Cortrust Bank N.A.
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Data as of · sourced from FFIEC call reports. How we update
Cortrust Bank N.A. is an FDIC-insured commercial bank headquartered in Mitchell, SD, established in 1930 (FDIC certificate 6063), and it is supervised by the OCC. At Q2 2026 it reported total assets of $1.56B, up 3.4% from Q2 2025, the 15th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 13.27% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 6063
- Headquarters
- Mitchell, SD
- Established
- 1930
- Total assets, Q2 2026
- $1.56B
- Assets vs Q2 2025
- +3.4%
- CET1 ratio, Q2 2026
- 13.27%
- Domestic offices
- 37 FDIC institution directory, current count
- Routing number
- 091408899
- Latest call report
- Q2 2026, FFIEC 051 · Cortrust Bank N.A. call report
- Holding company
- HOPKINS FINANCIAL CORPORATION
- Asset rank in state
- 15th of 56 in South Dakota
Cortrust Bank N.A. spends more to run itself than most banks of its size. It reported $1.6 billion in assets at June 30, 2026, up 3.4% from a year earlier. It earns about $0.50 a year on every $100 of assets, about a third the median of $1.29 for the 880 banks with $1 billion to $10 billion in assets. It also spends about 77 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 58 cents).
Net income for the quarter rose 14% from a year earlier, to $1.9 million. Over the same year, loans grew 0.3% and deposits grew 8.0%. One more trend to watch: the non-owner-occupied commercial real estate book ($198 million) is worsening: 0.91% of it is past due or on nonaccrual, up from 0.17% a year earlier.
As of June 30, 2026, Cortrust Bank N.A. reported a CET1 capital ratio of 13.27%, a return on assets of 0.50%, a nonperforming-loan ratio of 0.70% and a Texas ratio of 4.79%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in South Dakota, Cortrust Bank N.A. is the 15th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.1% to $1.56B, loans rose 1.2% and deposits fell 1.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 19.7% of total loans, ahead of non-owner-occupied commercial real estate loans at 19.5%. The FDIC Summary of Deposits lists 37 offices for it, in 31 cities across 2 states; its Sioux Falls 5 offices book 18% of its branch deposits. By the capital ratios in its Q2 2026 call report, Cortrust Bank N.A. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 E Havens Ave, Mitchell, SD 57301
- County
- Davison
- Metro Area
- Mitchell, SD
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- October 31, 1930
- Former names
- CorTrust Bank (1993-1999)
- Domestic offices
- 37 FDIC institution directory, current count
- Employees (FTE)
- 299
- Domestic deposits
- $1.38B
- Allowance for credit losses
- $12.1M
- Net charge-offs (YTD)
- $3.6M
- Average total assets
- $1.56B
- Average total loans
- $1.00B
- Average interest-bearing deposits
- $1.03B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 6063
- Fed RSSD
- 61355
- Website
- www.cortrustbank.com →
- Parent Holding Company
- HOPKINS FINANCIAL CORPORATION (RSSD 1125740)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Cortrust Bank N.A.'s total assets moved between a low of $1.48B (Q3 2025) and a high of $1.61B (Q4 2023) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.56B total assets against $1.51B; $1.43B total liabilities against $1.38B.
$1.00B net loans and leases against $997.8M; $1.38B total deposits against $1.27B.
$428.2M securities against $388.0M; $19.7M cash and balances due against $21.2M.
$19.0M total interest income against $18.2M; $5.4M total interest expense against $5.5M.
$13.6M net interest income against $12.7M.
$4.5M total noninterest income against $4.4M; $14.2M total noninterest expense against $14.0M.
$1.3M provision for credit losses against $1.0M.
$1.9M net income against $1.7M.
0.50% return on assets against 0.46%; 3.76% net interest margin against 3.68%.
13.27% CET1 capital ratio against 13.06%; 9.92% tier 1 leverage ratio against 10.05%.
