Lincoln County, South Dakota, a core county of the Sioux Falls, SD-MN market, holds $531.7B in deposits across 26 insured institutions and 37 branches. Citibank, National Association is the largest deposit holder at 98.2% share. The top three institutions hold 99.7% of deposits, which places the county in the concentrated band. Deposits have grown 32.3% since 2020 while the branch count rose by 23.3%. It produces $6.6B of output, ranking #497 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 30 in 2020 to 37 in 2025. Institutions: 21 to 26. Top-three share: 99.7% to 99.7%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Citibank | $522.3B | 98.2% | +33% |
| Pathward | $6.0B | 1.1% | -21% |
| Sunrise Banks | $1.5B | 0.3% | no 2020 presence |
| Wells Fargo Bank | $238M | 0.0% | +7% |
| The First National Bank in Sioux Falls | $227M | 0.0% | +110% |
| Central Bank | $161M | 0.0% | +149% |
| American Bank & Trust | $133M | 0.0% | no 2020 presence |
| First Dakota National Bank | $114M | 0.0% | +25% |
| First Bank & Trust | $114M | 0.0% | no 2020 presence |
| Reliabank Dakota | $99M | 0.0% | +185% |
| Minnwest Bank | $98M | 0.0% | +26% |
| First Interstate Bank | $93M | 0.0% | -13% |
| U.S. Bank | $80M | 0.0% | +165% |
| First PREMIER Bank | $71M | 0.0% | +60% |
| Farmers State Bank of Canton | $66M | 0.0% | +56% |
| Security National Bank of South Dakota | $65M | 0.0% | +3% |
| Security Savings Bank | $62M | 0.0% | +20% |
| American State Bank | $56M | 0.0% | no 2020 presence |
| Quoin Financial Bank | $55M | 0.0% | +102% |
| Cornerstone Bank | $40M | 0.0% | no 2020 presence |
| Premier Bank | $27M | 0.0% | +15% |
| Dacotah Bank | $27M | 0.0% | -1% |
| First Savings Bank | $23M | 0.0% | no 2020 presence |
| JPMorgan Chase Bank | $15M | 0.0% | no 2020 presence |
| Security Bank Midwest | $14M | 0.0% | no 2020 presence |
| CorTrust Bank | $9M | 0.0% | no 2020 presence |
The 26 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Sioux Falls market
Lincoln County is one of 5 counties that make up the Sioux Falls, SD-MN market, a Metropolitan Statistical Area (ranked #114 of 293 U.S. markets by economic output). It produces 26.5% of the market’s output and holds 59.5% of its deposits.
| Measure | Lincoln County | Share of parent market |
|---|---|---|
| 2024 GDP | $6.6B | 26.5% |
| Deposits | $531.7B | 59.5% |
| Population | 77,145 | 24.5% |
View the full Sioux Falls market profile →
Recruiting in Lincoln County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Lincoln County.
See how we help banks recruit commercial banking talent