TellerScore

First State Bank Southwest is a state-chartered bank (fed member) headquartered in Pipestone, Minnesota, in business for about 123 years. At the end of Q2 2026 it reported $409.9M in total assets and $350.8M in deposits, with 6 offices across 2 states.

First State Bank Southwest has a TellerScore of 70 out of 100 (strong) based on Q2 2026 data — higher than only 43% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 103rd. Funding & liquidity contributes the most (97/100, 63% loans-to-deposits, 15% uninsured); capital cushion contributes the least (47/100, 9.69%).

TellerScore · Q2 2026

Scorecard

Capital cushion47/100
Tier 1 leverage ratio: 9.69%
Loan quality76/100
Noncurrent loans ÷ total loans: 0.71%
Earnings66/100
Return on assets (annualized): 1.16%
Funding & liquidity97/100
Loans ÷ deposits and uninsured-deposit share: 63.0% · 15.5% uninsured
Problem-loan coverage89/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 5.37%

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 (68 → 70), mostly because the earnings component improved by 15 points.

TellerScore
646871Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202465
Q3 202467
Q4 202466
Q1 202564
Q2 202568
Q3 202569
Q4 202571
Q1 202668
Q2 202670
Tier 1 leverage ratio
5.00%7.48%9.95%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20249.23%
Q3 20249.26%
Q4 20249.26%
Q1 20259.32%
Q2 20259.49%
Q3 20259.87%
Q4 20259.95%
Q1 20269.78%
Q2 20269.69%
Noncurrent loans
0.45%0.62%0.78%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.56%
Q3 20240.48%
Q4 20240.50%
Q1 20250.78%
Q2 20250.50%
Q3 20250.53%
Q4 20250.45%
Q1 20260.73%
Q2 20260.71%
Return on assets
0.64%0.90%1.16%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.68%
Q3 20240.64%
Q4 20240.65%
Q1 20250.68%
Q2 20250.79%
Q3 20250.81%
Q4 20250.95%
Q1 20260.92%
Q2 20261.16%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202670$409.9M9.69%0.71%1.16%63.0%
Q1 202668$395.4M9.78%0.73%0.92%64.0%
Q4 202571$396.8M9.95%0.45%0.95%65.3%
Q3 202569$387.4M9.87%0.53%0.81%64.2%
Q2 202568$391.2M9.49%0.50%0.79%64.4%
Q1 202564$393.5M9.32%0.78%0.68%63.1%
Q4 202466$401.1M9.26%0.50%0.65%59.6%
Q3 202467$393.6M9.26%0.48%0.64%60.0%
Q2 202465$394.2M9.23%0.56%0.68%62.2%

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).

Capital ratio9.69%
25th
Total risk-based capital17.53%
79th
Problem loans0.71%
37th
Net charge-offs0.00%
54th
Return on assets1.16%
45th
Net interest margin3.26%
18th
Efficiency ratio63.8%
46th
Loans to deposits63.0%
79th
Uninsured deposits15.5%
80th
Loan-loss reserves1.45%
75th
Texas ratio5.4%
33rd

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Village BankBank Saint Francis, MN62 out of 100, Moderate$411.9M9.0%0.40%vs
Sentry BankBank Saint Joseph, MN70 out of 100, Strong$415.5M8.7%0.00%vs
Crown BankBank Edina, MN45 out of 100, Below average$402.0M8.4%1.15%vs
BankCherokeeBank Saint Paul, MN68 out of 100, Moderate$401.9M11.0%0.17%vs
My Kind of Bank, National AssociationBank Ottertail, MN64 out of 100, Moderate$422.6M9.0%0.96%vs
The Citizens National Bank of Park RapidsBank Park Rapids, MN72 out of 100, Strong$397.0M11.7%1.10%vs

Deposit insurance

Is my money safe at First State Bank Southwest?

Yes. First State Bank Southwest is an FDIC-insured institution (FDIC certificate #9770). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 15.5% of deposits ($54.2M) 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 9.69%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 17.53% (benchmark: 10%).

Check how much of your own balance is covered

6 locations

Branches

First State Bank Southwest lists 6 offices in 5 cities across 2 states. Most locations:

  • Edgerton, MN (2)
  • Pipestone, MN (1)
  • Rushmore, MN (1)
  • Sioux Falls, SD (1)
  • Worthington, MN (1)

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, First State Bank Southwest reported 135 home-loan applications under HMDA (LEI 254900QE8DMX9C02HU80): 125 originated ($26,755,000 total), 1 denied, and 6 withdrawn or closed by the applicant. Its denial rate on decided applications was 0.8%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
First State Bank Southwest
Former names
First State Bank of Rushmore; First State Bank of Pipestone, Rushmore and Worthington
Type
State-chartered bank (Fed member)
FDIC certificate #
9770
RSSD ID
823656
Primary regulator
FED
Holding company
First Stb Sw Ksop Plan&tr
Established
January 1, 1903
Headquarters
202 2nd St Se, Pipestone, MN 56164
Employees
50

Quick answers

First State Bank Southwest: common questions

Is First State Bank Southwest FDIC insured?

Yes. First State Bank Southwest is an FDIC-insured institution (FDIC certificate #9770). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First State Bank Southwest's TellerScore?

70 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 Southwest ever failed?

There is no failure record for FDIC certificate #9770 in the FDIC failed bank list.

How many branches does First State Bank Southwest have?

6 offices as of the latest FDIC data, in 2 states.

Nearby

Highest-scoring banks and credit unions with branches near Pipestone

InstitutionScoreAssetsCapitalProblem loansCompare
First Security Bank - CanbyBank Canby, MN97 out of 100, Very strong$85.2M14.1%0.08%vs
First Savings BankBank Beresford, SD83 out of 100, Strong$1.6B19.3%0.90%vs
First Independent BankBank Russell, MN76 out of 100, Strong$632.3M9.9%0.14%vs
State Bank of ChandlerBank Chandler, MN74 out of 100, Strong$68.7M11.6%0.95%vs
BankStar FinancialBank Elkton, SD71 out of 100, Strong$363.5M9.4%0.14%vs
First Farmers & Merchants National BankBank Luverne, MN70 out of 100, Strong$242.6M11.6%0.85%vs