SBA lender profile
The First National Bank in Sioux Falls
The First National Bank in Sioux Falls appears in the public SBA loan data with 121 funded 7(a) loans totaling $35.0M, an average of $290K per loan, and an estimated 927 jobs supported. Its SBA lending concentrates in South Dakota and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 2.5%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
121
Total volume
$35.0M
Average loan size
$290K
Charge-off rate
2.5%
Share of funded loans charged off
Jobs supported (reported)
927
Programs
7(a)
Bank profile
via FDIC- Total assets
- $2.1B
- Headquarters
- Sioux Falls, SD
- FDIC cert
- #4016
- Status
- Active
Where The First National Bank in Sioux Falls lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| South Dakota | 114 | $32.7M |
| Minnesota | 5 | $1.3M |
| Iowa | 1 | $550K |
| Nebraska | 1 | $500K |
What The First National Bank in Sioux Falls funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 29 | $12.8M |
| Construction | 17 | $7.8M |
| Retail Trade | 15 | $3.6M |
| Other Services | 18 | $2.9M |
| Arts, Entertainment, Recreation | 5 | $1.7M |
| Health Care and Social Assistance | 7 | $1.2M |
The First National Bank in Sioux Falls SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 27 | $5.2M |
| 2021 | 21 | $3.5M |
| 2022 | 9 | $1.6M |
| 2023 | 6 | $1.1M |
| 2024 | 28 | $9.7M |
| 2025 | 23 | $11.5M |
| 2026 | 7 | $2.4M |
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 The First National Bank in Sioux Falls'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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