Inside the full Cortrust Bank N.A. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Cortrust Bank N.A. rankings
Its closest position to the top of a national ranking is 710 of 4,196, for total assets; its furthest is 3,247 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.10% (Q3 2024) to 0.70% (Q4 2025) and its net interest margin ran from 3.21% (Q3 2024) to 3.81% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.27% | 0.50% | 0.70% | 4.79% | 3.76% |
| Q1 2026 | 13.42% | 0.27% | 0.97% | 6.61% | 3.66% |
| Q4 2025 | 13.33% | 0.70% | 0.98% | 6.78% | 3.76% |
| Q3 2025 | 13.44% | 0.55% | 0.45% | 3.14% | 3.81% |
| Q2 2025 | 13.06% | 0.46% | 0.52% | 3.73% | 3.68% |
| Q1 2025 | 13.14% | 0.42% | 0.08% | 0.57% | 3.61% |
| Q4 2024 | 12.69% | 0.54% | 0.04% | 0.33% | 3.38% |
| Q3 2024 | 12.57% | 0.10% | 0.08% | 0.64% | 3.21% |
Swipe the table sideways to see every column.
Branch Network
View all 37 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Cortrust Bank N.A. (main office) | Mitchell , SD | 57301 | $200.3M |
| Cherapa Branch | Sioux Falls , SD | 57103 | $112.6M |
| State Bank of Delano Branch | Delano , MN | 55328 | $107.5M |
| Vermillion Branch | Vermillion , SD | 57069 | $61.6M |
| Glencoe Branch | Glencoe , MN | 55336 | $61.6M |
| Freeman Branch | Freeman , SD | 57029 | $61.0M |
| Southwest Branch | Sioux Falls , SD | 57106 | $58.2M |
| South Minnesota Branch | Sioux Falls , SD | 57105 | $49.3M |
| Yankton Branch | Yankton , SD | 57078 | $42.1M |
| Yankton Branch | Yankton , SD | 57078 | $38.9M |
| Aberdeen Branch | Aberdeen , SD | 57401 | $37.8M |
| Monticello Branch | Monticello , MN | 55362 | $36.3M |
| Blaine State Bank Branch | Blaine , MN | 55434 | $34.9M |
| Webster Branch | Webster , SD | 57274 | $33.0M |
| Leola Branch | Leola , SD | 57456 | $32.2M |
| Woodbury Branch | Woodbury , MN | 55125 | $31.8M |
| Tabor Branch | Tabor , SD | 57063 | $31.0M |
| Buffalo Branch | Buffalo , MN | 55313 | $30.2M |
| Artesian Branch | Artesian , SD | 57314 | $30.2M |
| Mitchell Branch | Mitchell , SD | 57301 | $29.3M |
| First Minnesota Bank Branch | Minnetonka , MN | 55345 | $26.7M |
| Bowdle Branch | Bowdle , SD | 57428 | $25.8M |
| 308 Main Street South | Hutchinson , MN | 55350 | $24.4M |
| Sycamore Branch | Sioux Falls , SD | 57110 | $22.6M |
| Gayville Branch | Gayville , SD | 57031 | $20.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| August 17, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 17, 2019 | Structure Change | Acquired First Minnesota Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 4, 2018 | Structure Change | Acquired State Bank of Delano Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 3, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 23, 2013 | Structure Change | Acquired Blaine State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 22, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 12, 2009 | Structure Change | Acquired Brickwell Community Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 11, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| September 22, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 22, 2000 | Structure Change | Acquired The First Freeman Corporation Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 15, 2000 | Structure Change | Acquired Day County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 1990 | Structure Change | Acquired Live Stock State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 1, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 14 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC); 1 against individuals associated with it
- September 17, 2004, OCC: Civil Money Penalty (CMP): Cortrust Bank National Association
- Period: Most recent institution action September 17, 2004. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in SD, rank 17 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 549 applications, 464 loans originated, $68.9M originated, across 8 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 9 loans, $5.4M approved, $598K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Cortrust Bank N.A.
What are Cortrust Bank N.A.'s total assets?
As of the Q2 2026 filing, Cortrust Bank N.A. reported total assets of $1.56 billion in its FFIEC call report.
Where is Cortrust Bank N.A. headquartered?
It is headquartered in Mitchell, SD, United States.
When was Cortrust Bank N.A. founded?
It was established in 1930, per the FDIC institution directory.
Is Cortrust Bank N.A. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #6063). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Cortrust Bank N.A.?
Cortrust Bank N.A.'s primary federal regulator is the OCC.
What is Cortrust Bank N.A.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.27% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Cortrust Bank N.A. operate?
It operates 37 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Cortrust Bank N.A.'s Texas Ratio?
Its Texas Ratio is 4.79% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Cortrust Bank N.A. previously called?
The charter now named Cortrust Bank N.A. has also operated as CorTrust Bank (1993-1999), per FDIC structure-change records.
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