Question 1

Which South Dakota banks have the most non-performing multifamily real estate?

Accepted Answer

1. CITIBANK, N.A. (SD) — 2.32% NPL; 2. WELLS FARGO BANK, NATIONAL ASSOCIATION (SD) — 1.90% NPL; 3. BANCORP BANK NATIONAL ASSOCIATION, THE (SD) — 1.66% NPL; 4. BANKWEST, INCORPORATED (SD) — 0.47% NPL; 5. DACOTAH BANK (SD) — 0.23% NPL

Question 2

How large is the multifamily real estate market for South Dakota banks?

Accepted Answer

As of Q2 2025, 36 South Dakota banks report multifamily real estate portfolios totaling $35.1B. Non-performing loans in this category total $668.5M — an average NPL ratio of 1.90% — with $18.3M 30-89 days delinquent, $82.0M 90+ days delinquent, and $586.5M in nonaccrual status.

South Dakota Multifamily Real Estate

Delinquency Breakdown

Banks by NPL Ratio

Top Distressed Banks - Multifamily Real Estate in South Dakota

Multifamily Real Estate in Other States

BankProspector

Platform

Company

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Bank Name	State	Portfolio	NPL	NPL %
CITIBANK, N.A.	SD	$8.1B	$188.0M	2.32%
WELLS FARGO BANK, NATIONAL ASSOCIATION	SD	$23.3B	$443.0M	1.90%
BANCORP BANK NATIONAL ASSOCIATION, THE	SD	$2.2B	$36.7M	1.66%
BANKWEST, INCORPORATED	SD	$75.9M	$355K	0.47%
DACOTAH BANK	SD	$180.7M	$423K	0.23%