Bankfirst
Sioux Falls, SD · Owner: Marshall Bankfirst Corp
$211M
total assets, June 30, 2009
$211M
total assets, June 30, 2009
Bankfirst was a state member bank in Sioux Falls, SD, owned by Marshall Bankfirst Corp. It failed on Jul 17, 2009, and Alerus Financial, National Association took over its deposits. At its last report it held $210.8 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Jul 17, 2009
- Assets
- $211M
- Deposits
- $232M
- Estimated cost
- $110M
- Deposits went to
- Alerus Financial, National Association, Grand Forks, ND
Total assets
$211M
-39.1% in a year · -24.1% in a quarter
Deposits
$232M
-22.7% in a year · -9.4% in a quarter
Loans
$154M
-48.6% in a year · -24.5% in a quarter
Profit so far
-$57.8M
Jan 1 to Jun 30, 2009
Capital ratio
-9.55%
-20.21 pts in a year
Return on assets
-44.12%
-10.26 pts in a year
Facts
- Type
- State member bank
- Head office
- 6100 South Old Village Place, Sioux Falls, SD, 57108
- County
- Lincoln
- Holding company
- Marshall Bankfirst Corp
- Established
- Dec 7, 1995
- Failed
- Jul 17, 2009
- Employees
- 68
- Branches
- 2 in 2 states
- Id
- b34103
Quarter by quarter
December 31, 1995 to June 30, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bankfirst?
$210.8 million in total assets and $232.2 million in deposits as of June 30, 2009, with assets down 39.1% from a year before. Its loans were $153.6 million.
How many branches does Bankfirst have?
2 branches in 2 states as of June 30, 2026.
Is Bankfirst profitable?
No: it lost $57.8 million from January 1 to June 30, 2009. Its return on assets was -44.12% a year; about 1% is typical.
Who owns Bankfirst?
Bankfirst is owned by Marshall Bankfirst Corp, its holding company.
When did Bankfirst fail?
Jul 17, 2009. Alerus Financial, National Association of Grand Forks, ND took over its deposits. The estimated cost of the failure was $110.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.