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Banks in South Dakota
The 56 FDIC-insured banks headquartered in South Dakota, their bank failures since 1934 and the largest credit unions. From the FDIC and the NCUA; quarter ending Jun 30, 2026.
- Banks headquartered here
- 56
- Their assets
- $3.9T
- Their deposits
- $3.2T
- Failures since 2000
- 3
- Credit unions
- 33
Every bank headquartered in South Dakota
Ranked by total assets, quarter ending Jun 30, 2026. Banks based elsewhere with branches here are not included.
| # | Bank | Holding company | Assets | Deposits | Equity | Net income, year to date | ROA | ROE | CET1 ratio | Uninsured deposits | Offices |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Citibank, National AssociationSioux Falls, SD | Citigroup | $2.0T | $1.5T | $171.3B | $10.1B | 1.06% | 11.69% | 13.8% | 77% | 955 |
| 2 | Wells Fargo Bank, National AssociationSioux Falls, SD | Wells Fargo | $1.9T | $1.6T | $169.5B | $12.8B | 1.38% | 14.88% | 12.1% | 48% | 4,176 |
| 3 | The Bancorp Bank, National AssociationSioux Falls, SD | Bancorp, Inc. | $9.2B | $7.5B | $881.9M | $139.3M | 2.94% | 31.84% | 14.3% | 3% | 1 |
| 4 | Pathward, National AssociationSioux Falls, SD | Pathward Financial Inc | $7.3B | $6.0B | $882.6M | $103.1M | 2.81% | 23.28% | 12.0% | 13% | 1 |
| 5 | Dacotah BankAberdeen, SD | Dacotah Banks Inc | $4.9B | $4.3B | $481.0M | $26.5M | 1.09% | 11.27% | 11.3% | 33% | 32 |
| 6 | First Bank & TrustBrookings, SD | Fishback Financial Corp | $4.8B | $4.2B | $539.4M | $31.3M | 1.31% | 11.72% | – | 31% | 22 |
| 7 | First PREMIER BankSioux Falls, SD | United National Corp | $3.6B | $2.9B | $493.3M | $33.9M | 1.79% | 13.94% | 20.0% | 56% | 13 |
| 8 | First Dakota National BankYankton, SD | First Dakota Financial Corp | $3.4B | $3.0B | $333.0M | $27.8M | 1.68% | 17.36% | – | 33% | 17 |
| 9 | Sunrise Banks, National AssociationSioux Falls, SD | University Finl GBC Dba Sunrise Banks | $2.8B | $2.5B | $255.2M | $4.8M | 0.35% | 3.75% | – | 15% | 5 |
| 10 | American Bank & TrustSioux Falls, SD | Leackco Bank Holding Co Inc | $2.2B | $2.0B | $245.5M | $14.9M | 1.34% | 12.50% | 15.2% | 37% | 20 |
| 11 | The First National Bank in Sioux FallsSioux Falls, SD | Minnehaha Banshares Inc | $2.1B | $1.8B | $197.4M | $12.1M | 1.15% | 12.49% | 14.0% | 35% | 19 |
| 12 | First National BankFort Pierre, SD | Capitol Bcorp Inc | $2.0B | $1.5B | $476.5M | $25.6M | 2.50% | 11.01% | 23.9% | 42% | 20 |
| 13 | BankWest, Inc.Pierre, SD | South Dakota Bancshares Inc | $1.9B | $1.6B | $159.9M | $6.6M | 0.69% | 8.39% | 10.6% | 32% | 22 |
| 14 | First Savings BankBeresford, SD | Farrar Beresford Bcorp Irrevocable TR | $1.6B | $1.3B | $307.6M | $20.5M | 2.61% | 13.74% | 23.6% | 44% | 24 |
| 15 | CorTrust Bank National AssociationMitchell, SD | Hopkins Financial Corp | $1.6B | $1.4B | $138.9M | $3.0M | 0.38% | 4.31% | 13.3% | 21% | 36 |
| 16 | 1st Financial Bank USADakota Dunes, SD | – | $1.4B | $1.1B | $227.9M | $6.7M | 0.98% | 5.90% | 21.1% | 2% | 2 |
