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First State Bank Southwest

$100M-$1B Specialty: Agricultural MN FDIC cert 9770

Pipestone, MN

6 branches across MN · SD

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits +5.0% year over year ($350.8M on the books).
  • Delinquency rate 0.72%.
  • Return on assets 1.16%.
  • Efficiency ratio 63.76% vs a 64.48% peer average.
  • Loan-to-deposit ratio 62.98% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

First State Bank Southwest has 2 strengths but faces 4 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Efficiency Ratio 0.72% below tier average
  • + Delinquency Rate 0.20% below tier average

Key Concerns

Areas that may need attention

  • - Credit Risk Growth: Bottom 14.2% in tier
  • - Credit Quality Pressure: Bottom 43.5% in tier
  • - ROA 0.16% below tier average
  • - Net Interest Margin 0.73% below tier average
Get updates when First State Bank Southwest releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $409.9M
+4.8% YoY +3.7% QoQ
+$23.4M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
62%
Total Loans ? $220.9M
+2.7% YoY +2.8% QoQ
-$37.4M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
52%
Total Deposits ? $350.8M
+5.0% YoY +4.5% QoQ
+$24.0M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
63%
Return on Assets ? 1.16%
+47.3% YoY +25.5% QoQ
-0.16% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
45%
Net Interest Margin ? 3.26%
+11.8% YoY +2.1% QoQ
-0.73% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
18%
Efficiency Ratio ? 63.76%
-9.7% YoY -6.6% QoQ
-0.72% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
46%
Delinquency Rate ? 0.72%
+43.1% YoY -2.7% QoQ
-0.20% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
37%
Loan-to-Deposit Ratio ? 62.98%
-2.2% YoY -1.7% QoQ
-14.97% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
79%
Non-Interest-Bearing Deposit Share ? 17.41%
+9.3% YoY -1.7% QoQ
-4.62% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
34%
Nonperforming Asset Ratio ? 0.40%
+44.2% YoY -8.2% QoQ
-0.27% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
44%
Tier 1 Capital Ratio ? 16.28%
-0.6% YoY -0.8% QoQ
+0.37% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
73%
Non-Interest Income / Assets ? 0.39%
+0.6% YoY +118.6% QoQ
-0.17% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
84%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing 17.4%
+1.5pp YoY
-0.3pp QoQ
 -4.7pp 22.1% 21.9% 22.2% 33%
Brokered Deposits n/a n/a 7.9% 8.3% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 8.1%
-2.5pp YoY
-0.8pp QoQ
 -3.4pp 11.6% 14.6% 12.5% 41%
CRE 24.4%
+0.5pp YoY
+0.4pp QoQ
 -15.2pp 39.5% 36.5% 41.4% 26%
1-4 Family 25.6%
+1.3pp YoY
+0.7pp QoQ
 -7.1pp 32.6% 29.4% 31.3% 42%
Consumer 3.6%
-0.6pp YoY
-0.3pp QoQ
 -0.6pp 4.1% 4.5% 5.0% 66%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio 16.3%
-0.1pp YoY
-0.1pp QoQ
 -2.5pp 18.8% 16.5% 19.7% 60%
Leverage Ratio 9.7%
+0.2pp YoY
-0.1pp QoQ
 -2.5pp 12.2% 11.0% 12.6% 25%
Total Capital Ratio 17.5%
+0.1pp YoY
-0.1pp QoQ
 -2.4pp 19.9% 17.6% 20.8% 60%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 50
+1 (+2.0%) YoY
+2 (+4.2%) QoQ
 -9 58 55 482 53%
Assets per Employee ($) $8.2M
+2.7% YoY
-0.5% QoQ
 +$680K $7.5M $8.6M $8.8M 70%
Branch Count 6
0 YoY
0 QoQ
 +1 4 4 18 66%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.3% 0.4% 0.4% n/a
Nonaccrual 0.7%
+0.2pp YoY
0.0pp QoQ
 -0.2pp 0.9% 1.0% 1.0% 63%
Allowance Coverage 2.04x
-14.5% YoY
+3.7% QoQ
 -22.12x 24.15x 20.41x 20.23x 48%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
 -0.1pp 0.1% 0.2% 0.2% 36%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 17.4%
+1.8pp YoY
+3.6pp QoQ
 +5.2pp 12.2% 13.1% 11.6% 79%
Cost of Funds (YTD) 1.5%
-0.3pp YoY
0.0pp QoQ
 -0.2pp 1.7% 1.7% 1.7% 38%
Net Income ($, YTD) $2.3M
+49.4% YoY
— QoQ
 -$234K $2.6M $4.5M $40.4M 59%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (2)

Credit Risk Growth

risk
#134 of 936 • Bottom 14.2% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

936 of 936 Community banks match · 1401 nationally
→ Stable -58 banks QoQ

Credit Quality Pressure

risk
#548 of 1256 • Bottom 43.5% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.72%
(Tier: 0.92%, National: 0.98%)
better than tier avg
1256 of 1256 Community banks match · 1820 nationally
→ Stable -71 banks QoQ

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (2 metrics)

411
Non-Interest Income / Assets
revenue_mix
Value: 0.39%
Peer Median: 0.57%
#411 of 2643 Top 15.5% in $100M-$1B
552
Loan-to-Deposit Ratio
liquidity
Value: 62.98%
Peer Median: 77.95%
#552 of 2643 Top 20.8% in $100M-$1B

Top Weaknesses (1 metrics)

2170
Net Interest Margin
profitability
Value: 3.26%
Peer Median: 3.99%
#2170 of 2643 Bottom 17.9% in $100M-$1B
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