First State Bank and Trust

Overview / Commentary
950 North Highway 95
Bayport, MN 55003

First State Bank and Trust is headquartered in Bayport and is the 66th largest bank in the state of Minnesota. It is also the 2,411th largest bank in the nation. It was established in 1914 and as of September of 2019, it had grown to 72 employees at 7 locations. First State Bank and Trust's money market rates are 2X the national average, and it boasts an A+ health rating.

Reviews (1)

Wonderful Bank

Posted by: |

First State Bank and Trust is a wonderful bank. They are really nice and helpful to ALL their customers that walk into the branch. If there is ever an issue, they are quick to resolve it which is really nice. I have locked myself out of my account on multiple occasions and they are always so helpful and quick to help me get right back in. It's a great family like atmosphere upon walking into the branch as well. You really feel valued. You feel like you matter to them at and you aren't just another dollar sign walking in. I really like the ease of their online banking and bill pay system as well. It is easy to set up your payments and they have a helpful way to keep track of just how much you have in bill pay coming out on a monthly basis and what bills are upcoming. I would recommend this bank to family and friends.


Health Grade Components

FDIC Certificate #10159
Year Established1914
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD14.7%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$265.2MM$242.7MM
LoansQ3 2019vs Q3 2018$186.0MM$179.5MM
DepositsQ3 2019vs Q3 2018$234.7MM$210.2MM
Equity CapitalQ3 2019vs Q3 2018$24.8MM$21.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.9MM$1.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$11.00K$54.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First State Bank and Trust Savings Account Rates

2.02%*$5k*-Health Savings Account
OTHER TIERS: 0.60% Up to $5k
0.05%--Statement Savings
0.05%--Super Kids Savings

First State Bank and Trust Money Market Rates

1.00%*$1m*-Investors Money Market Plus
OTHER TIERS: 0.05% Up to $25k | 0.15% $25k - $75k | 0.25% $75k - $250k | 0.40% $250k - $500k | 0.65% $500k - $1m

First State Bank and Trust Checking Account Rates

0.15%*$50k*-FIRST Class Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k
0.05%--CroixClub Checking
0.05%--Business Checking with Interest

First State Bank and Trust CD Rates

1.51%$1k-33 Month CD Special
1.30%$1k-13 Month CD Special
1.00%$1k-60 Month CD
1.00%$1k-5 Month CD Special
0.75%$1k-48-59 Month CD
0.50%$1k-36-47 Month CD
0.40%$1k-24-35 Month CD
0.30%$1k-12-23 Month CD
0.25%$1k-6-11 Month CD
0.15%$1k-3-5 Month CD

First State Bank and Trust IRA Rates

1.51%$1k-33 Month IRA CD Special
1.30%$1k-13 Month IRA CD Special
1.00%$1k-60 Month IRA CD
1.00%$1k-5 Month IRA CD Special
0.75%$1k-48-59 Month IRA CD
0.50%$1k-36-47 Month IRA CD
0.40%$1k-24-35 Month IRA CD
0.30%$1k-12-13 Month IRA CD
0.25%$1k-6-11 Month IRA CD
0.15%$1k-3-5 Month IRA CD

First State Bank and Trust Locations
Stillwater Branch125 New England PlaceStillwater, MN 55082
First State Bank and Trust219 2nd Street SouthHudson, WI 54016
Oak Park Heights Branch5891 Neal Avenue NorthOak Park Heights, MN 55082
First State Bank and Trust950 North Highway 95Bayport, MN 55003
Woodland Hill Branch441 Stageline RoadHudson, WI 54016

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