HEADQUARTERED IN SOUTH DAKOTA
South Dakota banks and credit unions
91 institutions headquartered in South Dakota. Totals describe institutions by headquarters, not deposits held at branches in the state.
South Dakota banks
- 58 banks headquartered in South Dakota reported $3.9 trillion in combined total assets for the quarter ended June 30, 2026.
- Their combined deposits were $3.2 trillion, up 10.5% from a year earlier among institutions that reported both quarters.
- The median net interest margin was 3.86%, and the median cost of all deposits was 1.83%.
- Institutions
- 58
- Combined total assets
- $3.9 trillion
- Combined deposits
- $3.2 trillion
- Deposit growth, 12 months
- +10.5%
- Loan growth, 12 months
- +10.1%
- Median net interest margin
- 3.86%
- Median return on assets
- 1.49%
- Median cost of deposits
- 1.83%
What stands out
- Security State BankNet charge-offs falling while the peer median holds steady
- Wells Fargo Bank N.A.Deposit costs falling more slowly than peers
- Anchorage Digital Bank N.A.Leverage capital ratio falling while the peer median rises
- One American BankBorrowed funding falling while the peer median holds steady
- Pathward N.A.Deposit costs among the lowest of similar banks
- The Bancorp Bank National AssociationDeposit costs among the lowest of similar banks
- First National BankNet charge-offs falling while the peer median holds steady
- Farmers State Bank of CantonUnrealized securities position improving faster than peers
Largest banks
| Institution | City | Total assets | Deposit growth | ROA |
|---|---|---|---|---|
| Citibank N.A. | Sioux Falls | $2.0 trillion | +9.5% | 1.05% |
| Wells Fargo Bank N.A. | Sioux Falls | $1.9 trillion | +11.8% | 1.46% |
| The Bancorp Bank National Association | Sioux Falls | $9.2 billion | -3.7% | 2.95% |
| Pathward N.A. | Sioux Falls | $7.3 billion | -0.9% | 1.65% |
| Dacotah Bank | Aberdeen | $4.9 billion | +6.0% | 1.05% |
| First Bank & Trust | Brookings | $4.8 billion | +2.8% | 1.31% |
| First Premier Bank | Sioux Falls | $3.6 billion | +13.3% | 1.97% |
| First Dakota National Bank | Yankton | $3.4 billion | +8.1% | 1.87% |
| Sunrise Banks N.A. | Sioux Falls | $2.8 billion | +9.3% | 0.44% |
| American Bank & Trust | Sioux Falls | $2.2 billion | +11.9% | 1.45% |
| The First National Bank in Sioux Falls | Sioux Falls | $2.1 billion | +10.3% | 1.23% |
| First National Bank | Fort Pierre | $2.0 billion | +21.9% | 2.50% |
| Bankwest, Incorporated | Pierre | $1.9 billion | +10.7% | 0.73% |
| Anchorage Digital Bank N.A. | Sioux Falls | $1.9 billion | n/a | 2.26% |
| First Savings Bank | Beresford | $1.6 billion | +5.6% | 2.63% |
Rankings
- Largest banks in South Dakota
- Fastest deposits growth in South Dakota
- Fastest loan growth in South Dakota
- Highest return on assets in South Dakota
All 58 banks headquartered in South Dakota
- 1st Financial Bank USA Dakota Dunes
- American Bank & Trust Sioux Falls
- Anchorage Digital Bank N.A. Sioux Falls
- Andes State Bank Lake Andes
- Bankstar Financial Elkton
- Bankwest, Incorporated Pierre
- Black Hills Community Bank N.A. Rapid City
- Bryant State Bank Bryant
- Campbell County Bank Herreid
- Citibank N.A. Sioux Falls
- Citizens State Bank of Arlington Arlington
- Commercial State Bank of Wagner Wagner
- Community Bank Avon
- Cortrust Bank N.A. Mitchell
- Dacotah Bank Aberdeen
- Dnb National Bank Clear Lake
- Farmers and Merchants State Bank Plankinton
- Farmers State Bank Parkston
- Farmers State Bank of Canton Canton
- First Bank & Trust Brookings
- First Dakota National Bank Yankton
- First Fidelity Bank Burke
- First National Bank Fort Pierre
- First National Bank Oldham
- First National Bank in Philip Philip
- First Premier Bank Sioux Falls
- First Savings Bank Beresford
- First State Bank of Roscoe Roscoe
- First Western Federal Savings Bank Rapid City
- Frontier Bank Sioux Falls
- Great Plains Bank Eureka
- Heartland State Bank Redfield
- Ipswich State Bank Ipswich
- Merchants State Bank Freeman
- One American Bank Centerville
- Pathward N.A. Sioux Falls
- Pioneer Bank & Trust Belle Fourche
- Plains Commerce Bank Sioux Falls
- Quoin Financial Bank Miller
- Reliabank Dakota Estelline
- Richland State Bank Bruce
- Rivers Edge Bank Marion
- Security Bank Midwest Tyndall
- Security National Bank of South Dakota Dakota Dunes
- Security Savings Bank Canton
- Security State Bank Alexandria
- State Bank of Eagle Butte Eagle Butte
- Sunrise Bank Dakota Onida
- Sunrise Banks N.A. Sioux Falls
- The Bancorp Bank National Association Sioux Falls
- The Farmers and Merchants State Bank Scotland
- The Farmers State Bank of Turton Turton
- The First National Bank in Sioux Falls Sioux Falls
- The First National Bank of Frederick Frederick
- The Security State Bank Emery
- U.S. Bank Trust National Association Sd Sioux Falls
- Wells Fargo Bank N.A. Sioux Falls
- Western Dakota Bank Timber Lake
South Dakota credit unions
- 33 credit unions headquartered in South Dakota reported $6.2 billion in combined total assets for the quarter ended June 30, 2026.
