First Bank & Trust
First Bank & Trust is one of South Dakota's largest family- and employee-owned banks with a 100-year legacy of service in the Brookings community. Founded in 1925, the institution operates 22 locations across South Dakota and Minnesota, offering comprehensive financial services including checking, savings, mortgages, and investment products.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (16 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First Bank & Trust ranks #151 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First Bank & Trust’s 7(a) acquisition lending falls in the $0-$500K range: 7 loans, 43.8% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 7 | 43.8% | |
| $500K-$1M | 6 | 37.5% | |
| $1M-$2M | 2 | 12.5% | |
| $2M-$3M | 1 | 6.3% |
Industries with highest loan volume
Limited-Service Restaurants
4
loans
$878K
avg. amount
Beer, Wine, and Liquor Retailers
3
loans
$1.1M
avg. amount
Coin-Operated Laundries and Drycleaners
2
loans
$705K
avg. amount
Other Building Material Dealers
1
loans
$866K
avg. amount
Janitorial Services
1
loans
$487K
avg. amount
Funeral Homes and Funeral Services
1
loans
$813K
avg. amount
Hardware Retailers
1
loans
$784K
avg. amount
All Other Miscellaneous Retailers
1
loans
$870K
avg. amount
All Other Amusement and Recreation Industries
1
loans
$38K
avg. amount
Independent Artists, Writers, and Performers
1
loans
$380K
avg. amount
10-Year
3.3%
Percentile Ranking
93th
93th percentile
First Bank & Trust’s median variable rate is + 1.55%, against a market median of Prime + 1.88%, 32 below market.
3 of the 16 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.10% |
| $500K-$1M | Prime + 1.25% |
| $1M-$2M | Prime + 1.45% |
| $2M-$3M | Prime + 1.00% |
over at time of loan origination
First Bank & Trust has originated 7(a) acquisition loans in 3 states, most actively in South Dakota (8), Minnesota (7) and Nebraska (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| South Dakota | 8 | 50.0% |
| Minnesota | 7 | 43.8% |
| Nebraska | 1 | 6.3% |
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