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Overview / Commentary
110 Main Street
Ashby, MN 56309

First State Bank of Ashby is headquartered in Ashby and is the 275th largest bank in the state of Minnesota. It is also the 5,469th largest bank in the nation. It was established in 1900 and as of September of 2017, it had grown to 9 employees at 1 location. First State Bank of Ashby has a B health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First State Bank of Ashby has a low asset base.

Health Grade Components

FDIC Certificate #8196
Year Established1900
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD8.8%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$34.8MM$33.2MM
LoansQ3 2017vs Q3 2016$23.2MM$22.1MM
DepositsQ3 2017vs Q3 2016$31.8MM$30.3MM
Equity CapitalQ3 2017vs Q3 2016$2.9MM$2.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$251.00K$230.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$51.00K$0
Real Estate OwnedQ3 2017vs Q3 2016$0$0

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First State Bank of Ashby Locations
First State Bank Of Ashby110 Main StreetAshby, MN 56309