First State Bank of Bigfork
Bigfork, Minnesota · FDIC Cert #10991
This is the FDIC profile for First State Bank of Bigfork, an FDIC-insured bank (Certificate #10991) with $104M in total assets and $89M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Bigfork, Minnesota, the bank maintains a Tier 1 capital ratio of 11.35% (Well-Capitalized) and a nonperforming loan ratio of 4.82%. BankHealthData assigns a composite Health Grade of D (45/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First State Bank of Bigfork (FDIC cert 10991) is a community bank — $104M in total assets, $89M in deposits, serving the Bigfork, Minnesota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 11.35% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 4.82% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is in the normal range: 18.1% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 0.99% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. First State Bank of Bigfork carries a composite BankHealth grade of D (45/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First State Bank of Bigfork
- Total Assets
- $104M
- Total Deposits
- $89M
- Tier 1 Capital Ratio
- 11.35%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 4.82%
- Liquidity Ratio
- 18.14%
- Return on Assets
- 0.99%
- Headquarters
- Bigfork, Minnesota
- FDIC Certificate
- #10991
- Health Grade
- D (45/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
First State Bank of Bigfork files quarterly Call Reports with the FDIC under Certificate #10991. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, First State Bank of Bigfork holds a Tier 1 capital ratio of 11.35%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First State Bank of Bigfork has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First State Bank of Bigfork shows some financial weakness with a Health Score of 45/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First State Bank of Bigfork Compares
First State Bank of Bigfork’s Health Score of 45 is 35 points below the Minnesota state average of 80 across 225 FDIC-insured banks. Its 11.35% Tier 1 capital ratio is 2.7 points below the US banking industry average near 14%. The 4.82% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.99% is below the national ROA benchmark of ~1.1%. Among 1135 similarly-sized banks, the average Health Score is 82, meaning this bank ranks below its size cohort. Site-wide, First State Bank of Bigfork is 35 points below the portfolio average of 80.
Frequently Asked Questions
First State Bank of Bigfork has a Bank Health Score of D (45/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 11.35%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First State Bank of Bigfork's Tier 1 capital ratio of 11.35% and nonperforming loan ratio of 4.82% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First State Bank of Bigfork is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #10991). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First State Bank of Bigfork holds $104M in total assets and $89M in total deposits. It is headquartered in Bigfork, Minnesota (FDIC Certificate #10991).
First State Bank of Bigfork's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #10991 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
First State Bank of Bigfork has a Tier 1 capital ratio of 11.35%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 4.82%, and the return on assets is 0.99%.
Yes. First State Bank of Bigfork is FDIC-insured (Certificate #10991). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First State Bank of Bigfork shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.