First State Bank Southwest
Pipestone, MN
IDRSSD: 823656
Total Assets
$387.42M
Latest filing
Total Deposits
$328.02M
Latest filing
Net Interest Margin
3.06%
Profitability
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 11/14/2025Established 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
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
Peoples State Bank of Plainview
Plainview, Minnesota
→
Assets: $389.49MΔ -0.4%
The First National Bank of Henning
Ottertail, Minnesota
→
Assets: $393.92MΔ +0.7%
BankCherokee
Saint Paul, Minnesota
→
Assets: $394.89MΔ +0.9%
The Citizens National Bank of Park Rapids
Park Rapids, Minnesota
→
Assets: $385.20MΔ -1.5%
North Star Bank
Roseville, Minnesota
→
Assets: $385.05MΔ -1.6%
Village Bank
Saint Francis, Minnesota
→
Assets: $397.33MΔ +1.6%
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 | 49 |
| 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 | 11/14/2025 |
| CERT | 9770 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $387.42M |
| Total Deposits | $328.02M |
| Total Liabilities | $361.64M |
| Total Equity Capital | $25.78M |
| Net Income | $850.00k |
| Net Loans and Leases | $210.46M |
| Assets Per Employee ($Millions) | $8.42M |
| Bank Premises and Fixed Assets | $7.16M |
| Cash and Balances due from Depository Institutions | $7.54M |
| Deposits Held in Domestic Offices | $328.02M |
Key Performance Ratios
| Return on Assets (ROA) | 0.87% |
| Return on Equity (ROE) | 14.19% |
| Net Interest Margin | 3.06% |
| Efficiency Ratio | 65.36% |
| Tier 1 Risk-Based Capital Ratio | 16.909% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.33% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.654% |
| Earning Assets to total Assets | 92.88% |
Income and Expense
| Total Interest Income | $4.39M |
| Total Noninterest Income | $829.00k |
| Total Interest Expense | $1.63M |
| Total Noninterest Expense | $2.35M |
| Net Interest Income | $2.77M |
| Pre-tax Net Operating Income | $921.00k |
| Provision for Credit Losses | $324.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $4.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.27M |
| Federal Funds Purchased and Repurchased Agreement | $26.32M |
| All Other Liabilities | $3.30M |
| Total Liabilities and Capital | $387.42M |
Securities
| Securities | $145.85M |
| Available-for-sale debt securities | $145.85M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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?
$387.42M as of the latest filing.
How much are First State Bank Southwest's total deposits?
$328.02M in total deposits.
Where is First State Bank Southwest located?
Pipestone, MN.
What is the Net Interest Margin?
3.06%.
How many domestic offices does it operate?
6.
When was it established?
01/01/1903.
What is the Return on Assets (ROA)?
0.87%.
How much are total loans and leases?
$210.46M (latest filing).
What is the total interest income (latest filing)?
$4.39M.