First State Bank Southwest
Pipestone, MN
IDRSSD: 823656
Total Assets
$396.85M
Latest filing
Total Deposits
$336.84M
Latest filing
Net Interest Margin
3.21%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
091206101PIPESTONE, MN
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
First State Bank Southwest
202 2nd St Se
Pipestone, MN 56164
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1903FDIC Certificate 6254
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First State Bank Southwest (Main) | 202 2nd St Se | Pipestone, MN |
| WORTHINGTON BRANCH | 1433 Oxford St | Worthington, MN |
| RUSHMORE BRANCH | 103 N Thompson Ave | Rushmore, MN |
| LEOTA BRANCH | 11665 110th St | Edgerton, MN |
| EDGERTON BRANCH | 760 Main St | Edgerton, MN |
| SIOUX FALLS BRANCH | 4400 E 57th St | Sioux Falls, SD |
Showing 5 of 5
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 01/01/1903 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56164 |
| State and County Number | 27117 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 46 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.firststatebanksw.com |
| Data Updated | 01/30/2026 |
| CERT | 9770 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $396.85M |
| Total Deposits | $336.84M |
| Total Liabilities | $369.14M |
| Total Equity Capital | $27.70M |
| Net Income | $1.35M |
| Net Loans and Leases | $220.04M |
| Assets Per Employee ($Millions) | $8.82M |
| Bank Premises and Fixed Assets | $7.04M |
| Cash and Balances due from Depository Institutions | $10.67M |
| Deposits Held in Domestic Offices | $336.84M |
Key Performance Ratios
| Return on Assets (ROA) | 1.38% |
| Return on Equity (ROE) | 20.17% |
| Net Interest Margin | 3.21% |
| Efficiency Ratio | 59.07% |
| Tier 1 Risk-Based Capital Ratio | 16.408% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.11% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.98% |
| Earning Assets to total Assets | 92.38% |
Income and Expense
| Total Interest Income | $4.44M |
| Total Noninterest Income | $754.00k |
| Total Interest Expense | $1.53M |
| Total Noninterest Expense | $2.17M |
| Net Interest Income | $2.91M |
| Pre-tax Net Operating Income | $1.40M |
| Provision for Credit Losses | $105.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $128.00k |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $29.29M |
| All Other Liabilities | $3.02M |
| Total Liabilities and Capital | $396.85M |
Securities
| Securities | $144.14M |
| Available-for-sale debt securities | $144.14M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First State Bank Southwest?
$396.85M as of the latest filing.
How much are First State Bank Southwest's total deposits?
$336.84M in total deposits.
Where is First State Bank Southwest located?
Pipestone, MN.
What is the Net Interest Margin?
3.21%.
How many domestic offices does it operate?
6.
When was it established?
01/01/1903.
What is the Return on Assets (ROA)?
1.38%.
How much are total loans and leases?
$220.04M (latest filing).
What is the total interest income (latest filing)?
$4.44M.