PPP lender · derived table
First Bank & Trust
First Bank & Trust appears in the SBA PPP loan-level file with 4,042 loans and $273.8 million in approved dollars, an average of $67,738 a loan. That is 0.035% of the 11,468,171 loans in our per-lender totals (39 fewer than the 11,468,210 in the SBA file). This page combines 2 SBA lender records that share the name First Bank & Trust; they are 2 separate institutions, in 1 states (bank regulators’ 2020–21 call-report rosters). The figures on this page add those institutions together, so it does not rank them as one lender. Borrowers on those loans reported 32,646 jobs, 8.1 a loan, and $8,387 of approved dollars for each reported job. The archive was not searched for this name: it is a common bank name and a title match would not identify this lender.
Totals
| Loans | 4,042 |
| Approved dollars | $273,798,557.94 |
| Average loan | $67,738.39 |
| Share of program loans | 0.0352% |
| Rank by approved dollars | Not ranked: the name covers separate institutions |
| Rank by loan count | Not ranked: the name covers separate institutions |
| Jobs reported | 32,646 |
| Jobs per loan | 8.0767 |
| Approved dollars per reported job | $8,386.89 |
| Borrowers | 3,576 |
| Loans per borrower | 1.13 |
| Lender type (archive classification) | Community bank |
| Modeled processing fees | $12,795,052.98 |
| Modeled fees, 2020 first-draw loans | $6,660,007 |
| Modeled fees, 2021 first-draw loans | $2,412,063.76 |
| Modeled fees, 2021 second-draw loans | $3,722,982.22 |
| Modeled fee per loan | $3,165.53 |
| Rank by modeled fees | Not ranked: the name covers separate institutions |
The two banks named First Bank & Trust
SBA's file gives each loan an originating-lender location ID. Matching those IDs by name, state and city to bank regulators' 2020–21 call-report rosters assigns them to two banks, each with its own page. Loans, dollars, jobs and fees add up to the combined row. Borrowers do not: a borrower with loans from two of these banks counts once in the combined row and once at each bank.
| Bank (headquarters) | FDIC certificate | Loans | Approved dollars | Jobs reported | Borrowers | Modeled fees |
|---|---|---|---|---|---|---|
| Brookings, SD | 3973 | 3,332 | $201,594,727.94 | 23,644 | 2,997 | $10,435,817.48 |
| Sioux Falls, SD | 27078 | 710 | $72,203,830 | 9,002 | 710 | $2,359,235.50 |
| All records under the name | 4,042 | $273,798,557.94 | 32,646 | 3,576 | $12,795,052.98 |
Named in the archive
The archive was not searched for this lender. Its name is made only of words that many banks share, so a title match would not tell this lender from another.
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30); ranks are among its 4,688 named originating lenders. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed; the totals leave out 39 source rows. The per-lender totals page has the full method.