First State Bank Minnesota is a bank based in Le Roy, Minnesota, established in 1893, with $105 million in total assets across 2 branches. By Trust Grade it ranks 2nd of 224 banks we track in Minnesota. Its capital ratio of 11.1% is stronger than 64% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.82% return on assets. No consumer complaints against First State Bank Minnesota appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First State Bank Minnesota compares to Minnesota peers
How we graded First State Bank Minnesota
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.1% capital ratio)
- Strongly profitable (ROA 1.82%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First State Bank Minnesota over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 1030 N Broadway St, Spring Valley, MN 55975
- 102 W Main St, Le Roy, MN 55951
Are deposits at First State Bank Minnesota insured?
Yes. First State Bank Minnesota is an FDIC-insured bank (FDIC certificate #10162). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First State Bank Minnesota: frequently asked questions
Is First State Bank Minnesota a good bank?
First State Bank Minnesota earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.1% capital ratio); Strongly profitable (ROA 1.82%).
Is First State Bank Minnesota FDIC-insured?
Yes. First State Bank Minnesota is a FDIC-insured bank (FDIC certificate #10162). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First State Bank Minnesota?
First State Bank Minnesota holds $105 million in total assets, ranking 2nd of 224 banks we track in Minnesota. It operates 2 branches.
Does First State Bank Minnesota have CFPB complaints?
No CFPB complaints against First State Bank Minnesota appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
