Farm and Ag · SD
Farm and Ag lenders in South Dakota
89 lenders with an office in South Dakota hold farmland loans on their books. Wells Fargo Bank, National Association, based in South Dakota, holds the largest book among those based here, at $838M.
- Evidence
- Lender holds farmland loans on its books at the latest filing and has an office in South Dakota
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Lenders with an office here
- 89
- FDIC call report,
- Based here
- 62
- FDIC call report,
- Held by those based here
- $4.39B
- FDIC call report,
- +5.0% from a year earlier, 60 of 62 lenders
- Median book, based here
- $24.0M
- FDIC call report,
Cite this
Source: The Lender Report, Farm and Ag lenders in South Dakota, https://lender.report/farm-lenders/south-dakota/, data as of June 30, 2026.
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| Lender | Kind | Based in | Offices here | Holds | Growth, 12 months |
|---|---|---|---|---|---|
| Wells Fargo Bank, National Association | Bank | Sioux Falls, SD | 30 | $838M | +14.8% |
| Dacotah Bank | Bank | Aberdeen, SD | 21 | $657M | +2.9% |
| First Dakota National Bank | Bank | Yankton, SD | 17 | $520M | +10.1% |
| BankWest, Inc. | Bank | Pierre, SD | 22 | $245M | +3.8% |
| First Bank & Trust | Bank | Brookings, SD | 15 | $241M | |
| The First National Bank in Sioux Falls | Bank | Sioux Falls, SD | 19 | $206M | |
| Security Savings Bank | Bank | Canton, SD | 2 | $165M | +4.5% |
| American Bank & Trust | Bank | Sioux Falls, SD | 18 | $123M | +9.3% |
| First Fidelity Bank | Bank | Burke, SD | 11 | $110M | +8.8% |
| First National Bank | Bank | Fort Pierre, SD | 13 | $88.2M | |
| Merchants State Bank | Bank | Freeman, SD | 4 | $72.6M | +2.7% |
| First Savings Bank | Savings | Beresford, SD | 11 | $71.4M | +15.4% |
| Plains Commerce Bank | Bank | Sioux Falls, SD | 8 | $70.7M | +13.7% |
| Rivers Edge Bank | Bank | Marion, SD | 4 | $68.4M | +12.8% |
| CorTrust Bank National Association | Bank | Mitchell, SD | 21 | $67.1M | |
| First National Bank in Philip | Bank | Philip, SD | 2 | $62.7M | |
| First PREMIER Bank | Bank | Sioux Falls, SD | 13 | $57.1M | |
| Security Bank Midwest | Bank | Tyndall, SD | 4 | $57.0M | |
| Farmers State Bank | Bank | Parkston, SD | 3 | $56.9M | +11.0% |
| Quoin Financial Bank | Bank | Miller, SD | 3 | $52.5M | +5.0% |
See all 89 farm and ag lenders in South Dakota in Loan Comps
| Lender | Kind | Based in | Offices here | Holds, nationwide |
|---|---|---|---|---|
| U.S. Bank National Association | Bank | Cincinnati, OH | 9 | $629M |
| First Interstate Bank | Bank | Billings, MT | 46 | $592M |
| BMO Bank National Association | Bank | Chicago, IL | 7 | $483M |
| First National Bank of Omaha | Bank | Omaha, NE | 3 | $384M |
| Minnwest Bank | Bank | Redwood Falls, MN | 6 | $296M |
| First International Bank & Trust | Bank | Watford City, ND | 1 | $288M |
| Dakota Community Bank & Trust, National Association | Bank | Hebron, ND | 1 | $263M |
| American State Bank | Bank | Sioux Center, IA | 1 | $244M |
| Frandsen Bank & Trust | Bank | Lonsdale, MN | 1 | $214M |
| Elkhorn Valley Bank & Trust | Bank | Norfolk, NE | 1 | $198M |
- 62 of these lenders are based in South Dakota, and 27 are based elsewhere with offices here. FDIC call report,
- These lenders: 75 banks, 3 savings institutions and 11 credit unions. FDIC call report,
- Lenders based in South Dakota hold $4.4B of farmland loans, up 5.0% from a year earlier among the 60 of 62 with a comparable earlier filing. FDIC call report,
- The five largest books based here hold 56.9% of that total. FDIC call report,
- Wells Fargo Bank, National Association holds $838M, and Dacotah Bank holds $657.3M. FDIC call report,
- The median book among lenders based in South Dakota is $24M. FDIC call report,
- 22 lenders based here grew this book by 10% or more in the year to June 30, 2026. FDIC call report,
- 9 lenders based here hold $100M or more of it. FDIC call report,
- These lenders list 498 offices in South Dakota. FDIC office list,
- First Interstate Bank, based in Montana, lists the most offices here among out-of-state lenders, at 46. FDIC office list,
- Among credit unions here, the median average loan in this category is $187K. NCUA 5300,
- Ipswich State Bank grew this book the most in the year, up 27.0% to $10.1M. FDIC call report,
How this list is defined
- Measure
- farmland loans held by lenders with an office in South Dakota
- Period
- June 30, 2026
- Formula
- The balance of farmland loans on the lender's June 30, 2026 filing, for a lender with an office in South Dakota. A balance held, not loans made.
- Order
- Largest first by the book held at the latest filing, then name. Payment is not part of the order.
- As of
- June 30, 2026
- Source
- FDIC call report
- Changelog
- : First published, with the data built on this date.
Farmland loans are secured by agricultural land. Call reports show them separately from operating loans to farms.
Call reports give one balance per institution, not by state, and they carry balances, not loans made. The figure shown is the whole institution's book.
Growth appears only where a book grew over the 12 months. Each lender's own page has its full record.
A lender counts here if it holds farmland loans on its books at the latest filing and has an office in South Dakota. Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.