First Bank & Trust

147th of 889 lenders by loans funded, 2024¹

Short‑term investment‑property lender, active across South Dakota, Minnesota and Iowa.

Loans funded482024, terms of 36 months or less

Principal originated$19M2024, at origination

Median note rate²8.65%4 counties reporting

Counties173 states

Where the money went

South Dakota carried 70.8% of the year's loans. Every county with activity is in the ledger below.

1510loans in a countythe three busiest countiesstates with loans

Ranked by loans funded in 2024. Each links to the county's full lender directory.

#	County	Loans	Share	Principal	Median rate²	vs. lender²
01	Minnehaha County, SD	17	35.4%	$5M	8.65%	0.00
02	Lincoln County, SD	7	14.6%	$9M	8.65%	0.00
03	Clay County, SD	4	8.3%	$1M	8.25%	−0.40
04	Brookings County, SD	3	6.3%	$285K	9.00%	+0.35
05	Anoka County, MN	2	4.2%	$440K	—	—
06	Pipestone County, MN	2	4.2%	$110K	—	—
07	Ramsey County, MN	2	4.2%	$400K	—	—
08	Sherburne County, MN	2	4.2%	$110K	—	—
09	Chisago County, MN	1	2.1%	$295K	—	—
10	Codington County, SD	1	2.1%	$335K	—	—
11	Grant County, SD	1	2.1%	$145K	—	—
12	Hennepin County, MN	1	2.1%	$725K	—	—
13	Mille Lacs County, MN	1	2.1%	$155K	—	—
14	Pennington County, SD	1	2.1%	$345K	—	—
15	Scott County, MN	1	2.1%	$255K	—	—
16	Sioux County, IA	1	2.1%	$185K	—	—
17	St. Louis County, MN	1	2.1%	$55K	—	—
	Total	48	100.0%	$19M	8.65%lender median

1Loans are originated, business-purpose loans on investment properties with terms of 36 months or less, from 2024 verified public lending records. Counts are per county of the secured property; activity below public reporting thresholds may not appear. Ranking is by loans funded among every lender on record; it is not an endorsement, and placement is never paid.
2Rates are per-county medians of disclosed note rates; the lender-wide figure is the median of those. “vs. lender” is the county median less the lender median, in percentage points; differences under 0.25 points are set in grey.