Asset Quality ranking · South Dakota · Call report data as of September 30, 2026
South Dakota Banks: Highest Credit Card Charge-Offs
First Savings Bank has the highest credit card net charge-off rate of the 8 ranked banks headquartered in South Dakota, at 26.08% as of September 30, 2026. The median among the 8 ranked South Dakota banks is 4.53%, against 3.72% for all US banks.
This list ranks South Dakota banks by credit card net charge-off rate. For the largest banks headquartered in South Dakota, see largest banks in South Dakota.
- No. 1 in South Dakota
- First Savings Bank
- Its Card charge-off rate
- 26.08%
- South Dakota median
- 4.53%
- Banks ranked
- 8
Ranked among banks headquartered in South Dakota, numbered 1 to 8 within the state from the same population as the national list. Browse every bank in the South Dakota bank directory.
Top 8 South Dakota banks by credit card net charge-off rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the South Dakota median of 4.53%. Missing values show as a dash and sort last.
| 1 | First Savings Bank Beresford, SD | 26.08% | $1.62B $1B to $10B |
| 2 | First National Bank Fort Pierre, SD | 24.98% | $2.09B $1B to $10B |
| 3 | First National Bank Oldham, SD | 23.76% | $595.6M $100M to $1B |
| 4 | 1st Financial Bank USA Dakota Dunes, SD | 5.28% | $1.39B $1B to $10B |
| 5 | Wells Fargo Bank, N.A. Sioux Falls, SD | 3.78% | $1.91T $100B and over |
| 6 | Citibank, N.A. Sioux Falls, SD | 3.73% | $2.02T $100B and over |
| 7 | The Bancorp Bank N.A. Sioux Falls, SD | 0.35% | $9.42B $1B to $10B |
| 8 | First Bank & Trust Brookings, SD | 0.20% | $4.80B $1B to $10B |
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Definition and formula
The credit card net charge-off rate is credit card balances written off as uncollectible, less recoveries on balances written off earlier, as an annualized percent of average credit card loans.
Credit card net charge-off rate = (Credit card charge-offs - Credit card recoveries), annualized / Average credit card loans
The glossary entry for Credit Card Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 8 banks headquartered in South Dakota that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in credit card loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the credit card net charge-off rate
Card charge-offs follow delinquency by about six months, because a card balance must be written off once it is 180 days past due. They run far above other loan types because the loans are unsecured, so several percent a year is normal for a large issuer. Issuers that serve borrowers with lower credit scores, and small banks that run a partner card program, can run well above that. Recoveries from collections and debt sales lower the net figure.
Frequently asked questions
Which bank in South Dakota has the highest credit card net charge-off rate?
First Savings Bank has the highest credit card net charge-off rate of the 8 ranked banks headquartered in South Dakota, at 26.08% as of September 30, 2026, according to its FFIEC call report. First National Bank ranks second at 24.98%. The median is 4.53%.
What is the median credit card net charge-off rate among ranked US banks?
As of Q3 2026, credit card net charge-off rate for the middle half of the 76 ranked US banks ran from 2.49% to 4.77%, and the median was 3.72%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Credit Card Loans glossary entry.
How is the credit card net charge-off rate calculated?
Credit card net charge-off rate = (Credit card charge-offs - Credit card recoveries), annualized / Average credit card loans. Each bank charter is ranked on its own; holding companies are not combined. See the Credit Card Loans glossary entry.
The same ranking in other states
Other South Dakota rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
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