First Bank & Trust

Headquarters

520 6th St
Brookings, SD 57006
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Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Reviewed by BLONDEDOG | January 12, 2023

Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months without any resolution. I haven't been presented any evidence in that time that the charge is valid-and the balance is once again showing that I owe it. They seem to have a strategy of making it as hard as possible to communicate by offering only mail and fax to communicate with their different deadlines. Also, customer service will make it as hard as possible as well to solve the issue by simply just hanging -up, with one day hanging-up on me 5 times. It's hard to believe there is any investigation at all regarding my unauthorized charge-they just want you to go away. I have had to file a complaint with the FDIC for help in dealing with this bank's credit card department in hopes of resolving this before I terminate the account. Do not use this bank.

Overview
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Loan Rates
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2024 Overview

General Bank Information

First Bank & Trust is an FDIC insured institution located in Brookings, SD. It was founded in 1925 and has approximately $4.69 billion in assets. Customers can open an account at one of its 16 branches.


FDIC Insured	Yes
FDIC Certificate	# 3973
Date Established	1925
Assets	$ 4.69 billion
Loans	$ 3.52 billion
Deposits	$ 3.80 billion
Capital	$ 472.37 million

For a more detailed analysis of First Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for First Bank & Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1025894	6.960%	6.875% 0.63 points $2,764 fees	$2,103	Learn More
NMLS ID: 2592312 License#: RM.805266.000	6.966%	6.875% 0.50 points $3,145 fees	$2,103	Learn More
NMLS ID: 3030	7.338%	7.250% 0.88 points $2,800 fees	$2,183	Learn More
NMLS ID: 1907		points fees		Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to First Bank & Trust
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Branches

First Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

First Bank & Trust Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
State Bank Of New Prague Branch	643.20	A	View Lobby Hours
Edina Branch	644.25	B	View Lobby Hours
East Bethel Branch	658.31	C	View Lobby Hours
Peoples Bank Of Commerce	666.25	D	View Lobby Hours
Princeton Branch	681.64	E	View Lobby Hours
Vermillion Branch	763.69	F	View Lobby Hours
First Bank & Trust Association Banch	766.36	G	View Lobby Hours
White Branch	786.78	H	View Lobby Hours
Brookings Mall Branch	788.92	I	View Lobby Hours
Walmart Branch	789.20	J	View Lobby Hours
Sixth Street Branch	789.22	K	View Lobby Hours
Toronto Branch	790.25	L	View Lobby Hours
First Bank & Trust	790.65	M	View Lobby Hours
First Bank & Trust Of Milbank Branch	809.17	N	View Lobby Hours
Stockholm Branch	813.14	O	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

First Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

First Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

First Bank & Trust	U.S. Bank Average
3.17%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, First Bank & Trust had $9,139,000 in non-current loans and $7,174,000 in owned real estate. To cover these potential losses it had $472,374,000 in equity and $42,677,000 in loans loss reserves. That gives it a Texas Ratio of 3.17%.

Return on Equity

First Bank & Trust	U.S. Bank Average
14.5%	10.46%

First Bank & Trust has a Return on Equity of 14.5% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

First Bank & Trust	U.S. Bank Average
10.06%	10.84%

First Bank & Trust has a Capitalization of 10.06% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Bank & Trust Balance Sheet Analysis

As of June 30, 2024, First Bank & Trust had assets of $4,694,783,000, loans of $3,523,926,000, and deposits of $3,801,991,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 45.43 million
Interest-bearing balances	$ 2.44 million
Total securities	$ 817.33 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 3.52 billion
Loan loss allowance	$ 42.68 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 7.17 million
Goodwill and other intangibles	$ 63.77 million
All other assets	$ 131.42 million
Total Assets	$ 4.22 billion

LIABILITIES
Total deposits	$ 3.80 billion
Interest-bearing deposits	$ 3.11 billion
Deposits held in domestic offices	$ 3.80 billion
% insured (estimated)	66.71%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	$ 16.60 million
Subordinated debt	N.A.
All other liabilities	$ 62.17 million
Total Liabilities	$ 4.22 billion
Shareholders’ Equity	$ 472.37 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 115.08 million
Total Interest Expense	$ 56.59 million
Net interest income	$ 58.49 million
Provision for loan and lease losses	$ 4.55 million
Total non interest income	$ 49.73 million
Total non interest expense	$ 59.54 million
Pre-tax Net Operating Income	$ 38.03 million

Bank Loan Profile^?

The top three loan types in First Bank & Trust’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in South Dakota, First Bank & Trust has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	9.74		✓
Multifamily Mortgages	6.16		✓
Credit Card Loans	2.17		✓
Consumer Auto Loans	0.47		✓
Small Business Loans	4.14		✓
Construction and Development Loans	8.45			✓
Commercial Real Estate	23.71			✓
Commercial and Industrial Loans	19.26		✓
Farm Loans	4.08		✓

Customer Reviews for First Bank & Trust

BLONDEDOG

January 12, 2023

Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months without any resolution. I haven't been presented any evidence in that time that the charge is valid-and the balance is once again showing that I owe it. They seem to have a strategy of making it as hard as possible to communicate by offering only mail and fax to communicate with their different deadlines. Also, customer service will make it as hard as possible as well to solve the issue by simply just hanging -up, with one day hanging-up on me 5 times. It's hard to believe there is any investigation at all regarding my unauthorized charge-they just want you to go away. I have had to file a complaint with the FDIC for help in dealing with this bank's credit card department in hopes of resolving this before I terminate the account. Do not use this bank.

Is this review helpful? Yes:0 / No: 0
BLONDEDOG

January 7, 2023 |

Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months with no resolution. I haven't been presented any evidence in that time that the charge is valid-and the balance is once again showing that I owe it. They seem to have a strategy of making it as hard as possible to communicate by offering only mail and fax to communicate with their different deadlines. Also, customer service will make it as hard as possible as well to solve the issue by simply just hanging -up, with one day hanging-up on me 5 times. It's hard to believe there is any investigation at all regarding my unauthorized charge-they just want you to go away. I have had to file a complaint with the FDIC for help in dealing with this bank's credit card department in hopes of resolving this before I terminate the account. Do not use this bank.

Is this review helpful? Yes:0 / No: 0