First State Bank&Trust
Bayport, Minnesota · FDIC Cert #10159
First State Bank&Trust is an FDIC-insured bank (Certificate #10159) with $377M in total assets and $343M in total deposits as of the Q2 2024 Call Report. Headquartered in Bayport, Minnesota, the bank maintains a Tier 1 capital ratio of 13.47% (Well-Capitalized) and a nonperforming loan ratio of 0.09%. BankHealthData assigns a composite Health Grade of A (86/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First State Bank&Trust (FDIC cert 10159) is a community bank — $377M in total assets, $343M in deposits, serving the Bayport, 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 strong: Tier 1 capital ratio of 13.47% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.09% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is in the normal range: 23.7% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 1.15% 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&Trust carries a composite BankHealth grade of A (86/100) 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&Trust
- Total Assets
- $377M
- Total Deposits
- $343M
- Tier 1 Capital Ratio
- 13.47%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.09%
- Liquidity Ratio
- 23.75%
- Return on Assets
- 1.15%
- Headquarters
- Bayport, Minnesota
- FDIC Certificate
- #10159
- Health Grade
- A (86/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First State Bank&Trust holds a Tier 1 capital ratio of 13.47%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First State Bank&Trust has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First State Bank&Trust shows strong financial health indicators. With $377M in assets and a Health Score of 86/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
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&Trust Compares
First State Bank&Trust’s Health Score of 86 is 13 points above the Minnesota state average of 73 across 225 FDIC-insured banks. Its 13.47% Tier 1 capital ratio is 0.5 points below the US banking industry average near 14%. The 0.09% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.15% is in line with or above the national ROA benchmark of ~1.1%. Among 1554 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort. Site-wide, First State Bank&Trust is 16 points above the portfolio average of 70.
Frequently Asked Questions
First State Bank&Trust has a Bank Health Score of A (86/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 13.47%, 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&Trust's Tier 1 capital ratio of 13.47% and nonperforming loan ratio of 0.09% indicate a low 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&Trust is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #10159). 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&Trust holds $377M in total assets and $343M in total deposits. It is headquartered in Bayport, Minnesota (FDIC Certificate #10159).
First State Bank&Trust has a Tier 1 capital ratio of 13.47%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.09%, and the return on assets is 1.15%.
Yes. First State Bank&Trust is FDIC-insured (Certificate #10159). 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 A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First State Bank&Trust's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.