Dacotah Bank
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Data as of · sourced from FFIEC call reports. How we update
Dacotah Bank is an FDIC-insured commercial bank headquartered in Aberdeen, SD, established in 1955 (FDIC certificate 17437), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $4.92B, up 7.0% from Q2 2025, the 5th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 11.27% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 17437
- Headquarters
- Aberdeen, SD
- Established
- 1955
- Total assets, Q2 2026
- $4.92B
- Assets vs Q2 2025
- +7.0%
- CET1 ratio, Q2 2026
- 11.27%
- Domestic offices
- 32 FDIC institution directory, current count
- Routing number
- 091400172
- Holding company
- DACOTAH BANKS, INC.
- Asset rank in state
- 5th of 56 in South Dakota
Dacotah Bank, based in Aberdeen, South Dakota, reported $4.9 billion in assets at June 30, 2026, up 7.0% from a year earlier. It carries problem assets equal to 11.7% of the capital and reserves that would absorb them, about triple the median of 3.6% for the 895 banks with $1 billion to $10 billion in assets. It also holds common equity equal to 11.27% of its risk-weighted assets, lower than about three-quarters of banks its size (median 13.52%).
The commercial and industrial book ($1.1 billion) is worsening: 1.78% of it is past due or on nonaccrual, up from 0.06% a year earlier. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.48% of loans from 1.29% a year earlier.
As of June 30, 2026, Dacotah Bank reported a CET1 capital ratio of 11.27%, a return on assets of 1.04%, a nonperforming-loan ratio of 1.52% and a Texas ratio of 11.68%. The figures come from its call report filed with the FFIEC.
Dacotah Bank ranks as the 5th largest of the 56 banks based in South Dakota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.1% to $4.92B, loans rose 2.9% and deposits fell 0.1%. Commercial and industrial loans made up 26.4% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 16.1%. Its 32 offices in the FDIC Summary of Deposits are in 28 cities across 3 states; its Aberdeen 2 offices book 18% of its branch deposits. By the capital ratios in its Q2 2026 call report, Dacotah Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 308 S Main St, Aberdeen, SD 57401
- County
- Brown
- Metro Area
- Aberdeen, SD
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- 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 041
- Established
- April 30, 1955
- Former names
- Farmers & Merchants Bank and Trust Co. (1988-1995)
- Domestic offices
- 32 FDIC institution directory, current count
- Employees (FTE)
- 619
- Domestic deposits
- $4.35B
- Allowance for credit losses
- $47.8M
- Net charge-offs (YTD)
- $4.6M
- Average total assets
- $4.92B
- Average total loans
- $4.06B
- Average interest-bearing deposits
- $3.18B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 30, 1955
- FDIC Cert
- 17437
- Fed RSSD
- 256553
- Website
- www.dacotahbank.com →
- Parent Holding Company
- DACOTAH BANKS, INC. (RSSD 1121229)
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
From Q3 2023 to Q2 2026, Dacotah Bank's total assets ranged from $3.93B (Q3 2023) to $4.92B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.92B total assets against $4.60B; $4.44B total liabilities against $4.16B.
$4.03B net loans and leases against $3.73B; $4.35B total deposits against $4.10B.
$576.8M securities against $558.5M; $72.7M cash and balances due against $82.7M.
$67.7M total interest income against $62.2M; $20.9M total interest expense against $23.0M.
$46.8M net interest income against $39.3M.
$9.7M total noninterest income against $8.4M; $34.4M total noninterest expense against $31.7M.
$5.7M provision for credit losses against $1.5M.
$12.8M net income against $11.6M.
1.04% return on assets against 1.01%; 4.00% net interest margin against 3.61%.
11.27% CET1 capital ratio against 11.21%; 10.07% tier 1 leverage ratio against 9.93%.
Inside the full Dacotah Bank 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.
Dacotah Bank rankings
Its closest position to the top of a national ranking is 285 of 4,196, for total assets; its furthest is 1,899 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.71% (Q3 2024) to 1.13% (Q1 2025) and its net interest margin ran from 3.24% (Q3 2024) to 4.01% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.27% | 1.04% | 1.52% | 11.68% | 4.00% |
| Q1 2026 | 11.32% | 1.12% | 1.06% | 8.25% | 4.01% |
| Q4 2025 | 11.19% | 0.86% | 1.29% | 10.05% | 3.80% |
| Q3 2025 | 11.14% | 1.03% | 1.44% | 11.21% | 3.64% |
| Q2 2025 | 11.21% | 1.01% | 1.32% | 10.39% | 3.61% |
| Q1 2025 | 11.33% | 1.13% | 1.07% | 8.30% | 3.46% |
| Q4 2024 | 11.10% | 0.95% | 0.50% | 4.19% | 3.29% |
| Q3 2024 | 11.14% | 0.71% | 0.52% | 4.20% | 3.24% |
Swipe the table sideways to see every column.
