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Distressed Note Industry
South Dakota Agricultural Loans
Analyzing agricultural loans loan performance across 106 South Dakota banks
As of Q2 2025, 106 South Dakota banks report agricultural loans portfolios totaling $8.2B. Non-performing loans in this category total $112.4M — an average NPL ratio of 1.36% — with $47.8M 30-89 days delinquent, $21.2M 90+ days delinquent, and $91.2M in nonaccrual status. The most distressed lender in this category is BANKWEST, INCORPORATED (SD) with an NPL ratio of 7.70%.
Total Lenders
106
Total Loan Portfolio
$8.2B
Total NPL
$112.4M
Average NPL %
1.36%
Delinquency Breakdown
30-89 Days
$47.8M
90+ Days
$21.2M
Nonaccrual
$91.2M
Charge-offs
$1.3M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Agricultural Loans in South Dakota
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| BANKWEST, INCORPORATED | SD | $236.4M | $18.2M | 7.70% |
| BANKWEST, INCORPORATED | SD | $236.4M | $18.2M | 7.70% |
| DACOTAH BANK | SD | $638.7M | $33.5M | 5.25% |
| DACOTAH BANK | SD | $638.7M | $33.5M | 5.25% |
| FARMERS AND MERCHANTS STATE BANK, THE | SD | $1.6M | $57K | 3.68% |
| FARMERS AND MERCHANTS STATE BANK, THE | SD | $1.6M | $57K | 3.68% |
| RELIABANK DAKOTA | SD | $42.7M | $1.1M | 2.58% |
| RELIABANK DAKOTA | SD | $42.7M | $1.1M | 2.58% |
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Agricultural Loans in Other States
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District of Columbia
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