2026 Rankings

Best Banks in South Dakota

50 banks in South Dakota ranked by our TFS Financial Health Grade. Scores based on capital adequacy, asset quality, earnings, and consumer protection data.

Rank	Institution	City	Assets	Score	Grade
1	First State Bank of Roscoe	Roscoe	$146.8M	81.3	B-
2	Farmers and Merchants State Bank	Plankinton	$181.8M	80.7	B-
3	Ipswich State Bank	Ipswich	$75.1M	80.4	B-
4	Heartland State Bank	Redfield	$154.7M	79.5	C+
5	American Bank & Trust	Sioux Falls	$2.1B	79.1	C+
6	First National Bank in Philip	Philip	$503.6M	79.0	C+
7	The Security State Bank	Emery	$61.1M	78.8	C+
8	Richland State Bank	Bruce	$44.1M	78.8	C+
9	Great Plains Bank	Eureka	$154.5M	78.5	C+
10	First Savings Bank	Beresford	$1.5B	77.5	C+
11	Pioneer Bank & Trust	Belle Fourche	$1.0B	77.2	C+
12	First PREMIER Bank	Sioux Falls	$4.2B	77.0	C
13	The First National Bank in Sioux Falls	Sioux Falls	$2.1B	76.0	C
14	First Fidelity Bank	Burke	$704.1M	75.8	C
15	Merchants State Bank	Freeman	$221.5M	75.8	C
16	BankStar Financial	Elkton	$350.4M	75.7	C
17	First Dakota National Bank	Yankton	$3.2B	75.1	C
18	Rivers Edge Bank	Marion	$337.3M	74.8	C
19	First National Bank	Oldham	$462.5M	74.4	C
20	Wells Fargo Bank, National Association	Sioux Falls	$1822.7B	74.0	C
21	Andes State Bank	Lake Andes	$27.9M	73.9	C
22	Reliabank Dakota	Estelline	$771.5M	73.5	C
23	Quoin Financial Bank	Miller	$241.5M	73.5	C
24	Campbell County Bank, Inc.	Herreid	$237.7M	73.2	C
25	The Bancorp Bank, National Association	Sioux Falls	$9.3B	72.9	C-
26	First National Bank	Fort Pierre	$2.1B	72.9	C-
27	1st Financial Bank USA	Dakota Dunes	$1.3B	72.7	C-
28	Security Savings Bank	Canton	$532.8M	71.3	C-
29	Dacotah Bank	Aberdeen	$4.8B	71.2	C-
30	Black Hills Community Bank, N.A.	Rapid City	$491.9M	71.0	C-
31	Pathward, National Association	Sioux Falls	$7.6B	70.7	C-
32	Security National Bank of South Dakota	Dakota Dunes	$238.2M	70.3	C-
33	DNB NATIONAL BANK	Clear Lake	$116.8M	70.3	C-
34	Frontier Bank	Sioux Falls	$341.9M	69.5	D+
35	CorTrust Bank National Association	Mitchell	$1.5B	69.4	D+
36	Bryant State Bank	Bryant	$54.2M	68.8	D+
37	Commercial State Bank, of Wagner	Wagner	$255.4M	68.5	D+
38	Farmers State Bank of Canton	Canton	$82.5M	67.9	D+
39	BankWest, Inc.	Pierre	$1.9B	67.3	D+
40	State Bank of Eagle Butte	Eagle Butte	$86.3M	66.4	D
41	First Bank & Trust	Brookings	$4.7B	66.3	D
42	The Farmers State Bank of Turton	Turton	$38.8M	65.5	D
43	Community Bank	Avon	$68.8M	65.5	D
44	First Western Federal Savings Bank	Rapid City	$66.7M	64.9	D
45	Citizens State Bank, of Arlington	Arlington	$150.6M	64.1	D
46	Farmers State Bank	Parkston	$250.7M	62.8	D-
47	Security Bank Midwest	Tyndall	$328.3M	62.5	D-
48	Plains Commerce Bank	Sioux Falls	$1.3B	62.2	D-
49	Citibank, National Association	Sioux Falls	$1836.4B	61.8	D-
50	Western Dakota Bank	Timber Lake	$85.9M	60.4	D-

Rankings based on TFS Financial Health Grades, calculated from FDIC quarterly financial data. Scores reflect capital adequacy, asset quality, earnings, liquidity, growth, and consumer protection metrics.Learn about our methodology

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