- Their combined shares and deposits were $5.4 billion, up 5.0% from a year earlier among institutions that reported both quarters.
- The median net interest margin was 4.04%, and the median cost of all shares and deposits was 1.58%.
- Institutions
- 33
- Combined total assets
- $6.2 billion
- Combined shares and deposits
- $5.4 billion
- Share and deposit growth, 12 months
- +5.0%
- Loan growth, 12 months
- +3.4%
- Median net interest margin
- 4.04%
- Median return on assets
- 0.85%
- Median cost of shares and deposits
- 1.58%
What stands out
- Lakota Federal Credit UnionNet interest margin widening faster than peers
- Sisseton-Wahpeton Federal Credit UnionReturn on assets falling faster than peers
- Aspen Federal Credit UnionMargin squeezed by funding costs
- Levo Federal Credit UnionMember business lending growing faster than peers
- Northern Hills Federal Credit UnionReliance on share certificates rising faster than peers
- Sioux Valley Coop Federal Credit UnionReliance on share certificates falling while the peer median holds steady
- Ft Randall Federal Credit UnionNet worth ratio rising faster than peers
- Sentinel Federal Credit UnionLending absorbing more of the share base as cash falls
Largest credit unions
| Institution | City | Total assets | Share growth | ROA |
|---|---|---|---|---|
| Black Hills Federal Credit Union | Rapid City | $2.4 billion | +5.9% | 0.52% |
| Dakotaland Federal Credit Union | Huron | $752 million | +3.3% | 1.72% |
| Levo Federal Credit Union | Sioux Falls | $516 million | +2.6% | 0.85% |
| Voyage Federal Credit Union | Sioux Falls | $285 million | +7.1% | 1.03% |
| Highmark Federal Credit Union | Rapid City | $258 million | +0.4% | 0.39% |
| Service First Federal Credit Union | Sioux Falls | $210 million | +2.0% | 1.21% |
| Bluestone Federal Credit Union | Sioux Falls | $206 million | -0.1% | 0.66% |
| Northern Hills Federal Credit Union | Sturgis | $205 million | +20.3% | 0.80% |
| Area Federal Credit Union | Aberdeen | $200 million | +5.4% | 1.40% |
| Sentinel Federal Credit Union | Box Elder | $199 million | +4.8% | 0.68% |
| Aspen Federal Credit Union | Rapid City | $173 million | +6.2% | 0.73% |
| Explorers Federal Credit Union | Yankton | $111 million | +4.4% | 0.38% |
| Dakota Plains Federal Credit Union | Lemmon | $84.4 million | +12.2% | 1.44% |
| Norstar Federal Credit Union | Britton | $78.6 million | +4.0% | 1.48% |
| Healthcare Plus Federal Credit Union | Aberdeen | $70.4 million | +4.5% | 0.16% |
Rankings
- Largest credit unions in South Dakota
- Fastest shares and deposits growth in South Dakota
- Fastest loan growth in South Dakota
- Highest return on assets in South Dakota
All 33 credit unions headquartered in South Dakota
- Area Federal Credit Union Aberdeen
- Aspen Federal Credit Union Rapid City
- Avanti Federal Credit Union Watertown
- Black Hills Federal Credit Union Rapid City
- Bluestone Federal Credit Union Sioux Falls
- Consumer'S Federal Credit Union Gregory
- Coteau Valley Federal Credit Union Sisseton
- Dacotah Federal Credit Union Rapid City
- Dakota Plains Federal Credit Union Lemmon
- Dakota Rail Line Federal Credit Union Huron
- Dakota Star Federal Credit Union Rapid City
- Dakotaland Federal Credit Union Huron
- East River Federal Credit Union Madison
- Explorers Federal Credit Union Yankton
- Ft Randall Federal Credit Union Wagner
- Hb Telco Federal Credit Union Huron
- Healthcare Plus Federal Credit Union Aberdeen
- Highmark Federal Credit Union Rapid City
- Huron Area Education Federal Credit Union Huron
- Lakota Federal Credit Union Kyle
- Levo Federal Credit Union Sioux Falls
- M O Federal Credit Union Huron
- Minuteman Federal Credit Union Rapid City
- Norstar Federal Credit Union Britton
- Northern Hills Federal Credit Union Sturgis
- Oahe Federal Credit Union Pierre
- Palace City Federal Credit Union Mitchell
- Rushmore Electric Federal Credit Union Rapid City
- Sentinel Federal Credit Union Box Elder
- Service First Federal Credit Union Sioux Falls
- Sioux Valley Coop Federal Credit Union Watertown
- Sisseton-Wahpeton Federal Credit Union Agency Village
- Voyage Federal Credit Union Sioux Falls