CorTrust Bank National Association
Mitchell, South Dakota, Davison County
$1.6B in total assets, the 736th largest of 4,309 US banks and 16th of 58 headquartered in South Dakota.
- FDIC certificate
- 6063
- Established
- 1930
- Owned by
- Hopkins Financial Corp
- Primary regulator
- OCC
- Website
- www.cortrustbank.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 | $1.6B | 19% | $2.2B | |
| Loans | $1.0B | 19% | $1.6B | |
| Deposits | $1.4B | 31% | $1.9B | |
| Return on assets | 0.50% | 6% | 1.44% | |
| Net interest margin | 3.74% | 25% | 4.02% | |
| Efficiency ratio | 79.7% | 81% | 58.5% | |
| Equity to assets | 8.88% | 12% | 10.60% | |
| Loans to deposits | 74% | 13% | 90% |
Growth
Total assets grew 0.5% a year over the last 5 years and 7.9% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Aug 2019 | First Minnesota Bank Minnetonka, MN | $352M |
| Aug 2018 | State Bank of Delano Delano, MN | $94M |
| Mar 2013 | Blaine State Bank Blaine, MN | $36M |
| Sep 2009 | Brickwell Community Bank Woodbury, MN | $73M |
| Sep 2000 | The First National Bank of Freeman Freeman, SD | $48M |
| Jul 2000 | Day County Bank Webster, SD, an affiliate under the same holding company | $31M |
| Feb 1990 | Live Stock State Bank Leola, SD, an affiliate under the same holding company | $20M |
Where they operate
37 branches in 19 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Davison County, SD | $246M | 21.3% | 2 of 8 |
| Minnehaha County, SD | $243M | 0.1% | 12 of 26 |
| Wright County, MN | $174M | 5.8% | 6 of 24 |
| Yankton County, SD | $101M | 7.7% | 3 of 7 |
| Mcleod County, MN | $98M | 7.2% | 5 of 8 |
| Hennepin County, MN | $73M | 0.1% | 44 of 68 |
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 gain of 12 branches since 2016 (25 to 37, +48.0%). 1 opened, 11 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2018 | Acquired State Bank of Delano | 1 | 0 | +1 | 26 |
| 2019 | Acquired First Minnesota BankOpened Stewart | 11 | 0 | +11 | 37 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 36% | 23% | |
| 1-4 family residential | 20% | 12% | |
| Business (C&I) | 17% | 18% | |
| Multifamily | 7% | 8% | |
| Construction and land | 7% | 6% | |
| Farmland | 7% | 7% | |
| Consumer | 3% | 13% | |
| Agricultural | 3% | 9% | |
| Other | 0% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 44% | 43% | |
| Time deposits | 32% | 25% | |
| Noninterest-bearing | 24% | 32% |
Brokered deposits are 3.8% of deposits (peers 8.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.70% | 0.87% |
| Net charge-offs, annualized | 0.72% | 0.19% |
| Reserves to loans | 1.19% | 1.25% |
| Leverage ratio | 9.92% | 10.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Davison 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/cortrust