First Bank & Trust: how it compares with its peers
Against 356 U.S. banks with half to twice its assets, First Bank & Trust's strongest measure in Q2 2026 is net interest margin (3.76% vs. a 3.66% peer median). Its weakest relative measure is assets per employee ($6.7M vs. $9.5M).
| Measure | First Bank & Trust | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.31% | 1.30% | Middle third Ahead of 51% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.76% | 3.66% | Middle third Ahead of 56% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.97% | 56.66% | Middle third Ahead of 39% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.7M | $9.5M | Bottom third Ahead of 14% of peers |
| Loans to deposits Net loans and leases over total deposits. | 84.62% | 88.61% | Context |
What it means for lending operations
Its efficiency ratio of 58.97% is above the 56.66% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Wheaton Bank & Trust, National Association Wheaton, IL · $4.79B
- Hills Bank and Trust Company Hills, IA · $4.79B
- Carter Bank & Trust Martinsville, VA · $4.80B
- Bar Harbor Bank & Trust Bar Harbor, ME · $4.73B
- Town Bank, National Association Hartland, WI · $4.71B
Questions about First Bank & Trust
How big is First Bank & Trust?
First Bank & Trust, established in 1925, is headquartered in Brookings, SD. It reported $4.78B in total assets in its Q2 2026 FDIC call report and operates 22 offices.
What is First Bank & Trust's return on assets?
1.31% annualized in Q2 2026, against a 1.30% median for 356 U.S. banks with half to twice its assets, ahead of 51% of them.
What is First Bank & Trust's efficiency ratio?
58.97% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 56.66%, and lower is better.
Is First Bank & Trust growing its loans?
Net loans grew 2.5% over the year to Q2 2026, while deposits grew 2.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every South Dakota bank ranked.