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 $4.7 billion in assets. Customers can open an account at one of its 16 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 3973 |
| Date Established | 1925 |
| Assets | $ 4.70 billion |
| Loans | $ 3.51 billion |
| Deposits | $ 3.85 billion |
| Capital | $ 451.36 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 - April 27, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 27, 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: 2059741 |
7.004% |
6.875% 0.63 points $4,192 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
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
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 |
|---|---|
| 3.67% | 3.96% |
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 December 31, 2024, First Bank & Trust had $11,246,000 in non-current loans and $6,861,000 in owned real estate. To cover these potential losses it had $451,362,000 in equity and $41,719,000 in loans loss reserves. That gives it a Texas Ratio of 3.67%.
Return on Equity
| First Bank & Trust | U.S. Bank Average |
|---|---|
| 8.63% | 12.20% |
First Bank & Trust has a Return on Equity of 8.63% versus the BestCashCow average of 12.20%. 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 |
|---|---|
| 9.6% | 10.76% |
First Bank & Trust has a Capitalization of 9.6% versus the BestCashCow average of 10.76. 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 December 31, 2023, First Bank & Trust had assets of $4,701,349,000, loans of $3,513,928,000, and deposits of $3,848,305,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 60.69 million |
| Interest-bearing balances | $ 2.11 million |
| Total securities | $ 827.33 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 3.51 billion |
| Loan loss allowance | $ 41.72 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 6.86 million |
| Goodwill and other intangibles | $ 65.45 million |
| All other assets | $ 131.42 million |
| Total Assets | $ 4.25 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 3.85 billion |
| Interest-bearing deposits | $ 3.09 billion |
| Deposits held in domestic offices | $ 3.85 billion |
| % insured (estimated) | 67.56% |
| 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 | $ 4.25 billion |
| Shareholders’ Equity | $ 451.36 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 204.96 million |
| Total Interest Expense | $ 77.32 million |
| Net interest income | $ 127.65 million |
| Provision for loan and lease losses | $ 3.87 million |
| Total non interest income | $ 36.35 million |
| Total non interest expense | $ 111.75 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 | 9.77 | ✓ | ||
| Multifamily Mortgages |
6.18 | ✓ | ||
| Credit Card Loans | 2.18 | ✓ | ||
| Consumer Auto Loans | 0.47 | ✓ | ||
| Small Business Loans | 4.17 | ✓ | ||
| Construction and Development Loans | 8.47 | ✓ | ||
| Commercial Real Estate | 23.78 | ✓ | ||
| Commercial and Industrial Loans | 19.31 | ✓ | ||
| Farm Loans | 4.09 | ✓ | ||
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.
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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
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