First State Bank Minnesota vs Toro Employees
Comparing a Bank in Le Roy, MN with a Credit Union in Bloomington, MN using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| First State Bank Minnesota ↗ Bank · Le Roy, MN · Est. 1893 | Toro Employees ↗ Credit Union · Bloomington, MN · Est. 1974 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Bank | Credit Union |
| Location | Le Roy, MN | Bloomington, MN |
| Total assets | $105.2M | $42.0M |
| Capital ratio | 11.1% | 14.0% |
| Return on assets | 1.8% | 1.6% |
| Deposits | $92.2M | — |
| Branches | 2 | 2,905 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #2 of 224 | #3 of 81 |
| Established | 1893 | 1974 |
First State Bank Minnesota
- Assets: $105.2M
- Deposits: $92.2M
- Capital ratio: 11.1%
- Return on assets: 1.8%
- CFPB complaints: 0
- State rank: #2 of 224
Toro Employees
- Assets: $42.0M
- Members: 2,905
- Capital ratio: 14.0%
- Return on assets: 1.6%
- CFPB complaints: 0
- State rank: #3 of 81
Are both institutions federally insured?
Yes. First State Bank Minnesota is FDIC-insured and Toro Employees is NCUA-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, First State Bank Minnesota or Toro Employees?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — First State Bank Minnesota scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is First State Bank Minnesota safe?
Yes — First State Bank Minnesota is FDIC-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Toro Employees safe?
Yes — Toro Employees is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of First State Bank Minnesota vs Toro Employees?
First State Bank Minnesota has a capital ratio of 11.1%, placing it in the top 36% of $100M–1B peers. Toro Employees's ratio is 14.0%, placing it in the bottom 49% of <$100M peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does First State Bank Minnesota have compared to Toro Employees?
The CFPB database shows 0 complaints against First State Bank Minnesota, and 0 complaints against Toro Employees. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare First State Bank Minnesota with other Banks in Minnesota
Financial data from FDIC and NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
