Overview / Commentary
First State Bank Southwest is headquartered in PIPESTONE and is the 60th largest bank in the state of Minnesota. It is also the 2,074th largest bank in the nation. It was established in 1903 and as of June of 2024, it had grown to 49 employees at 6 locations. First State Bank Southwest has a B health rating.
Related Posts
View all posts from:
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9770 |
| Year Established | 1903 |
| Employees | 49 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 16.02% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $394.2MM$392.2MM |
| Loans | Q2 2024vs Q2 2023 | $204.2MM$181.3MM |
| Deposits | Q2 2024vs Q2 2023 | $328.5MM$332.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $16.3MM$14MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.4MM$2.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.2MM$0 |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |