First State Bank Southwest


Overview / Commentary
507-825-0055
202 Second Street Southeast
Pipestone, MN 56164

First State Bank Southwest is headquartered in Pipestone and is the 58th largest bank in the state of Minnesota. It is also the 2,105th largest bank in the nation. It was established in 1903 and as of June of 2022, it had grown to 48 employees at 5 locations. First State Bank Southwest has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #9770
Year Established1903
Employees48
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD15.16%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$385.6MM$357.9MM
LoansQ2 2022vs Q2 2021$160.7MM$152.0MM
DepositsQ2 2022vs Q2 2021$334.6MM$299.8MM
Equity CapitalQ2 2022vs Q2 2021$14.7MM$35.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.5MM$2.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

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Locations


First State Bank Southwest Locations
Rushmore Branch103 North Thompson AvenueRushmore, MN 56168
Worthington Branch1433 Oxford StreetWorthington, MN 56187
First State Bank Southwest202 2nd St SePipestone, MN 56164
Leota Branch11665 110th StEdgerton, MN 56128
Edgerton Branch760 Main StreetEdgerton, MN 56128
Sioux Falls Office Branch4400 East 57th StreetSioux Falls, SD 57103

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