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Data through Q3 2026 · 4,200 institutions
Regulatory profile
Bayport, MN · FDIC certificate #10159
FIRST STATE BANK&TRUST is an FDIC-insured institution based in Bayport, MN (FDIC certificate #10159). In its Q3 2026 Call Report it reported total assets of $479M, total deposits of $436M and net loans of $331M. Its primary federal regulator is FDIC.
Plain-language readout
FIRST STATE BANK&TRUST has 3 quarters of reported history on file, from Q1 2026 to Q3 2026.
Total assets peaked at $499M in Q2 2026 and were lowest at $471M in Q1 2026.
Total deposits were highest at $455M in Q2 2026 and lowest at $429M in Q1 2026.
Over the whole period total assets rose 1.6%.
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| Q3 2026 | $479M | $436M | $331M | 1.82% | 22.28% | 3.61% |
| Q2 2026 | $499M | $455M | $326M | 1.77% | 21.72% | 3.55% |
| Q1 2026 | $471M | $429M | $307M | 1.61% | 19.65% | 3.42% |
History
| Line | Q2 2026 | Q1 2026 | Change | Change, percent |
|---|---|---|---|---|
| Assets | ||||
| Cash and balances due from depository institutions | $61.0M | $58.1M | +$2.9M | +4.9% |
| Federal funds sold | $1.5M | $2.8M | -$1.3M | -45.9% |
| Securities purchased under agreements to resell | $0K | $0K | $0K | n/a |
| Securities (available for sale at fair value plus held to maturity net of allowance) | $86.1M | $83.3M | +$2.8M | +3.3% |
| Equity securities with readily determinable fair values, not held for trading | $0K | $0K | $0K | n/a |
| Loans and leases held for sale | $15K | $356K | -$341K | -95.8% |
| Net loans and leases (after allowance) | $325.9M | $306.4M | +$19.5M | +6.4% |
| Trading assets | $0K | $0K | $0K | n/a |
| Premises and fixed assets | $12.1M | $12.3M | -$212K | -1.7% |
| Other real estate owned | $0K | $0K | $0K | n/a |
| Investments in unconsolidated subsidiaries and associated companies | $0K | $0K | $0K | n/a |
| Direct and indirect investments in real estate ventures | $0K | $0K | $0K | n/a |
| Intangible assets (goodwill, servicing, other) | $370K | $340K | +$30K | +8.8% |
| All other assets | $12.1M | $7.4M | +$4.7M | +63.1% |
| Total assets | $499.0M | $471.0M | +$28.0M | +5.9% |
| Liabilities | ||||
| Total deposits | $455.5M | $429.3M | +$26.1M | +6.1% |
| Federal funds purchased | $0K | $0K | $0K | n/a |
| Securities sold under agreements to repurchase | $0K | $0K | $0K | n/a |
| Trading liabilities | $0K | $0K | $0K | n/a |
| Other borrowed money | $0K | $0K | $0K | n/a |
| Subordinated notes and debentures | $0K | $0K | $0K | n/a |
| All other liabilities | $3.3M | $2.9M | +$465K | +16.1% |
| Total liabilities | $458.8M | $432.2M | +$26.6M | +6.1% |
| Equity | ||||
| Perpetual preferred stock | $0K | $0K | $0K | n/a |
| Common stock | $4.9M | $4.9M | $0K | 0.0% |
| Surplus | $31.3M | $26.3M | +$5.0M | +19.0% |
| Retained earnings | $6.2M | $9.9M | -$3.7M | -37.1% |
| Accumulated other comprehensive income | -$2.1M | -$2.2M | +$93K | +4.2% |
| Other equity components | $0K | $0K | $0K | n/a |
| Total equity capital | $40.2M | $38.8M | +$1.4M | +3.7% |
| Credit and capital | ||||
| Gross nonperforming assets | $102K | $0K | +$102K | n/a |
| Adjusted nonperforming assets | $102K | $0K | +$102K | n/a |
| Tangible equity plus allowance | $43.8M | $42.3M | +$1.4M | +3.4% |
| Texas ratio (gross) | 0.23% | 0.00% | +0.23 pts | See points |
| Texas ratio (adjusted) | 0.23% | 0.00% | +0.23 pts | See points |
| Texas ratio (adjusted, with performing restructured) | 0.23% | 0.00% | +0.23 pts | See points |
| Tier 1 capital to risk-weighted assets | 13.56% | 14.34% | -0.78 pts | See points |
| Common equity Tier 1 to risk-weighted assets | 13.56% | 14.34% | -0.78 pts | See points |
