First State Bank Southwest is a bank based in Pipestone, Minnesota, established in 1903, with $395 million in total assets across 6 branches. By Trust Grade it ranks 199th of 224 banks we track in Minnesota. Its capital ratio of 6.4% trails most similarly sized banks (4th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.92% return on assets. No consumer complaints against First State Bank Southwest 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 Southwest compares to Minnesota peers
How we graded First State Bank Southwest
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (6.4% capital ratio)
- Profitable (ROA 0.92%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First State Bank Southwest over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 1433 Oxford St, Worthington, MN 56187
- 103 N Thompson Ave, Rushmore, MN 56168
- 11665 110th St, Edgerton, MN 56128
- 760 Main St, Edgerton, MN 56128
- 202 2nd St Se, Pipestone, MN 56164
- 4400 E 57th St, Sioux Falls, SD 57108
Are deposits at First State Bank Southwest insured?
Yes. First State Bank Southwest is an FDIC-insured bank (FDIC certificate #9770). 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 Southwest: frequently asked questions
Is First State Bank Southwest a good bank?
First State Bank Southwest earns a Bankzia Trust Grade of B (84/100, "Strong"), based on a financial-strength score of 84/100 (it has no CFPB complaints on record). Well-capitalized (6.4% capital ratio); Profitable (ROA 0.92%).
Is First State Bank Southwest FDIC-insured?
Yes. First State Bank Southwest is a FDIC-insured bank (FDIC certificate #9770). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First State Bank Southwest?
First State Bank Southwest holds $395 million in total assets, ranking 199th of 224 banks we track in Minnesota. It operates 6 branches.
Does First State Bank Southwest have CFPB complaints?
No CFPB complaints against First State Bank Southwest 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.
