Advertisement
First State Bank Southwest
Pipestone, MN · FDIC Certificate #9770 · Chartered 01/0
Total assets
$409.94M
Total deposits
$350.78M
Total equity
$27.27M
Net loans
$220.92M
Branches (offices)
6
Net income (YTD)
$2.32M
Rank: #2,036 of 4,213 U.S. banks by assets · #64 of 221 in Minnesota. Assets changed 4.8% and deposits 5.0% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.16% |
| Return on equity | 17.35% |
| Net interest margin (YTD) | 3.26% |
| Equity to assets | 6.65% |
| Tier 1 leverage ratio | 9.69% |
| Uninsured deposits (share of deposits) | 15.5% |
| Noncurrent loans (share of loans) | 0.71% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 63.0% |
| Real estate loans (share of loans) | 65.6% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $144.82M | 65.6% | |
| Commercial & industrial | $17.96M | 8.1% | |
| Consumer / individual | $7.86M | 3.6% | |
| Construction & development | $8.41M | 3.8% | |
| Agricultural | $50.09M | 22.7% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $385.58M | $334.58M | $1.81M | $14.67M |
| Jun 2023 | $392.17M | $332.86M | $1.18M | $13.97M |
| Jun 2024 | $394.17M | $328.54M | $1.36M | $16.31M |
| Jun 2025 | $391.19M | $334.05M | $1.55M | $22.15M |
| Jun 2026 | $409.94M | $350.78M | $2.32M | $27.27M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $341.14M | 5 |
| South Dakota | $9.64M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $350.78M.
Similar-sized banks
Community Savings Bank ($410.17M) · Waterfall Bank ($409.93M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
Advertisement