| 17 | Plains Commerce BankSioux Falls, SD | Plains Commerce Financial Inc | $1.3B | $1.1B | $139.9M | $8.8M | 1.34% | 12.66% | – | 29% | 8 |
| 18 | Pioneer Bank & TrustBelle Fourche, SD | Belle Fourche Bancshares Inc | $1.0B | $896.5M | $105.2M | $7.5M | 1.50% | 14.76% | 18.6% | 37% | 7 |
| 19 | Reliabank DakotaEstelline, SD | Big Sioux Financial Inc | $788.4M | $663.6M | $64.5M | $5.3M | 1.37% | 17.28% | 14.1% | 45% | 10 |
| 20 | First Fidelity BankBurke, SD | Fidelity Corp | $717.0M | $648.7M | $61.8M | $6.0M | 1.71% | 19.81% | 12.9% | 18% | 11 |
| 21 | Security Savings BankCanton, SD | Larch Bcorp Inc | $557.4M | $495.0M | $57.5M | $2.5M | 0.92% | 8.92% | 10.3% | 18% | 8 |
| 22 | Black Hills Community Bank, N.A.Rapid City, SD | Bhcb Holding Co | $489.7M | $430.4M | $51.6M | $4.2M | 1.71% | 17.10% | – | 45% | 2 |
| 23 | First National BankOldham, SD | Fulda Bcorp Inc | $477.8M | $380.1M | $86.5M | $5.2M | 2.18% | 12.82% | 20.5% | 16% | 14 |
| 24 | First National Bank in PhilipPhilip, SD | Philip Bcorp Inc | $458.4M | $400.6M | $51.6M | $5.1M | 2.15% | 19.97% | 15.4% | 31% | 2 |
| 25 | BankStar FinancialElkton, SD | Elkton Holding Co | $363.5M | $302.1M | $34.8M | $2.7M | 1.53% | 16.14% | 12.0% | 27% | 3 |
| 26 | Rivers Edge BankMarion, SD | First State Associates Inc | $357.1M | $295.9M | $32.5M | $2.5M | 1.47% | 16.08% | 10.3% | 24% | 5 |
| 27 | Frontier BankSioux Falls, SD | Rock Rivers Bcorp | $349.2M | $323.8M | $23.5M | $816.0K | 0.47% | 7.06% | 11.3% | 14% | 5 |
| 28 | Security Bank MidwestTyndall, SD | Midwest Bancshares Inc | $304.1M | $238.8M | $28.6M | $1.2M | 0.73% | 8.18% | – | 26% | 6 |
| 29 | One American BankCenterville, SD | One American Financial Corp | $285.2M | $231.5M | $28.3M | −$6.6M | −3.96% | −47.90% | 19.4% | 11% | 3 |
| 30 | Commercial State Bank, of WagnerWagner, SD | Commercial Holding Co | $260.4M | $218.8M | $29.0M | $3.3M | 2.57% | 23.80% | – | 27% | 1 |
| 31 | Farmers State BankParkston, SD | Parkston Investment Co | $254.8M | $237.4M | $16.7M | $1.1M | 0.89% | 13.96% | – | 14% | 3 |
| 32 | Security National Bank of South DakotaDakota Dunes, SD | Security National Corp | $251.5M | $194.7M | $34.8M | $3.1M | 2.48% | 18.45% | – | 15% | 3 |
| 33 | Quoin Financial BankMiller, SD | Independent Bancshares Inc | $250.7M | $216.5M | $29.6M | $1.4M | 1.17% | 9.59% | 12.3% | 22% | 3 |
| 34 | Campbell County Bank, Inc.Herreid, SD | – | $240.7M | $195.9M | $32.3M | $2.7M | 2.19% | 16.84% | – | 16% | 4 |
| 35 | Merchants State BankFreeman, SD | H&w Holding Co | $219.6M | $180.7M | $35.3M | $2.1M | 1.90% | 12.28% | – | 26% | 4 |
| 36 | Farmers and Merchants State BankPlankinton, SD | Page Holding Co | $180.4M | $137.3M | $18.6M | $2.2M | 2.46% | 24.31% | 11.7% | 21% | 2 |
| 37 | Heartland State BankRedfield, SD | Wessington Bankshares Inc | $154.0M | $135.1M | $14.4M | $1.9M | 2.43% | 26.57% | – | 21% | 4 |
| 38 | Citizens State Bank, of ArlingtonArlington, SD | – | $153.2M | $134.9M | $17.1M | $848.0K | 1.11% | 10.03% | – | 18% | 3 |
| 39 | Great Plains BankEureka, SD | Great Plains Bank Corp | $150.4M | $120.6M | $26.8M | $1.4M | 1.85% | 10.61% | – | 23% | 3 |
| 40 | First State Bank of RoscoeRoscoe, SD | Roscoe Cmty Bankshares Inc | $147.5M | $125.8M | $20.5M | $1.2M | 1.63% | 12.01% | 23.9% | 22% | 3 |
| 41 | DNB NATIONAL BANKClear Lake, SD | Dcnb Holding Co | $124.1M | $114.3M | $7.7M | $1.2M | 2.01% | 30.94% | 22.0% | 33% | 2 |
| 42 | Security State BankAlexandria, SD | – | $103.0M | $95.6M | $7.1M | $255.0K | 0.49% | 6.99% | 13.5% | 20% | 3 |
| 43 | Western Dakota BankTimber Lake, SD | Western Dakota Holding Co | $85.6M | $77.3M | $7.9M | $480.0K | 1.11% | 12.18% | – | 38% | 2 |
| 44 | Farmers State Bank of CantonCanton, SD | Lincoln Holding Co | $81.6M | $68.4M | $6.8M | $254.0K | 0.62% | 7.75% | 15.4% | 13% | 1 |
| 45 | State Bank of Eagle ButteEagle Butte, SD | – | $80.3M | $70.9M | $9.0M | $447.0K | 1.08% | 10.14% | 23.5% | 54% | 1 |
| 46 | Ipswich State BankIpswich, SD | Ipswich Cmty Bancshares Inc | $74.2M | $62.3M | $11.1M | $671.0K | 1.83% | 12.10% | 25.4% | 23% | 1 |
| 47 | Community BankAvon, SD | – | $69.3M | $60.2M | $8.0M | $323.0K | 0.93% | 8.23% | – | 12% | 1 |
| 48 | The Security State BankEmery, SD | Emery Security Bcorp Inc | $64.8M | $52.2M | $12.3M | $623.0K | 1.99% | 10.41% | 43.4% | 24% | 2 |
| 49 | First Western Federal Savings BankRapid City, SD | – | $63.5M | $40.6M | $11.2M | $754.0K | 2.31% | 13.65% | – | 18% | 1 |
| 50 | Sunrise Bank DakotaOnida, SD | The Adino Co | $57.5M | $49.7M | $7.1M | $251.0K | 0.82% | 7.19% | – | 23% | 1 |
| 51 | Bryant State BankBryant, SD | Bryant Bancshares Inc | $52.9M | $45.7M | $6.2M | $531.0K | 1.96% | 17.40% | 18.8% | 47% | 1 |
| 52 | Richland State BankBruce, SD | Bryant Bancshares Inc | $49.6M | $44.7M | $4.7M | $472.0K | 2.03% | 20.40% | 23.5% | 18% | 1 |
| 53 | The Farmers State Bank of TurtonTurton, SD | – | $41.2M | $34.9M | $4.2M | $46.0K | 0.23% | 2.19% | 19.5% | 11% | 1 |
| 54 | The Farmers and Merchants State BankScotland, SD | Scotland Holding Co | $36.0M | $32.4M | $3.6M | $221.0K | 1.25% | 12.71% | – | 23% | 1 |
| 55 | The First National Bank of FrederickFrederick, SD | – | $28.8M | $25.5M | $3.2M | $41.0K | 0.29% | 2.51% | – | 25% | 1 |
| 56 | Andes State BankLake Andes, SD | Randall Bancshares Inc | $28.2M | $24.2M | $3.9M | $200.0K | 1.47% | 10.49% | 29.2% | 29% | 1 |
Source: FDIC BankFind Suite. Assets, deposits and equity at the end of the latest quarter; net income is year to date. ROA and ROE are annualized returns on assets and equity. CET1 is common equity tier 1 capital as a share of risk-weighted assets. CET1 is blank for banks that do not report it (many small banks use the simpler community bank leverage ratio). Uninsured deposits is the bank's own estimate of the share of deposits above the insurance limit.
Bank failures in South Dakota
44 since 1934; the latest 25.
| Date | Bank | State | Assets | Deposits | Cost to the fund | Acquirer | Resolution |
|---|---|---|---|---|---|---|---|
| Jul 17, 2009 | BankfirstSioux Falls, SD | SD | $210.8M | $232.2M | $110.2M | Alerus Financial, National Association | Purchase and assumption |
| Nov 23, 2008 | Department Stores National BankSioux Falls, SD | SD | $374.9M | $300.9M | – | – | Open-bank assistance mergerAssistance |
| Nov 23, 2008 | Citibank (south Dakota), N.A.Sioux Falls, SD | SD | $77.7B | $42.4B | – | – | Open-bank assistance mergerAssistance |
| Apr 24, 1992 | First FSB of South DakotaRapid City, SD | SD | $155.9M | $169.9M | $24.1M | Metropolitan Fb, FSB | Purchase and assumption |
| Mar 8, 1991 | First FSBHuron, SD | SD | $51.9M | $50.0M | $526.3K | Branch Sale | Purchase and assumption |
| Dec 1, 1988 | United FS&LAAberdeen, SD | SD | $92.5M | $92.0M | $8.0M | Home FS&LA of Sioux Falls | Open-bank assistanceAssistance |
| Aug 19, 1988 | Marshall County BankBritton, SD | SD | $10.7M | $9.4M | $229.2K | First National Bank | Insured deposit transfer |
| May 18, 1988 | The American State BankYankton, SD | SD | $62.1M | $59.0M | $265.3K | First Dakota National Bank | Open-bank assistanceAssistance |
| Apr 20, 1988 | First City - Sioux Falls N.A.Sioux Falls, SD | SD | $597.7M | $227.7M | $0 | First City - Sioux Falls N. | Open-bank assistanceAssistance |
| Nov 10, 1987 | Tri-State National BankBelle Fourche, SD | SD | $10.7M | $10.7M | $1.8M | First Western Bank Sturg | Insured deposit transfer |
| May 7, 1987 | First State Bank of SissetonSisseton, SD | SD | $20.1M | $19.4M | $4.5M | Farmers&merchants B&t Co | Purchase and assumption |
| Mar 27, 1986 | Stockholm State BankStockholm, SD | SD | $7.2M | $6.6M | $991.5K | Community STB of Stockho | Purchase and assumption |
| Aug 1, 1984 | Mitchell Home S&LAMitchell, SD | SD | $16.6M | $18.0M | – | Metropolitan Fed BK FSB | Open-bank assistanceAssistance |
| Jun 15, 1984 | Farmers State BankLyons, SD | SD | $3.2M | $3.0M | $854.7K | Dakota State Bank | Purchase and assumption |
| Jun 17, 1983 | Community BankHartford, SD | SD | $32.0M | $28.3M | $5.9M | Western Bank | Purchase and assumption |
| Jun 10, 1983 | First Dakota Home S&LAPierre, SD | SD | $27.8M | $26.1M | $1.8M | Home FS&LA Sioux Falls | Open-bank assistanceAssistance |
| Jun 10, 1983 | First FS&LA of Sioux FallsSioux Falls, SD | SD | $78.0M | $75.3M | $6.9M | Home FS&LA Sioux Falls | Open-bank assistanceAssistance |
| Dec 20, 1982 | Home Trust S&LAVermillion, SD | SD | $13.2M | $12.1M | $300.0K | Home Trust S&LA | Open-bank assistanceAssistance |
| Sep 20, 1982 | First Dakota Home S&LAPierre, SD | SD | $27.8M | $25.6M | $1.1M | First Dakota Home S&LA | Open-bank assistanceAssistance |
| Sep 20, 1982 | First FS&LA of Sioux FallsSioux Falls, SD | SD | $78.2M | $74.3M | $2.9M | First Dakota Home S&LA | Open-bank assistanceAssistance |
| Sep 15, 1981 | Perpetual S&LARapid City, SD | SD | $49.7M | $39.2M | $9.4M | First FS&LA of Rapid City | Open-bank assistanceAssistance |
| Aug 3, 1940 | Badger State BankBadger, SD | SD | $74.0K | $53.0K | – | – | Payout |
| Sep 29, 1938 | First State BankWilmot, SD | SD | $165.0K | $112.0K | – | – | Payout |
| Aug 31, 1938 | Jerauld County BankWessington Springs, SD | SD | $260.0K | $211.0K | – | – | Payout |
| Aug 24, 1938 | Hitchcock State BankHitchcock, SD | SD | $79.0K | $54.0K | – | – | Payout |
Source: FDIC BankFind Suite. Cost to the fund is the FDIC's estimated loss to the deposit insurance fund (earlier funds for older failures). Assets and deposits as of the last report before failure. Assistance transactions kept the bank open with FDIC help.
The largest credit unions in South Dakota
33 credit unions; the largest 25 by assets.
| # | Credit union | Charter | Assets | Members | Loans | Shares and deposits | Net worth ratio | Net income, year to date |
|---|---|---|---|---|---|---|---|---|
| 1 | Black HillsRapid City, SD | Federal | $2.4B | 109,705 | $1.7B | $2.1B | 10.56% | $5.5M |
| 2 | DakotalandHuron, SD | Federal | $751.6M | 42,571 | $503.6M | $644.5M | 10.87% | $5.8M |
| 3 | LevoSioux Falls, SD | Federal | $516.0M | 32,939 | $327.9M | $453.5M | 11.50% | $2.0M |
| 4 | VoyageSioux Falls, SD | Federal | $285.3M | 19,806 | $193.9M | $249.6M | 10.03% | $1.4M |
| 5 | HighmarkRapid City, SD | Federal | $257.8M | 13,653 | $193.1M | $235.1M | 7.68% | $467.1K |
| 6 | Service FirstSioux Falls, SD | Federal | $209.7M | 16,365 | $109.8M | $191.3M | 9.29% | $868.2K |
| 7 | BluestoneSioux Falls, SD | Federal | $205.6M | 11,866 | $128.2M | $176.4M | 9.57% | $897.5K |
| 8 | Northern HillsSturgis, SD | Federal | $204.9M | 13,034 | $172.9M | $183.2M | 9.57% | $812.8K |
| 9 | AreaAberdeen, SD | Federal | $199.9M | 11,828 | $141.3M | $165.1M | 17.10% | $1.4M |
| 10 | SentinelEllsworth AFB, SD | Federal | $199.3M | 10,004 | $134.7M | $176.3M | 10.83% | $614.5K |
| 11 | AspenRapid City, SD | Federal | $173.0M | 8,449 | $150.3M | $152.7M | 8.44% | $1.0M |
| 12 | ExplorersYankton, SD | Federal | $111.5M | 9,074 | $69.2M | $100.0M | 9.63% | $230.9K |
| 13 | Dakota PlainsLemmon, SD | Federal | $84.4M | 4,930 | $54.7M | $75.8M | 9.13% | $478.7K |
| 14 | NorstarBritton, SD | Federal | $78.6M | 2,828 | $51.3M | $64.3M | 15.26% | $648.0K |
| 15 | Healthcare PlusAberdeen, SD | Federal | $70.4M | 5,037 | $55.6M | $63.1M | 8.54% | $100.8K |
| 16 | OahePierre, SD | Federal | $45.1M | 3,492 | $22.6M | $37.6M | 16.23% | $346.2K |
| 17 | Dakota StarRapid City, SD | Federal | $44.9M | 3,023 | $29.3M | $40.4M | 9.00% | $261.6K |
| 18 | FT RandallWagner, SD | Federal | $44.2M | 3,462 | $26.4M | $36.4M | 17.52% | $229.3K |
| 19 | East RiverMadison, SD | Federal | $41.9M | 3,184 | $15.8M | $37.1M | 11.12% | $242.1K |
| 20 | M OHuron, SD | Federal | $40.9M | 1,746 | $21.8M | $34.8M | 14.12% | $238.3K |
| 21 | Sioux Valley CoopWatertown, SD | Federal | $40.7M | 3,410 | $27.1M | $31.9M | 20.64% | $332.7K |
| 22 | AvantiWatertown, SD | Federal | $31.8M | 2,967 | $17.9M | $28.1M | 11.29% | $149.4K |
| 23 | Rushmore ElectricRapid City, SD | Federal | $29.3M | 1,430 | $7.5M | $26.2M | 10.00% | $132.4K |
| 24 | Consumer'sGregory, SD | Federal | $21.4M | 1,627 | $10.5M | $19.2M | 9.65% | $89.8K |
| 25 | LakotaKyle, SD | Federal | $19.7M | 4,128 | $7.9M | $12.2M | 22.07% | $866.2K |
Source: NCUA credit union call report data, quarter ending Jun 30, 2026. Names as filed (the NCUA abbreviates them, usually without "Federal Credit Union"). Net income is year to date. The net worth ratio is net worth as a share of assets; 7% or more is "well capitalized".