First Bank & Trust: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
Headquartered in Brookings, First Bank & Trust serves the South Dakota market as a community-focused commercial bank. As of Q2 2026, the bank held approximately $4.8B in total assets and $4.2B in deposits. Returns are notably above industry norms: 1.30% ROA, 11.71% ROE, and 3.76% NIM. Under the simplified Community Bank Leverage Ratio framework, leverage of 10.37% exceeds the CBLR threshold. Credit metrics are pristine, with nonperforming loans at just 0.41%. Its footprint covers 22 branches concentrated in South Dakota.
As of June 30, 2026, First Bank & Trust reported a Tier 1 leverage ratio of 10.37%, a return on assets of 1.30%, a nonperforming-loan ratio of 0.41%, a Texas ratio of 3.95%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 520 6th St, Brookings, SD 57006
- County
- Brookings
- Metro Area
- Brookings, SD
- 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 041
- Established
- November 2, 1925
- Former names
- First National Bank in Brookings (1958-2004)
- Offices
- 22 domestic
- Employees (FTE)
- 716
- Domestic deposits
- $4.17B
- Allowance for credit losses
- $44.7M
- Net charge-offs (YTD)
- $363K
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3973
- Fed RSSD
- 77851
- Website
- www.bankeasy.com →
- Parent Holding Company
- FISHBACK FINANCIAL CORPORATION (RSSD 1123072)
Profitability
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Bank & Trust terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
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How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.37% | 1.30% | 0.41% | 3.95% | 3.76% |
| Q1 2026 | 10.49% | 1.31% | 0.42% | 4.55% | 3.63% |
| Q4 2025 | 10.21% | 1.17% | 0.30% | 3.70% | 3.49% |
| Q3 2025 | 10.24% | 1.11% | 0.35% | 4.14% | 3.41% |
| Q2 2025 | 10.04% | 0.85% | 0.21% | 3.19% | 3.21% |
| Q1 2025 | 9.98% | 0.91% | 0.18% | 3.11% | 3.08% |
| Q4 2024 | 9.94% | 0.86% | 0.15% | 2.99% | 3.10% |
| Q3 2024 | 9.70% | 0.84% | 0.23% | 3.55% | 2.89% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 22 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Bank & Trust (main office) | Brookings , SD | 57006 | $1.35B |
| Sioux Falls Branch | Sioux Falls , SD | 57104 | $749.7M |
| Pipestone Branch | Pipestone , MN | 56164 | $297.9M |
| First Bank & Trust of Milbank Branch | Milbank , SD | 57252 | $219.2M |
| Madison Branch | Madison , SD | 57042 | $185.0M |
| New Prague Branch | New Prague , MN | 56071 | $159.8M |
| Cambridge Branch | Cambridge , MN | 55008 | $158.9M |
| Sioux Falls I-229 & 57th Street Branch | Sioux Falls , SD | 57108 | $138.2M |
| Canton Branch | Canton , SD | 57013 | $112.5M |
| Edina Branch | Edina , MN | 55435 | $104.4M |
| Watertown Branch | Watertown , SD | 57201 | $96.5M |
| Roseville Branch | Roseville , MN | 55113 | $80.0M |
| Garretson Branch | Garretson , SD | 57030 | $76.8M |
| Sixth Street Branch | Brookings , SD | 57006 | $68.3M |
| Vermillion Branch | Vermillion , SD | 57069 | $67.8M |
| Toronto Branch | Toronto , SD | 57268 | $64.2M |
| Princeton Branch | Princeton , MN | 55371 | $61.0M |
| Dawley Farms Branch | Sioux Falls , SD | 57110 | $49.5M |
| East Bethel Branch | Cedar , MN | 55011 | $46.8M |
| White Branch | White , SD | 57276 | $45.0M |
| Brookings Mall Branch | Brookings , SD | 57006 | $26.9M |
| Walmart Branch | Brookings , SD | 57006 | $12.6M |
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 |
|---|---|---|---|
| December 4, 2021 | M&A | merger | SEC |
| December 4, 2021 | Structure Change | Acquired CJM Financial, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 17, 2020 | M&A | merger | SEC |
| October 17, 2020 | Structure Change | Acquired First Bank & Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 16, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 2, 2017 | M&A | merger | SEC |
| December 2, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 2, 2017 | Structure Change | Acquired Peoples Bank of Commerce Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 15, 2015 | M&A | merger | SEC |
| August 15, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 15, 2015 | Structure Change | Acquired First Bank & Trust of Milbank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 5, 2012 | M&A | merger | SEC |
| May 5, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 5, 2012 | Structure Change | Acquired First Bank of White Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 18, 2000 | M&A | merger | SEC |
| November 18, 2000 | Structure Change | Charter Retained (Merger or Purchase & Assumption) | FFIEC NIC |
| February 1, 1993 | M&A | merger | SEC |
| February 1, 1993 | Structure Change | Acquired Home Trust Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 31, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 19 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for First Bank & Trust, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 3 against the institution (Federal Reserve, OCC)
- June 7, 2005, Federal Reserve: Civil Money Penalty $7,750.: First Bank & Trust, Lebanon, VA
- January 17, 2003, OCC: C&D or PC&D Requiring Restitution: First National Bank in Brookings
- January 17, 2003, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank in Brookings
- Period: Most recent institution action June 7, 2005. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in SD, rank 6 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,868 applications, 1,306 loans originated, $283.3M originated, across 15 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First Bank & Trust
What are First Bank & Trust's total assets?
As of the Q2 2026 filing, First Bank & Trust reported total assets of $4.78 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Bank & Trust headquartered?
First Bank & Trust is headquartered in Brookings, SD, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was First Bank & Trust founded?
First Bank & Trust was established in 1925, per the FDIC institution directory.
Is First Bank & Trust FDIC-insured?
Yes. First Bank & Trust is an FDIC-insured commercial bank (FDIC Certificate #3973). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank & Trust?
First Bank & Trust's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does First Bank & Trust operate?
First Bank & Trust operates 22 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Bank & Trust's Texas Ratio?
First Bank & Trust's Texas Ratio is 3.95% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was First Bank & Trust previously called?
The charter now named First Bank & Trust has also operated as First National Bank in Brookings (1958-2004), per FDIC structure-change records.
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