First State Bank Southwest

Overview / Commentary
202 Second Street Southeast
Pipestone, MN 56164

First State Bank Southwest is headquartered in Pipestone and is the 68th largest bank in the state of Minnesota. It is also the 2,429th largest bank in the nation. It was established in 1903 and as of June of 2019, it had grown to 55 employees at 6 locations. First State Bank Southwest has an A+ health rating.

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Health Grade Components

FDIC Certificate #9770
Year Established1903
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.68%
Return on Equity - YTD15.42%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$261.6MM$249.2MM
LoansQ2 2019vs Q2 2018$149.3MM$140.5MM
DepositsQ2 2019vs Q2 2018$213.5MM$204.4MM
Equity CapitalQ2 2019vs Q2 2018$29.9MM$26.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.4MM$2.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$342.00K$614.00K
Real Estate OwnedQ2 2019vs Q2 2018$142.00K$0

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First State Bank Southwest Locations
Rushmore Branch103 North Thompson AvenueRushmore, MN 56168
Worthingron1055 Ryans RoadWorthington, MN 56187
Worthington Branch1433 Oxford StreetWorthington, MN 56187
First State Bank Southwest202 Second Street SoutheastPipestone, MN 56164
Leota Branch11665 110th StreetEdgerton, MN 56128
Edgerton Branch760 Main StreetEdgerton, MN 56128

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