First Savings Bank
Beresford, South Dakota, Union County
$1.6B in total assets, the 725th largest of 4,309 US banks and 15th of 58 headquartered in South Dakota.
- FDIC certificate
- 32629
- Established
- 1989
- Owned by
- Farrar Beresford Bcorp Irrevocable Tr
- Primary regulator
- OCC
- Website
- firstsavingsbanks.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 | 25% | $2.2B | |
| Loans | $1.2B | 31% | $1.6B | |
| Deposits | $1.3B | 25% | $1.9B | |
| Return on assets | 2.48% | 88% | 1.38% | |
| Net interest margin | 8.18% | 94% | 3.94% | |
| Efficiency ratio | 41.6% | 6% | 60.6% | |
| Equity to assets | 19.30% | 94% | 10.12% | |
| Loans to deposits | 95% | 73% | 87% |
Growth
Total assets grew 6.3% a year over the last 5 years and 9.9% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2019 | Western Bank Alamogordo, NM | $60M |
| Dec 2018 | The Roberts County National Bank of Sisseton Sisseton, SD | $54M |
| Aug 2002 | First American Savings Bank, F.S.B. Omaha, NE | $36M |
| Dec 1995 | Sun World Federal Savings Bank Alamogordo, NM | $30M |
| Mar 1995 | Home Federal Savings Bank of New Mexico Deming, NM | $97M |
| Aug 1988 | Marshall County Bank Britton, SD | $11M |
| Dec 1987 | State Bank of Waubay Waubay, SD | $7M |
Where they operate
24 branches in 19 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Clark County, NV | $183M | 0.2% | 26 of 41 |
| Mohave County, AZ | $127M | 2.8% | 8 of 10 |
| Union County, SD | $107M | 13.9% | 3 of 9 |
| Lincoln County, NM | $106M | 15.6% | 2 of 7 |
| Luna County, NM | $96M | 21.5% | 3 of 3 |
| El Paso County, TX | $96M | 0.8% | 12 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 2 branches since 2016 (22 to 24, +9.1%). 0 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 | 22 | |||
| 2016 | Bought 1 branch from Talmer Bank and TrustClosed Las Vegas | 1 | 1 | 0 | 22 |
| 2018 | Acquired The Roberts County National Bank of Sisseton | 1 | 0 | +1 | 23 |
| 2019 | Acquired Western BankClosed Alamogordo | 2 | 1 | +1 | 24 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 45% | 22% | |
| Consumer | 15% | 12% | |
| Multifamily | 12% | 8% | |
| 1-4 family residential | 9% | 12% | |
| Farmland | 6% | 7% | |
| Construction and land | 5% | 7% | |
| Business (C&I) | 5% | 19% | |
| Agricultural | 4% | 9% | |
| Other | 0% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 50% | 43% | |
| Noninterest-bearing | 28% | 32% | |
| Time deposits | 21% | 26% |
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 | 0.87% | 0.70% |
| Net charge-offs, annualized | 4.08% | 0.19% |
| Reserves to loans | 5.38% | 1.19% |
| Leverage ratio | 19.25% | 10.35% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Clark County, NV
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-savings-bank-beresford-sd