The First National Bank in Sioux Falls: how it compares with its peers
Against 11 SD banks with half to twice its assets, The First National Bank in Sioux Falls's strongest measure in Q2 2026 is efficiency ratio (62.97% vs. a 63.21% peer median). Its weakest relative measure is net interest margin (3.56% vs. 4.01%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.15% | 1.34% | Middle third Ahead of 36% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.56% | 4.01% | Bottom third Ahead of 18% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.97% | 63.21% | Middle third Ahead of 55% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.6M | $7.6M | Middle third Ahead of 45% of peers |
| Loans to deposits Net loans and leases over total deposits. | 88.59% | 86.69% | Context |
What it means for lending operations
Its efficiency ratio of 62.97% is better than the 63.21% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- First National Bank Fort Pierre, SD · $2.03B
- American Bank & Trust Sioux Falls, SD · $2.25B
- BankWest, Inc. Pierre, SD · $1.93B
- First Savings Bank Beresford, SD · $1.59B
- CorTrust Bank National Association Mitchell, SD · $1.56B
Questions about The First National Bank in Sioux Falls
How big is The First National Bank in Sioux Falls?
The First National Bank in Sioux Falls, established in 1885, is headquartered in Sioux Falls, SD. It reported $2.12B in total assets in its Q2 2026 FDIC call report and operates 19 offices.
What is The First National Bank in Sioux Falls's return on assets?
1.15% annualized in Q2 2026, against a 1.34% median for 11 SD banks with half to twice its assets, ahead of 36% of them.
What is The First National Bank in Sioux Falls's efficiency ratio?
62.97% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 63.21%, and lower is better.
Is The First National Bank in Sioux Falls growing its loans?
Net loans grew 9.6% over the year to Q2 2026, while deposits grew 10.3%.
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 SD 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.