Investor CRE · SD

Investor CRE lenders in South Dakota

85 lenders with an office in South Dakota hold non-owner-occupied commercial real estate loans on their books. Wells Fargo Bank, National Association, based in South Dakota, holds the largest book among those based here, at $64.8B.

Evidence
Lender holds non-owner-occupied commercial real estate 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
85
FDIC call report,
Based here
57
FDIC call report,
Held by those based here
$78.6B
FDIC call report,
+3.4% from a year earlier, 56 of 57 lenders
Median book, based here
$15.1M
FDIC call report,

Cite this

Source: The Lender Report, Investor CRE lenders in South Dakota, https://lender.report/investor-cre-lenders/south-dakota/, data as of June 30, 2026.

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Lenders based in South Dakota, by book held. First 20 of 57.
LenderKindBased inOffices hereHoldsGrowth, 12 months
Wells Fargo Bank, National AssociationBankSioux Falls, SD30$64.8B+4.5%
Citibank, National AssociationBankSioux Falls, SD2$8.94B
Dacotah BankBankAberdeen, SD21$649M+8.7%
First Dakota National BankBankYankton, SD17$565M+20.9%
First Bank & TrustBankBrookings, SD15$516M
First Savings BankSavingsBeresford, SD11$454M+2.5%
Sunrise Banks, National AssociationBankSioux Falls, SD2$443M+10.6%
First National BankBankFort Pierre, SD13$400M
American Bank & TrustBankSioux Falls, SD18$287M+5.8%
CorTrust Bank National AssociationBankMitchell, SD21$198M
BankWest, Inc.BankPierre, SD22$180M+4.9%
Plains Commerce BankBankSioux Falls, SD8$167M+7.6%
The Bancorp Bank, National AssociationBankSioux Falls, SD1$128M
Black Hills Community Bank, N.A.BankRapid City, SD2$90.6M+4.1%
The First National Bank in Sioux FallsBankSioux Falls, SD19$87.0M+8.9%
Reliabank DakotaBankEstelline, SD10$72.8M+10.5%
First National BankBankOldham, SD2$68.0M+1.6%
First PREMIER BankBankSioux Falls, SD13$67.8M
Black Hills Credit UnionCredit unionRapid City, SD19$55.8M
Pioneer Bank & TrustBankBelle Fourche, SD7$55.3M+8.3%
FDIC call report,

See all 85 investor CRE lenders in South Dakota in Loan Comps

Based elsewhere, with offices in South Dakota. First 10 of 28.
LenderKindBased inOffices hereHolds, nationwide
JPMorgan Chase Bank, National AssociationBankColumbus, OH4$39.4B
U.S. Bank National AssociationBankCincinnati, OH9$17.9B
BMO Bank National AssociationBankChicago, IL7$13.0B
First Interstate BankBankBillings, MT46$3.48B
First National Bank of OmahaBankOmaha, NE3$2.01B
First International Bank & TrustBankWatford City, ND1$763M
Central BankBankStorm Lake, IA6$385M
Minnwest BankBankRedwood Falls, MN6$285M
Security First BankBankLincoln, NE4$270M
Frandsen Bank & TrustBankLonsdale, MN1$267M
FDIC call report,
  • 57 of these lenders are based in South Dakota, and 28 are based elsewhere with offices here. FDIC call report,
  • These lenders: 69 banks, 3 savings institutions and 13 credit unions. FDIC call report,
  • Lenders based in South Dakota hold $78.6B of non-owner-occupied commercial real estate loans, up 3.4% from a year earlier among the 56 of 57 with a comparable earlier filing. FDIC call report,
  • The five largest books based here hold 96.1% of that total. FDIC call report,
  • Wells Fargo Bank, National Association holds $64.8B, and Citibank, National Association holds $8.9B. FDIC call report,
  • The median book among lenders based in South Dakota is $15.1M. FDIC call report,
  • 14 lenders based here grew this book by 10% or more in the year to June 30, 2026. FDIC call report,
  • 13 lenders based here hold $100M or more of it. FDIC call report,
  • These lenders list 478 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 $406K. NCUA 5300,
  • Merchants State Bank grew this book the most in the year, up 81.4% to $9.7M. FDIC call report,

How this list is defined

Measure
non-owner-occupied commercial real estate loans held by lenders with an office in South Dakota
Period
June 30, 2026
Formula
The balance of non-owner-occupied commercial real estate 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
Changelog
  • : First published, with the data built on this date.

Non-owner-occupied commercial real estate is property the borrower rents to others: office, retail, industrial and the like. Call reports do not say which.

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 non-owner-occupied commercial real estate 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.