First Bank&Trust
Brookings, South Dakota · FDIC Cert #3973
This is the FDIC profile for First Bank&Trust, an FDIC-insured bank (Certificate #3973) with $4.7B in total assets and $3.8B in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Brookings, South Dakota, the bank maintains a Tier 1 capital ratio of 9.51% (Well-Capitalized) and a nonperforming loan ratio of 0.26%. BankHealthData assigns a composite Health Grade of B (72/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Bank&Trust (FDIC cert 3973) is a mid-sized bank with $4.7B in total assets and $3.8B in deposits, based in Brookings, South Dakota. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 9.51% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is clean: non-performing loan ratio of 0.26% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is in the normal range: 18.4% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 1.89% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. First Bank&Trust carries a composite BankHealth grade of B (72/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Bank&Trust
- Total Assets
- $4.7B
- Total Deposits
- $3.8B
- Tier 1 Capital Ratio
- 9.51%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.26%
- Liquidity Ratio
- 18.38%
- Return on Assets
- 1.89%
- Headquarters
- Brookings, South Dakota
- FDIC Certificate
- #3973
- Health Grade
- B (72/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
First Bank&Trust files quarterly Call Reports with the FDIC under Certificate #3973. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, First Bank&Trust holds a Tier 1 capital ratio of 9.51%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First Bank&Trust has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First Bank&Trust shows strong financial health indicators. With $4.7B in assets and a Health Score of 72/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First Bank&Trust Compares
First Bank&Trust’s Health Score of 72 is 12 points below the South Dakota state average of 84 across 47 FDIC-insured banks. Its 9.51% Tier 1 capital ratio is 4.5 points below the US banking industry average near 14%. The 0.26% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.89% is in line with or above the national ROA benchmark of ~1.1%. Among 317 similarly-sized banks, the average Health Score is 77, meaning this bank ranks below its size cohort. Site-wide, First Bank&Trust is 8 points below the portfolio average of 80.
Frequently Asked Questions
First Bank&Trust has a Bank Health Score of B (72/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 9.51%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Bank&Trust's Tier 1 capital ratio of 9.51% and nonperforming loan ratio of 0.26% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Bank&Trust is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #3973). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Bank&Trust holds $4.7B in total assets and $3.8B in total deposits. It is headquartered in Brookings, South Dakota (FDIC Certificate #3973).
First Bank&Trust's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #3973 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
First Bank&Trust has a Tier 1 capital ratio of 9.51%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.26%, and the return on assets is 1.89%.
Yes. First Bank&Trust is FDIC-insured (Certificate #3973). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Bank&Trust's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.