This institution is no longer active

Operations ceased on November 1, 1997. CRA examination history below reflects the period it was active.

DAKOTA STATE BANK

MILBANK, SD · Supervised by FDIC

Est. 1938FDIC #15,627RSSD: FDIC-15627

Part ofDAKOTA CO INC→ View all charters

Outstanding Same

Current rating · Exam: July 1996

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Strong

ROA 1.52%

Institution Profile

FDIC BankFind

Address

301 South Main Street, MILBANK, SD

County

Grant County

Established

April 1, 1938

Total Assets

$81M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

July 1, 1996

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 29 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 1997Call Report / FDIC

Total Assets

$81M

Total Deposits

$67M

Net Loans

$48M

Net Income

$914K

ROA

1.52%

Above avg for Small banks. Peer avg: 0.44%

ROE

18.12%

Risk-Based Capital

12.81%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.52%Peer avg: 0.44%▲ Above avg

Risk-Based Capital12.81%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

Exam Date	Rating	Exam Type
Jul 1996	Outstanding	Small Bank
May 1994	Outstanding	Not Reported
Nov 1991	Outstanding	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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