The First National Bank in Sioux Falls
A local, family-owned bank established in 1885, serving Sioux Falls and surrounding South Dakota communities. Operating 18 branches with a commitment to personal and business banking, agribusiness, and mortgage services. Built on core FIRST Values and a 130+ year foundation in community relationships.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (11 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
The First National Bank in Sioux Falls ranks #330 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of The First National Bank in Sioux Falls’s 7(a) acquisition lending falls in the $0-$500K range: 8 loans, 72.7% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 8 | 72.7% | |
| $500K-$1M | 1 | 9.1% | |
| $2M-$3M | 2 | 18.2% |
Industries with highest loan volume
Poured Concrete Foundation and Structure Contractors
2
loans
$2.1M
avg. amount
Used Merchandise Retailers
1
loans
$500K
avg. amount
Residential Remodelers
1
loans
$480K
avg. amount
General Automotive Repair
1
loans
$468K
avg. amount
All Other Specialty Trade Contractors
1
loans
$148K
avg. amount
Painting and Wall Covering Contractors
1
loans
$262K
avg. amount
Limited-Service Restaurants
1
loans
$648K
avg. amount
Collection Agencies
1
loans
$60K
avg. amount
Other Building Equipment Contractors
1
loans
$500K
avg. amount
Sports and Recreation Instruction
1
loans
$350K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
The First National Bank in Sioux Falls’s median variable rate is + 0.45%, against a market median of Prime + 1.88%, 143 below market.
9 of the 11 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $500K-$1M | Prime + 0.45% |
over at time of loan origination
The First National Bank in Sioux Falls has originated 7(a) acquisition loans in 2 states, most actively in South Dakota (10) and Nebraska (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| South Dakota | 10 | 90.9% |
| Nebraska | 1 | 9.1% |
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