Dacotah Bank
FDIC #17437
📍 Aberdeen, South Dakota
Dacotah Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 04/30/1955. With assets of $3.93 Billion, it operates 33 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 27, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 27, 2023
Outstanding
August 17, 2020
Outstanding
July 17, 2017
Outstanding
💰 Financial Strength
Total Assets$3.93 Billion
Total Deposits$3.53 Billion
Equity Capital$351.05 Million
Net Income$18.83 Million
📈 Performance
ROA0.68%
ROE7.16%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established04/30/1955
FDIC Cert17437
Holding CoDacotah Banks Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2020
Merger / Acquisition
Acquired: First State Bank Of Claremont
2013
Merger / Acquisition
Acquired: United Farmers & Merchants State Bank
2005
Merger / Acquisition
Acquired: Dacotah Bank
2005
Merger / Acquisition
Acquired: Dacotah Bank - Valley City
2000
Merger / Acquisition
Acquired: First National Bank