Lincoln County, South Dakota, a core county of the Sioux Falls, SD-MN market, holds $647.5B in deposits across 26 insured institutions and 38 branches. Citibank is the largest deposit holder at 98.5% share. The top three banks hold 100% of deposits, which places the county in the Concentrated band. Deposits have grown 65.1% since 2021 while the branch count rose by 15.2%. It produced $6.6B of real gross domestic product in 2024, 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: 33 in 2021 to 38 in 2026. Institutions: 23 to 26. Top-three share: 100% to 100%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Citibank | $637.7B | 98.5% | +66% |
| Pathward | $6.0B | 0.9% | +1% |
| Sunrise Banks | $1.7B | 0.3% | no 2021 presence |
| The First National Bank in Sioux Falls | $246M | <0.1% | +76% |
| Wells Fargo Bank | $246M | <0.1% | -2% |
| Central Bank | $214M | <0.1% | +166% |
| First Dakota National Bank | $194M | <0.1% | +97% |
| American Bank & Trust | $159M | <0.1% | +116% |
| First Bank & Trust | $113M | <0.1% | +24% |
| First PREMIER Bank | $110M | <0.1% | +110% |
| Reliabank Dakota | $107M | <0.1% | +132% |
| Minnwest Bank | $92M | <0.1% | +12% |
| U.S. Bank | $92M | <0.1% | +1% |
| First Interstate Bank | $85M | <0.1% | -27% |
| Farmers State Bank of Canton | $68M | <0.1% | +46% |
| Security Savings Bank | $67M | <0.1% | -23% |
| Security National Bank of South Dakota | $65M | <0.1% | 0% |
| Quoin Financial Bank | $57M | <0.1% | +77% |
| American State Bank | $55M | <0.1% | no 2021 presence |
| Cornerstone Bank | $40M | <0.1% | no 2021 presence |
| Premier Bank | $29M | <0.1% | +8% |
| First Savings Bank | $28M | <0.1% | no 2021 presence |
| Dacotah Bank | $27M | <0.1% | -6% |
| JPMorgan Chase Bank | $22M | <0.1% | no 2021 presence |
| Security Bank Midwest | $20M | <0.1% | no 2021 presence |
| CorTrust Bank | $10M | <0.1% | no 2021 presence |
The 26 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 57.4% of its deposits.
| Measure | Lincoln County | Share of parent market |
|---|---|---|
| 2024 GDP | $6.6B | 26.5% |
| Deposits | $647.5B | 57.4% |
| 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.
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