Branch Network
View all 32 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 |
|---|---|---|---|
| Dacotah Bank (main office) | Aberdeen , SD | 57401 | $736.2M |
| Minneapolis Branch | Minneapolis , MN | 55402 | $500.8M |
| Sisseton Branch | Sisseton , SD | 57262 | $254.9M |
| Watertown Branch | Watertown , SD | 57201 | $245.8M |
| Dacotah Bank-Valley City Branch | Valley City , ND | 58072 | $238.2M |
| 320 Main Street Branch | Mobridge , SD | 57601 | $235.5M |
| Sioux Falls Phillips Centre Branch | Sioux Falls , SD | 57104 | $211.0M |
| Dacotah Bank Rapid City Downtown Branch | Rapid City , SD | 57701 | $196.7M |
| Dacotah Bank Rolla Branch | Rolla , ND | 58367 | $182.6M |
| 113 North Commercial Branch | Clark , SD | 57225 | $129.3M |
| Faulkton Branch | Faulkton , SD | 57438 | $126.4M |
| 600 Main Branch | Webster , SD | 57274 | $124.5M |
| Dacotah Bank Jamestown Branch | Jamestown , ND | 58401 | $117.2M |
| Brookings Branch | Brookings , SD | 57006 | $115.8M |
| 321 Main Street Branch | Lemmon , SD | 57638 | $114.3M |
| Dacotah Bank Minot Downtown Branch | Minot , ND | 58701 | $107.5M |
| Bowbells Branch | Bowbells , ND | 58721 | $80.9M |
| Dacotah Bank Dickinson Branch | Dickinson , ND | 58601 | $80.1M |
| Groton Branch | Groton , SD | 57445 | $74.3M |
| Dacotah Bank Morris Branch | Morris , MN | 56267 | $73.5M |
| Sioux Falls Branch | Sioux Falls , SD | 57106 | $53.1M |
| First National Bank Branch | Hettinger , ND | 58639 | $52.7M |
| Dacotah Bank (main office) | Aberdeen , SD | 57401 | $51.4M |
| Bison Branch | Bison , SD | 57620 | $48.9M |
| Willow Lake Branch | Willow Lake , SD | 57278 | $39.1M |
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 |
|---|---|---|---|
| July 4, 2020 | Structure Change | Acquired First State Bank of Claremont Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 3, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 14, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 14, 2013 | Structure Change | Acquired United Farmers & Merchants State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2005 | Structure Change | Acquired Dacotah Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 15, 2004 | Structure Change | Acquired Dacotah Insurance, Ltd. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 7, 2000 | Structure Change | Acquired First National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 7, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 24, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 24, 1997 | Structure Change | Acquired Dacotah Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1988 | Structure Change | Acquired The Bank of Cresbard Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 7, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 7, 1987 | Structure Change | Acquired First State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 15 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve); 2 against individuals associated with it
- February 4, 2011, Federal Reserve: Civil Money Penalty, $10,995: Dacotah Bank, Aberdeen, South Dakota
- Period: Most recent institution action February 4, 2011. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in SD, rank 9 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 680 applications, 578 loans originated, $161.6M originated, across 12 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $7.9M approved, $1.6M 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 Dacotah Bank
What are Dacotah Bank's total assets?
As of the Q2 2026 filing, Dacotah Bank reported total assets of $4.92 billion in its FFIEC call report.
Where is Dacotah Bank headquartered?
It is headquartered in Aberdeen, SD, United States.
When was Dacotah Bank founded?
It was established in 1955, per the FDIC institution directory.
Is Dacotah Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17437). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Dacotah Bank?
Dacotah Bank's primary federal regulator is the Federal Reserve.
What is Dacotah Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.27% in its Q2 2026 call report, above regulatory requirements.
How many branches does Dacotah Bank operate?
It operates 32 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Dacotah Bank's Texas Ratio?
Its Texas Ratio is 11.68% 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 Dacotah Bank previously called?
The charter now named Dacotah Bank has also operated as Farmers & Merchants Bank and Trust Co. (1988-1995), per FDIC structure-change records.
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