First Savings Bank
FDIC #32629
📍 Beresford, South Dakota
First Savings Bank is a savings bank, state charter, supervised by the fdic. established in January 1, 1989. With assets of $1.36 Billion, it operates 24 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 3, 2021
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
May 3, 2021
Outstanding
August 17, 2015
Satisfactory
July 9, 2012
Satisfactory
💰 Financial Strength
Total Assets$1.36 Billion
Total Deposits$1.10 Billion
Equity Capital$206.17 Million
Net Income$14.60 Million
📈 Performance
ROA1.42%
ROE9.45%
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
EstablishedJanuary 1, 1989
FDIC Cert32629
Holding CoFarrar Beresford Bcorp Irrevocable Tr
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredNo
🕰️ Lobby Hours
Monday8:30 AM - 4:30 PM
Tuesday8:30 AM - 4:30 PM
Wednesday8:30 AM - 4:30 PM
Thursday8:30 AM - 4:30 PM
Friday8:30 AM - 4:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2019
Merger / Acquisition
Acquired: Western Bank
2018
Merger / Acquisition
Acquired: The Roberts County National Bank Of Sisseton
2002
Name Change
Name became: Changed Institution Name To First Savings Bank.
2002
Relocation
Moved HQ to: 201 North Third Street, Beresford, SD 57004.
1996
Merger / Acquisition
Acquired: Sun World Federal Savings Bank