First State Bank Minnesota (FDIC certificate #10162) is based in Le Roy, Minnesota. Its Q2 2026 call report shows $105.9M in total assets and $92.5M in deposits and 2 offices.
Based on its Q2 2026 filing, First State Bank Minnesota scores 76/100, which we describe as strong. That is higher than 64% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 57th. Its strongest component is earnings (98/100; 1.94%), and its lowest is capital cushion (64/100; 11.43%).
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 5 points (71 → 76), mostly because the earnings component improved by 16 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 67 |
| Q3 2024 | 57 |
| Q4 2024 | 72 |
| Q1 2025 | 70 |
| Q2 2025 | 71 |
| Q3 2025 | 75 |
| Q4 2025 | 71 |
| Q1 2026 | 66 |
| Q2 2026 | 76 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.86% |
| Q3 2024 | 11.01% |
| Q4 2024 | 11.04% |
| Q1 2025 | 10.74% |
| Q2 2025 | 11.03% |
| Q3 2025 | 10.96% |
| Q4 2025 | 10.66% |
| Q1 2026 | 11.37% |
| Q2 2026 | 11.43% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.99% |
| Q3 2024 | 2.08% |
| Q4 2024 | 0.57% |
| Q1 2025 | 0.81% |
| Q2 2025 | 0.85% |
| Q3 2025 | 0.47% |
| Q4 2025 | 1.01% |
| Q1 2026 | 1.78% |
| Q2 2026 | 0.80% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.24% |
| Q3 2024 | 1.31% |
| Q4 2024 | 1.33% |
| Q1 2025 | 1.40% |
| Q2 2025 | 1.56% |
| Q3 2025 | 1.63% |
| Q4 2025 | 1.66% |
| Q1 2026 | 1.82% |
| Q2 2026 | 1.94% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 76 | $105.9M | 11.43% | 0.80% | 1.94% | 92.7% |
| Q1 2026 | 66 | $105.2M | 11.37% | 1.78% | 1.82% | 90.7% |
| Q4 2025 | 71 | $109.3M | 10.66% | 1.01% | 1.66% | 83.1% |
| Q3 2025 | 75 | $100.2M | 10.96% | 0.47% | 1.63% | 89.8% |
| Q2 2025 | 71 | $97.8M | 11.03% | 0.85% | 1.56% | 91.6% |
| Q1 2025 | 70 | $96.7M | 10.74% | 0.81% | 1.40% | 91.5% |
| Q4 2024 | 72 | $99.5M | 11.04% | 0.57% | 1.33% | 91.6% |
| Q3 2024 | 57 | $97.0M | 11.01% | 2.08% | 1.31% | 91.4% |
| Q2 2024 | 67 | $93.7M | 10.86% | 0.99% | 1.24% | 90.7% |
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 |
|---|---|---|---|---|---|
| Hometown Community BankBank Cyrus, MN | 57 out of 100, Moderate | $105.7M | 9.1% | 1.78% | vs |
| Prairie Sun BankBank Milan, MN | 58 out of 100, Moderate | $107.0M | 9.9% | 1.82% | vs |
| Produce State BankBank Hollandale, MN | 69 out of 100, Moderate | $107.2M | 10.3% | 1.26% | vs |
| Community Bank OwatonnaBank Owatonna, MN | 63 out of 100, Moderate | $103.3M | 8.0% | 0.42% | vs |
| Northern State Bank of VirginiaBank Virginia, MN | 75 out of 100, Strong | $102.0M | 10.2% | 0.00% | vs |
| Red River State BankBank Halstad, MN | 59 out of 100, Moderate | $110.2M | 15.2% | 8.88% | vs |
Deposit insurance
Is my money safe at First State Bank Minnesota?
Yes. First State Bank Minnesota is an FDIC-insured institution (FDIC certificate #10162). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 15.8% of deposits ($14.6M) 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 11.43%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
2 locations
Branches
First State Bank Minnesota lists 2 offices in 2 cities. Most locations:
- Le Roy, MN (1)
- Spring Valley, MN (1)
Identity & history
Profile
- Legal name
- First State Bank Minnesota
- Former names
- First State Bank of Le Roy
- Type
- State-chartered bank
- FDIC certificate #
- 10162
- RSSD ID
- 60554
- Primary regulator
- FDIC
- Holding company
- First Leroy Bcorp Inc
- Established
- June 1, 1893
- Headquarters
- 102 W Main St, Le Roy, MN 55951
- Website
- www.fsbminnesota.com
- Employees
- 13
Quick answers
First State Bank Minnesota: common questions
Is First State Bank Minnesota FDIC insured?
Yes. First State Bank Minnesota is an FDIC-insured institution (FDIC certificate #10162). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is First State Bank Minnesota's TellerScore?
76 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has First State Bank Minnesota ever failed?
There is no failure record for FDIC certificate #10162 in the FDIC failed bank list.
How many branches does First State Bank Minnesota have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Le Roy
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First Citizens BankBank Mason City, IA | 81 out of 100, Strong | $1.8B | 12.0% | 0.16% | vs |
| First National BankBank Oldham, SD | 77 out of 100, Strong | $477.8M | 18.4% | 2.01% | vs |
| Security State BankBank Sutherland, IA | 77 out of 100, Strong | $492.3M | 11.1% | 0.23% | vs |
| United Farmers State BankBank Adams, MN | 75 out of 100, Strong | $233.8M | 10.3% | 0.33% | vs |
| CUSB BankBank Cresco, IA | 74 out of 100, Strong | $812.1M | 12.3% | 0.65% | vs |
| Decorah Bank & Trust CompanyBank Decorah, IA | 74 out of 100, Strong | $794.1M | 10.4% | 0.49% | vs |