| Tier 2 capital to risk-weighted assets | 1.25% | 1.25% | -0.00 pts | See points |
| Total risk-based capital to risk-weighted assets | 14.81% | 15.60% | -0.78 pts | See points |
| Tier 1 leverage (approximate) | 8.91% | 8.99% | -0.07 pts | See points |
| Construction and land loans to total capital | 63.09% | 54.61% | +8.48 pts | See points |
| Commercial real estate to total capital | 208.08% | 187.91% | +20.18 pts | See points |
| Dividend payout, year to date | 54.91% | 69.15% | -14.24 pts | See points |
| Securities unrealized gain (loss) to Tier 1 capital | -7.28% | -7.75% | +0.46 pts | See points |
| Liquidity | ||||
| Core deposits | $401.5M | $374.2M | +$27.3M | +7.3% |
| Non-core funding | $53.9M | $55.1M | -$1.2M | -2.2% |
| Loans to core deposits | 82.15% | 82.93% | -0.78 pts | See points |
| Loans to deposits | 72.42% | 72.28% | +0.14 pts | See points |
| Brokered deposits share of deposits | 1.10% | 1.16% | -0.07 pts | See points |
| Pledged securities share of securities | 18.70% | 18.13% | +0.57 pts | See points |
| Loans pledged, share of loans | 30.83% | 29.67% | +1.17 pts | See points |
| Volatile liabilities | $53.9M | $55.1M | -$1.2M | -2.2% |
| Earnings | ||||
| Earnings before provision, year to date | $4.4M | $2.0M | +$2.4M | +122.1% |
| Earnings before provision, single quarter | $2.4M | $2.0M | +$434K | +22.1% |
| Provision for credit losses, year to date | $105K | $62K | +$43K | +69.4% |
| Yield and cost | ||||
| Yield on loans and leases | 6.22% | 5.93% | +0.29 pts | See points |
| Yield on interest-bearing balances due from banks | 4.23% | 3.25% | +0.98 pts | See points |
| Total interest income to average assets | 5.19% | 4.95% | +0.24 pts | See points |
| Cost of interest-bearing transaction accounts | 0.06% | 0.06% | -0.01 pts | See points |
| Cost of savings and money market deposits | 2.28% | 2.16% | +0.12 pts | See points |
| Cost of time deposits | 3.77% | 3.86% | -0.09 pts | See points |
| Total interest expense to average assets | 1.63% | 1.60% | +0.03 pts | See points |
Dollar lines show the change in dollars and percent. Ratio lines show the change in percentage points. Earnings lines marked year to date restart each January; the single-quarter line removes that restart.
Recent activity
No reviewed changes are available for this institution in the tracked window. This does not establish that no event occurred.
Ten-year database
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| 2026-09-30 | $479M | $436M | $331M | 1.82% | 22.28% | 3.61% |
| 2026-06-30 | $499M | $455M | $326M | 1.77% | 21.72% | 3.55% |
| 2026-03-31 | $471M | $429M | $307M | 1.61% | 19.65% | 3.42% |
Branch detail unavailable. Locations are not inferred from headquarters.
Annual FDIC Summary of Deposits, by state, as of the 2025 snapshot effective 2025-06-30. Deposits and share are as of that retained annual snapshot, not a quarterly balance — do not compare directly to Call Report deposit figures reported elsewhere on this profile.
| State | Deposits | Market share | Rank | Year over year |
|---|---|---|---|---|
| MN | $329.5M | 0.11% | 91 | Continuing · +0.01 pp |
| WI | $33.7M | 0.02% | 182 | Continuing · +0.00 pp |
Source: FDIC Summary of Deposits, annual release. Market share divides this institution's reported branch deposits by all retained deposits in the same state for the same year — not a quarterly balance, current rate, or organic-growth attribution. Inspect year-over-year market change →
Workforce history unavailable: no compatible reported FTE or office observation. Missing values are not zero.
No matched ownership, transformations, or reviewed revisions are available. Absence of a match is not proof that no change occurred.