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Lender record

First Bank & Trust

The real lending record — every figure from funded deals. HQ: 520 6th St, Brookings, SD. 22 branches.

196

Recent deals (FY20+)

$400K

Typical deal

9 days

Approval → funding

1.4%

Failure rate (FY20–23)

Where First Bank & Trust lends

Deals First Bank & Trust funded — list all 196 as text

Deal profile

Most First Bank & Trust deals land between $193K and $867K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Limited-Service Restaurants (11)
  2. 2.Full-Service Restaurants (8)
  3. 3.Fitness and Recreational Sports Centers (8)
  4. 4.Home Health Care Services (7)
  5. 5.Coin-Operated Laundries and Drycleaners (7)
  6. 6.Snack and Nonalcoholic Beverage Bars (7)
  7. 7.All Other Personal Services (6)
  8. 8.General Automotive Repair (5)

Most active states

  1. 1.Minnesota (108 deals)
  2. 2.South Dakota (74 deals)
  3. 3.Iowa (6 deals)
  4. 4.Nebraska (5 deals)
  5. 5.Wisconsin (3 deals)

Franchises they finance most

Subway

3 deals

Ziggi's Coffee

3 deals

Culligan

3 deals

Scooter's Coffee

2 deals

Tropical Smoothie Cafe

2 deals

Can First Bank & Trust fund you? The bank behind the loans

Total assets

$4.9B

▲ 3.7% vs prior quarter

Deposits on hand

$4.3B

▲ 4.2% vs prior quarter

Loans outstanding

$3.4B

▼ 0.2% vs prior quarter

Net income (latest qtr)

$15.6M

  • •SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes First Bank & Trust more SBA-focused than 55% of the banks on our record.
  • •Deposits grew last quarter — more raw lending capacity than the quarter before.
  • •Return on assets of 1.3% — above the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 03/2026.

Walk into a First Bank & Trust branch (22)

First Bank & TrustMain office520 6th StBrookings, SD 57006 · since 1925

New Prague Branch1101 1st St SeNew Prague, MN 56071 · since 1883

Pipestone Branch101 2nd St NwPipestone, MN 56164 · since 1889

Canton Branch402 E 5th StCanton, SD 57013 · since 1899

White Branch301 W Main StWhite, SD 57276 · since 1902

Cambridge Branch234 1st Ave ECambridge, MN 55008 · since 1916

Brookings Mall Branch700 22nd Ave SBrookings, SD 57006 · since 1964

Vermillion Branch20 E Main StVermillion, SD 57069 · since 1964

Sixth Street Branch2220 6th StBrookings, SD 57006 · since 1976

Princeton Branch209 S Rum River DrPrinceton, MN 55371 · since 1977

Toronto Branch445 Main AveToronto, SD 57268 · since 1980

East Bethel Branch21420 Aberdeen St NeCedar, MN 55011 · since 1980

First Bank & Trust Of Milbank Branch215 W 4th AveMilbank, SD 57252 · since 1986

Garretson Branch644 N Main AveGarretson, SD 57030 · since 2000

Watertown Branch1120 9th Ave SeWatertown, SD 57201 · since 2002

Walmart Branch2233 6th StBrookings, SD 57006 · since 2004

Madison Branch120 N Egan AveMadison, SD 57042 · since 2004

Edina Branch4901 77th St WEdina, MN 55435 · since 2005

Sioux Falls I-229 & 57th Street Branch2300 W 57th StSioux Falls, SD 57108 · since 2006

Roseville Branch1909 Highway 36 WRoseville, MN 55113 · since 2016

Dawley Farms Branch500 S Highline PlSioux Falls, SD 57110 · since 2017

Sioux Falls Branch110 N Minnesota AveSioux Falls, SD 57104 · since 2020

Scroll for all 22 branches · Branch data: FDIC BankFind.

Recent deals

  • LA ENTERPRISE INC in Volga, SD — $1.8M (2026) · purchase · Limited-Service Restaurants
  • THE SQUARE ON MAIN LLC in Sioux Falls, SD — $1.8M (2026) · Full-Service Restaurants
  • AGAPE CUP BURNSVILLE LLC in Burnsville, MN — $992K (2026) · Limited-Service Restaurants
  • GLOBAL REFRESHMENTS TECHNOLOGIES LLC in Canton, SD — $646K (2026) · Vending Machine Operators
  • BUFFALO RIDGE 55 HOLDINGS LLC in Buffalo, MN — $468K (2026) · Other Construction Material Merchant Wholesalers
  • CMA2 PROPERTIES LLC in Saint Paul, MN — $361K (2026) · Home Health Care Services
  • ICONIX NAILS CORPORATION in Champlin, MN — $349K (2026) · Nail Salons
  • EAST RIVER TACTICAL LLC in Watertown, SD — $334K (2026) · Other Miscellaneous Nondurable Goods Merchant Wholesalers
  • LA ENTERPRISE INC in Vermillion, SD — $308K (2026) · purchase · Limited-Service Restaurants
  • Lucky Pup Adventures LLC in Sioux Falls, SD — $231K (2026) · Pet and Pet Supplies Retailers

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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Failed deals

2 of First Bank & Trust's loans on record were charged off — the lender gave up collecting, which usually means the business failed. Each links to its full record.

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Businesses First Bank & Trust financed

164 businesses on record — the 60 largest by funding. Each links to its full SBA record.

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CapBench analysis of public lending records, FY2020–present. Not affiliated with First Bank & Trust.

Agent summary

This page summarizes First Bank & Trust's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

  • 196 SBA 7(a) loans on record
  • $400K typical deal
  • 39 business-acquisition loans
  • HQ: 520 6th St, Brookings, SD
  • 22 FDIC branch locations
  • FDIC total assets $4.9B

Next steps

Request an introRank lendersPre-qualify a deal
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/first-bank-trust
API:
https://www.capbench.com/api/public/lenders/first-bank-trust
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

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