Safest Banks in South Dakota 2026
South Dakota has 47 FDIC-insured banks with an average Bank Health Score of 74/100 (B). The safest bank is Richland State Bank with a score of 99/100.
Data from FDIC Q2 2024
Top 20 of 47 Banks in South Dakota
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Richland State Bank | Bruce | A | 99 | 26.76% | 0.24% |
| 2 | Andes State Bank | Lake Andes | A | 99 | 25.61% | 0.00% |
| 3 | Pioneer Bank&Trust | Belle Fourche | A | 97 | 16.85% | 0.01% |
| 4 | Ipswich State Bank | Ipswich | A | 97 | 30.12% | 0.00% |
| 5 | Dnb National Bank | Clear Lake | A | 96 | 21.27% | 0.12% |
| 6 | First Nb in Philip | Philip | A | 96 | 15.56% | 0.00% |
| 7 | First Premier Bank | Sioux Falls | A | 96 | 18.09% | 0.06% |
| 8 | Bryant State Bank | Bryant | A | 94 | 17.43% | 0.41% |
| 9 | First State Bank of Roscoe | Roscoe | A | 93 | 22.61% | 1.23% |
| 10 | Bcorp Bank National Assn | Sioux Falls | A | 91 | 15.69% | 0.60% |
| 11 | Farmers State Bank of Turton | Turton | A | 91 | 21.53% | 0.00% |
| 12 | Citibank National Assn | Sioux Falls | A | 90 | 14.11% | 0.67% |
| 13 | First Fidelity Bank | Burke | A | 88 | 12.81% | 0.52% |
| 14 | Pathward National Assn | Sioux Falls | A | 86 | 13.02% | 0.96% |
| 15 | First National Bank | Fort Pierre | A | 85 | 24.50% | 0.52% |
| 16 | Quoin Financial Bank | Miller | A | 85 | 12.25% | 0.03% |
| 17 | Reliabank Dakota | Estelline | A | 85 | 13.08% | 0.61% |
| 18 | Wells Fargo Bank NA | Sioux Falls | A | 84 | 12.93% | 1.36% |
| 19 | First Nb in Sioux Falls | Sioux Falls | A | 84 | 13.37% | 0.15% |
| 20 | Farmers State Bank of Canton | Canton | A | 83 | 16.19% | 1.07% |
Bank Health Scores for South Dakota are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Richland State Bank in Bruce is currently the safest bank in South Dakota with a score of 99/100 (Grade A).
South Dakota has 47 FDIC-insured banks with a combined $3.4T in total assets. The average Bank Health Score across the state is 74/100.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).