Pathward, National Association
Sioux Falls, South Dakota, Lincoln County
$7.3B in total assets, the 221st largest of 4,309 US banks and 4th of 58 headquartered in South Dakota.
- FDIC certificate
- 30776
- Established
- 1954
- Owned by
- Pathward Financial Inc
- Primary regulator
- OCC
- Website
- http://www.pathward.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 | $7.3B | 94% | $2.1B | |
| Loans | $5.2B | 94% | $1.6B | |
| Deposits | $6.0B | 94% | $1.7B | |
| Return on assets | 2.43% | 81% | 1.38% | |
| Net interest margin | 7.41% | 81% | 3.94% | |
| Efficiency ratio | 58.0% | 44% | 60.6% | |
| Equity to assets | 12.07% | 75% | 10.12% | |
| Loans to deposits | 87% | 47% | 90% |
Growth
Total assets grew 0.7% 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 |
|---|---|---|
| Aug 2018 | Crestmark Bank Troy, MI | $1.3B |
| Dec 1995 | Iowa Savings Bank, FSB Des Moines, IA | $24M |
| Mar 1994 | Brookings Federal Bank, a federal savings bank Brookings, SD | $73M |
Where they operate
1 branch in 1 county.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lincoln County, SD | $6.0B | 0.9% | 2 of 26 |
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 10 branches since 2016 (11 to 1, −90.9%). 0 opened, 0 acquired, 10 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 11 | |||
| 2019 | Closed West Des Moines | 0 | 1 | −1 | 10 |
| 2020 | Sold 9 branches to Central Bank | 0 | 9 | −9 | 1 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 92% | 13% | |
| Consumer | 3% | 13% | |
| Commercial real estate | 1% | 25% | |
| Construction and land | 0% | 7% | |
| Farmland | 0% | 8% | |
| 1-4 family residential | 0% | 13% | |
| Multifamily | 0% | 8% | |
| Agricultural | 0% | 9% | |
| Other | 3% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Noninterest-bearing | 96% | 27% | |
| Other interest-bearing | 4% | 46% | |
| Time deposits | 0% | 27% |
Brokered deposits are 1.4% of deposits (peers 8.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 4.99% | 0.70% |
| Net charge-offs, annualized | 0.86% | 0.19% |
| Reserves to loans | 2.11% | 1.19% |
| Leverage ratio | 9.91% | 10.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in South Dakota
Largest competitors in Lincoln 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/pathward