SBA lender profile
First Bank & Trust
First Bank & Trust appears in the public SBA loan data with 196 funded 7(a) loans totaling $147.2M, an average of $751K per loan, and an estimated 3,184 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 1.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
196
Total volume
$147.2M
Average loan size
$751K
Charge-off rate
1.0%
Share of funded loans charged off
Jobs supported (reported)
3,184
Programs
7(a)
Bank profile
via FDIC- Total assets
- $20M
- Headquarters
- Shamrock, TX
- FDIC cert
- #12683
- Status
- Inactive
Where First Bank & Trust lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 108 | $87.6M |
| South Dakota | 74 | $49.0M |
| Iowa | 6 | $6.6M |
| Nebraska | 5 | $2.6M |
| Wisconsin | 3 | $1.4M |
What First Bank & Trust funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 25 | $23.5M |
| Other Services | 31 | $23.1M |
| Health Care and Social Assistance | 25 | $22.2M |
| Accommodation and Food Services | 28 | $19.2M |
| Construction | 19 | $11.4M |
| Arts, Entertainment, Recreation | 12 | $9.1M |
First Bank & Trust SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 5 | $3.8M |
| 2022 | 28 | $28.0M |
| 2023 | 39 | $48.7M |
| 2024 | 47 | $20.1M |
| 2025 | 64 | $39.1M |
| 2026 | 13 | $7.5M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First Bank & Trust's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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