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This institution is no longer active

Operations ceased on August 31, 1998. CRA examination history below reflects the period it was active.

FIRST AMERICAN BANK

CANTON, SD · Supervised by FDIC

Est. 1899FDIC #9,939RSSD: FDIC-9939
Part ofCANTON BANCSHARES INC→ View all charters
Outstanding Same

Current rating · Exam: December 1997

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 1.27%

Institution Profile

FDIC BankFind

Address

402 East Fifth Street, CANTON, SD

County

Lincoln County

Established

February 4, 1899

Total Assets

$26M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

December 1, 1997

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 28 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1998Call Report / FDIC

Total Assets

$26M

Total Deposits

$23M

Net Loans

$18M

Net Income

$169K

ROA

1.27%

ROE

12.50%

Risk-Based Capital

15.09%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate30.61%Peer avg: 7.63%▼ Below avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20245,00155.19%30.61%
20234,67556.04%29.11%
20225,34156.19%26.61%
20217,26161.34%17.74%
20206,96960.64%16.79%
20194,97754.35%25.68%
20184,36755.42%24.66%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

↑ Improving

Based on last 3 exams

3 previous ratings locked — dating back to 1991

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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