ve had two of my accounts closed without notice or explanation. I had a new checking account for one month before it was closed out with zero explanation. It’s impossible to keep an account open if you don’t have a minimum of $100 just sitting in it that you cannot use. I hate this bank and have never had more problems with a company in my life. It is not right to close out an account without notice or explanation. I could have at least received an email that my account was closed, but I received NOTHING.

1

Fraud Charges And Response.

Posted by: |

Luckily I was at my house. Awaken by my phone to fraud charges. I am glad that I was alerted, but now my card is closed. I have to travel out of town and have no way of accessing my money. NOBODY in the office. Its Sunday. Supposed to have a wonderful high class bank. NOT HAPPENING. This bank contacted my ex wife about the charges. She was supposedly removed from it. All information updated. That never happened. Guess I will start looking for a new bank.

2


Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #4028
Year Established1872
Employees350
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD12.11%
Annual Interest Income$78.2MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$2.89B$2.8B
LoansQ2 2024vs Q2 2023$2.33B$2.2B
DepositsQ2 2024vs Q2 2023$2.61B$2.57B
Equity CapitalQ2 2024vs Q2 2023$254MM$223.6MM
Loan Loss AllowanceQ2 2024vs Q2 2023$28MM$26.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$11.7MM$2.5MM
Real Estate OwnedQ2 2024vs Q2 2023$0$68K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Dakota National Bank; we are a rate comparison website and cannot provide official rates or promotions.

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

First Dakota National Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.11%$0-eSavings Account
0.85%$0-Statement Savings
0.85%$0-Business Statement Savings - Online
0.85%$0-Agriculture Statement Savings - Online

First Dakota National Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.14%*$500k*-First Choice Money Market
OTHER TIERS: 1.61% → $10k - $25k | 1.82% → $25k - $100k | 2.48% → $100k - $150k | 2.63% → $150k - $500k
3.14%*$500k*-Business First Choice Money Market - Online
OTHER TIERS: 1.61% → $10k - $25k | 1.82% → $25k - $100k | 2.48% → $100k - $150k | 2.63% → $150k - $500k
3.14%*$500k*-Agriculture First Choice Money Market - Online
OTHER TIERS: 1.61% → $10k - $25k | 1.82% → $25k - $100k | 2.48% → $100k - $150k | 2.63% → $150k - $500k

First Dakota National Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-First Partners Checking
OTHER TIERS: 0.25% → $500 - $5k | 0.40% → $5k - $25k | 0.50% → $25k - $50k | 0.60% → $50k - $100k
0.70%*$500k*-Just 1 Business Checking Account - Online
OTHER TIERS: 0.30% → $0 - $25k | 0.40% → $25k - $100k | 0.50% → $100k - $250k | 0.60% → $250k - $500k
0.50%*$100k*-Small Business Checking with Interest - Online
OTHER TIERS: 0.25% → $0 - $5k | 0.30% → $5k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $100k
0.25%*$25k*-Classic Choice Checking
OTHER TIERS: 0.12% → $0 - $500 | 0.15% → $500 - $5k | 0.20% → $5k - $25k
Locations

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