TellerScore

Headquartered in Brookings, South Dakota, First Bank & Trust is a state-chartered bank with $4.8B in total assets and $4.2B in deposits as of Q2 2026. It operates 22 offices across 2 states. Its charter dates back to 1925.

Based on its Q2 2026 filing, First Bank & Trust scores 70/100, which we describe as strong. That is higher than 58% of 897 banks with $1 billion – $10 billion. Among 56 banks headquartered in South Dakota, it ranks 34th. Its strongest component is problem-loan coverage (93/100; 3.5%), and its lowest is capital cushion (54/100; 10.37%).

TellerScore · Q2 2026

Scorecard

Capital cushion54/100
Tier 1 leverage ratio: 10.37%
Loan quality86/100
Noncurrent loans ÷ total loans: 0.42%
Earnings72/100
Return on assets (annualized): 1.31%
Funding & liquidity58/100
Loans ÷ deposits and uninsured-deposit share: 84.6% · 31.1% uninsured
Problem-loan coverage93/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 3.50%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 3 points (67 → 70), mostly because the earnings component improved by 17 points.

TellerScore
676971Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202468
Q3 202468
Q4 202469
Q1 202568
Q2 202567
Q3 202567
Q4 202568
Q1 202671
Q2 202670
Tier 1 leverage ratio
5.00%7.75%10.49%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20249.51%
Q3 20249.70%
Q4 20249.94%
Q1 20259.98%
Q2 202510.04%
Q3 202510.24%
Q4 202510.21%
Q1 202610.49%
Q2 202610.37%
Noncurrent loans
0.16%0.30%0.43%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.26%
Q3 20240.27%
Q4 20240.16%
Q1 20250.19%
Q2 20250.21%
Q3 20250.36%
Q4 20250.30%
Q1 20260.43%
Q2 20260.42%
Return on assets
0.88%1.16%1.43%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.43%
Q3 20241.24%
Q4 20241.14%
Q1 20250.91%
Q2 20250.88%
Q3 20250.96%
Q4 20251.02%
Q1 20261.30%
Q2 20261.31%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202670$4.8B10.37%0.42%1.31%84.6%
Q1 202671$4.9B10.49%0.43%1.30%80.6%
Q4 202568$4.7B10.21%0.30%1.02%84.1%
Q3 202567$4.7B10.24%0.36%0.96%85.1%
Q2 202567$4.7B10.04%0.21%0.88%84.8%
Q1 202568$4.8B9.98%0.19%0.91%84.6%
Q4 202469$4.7B9.94%0.16%1.14%88.8%
Q3 202468$4.7B9.70%0.27%1.24%90.2%
Q2 202468$4.7B9.51%0.26%1.43%92.7%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio10.37%
47th
Total risk-based capital0.00%
13th
Problem loans0.42%
58th
Net charge-offs0.02%
57th
Return on assets1.31%
56th
Net interest margin3.76%
53rd
Efficiency ratio59.0%
50th
Loans to deposits84.6%
57th
Uninsured deposits31.1%
49th
Loan-loss reserves1.25%
65th
Texas ratio3.5%
51st

Similar-size banks in South Dakota

InstitutionScoreAssetsCapitalProblem loansCompare
Dacotah BankBank Aberdeen, SD55 out of 100, Moderate$4.9B10.1%1.52%vs
First PREMIER BankBank Sioux Falls, SD85 out of 100, Very strong$3.6B13.7%0.10%vs
First Dakota National BankBank Yankton, SD72 out of 100, Strong$3.4B10.4%0.30%vs
Sunrise Banks, National AssociationBank Sioux Falls, SD58 out of 100, Moderate$2.8B10.2%1.34%vs
Pathward, National AssociationBank Sioux Falls, SD50 out of 100, Below average$7.3B9.9%5.28%vs
American Bank & TrustBank Sioux Falls, SD72 out of 100, Strong$2.2B11.3%0.57%vs

Deposit insurance

Is my money safe at First Bank & Trust?

Yes. First Bank & Trust is an FDIC-insured institution (FDIC certificate #3973). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 31.1% of deposits ($1.3B) are above the $250,000 FDIC insurance limit, close to the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.37%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).

Check how much of your own balance is covered

22 locations

Branches

First Bank & Trust lists 22 offices in 17 cities across 2 states. Most locations:

  • Brookings, SD (4)
  • Sioux Falls, SD (3)
  • Cambridge, MN (1)
  • Canton, SD (1)
  • Cedar, MN (1)
  • Edina, MN (1)
  • Garretson, SD (1)
  • Madison, SD (1)
  • Milbank, SD (1)
  • New Prague, MN (1)
  • Pipestone, MN (1)
  • Princeton, MN (1)

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, First Bank & Trust reported 1,847 home-loan applications under HMDA (LEI 549300IQ5NY7CSJLZW53): 1,306 originated ($283,320,000 total), 231 denied, and 300 withdrawn or closed by the applicant. Its denial rate on decided applications was 14.9%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
First Bank & Trust
Former names
First National Bank in Brookings; The Security National Bank in Brookings
Type
State-chartered bank
FDIC certificate #
3973
RSSD ID
77851
Primary regulator
FDIC
Holding company
Fishback Financial Corp
Established
November 2, 1925
Headquarters
520 6th St, Brookings, SD 57006
Employees
716

Quick answers

First Bank & Trust: common questions

Is First Bank & Trust FDIC insured?

Yes. First Bank & Trust is an FDIC-insured institution (FDIC certificate #3973). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Bank & Trust's TellerScore?

70 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First Bank & Trust ever failed?

There is no failure record for FDIC certificate #3973 in the FDIC failed bank list.

How many branches does First Bank & Trust have?

22 offices as of the latest FDIC data, in 2 states.

Nearby

Highest-scoring banks and credit unions with branches near Brookings

InstitutionScoreAssetsCapitalProblem loansCompare
Richland State BankBank Bruce, SD90 out of 100, Very strong$49.6M12.3%0.15%vs
First Savings BankBank Beresford, SD83 out of 100, Strong$1.6B19.3%0.90%vs
Citizens State Bank, of ArlingtonBank Arlington, SD82 out of 100, Strong$153.2M11.7%0.00%vs
Dakotaland Federal Credit UnionCredit union Huron, SD76 out of 100, Strong$751.6M10.9%0.57%vs
First Independent BankBank Russell, MN76 out of 100, Strong$632.3M9.9%0.14%vs
BankStar FinancialBank Elkton, SD71 out of 100, Strong$363.5M9.4%0.14%vs