Dacotah Bank
Aberdeen, South Dakota, Brown County
$4.9B in total assets, the 299th largest of 4,309 US banks and 5th of 58 headquartered in South Dakota.
- FDIC certificate
- 17437
- Established
- 1955
- Owned by
- Dacotah Banks Inc
- Primary regulator
- FED
- Website
- www.dacotahbank.com
At a glance
Compared with 16 banks headquartered in South Dakota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.9B | 88% | $2.1B | |
| Loans | $4.1B | 88% | $1.6B | |
| Deposits | $4.3B | 88% | $1.7B | |
| Return on assets | 1.02% | 25% | 1.44% | |
| Net interest margin | 4.09% | 62% | 3.94% | |
| Efficiency ratio | 62.2% | 56% | 58.5% | |
| Equity to assets | 9.77% | 38% | 10.60% | |
| Loans to deposits | 94% | 67% | 87% |
Growth
Total assets grew 8.4% a year over the last 5 years and 8.1% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2020 | First State Bank of Claremont Groton, SD | $61M |
| Sep 2013 | United Farmers & Merchants State Bank Morris, MN | $39M |
| Apr 2005 | DACOTAH BANK Rolla, ND, an affiliate under the same holding company | $126M |
| Apr 2005 | Dacotah Bank - Valley City Valley City, ND, an affiliate under the same holding company | $95M |
| Jun 2000 | First National Bank Hettinger, ND, an affiliate under the same holding company | $25M |
| May 1997 | Dacotah Bank Mobridge, SD, an affiliate under the same holding company | $55M |
| May 1997 | Dacotah Bank Webster, SD, an affiliate under the same holding company | $45M |
| May 1997 | Dacotah Bank Lemmon, SD, an affiliate under the same holding company | $72M |
| May 1997 | Dacotah Bank Faulkton, SD, an affiliate under the same holding company | $24M |
| May 1997 | Dacotah Bank Clark, SD, an affiliate under the same holding company | $68M |
| Apr 1988 | The Bank of Cresbard Cresbard, SD, an affiliate under the same holding company | $9M |
| May 1987 | First State Bank Sisseton, SD | $20M |
Where they operate
32 branches in 25 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Brown County, SD | $862M | 43.0% | 1 of 12 |
| Hennepin County, MN | $501M | 0.3% | 17 of 68 |
| Minnehaha County, SD | $276M | 0.1% | 11 of 26 |
| Roberts County, SD | $255M | 54.2% | 1 of 5 |
| Codington County, SD | $246M | 15.5% | 2 of 10 |
| Barnes County, ND | $238M | 57.1% | 1 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 2 branches since 2016 (34 to 32, −5.9%). 3 opened, 2 acquired, 7 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 34 | |||
| 2017 | Closed Cresbard and Regent | 0 | 2 | −2 | 32 |
| 2020 | Acquired First State Bank of Claremont | 2 | 0 | +2 | 34 |
| 2021 | Closed Chokio and New Effington | 0 | 2 | −2 | 32 |
| 2022 | Opened Bismarck and Fargo | 2 | 0 | +2 | 34 |
| 2023 | Opened Minneapolis | 1 | 0 | +1 | 35 |
| 2024 | Closed Henry | 0 | 1 | −1 | 34 |
| 2025 | Closed Rapid City | 0 | 1 | −1 | 33 |
| 2026 through Q2 | Closed Belcourt | 0 | 1 | −1 | 32 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 26% | 17% | |
| Commercial real estate | 24% | 24% | |
| Farmland | 16% | 7% | |
| Agricultural | 13% | 8% | |
| Construction and land | 7% | 6% | |
| 1-4 family residential | 6% | 12% | |
| Consumer | 4% | 13% | |
| Multifamily | 4% | 8% | |
| Other | 0% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 42% | |
| Time deposits | 23% | 26% | |
| Noninterest-bearing | 19% | 32% |
Brokered deposits are 0.0% of deposits (peers 8.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.48% | 0.70% |
| Net charge-offs, annualized | 0.23% | 0.19% |
| Reserves to loans | 1.17% | 1.25% |
| Leverage ratio | 10.07% | 10.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Brown County, SD
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/dacotah