Headquartered in Harmony, Minnesota, First Southeast Bank is a state-chartered bank with $158.3M in total assets and $116.0M in deposits as of Q2 2026. It operates 3 offices. Its charter dates back to 1893.
First Southeast Bank has a TellerScore of 68 out of 100 (moderate) based on Q2 2026 data — higher than only 37% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 123rd. Problem-loan coverage contributes the most (97/100, 1.5%); capital cushion contributes the least (34/100, 8.42%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 2 points (66 → 68), mostly because the earnings component improved by 18 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 62 |
| Q3 2024 | 62 |
| Q4 2024 | 61 |
| Q1 2025 | 65 |
| Q2 2025 | 66 |
| Q3 2025 | 66 |
| Q4 2025 | 67 |
| Q1 2026 | 70 |
| Q2 2026 | 68 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.36% |
| Q3 2024 | 7.38% |
| Q4 2024 | 7.31% |
| Q1 2025 | 8.38% |
| Q2 2025 | 8.38% |
| Q3 2025 | 8.38% |
| Q4 2025 | 8.31% |
| Q1 2026 | 8.57% |
| Q2 2026 | 8.42% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.04% |
| Q3 2025 | 0.04% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.01% |
| Q2 2026 | 0.14% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.96% |
| Q3 2024 | 0.96% |
| Q4 2024 | 0.94% |
| Q1 2025 | 1.03% |
| Q2 2025 | 1.15% |
| Q3 2025 | 1.22% |
| Q4 2025 | 1.29% |
| Q1 2026 | 1.52% |
| Q2 2026 | 1.60% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 68 | $158.3M | 8.42% | 0.14% | 1.60% | 117.2% |
| Q1 2026 | 70 | $153.7M | 8.57% | 0.01% | 1.52% | 118.6% |
| Q4 2025 | 67 | $155.1M | 8.31% | 0.00% | 1.29% | 112.4% |
| Q3 2025 | 66 | $149.8M | 8.38% | 0.04% | 1.22% | 114.9% |
| Q2 2025 | 66 | $146.3M | 8.38% | 0.04% | 1.15% | 115.7% |
| Q1 2025 | 65 | $140.3M | 8.38% | 0.00% | 1.03% | 106.6% |
| Q4 2024 | 61 | $138.3M | 7.31% | 0.00% | 0.94% | 110.8% |
| Q3 2024 | 62 | $131.9M | 7.38% | 0.00% | 0.96% | 98.2% |
| Q2 2024 | 62 | $129.1M | 7.36% | 0.00% | 0.96% | 102.4% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Perennial BankBank Darwin, MN | 63 out of 100, Moderate | $158.1M | 9.5% | 1.36% | vs |
| First Security BankBank Byron, MN | 37 out of 100, Low | $161.7M | 7.9% | 2.63% | vs |
| Prime Security BankBank Karlstad, MN | 59 out of 100, Moderate | $154.5M | 8.7% | 0.52% | vs |
| State Bank of FairmontBank Fairmont, MN | 61 out of 100, Moderate | $154.2M | 10.4% | 2.03% | vs |
| Lake Region BankBank New London, MN | 84 out of 100, Strong | $153.0M | 10.4% | 0.09% | vs |
| Security State Bank of HibbingBank Hibbing, MN | 64 out of 100, Moderate | $151.9M | 11.6% | 1.54% | vs |
Deposit insurance
Is my money safe at First Southeast Bank?
Yes. First Southeast Bank is an FDIC-insured institution (FDIC certificate #10576). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 14.0% of deposits ($16.3M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.42%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 10.70% (benchmark: 10%).
3 locations
Branches
First Southeast Bank lists 2 offices in 2 cities. Most locations:
- Canton, MN (1)
- Harmony, MN (1)
Identity & history
Profile
- Legal name
- First Southeast Bank
- Former names
- Harmony State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 10576
- RSSD ID
- 22552
- Primary regulator
- FDIC
- Holding company
- First Southeastern Banc Group
- Established
- March 15, 1893
- Headquarters
- 3 Main Ave N, Harmony, MN 55939
- Website
- www.firstsoutheastbank.com
- Employees
- 21
Quick answers
First Southeast Bank: common questions
Is First Southeast Bank FDIC insured?
Yes. First Southeast Bank is an FDIC-insured institution (FDIC certificate #10576). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is First Southeast Bank's TellerScore?
68 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has First Southeast Bank ever failed?
There is no failure record for FDIC certificate #10576 in the FDIC failed bank list.
How many branches does First Southeast Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Harmony
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Kerndt Brothers Savings BankBank Lansing, IA | 79 out of 100, Strong | $347.2M | 10.9% | 0.65% | vs |
| Waukon State BankBank Waukon, IA | 78 out of 100, Strong | $426.9M | 10.4% | 0.00% | vs |
| First National BankBank Oldham, SD | 77 out of 100, Strong | $477.8M | 18.4% | 2.01% | vs |
| Northeast Security BankBank Sumner, IA | 77 out of 100, Strong | $461.9M | 10.8% | 0.00% | vs |
| First State Bank MinnesotaBank Le Roy, MN | 76 out of 100, Strong | $105.9M | 11.4% | 0.80% | vs |
| F & M Community Bank, National AssociationBank Preston, MN | 74 out of 100, Strong | $211.1M | 9.9% | 0.00% | vs |