Plains Commerce Bank
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Data as of · sourced from FFIEC call reports. How we update
Plains Commerce Bank is an FDIC-insured commercial bank headquartered in Sioux Falls, SD, established in 1931 (FDIC certificate 1678), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.30B, up 3.7% from Q2 2025, the 17th largest of 56 banks headquartered in South Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.03% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1678
- Headquarters
- Sioux Falls, SD
- Established
- 1931
- Total assets, Q2 2026
- $1.30B
- Assets vs Q2 2025
- +3.7%
- Tier 1 leverage ratio, Q2 2026
- 10.03%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 091400554
- Holding company
- PLAINS COMMERCE FINANCIAL, INC.
- Asset rank in state
- 17th of 56 in South Dakota
Plains Commerce Bank spends more to run itself than most banks of its size. Its balance sheet stood at $1.3 billion at June 30, 2026, up 3.7% from a year earlier; it is based in Sioux Falls, South Dakota. It spends about 86 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also pays an average of 2.59% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.08% of loans, down from 1.49% a year earlier. Net income for the quarter slipped 20% from a year earlier, to $3.5 million. Credit is the area to watch: it carries problem assets equal to 8.9% of the capital and reserves that would absorb them, 2.5 times the median of 3.6% for banks its size.
As of June 30, 2026, Plains Commerce Bank reported a return on assets of 1.03%, a nonperforming-loan ratio of 1.22% and a Texas ratio of 8.87%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Plains Commerce Bank is the 17th largest of the 56 banks headquartered in South Dakota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.5% to $1.30B, loans fell 2.7% and deposits rose 0.9%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 39.3% of total loans, followed by non-owner-occupied commercial real estate loans at 15.4%. The FDIC Summary of Deposits lists 8 offices for it, in 6 cities in SD; its Sioux Falls 3 offices book 38% of its branch deposits. By the capital ratios in its Q2 2026 call report, Plains Commerce Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 3905 W 49th St, Sioux Falls, SD 57106
- County
- Minnehaha
- Metro Area
- Sioux Falls, SD-MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 16, 1931
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 442
- Domestic deposits
- $1.08B
- Allowance for credit losses
- $10.5M
- Net charge-offs (YTD)
- $89K
- Average total assets
- $1.36B
- Average total loans
- $1.14B
- Average interest-bearing deposits
- $924.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1678
- Fed RSSD
- 593052
- Website
- www.plainscommerce.com →
- Parent Holding Company
- PLAINS COMMERCE FINANCIAL, INC. (RSSD 5331286)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Plains Commerce Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Plains Commerce Bank's total assets ran between $1.15B (Q3 2023) and $1.35B (Q1 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
$1.30B total assets against $1.25B; $1.16B total liabilities against $1.12B.
$1.07B net loans and leases against $1.02B; $1.08B total deposits against $1.02B.
$90.0M securities against $81.3M; $34.2M cash and balances due against $55.4M.
$19.5M total interest income against $18.1M; $8.0M total interest expense against $8.7M.
$11.5M net interest income against $9.4M.
$18.5M total noninterest income against $18.6M; $25.7M total noninterest expense against $23.2M.
$549K provision for credit losses against $135K.
$3.5M net income against $4.4M.
1.03% return on assets against 1.39%; 3.66% net interest margin against 3.24%.
10.03% tier 1 leverage ratio against 10.38%.
Inside the full Plains Commerce 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Plains Commerce Bank rankings
Its closest position to the top of a national ranking is 838 of 4,196, for total assets; its furthest is 3,389 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -1.13% (Q3 2024) to 1.66% (Q1 2026) and its net interest margin ran from 3.02% (Q3 2024) to 3.66% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.03% | 1.03% | 1.22% | 8.87% | 3.66% |
| Q1 2026 | 10.66% | 1.66% | 1.24% | 10.26% | 3.51% |
| Q4 2025 | 10.26% | 1.44% | 1.11% | 8.99% | 3.49% |
| Q3 2025 | 10.81% | 1.56% | 1.21% | 10.94% | 3.53% |
| Q2 2025 | 10.38% | 1.39% | 1.49% | 12.92% | 3.24% |
| Q1 2025 | 10.60% | 0.20% | 1.39% | 11.51% | 3.28% |
| Q4 2024 | 10.26% | 0.83% | 1.05% | 9.32% | 3.04% |
| Q3 2024 | 10.32% | -1.13% | 1.33% | 10.67% | 3.02% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Plains Commerce Bank (main office) | Sioux Falls , SD | 57106 | $290.7M |
| Aberdeen Branch | Aberdeen , SD | 57401 | $285.5M |
| Watertown Branch | Watertown , SD | 57201 | $168.8M |
| Hoven Branch | Hoven , SD | 57450 | $124.4M |
| Plains Commerce Bank (main office) | Sioux Falls , SD | 57103 | $83.3M |
| Plains Commerce Bank - Mitchell Branch | Mitchell , SD | 57301 | $65.6M |
| Sioux Falls - E. 57th Branch | Sioux Falls , SD | 57108 | $34.6M |
| Conde Branch | Conde , SD | 57434 | $25.4M |
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 |
|---|---|---|---|
| January 2, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 2, 2001 | Structure Change | Acquired The Peoples Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 16 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 20,239 applications, 12,504 loans originated, $4.45B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $434K approved, $217K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Plains Commerce Bank
What are Plains Commerce Bank's total assets?
As of the Q2 2026 filing, Plains Commerce Bank reported total assets of $1.30 billion in its FFIEC call report.
Where is Plains Commerce Bank headquartered?
It is headquartered in Sioux Falls, SD, United States.
When was Plains Commerce Bank founded?
It was established in 1931, per the FDIC institution directory.
Is Plains Commerce Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1678). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Plains Commerce Bank?
Plains Commerce Bank's primary federal regulator is the FDIC.
How many branches does Plains Commerce Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Plains Commerce Bank's Texas Ratio?
Its Texas Ratio is 8.87% 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.
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