First Bank & Trust of Milbank

Headquarters

215 West Fourth Avenue
Milbank, SD 57252
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Bank & Trust of Milbank is an FDIC insured institution located in Milbank, SD. It was founded in 1986 and has approximately $0.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26638
Date Established 1986
Assets $ 159.29 million
Loans $ 110.32 million
Deposits $ 133.20 million
Capital $ 19.77 million
 

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

Deposit Rates - April 16, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - April 16, 2021

Your Current Location: Connecticut, CT 06828

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

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




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Note to First Bank & Trust of Milbank
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Branches

First Bank & Trust of Milbank 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:
Fairfield,Connecticut


First Bank & Trust of Milbank Locations


Financial Details

First Bank & Trust of Milbank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank & Trust of Milbank. 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 of Milbank U.S. Bank Average
10.34% 5.49%

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, 2020, First Bank & Trust of Milbank had $1,891,000 in non-current loans and $293,000 in owned real estate. To cover these potential losses it had $19,769,000 in equity and $1,350,000 in loans loss reserves. That gives it a Texas Ratio of 10.34%.

Return on Equity
First Bank & Trust of Milbank U.S. Bank Average
7.96% 9.24%

First Bank & Trust of Milbank has a Return on Equity of 7.96% versus the BestCashCow average of 9.24%. 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 of Milbank U.S. Bank Average
12.41% 11.96%

First Bank & Trust of Milbank has a Capitalization of 12.41% versus the BestCashCow average of 11.96. 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 of Milbank Balance Sheet Analysis

As of March 31, 2015, First Bank & Trust of Milbank had assets of $158,467,000, loans of $110,317,000, and deposits of $133,201,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 110.32 million
Loan loss allowance $ 1.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 133.20 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 159.29 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, First Bank & Trust of Milbank’s loan portfolio does not show any specific loan specialty.

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 13.07
Multifamily
Mortgages
2.22
Credit Card Loans 0.00
Consumer Auto Loans 2.49
Small Business Loans 8.80
Construction and Development Loans 3.72
Commercial Real Estate 17.90
Commercial and Industrial Loans 10.07
Farm Loans 23.40

Frequently Asked Questions About First Bank & Trust Of Milbank

Branches and Savings

Is First Bank & Trust Of Milbank FDIC insured?

Yes. It is covered under FDIC Certificate #26638.

Why does First Bank & Trust Of Milbank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Bank & Trust Of Milbank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Bank & Trust Of Milbank a commercial bank?

Yes

Where are First Bank & Trust Of Milbank locations?

See branch locations nearby.

Is First Bank & Trust Of Milbank open on Saturdays?

Is First Bank & Trust Of Milbank open on Sundays?

What time does First Bank & Trust Of Milbank open?

What time does First Bank & Trust Of Milbank close?

Are First Bank & Trust Of Milbank ATMs Open 24/7?

Do First Bank & Trust Of Milbank ATMs accept cash deposits?

Can First Bank & Trust Of Milbank customers use other ATMs?

Do First Bank & Trust Of Milbank branches have notaries?

Will First Bank & Trust Of Milbank notarize my document?

What address for First Bank & Trust Of Milbank should I put for incoming ACH transfers?

Will the First Bank & Trust Of Milbank branch print checks?

Do First Bank & Trust Of Milbank checks expire?

Does First Bank & Trust Of Milbank require US citizenship to open account?

Can First Bank & Trust Of Milbank close my account?

Does First Bank & Trust Of Milbank Report to credit bureaus?

Does First Bank & Trust Of Milbank Use Equifax?

What is First Bank & Trust Of Milbank's ACH Routing Number?

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Products

Does First Bank & Trust Of Milbank offer mortgages?

Compare mortgage rates here.

Does First Bank & Trust Of Milbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank & Trust Of Milbank offer personal loans?

Compare personal loan rates here.

Does First Bank & Trust Of Milbank offer student loans?

Will First Bank & Trust Of Milbank cash a check?

Will First Bank & Trust Of Milbank redeem a savings bond?

Does First Bank & Trust Of Milbank cash savings bonds?

Will First Bank & Trust Of Milbank cash money orders?

Can First Bank & Trust Of Milbank issue a money order?

Does First Bank & Trust Of Milbank do currency exchange?

Background on The Bank

Who owns First Bank & Trust Of Milbank?

How long has First Bank & Trust Of Milbank been around?

Can First Bank & Trust Of Milbank transfer to other banks?

Does First Bank & Trust Of Milbank have quick pay?

Does First Bank & Trust Of Milbank accept rolled coins?

Will First Bank & Trust Of Milbank accept loose change?

Where is First Bank & Trust Of Milbank headquarters?

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