First Dakota National Bank
First Dakota National Bank reported total assets of $3.4 bn at Q2 2026, up 10.8% on a year earlier, the 373rd largest of 497 banks in our US coverage. First Dakota National Bank uses the community bank leverage ratio framework, with a leverage ratio of 10.40%. First Dakota National Bank held deposits of $3.0 bn. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), First Dakota National Bank climbed from 154th to 72nd among 500 US banks between and (1 = highest; FDIC Call Reports).
- First Dakota National Bank reports one of the lowest net charge-offs to average loans readings among banks of $1 bn to $10 bn: 0.00% at , where the median of the 339 banks is 0.06% (FDIC Call Reports).
What sets First Dakota National Bank apart
How large is First Dakota National Bank?
The balance sheet of First Dakota National Bank at : assets $3.4 bn, deposits $3.0 bn, net loans $2.8 bn (loans equal to 95.95% of deposits). Securities make up 9.1% of total assets at First Dakota National Bank. Since , when First Dakota National Bank held $1.3 bn, its assets grew 158.1%. In the year to , deposits at First Dakota National Bank rose 8.1% while its total assets rose 10.8%. At , First Dakota National Bank employed 367 full-time equivalent staff across 17 offices, about $9.2 mn of assets per employee and $174.1 mn of deposits per office.
How much funding at First Dakota National Bank is uninsured?
At First Dakota National Bank, uninsured deposits (above the FDIC limit) made up 32.75% of domestic deposits at (+1.85 pp on a year earlier); First Dakota National Bank ranks 274th of 500 on this measure. In dollars, First Dakota National Bank estimated $969.5 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.0 bn | +8.1% | 360th of 499 |
| Net loans and leases | $2.8 bn | +12.0% | 328th of 500 |
| Loan-to-deposit ratio | 95.95% | +3.31 pp | 94th of 500 |
| Net interest margin | 4.03% | +0.31 pp | 130th of 500 |
| Return on assets (ROA) | 1.68% | +0.42 pp | 104th of 500 |
| Efficiency ratio | 54.51% | -2.41 pp | 216th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $27.6 mn | Narrowed by $5.9 mn | |
| Noncurrent loans to total loans | 0.30% | -0.09 pp | 111th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | +0.02 pp | 39th of 500 (1 = lowest) |
US rank of First Dakota National Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First Dakota National Bank: assets, deposits and loans
- Total assets $3.4bn
- Deposits $3.0bn
- Net loans $2.8bn
Capital and securities
First Dakota National Bank uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 10.40% in . Equity capital of First Dakota National Bank at : $333.0 mn, or 9.8% of total assets.
The available-for-sale portfolio of First Dakota National Bank showed an unrealized loss of $27.6 mn at ; the loss narrowed by $5.9 mn over the year.
First Dakota National Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 10%
First Dakota National Bank: unrealized securities gains and losses
- Available for sale -$28mn
- Held to maturity $0
Profitability and loan quality
For the year to , First Dakota National Bank earned a return on equity of 17.36%; return on assets: 1.68%. Net interest margin at First Dakota National Bank: 4.03%, +0.31 pp in a year. First Dakota National Bank net income: $27.8 mn, up 47.2% year on year. The efficiency ratio of First Dakota National Bank was 54.51%: about 55 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.30% of total loans at First Dakota National Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at First Dakota National Bank: $2.9 bn, up 11.8% in a year.
First Dakota National Bank: profitability
- Return on equity 17%
- Net interest margin 4.0%
- Return on assets 1.7%
Peer group of First Dakota National Bank
The peer group of First Dakota National Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of First Dakota National Bank (national bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in South Dakota. Against them, First Dakota National Bank shows return on equity 17.36% against a peer median of 13.50% and uninsured deposit share 32.75% against a peer median of 31.19%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bankwell Bank | State nonmember bank | CT | $3.5 bn | 11.67% | 15.51% | 39.67% | |
| First Carolina Bank | State nonmember bank | NC | $3.4 bn | 12.88% | 6.19% | 17.72% | |
| Northrim Bank | State nonmember bank | AK | $3.4 bn | 12.38% | 17.64% | 38.94% | |
| First Dakota National Bank | National bank | SD | $3.4 bn | not reported | 17.36% | 32.75% | |
| Northern Bank & Trust Company | State nonmember bank | MA | $3.4 bn | 15.30% | 13.22% | 33.00% | |
| Banterra Bank | State nonmember bank | IL | $3.4 bn | 9.85% | 13.79% | 19.06% | |
| Lake Ridge Bank | State nonmember bank | WI | $3.4 bn | 11.97% | 10.11% | 29.38% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Dakota National Bank, to : assets +16.8%, deposits +13.1%, equity +23.7%. Staff 354 to 367.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.9 bn | $2.9 bn | $3.0 bn | $3.1 bn | $3.1 bn | $3.2 bn | $3.3 bn | $3.4 bn |
| Total deposits | $2.6 bn | $2.6 bn | $2.7 bn | $2.7 bn | $2.8 bn | $2.8 bn | $3.0 bn | $3.0 bn |
| Bank equity capital | $269.2 mn | $267.9 mn | $280.2 mn | $291.0 mn | $304.9 mn | $307.9 mn | $319.1 mn | $333.0 mn |
| CET1 ratio | 11.23% | 11.02% | 11.16% | 11.07% | 11.11% | 10.87% | 11.04% | not reported |
| Return on equity (ROE) | 11.87% | 12.73% | 12.63% | 13.50% | 14.02% | 14.60% | 15.54% | 17.36% |
| Uninsured share of domestic deposits | 31.06% | 32.80% | 32.49% | 30.91% | 31.04% | 32.81% | 31.77% | 32.75% |
| Full-time equivalent employees | 354 | 355 | 355 | 356 | 357 | 371 | 364 | 367 |
| Number of offices | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First Dakota National Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Dakota State Bank (FDIC certificate 1682).
Questions and identifiers
What were the total assets of First Dakota National Bank?
First Dakota National Bank reported $3.4 bn at in its Call Report. That makes First Dakota National Bank the 373rd largest of 497 banks in our US coverage.
Is First Dakota National Bank the same as its holding company?
No. This page covers First Dakota National Bank, FDIC certificate 4028; FIRST DAKOTA FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First Dakota National Bank profitable?
First Dakota National Bank reported net income of $27.8 mn for the year to ; annualized return on equity: 17.36%. So yes: First Dakota National Bank made a profit over these months.
When is data for First Dakota National Bank next updated?
Figures from First Dakota National Bank for are due after .
Where can I check the figures for First Dakota National Bank?
In the FDIC BankFind Suite record for certificate 4028, and in the Call Reports of First Dakota National Bank (RSSD ID 441256) at the FFIEC Central Data Repository.