First National Bank
Oldham, South Dakota, Kingsbury County
$478M in total assets, the 1,876th largest of 4,309 US banks and 24th of 58 headquartered in South Dakota.
- FDIC certificate
- 25894
- Established
- 1985
- Owned by
- Fulda Bcorp Inc
- Primary regulator
- OCC
- Website
- www.firstnationalbanks.com
At a glance
Compared with 24 banks headquartered in South Dakota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $478M | 83% | $253M | |
| Loans | $367M | 83% | $165M | |
| Deposits | $380M | 79% | $218M | |
| Return on assets | 2.08% | 75% | 1.59% | |
| Net interest margin | 8.18% | 98% | 3.74% | |
| Efficiency ratio | 45.7% | 17% | 54.3% | |
| Equity to assets | 18.11% | 96% | 10.31% | |
| Loans to deposits | 97% | 87% | 82% |
Growth
Total assets grew 3.0% a year over the last 5 years and 8.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2018 | First American State Bank Oldham, SD | $88M |
| Sep 1994 | First National Bank Hastings, MN | $44M |
| May 1985 | First Trust Bank of Lakefield Lakefield, MN | $24M |
| Feb 1985 | Citizens State Bank of Fulda Fulda, MN | $39M |
Where they operate
12 branches in 10 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Murray County, MN | $152M | 37.6% | 1 of 4 |
| Jackson County, MN | $54M | 17.4% | 2 of 6 |
| Dakota County, MN | $40M | 0.4% | 28 of 32 |
| Fillmore County, MN | $35M | 4.3% | 10 of 11 |
| Mower County, MN | $23M | 2.7% | 11 of 11 |
| Rock Island County, IL | $22M | 0.8% | 15 of 16 |
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 3 branches since 2016 (9 to 12, +33.3%). 1 opened, 4 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 9 | |||
| 2018 | Acquired First American State BankSold 1 branch to Red Rock Bank, opened Slayton | 5 | 1 | +4 | 13 |
| 2022 | Sold 1 branch to Southern Bank | 0 | 1 | −1 | 12 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 25% | 13% | |
| Consumer | 17% | 3% | |
| Farmland | 14% | 22% | |
| Agricultural | 13% | 31% | |
| 1-4 family residential | 11% | 13% | |
| Multifamily | 10% | 3% | |
| Business (C&I) | 7% | 10% | |
| Construction and land | 2% | 3% | |
| Other | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 51% | 44% | |
| Time deposits | 36% | 37% | |
| Noninterest-bearing | 14% | 18% |
Brokered deposits are 0.0% of deposits (peers 3.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 2.01% | 0.16% |
| Net charge-offs, annualized | 4.62% | 0.00% |
| Reserves to loans | 6.27% | 1.27% |
| Leverage ratio | 18.41% | 10.51% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Murray County, MN
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/banks/first-national-bank-oldham-sd