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202 Second Street Southeast
Pipestone, MN 56164

First State Bank Southwest is headquartered in Pipestone and is the 63rd largest bank in the state of Minnesota. It is also the 2,577th largest bank in the nation. It was established in 1903 and as of June of 2016, it had grown to 53 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 - YTD1.8%
Return on Equity - YTD16.85%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$245.3MM$236.5MM
LoansQ2 2016vs Q2 2015$129.4MM$126.5MM
DepositsQ2 2016vs Q2 2015$200.6MM$194.2MM
Equity CapitalQ2 2016vs Q2 2015$27.4MM$25.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.4MM$2.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$12.00K$0
Real Estate OwnedQ2 2016vs Q2 2015$60.00K$0
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First State Bank Southwest Checking Account Rates

1.51%*-$15kFree Rewards Checking
OTHER TIERS: 0.25% $15k+

First State Bank Southwest CD Rates

0.75%$5k-20 Month CD
0.55%$5k-13 Month CD

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