First Southeast Bank
BankRegReports is independent of First Southeast Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First Southeast Bank is an FDIC-insured commercial bank headquartered in Harmony, MN, established in 1893 (FDIC certificate 10576), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $158.3M, up 8.2% from Q2 2025, the 129th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 9.73% at Q2 2026, above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10576
- Headquarters
- Harmony, MN
- Established
- 1893
- Total assets, Q2 2026
- $158.3M
- Assets vs Q2 2025
- +8.2%
- CET1 ratio, Q2 2026
- 9.73%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091204462
- Holding company
- FIRST SOUTHEASTERN BANC GROUP, INC.
- Asset rank in state
- 129th of 221 in Minnesota
First Southeast Bank is one of the more profitable banks of its size. The Harmony, Minnesota bank had $158 million in assets at June 30, 2026, up 8.2% from a year earlier. It returns 22.0% a year on shareholders' equity, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 12.5%). On the other hand, it holds common equity equal to 9.73% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 15.12%).
Delinquency has appeared in its $16 million commercial and industrial book: 4.10% of those loans are past due or on nonaccrual, against almost none a year earlier. Earnings jumped: net income for the quarter was $658,000, 45% above the same quarter a year earlier.
As of June 30, 2026, First Southeast Bank reported a CET1 capital ratio of 9.73%, a return on assets of 1.69%, a nonperforming-loan ratio of 0.14% and a Texas ratio of 1.45%. The figures come from its call report filed with the FFIEC.
First Southeast Bank ranks as the 129th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 3.0% to $158.3M, loans rose 2.7% and deposits rose 4.0%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 33.7% of total loans, ahead of agricultural production loans at 24.3%. Its 3 offices in the FDIC Summary of Deposits are in Harmony, MN, Granger, MN and Canton, MN; its Harmony office books 100% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Southeast Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3 Main Ave N, Harmony, MN 55939
- County
- Fillmore
- Metro Area
- Rochester, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 15, 1893
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 21
- Domestic deposits
- $116.0M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- -$6K
- Average total assets
- $155.4M
- Average total loans
- $134.9M
- Average interest-bearing deposits
- $86.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10576
- Fed RSSD
- 22552
- Parent Holding Company
- FIRST SOUTHEASTERN BANC GROUP, INC. (RSSD 1137510)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
First Southeast Bank's total assets moved between a low of $122.7M (Q3 2023) and a high of $158.3M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$158.3M total assets against $146.3M; $146.3M total liabilities against $135.6M.
$136.0M net loans and leases against $123.4M; $116.0M total deposits against $106.6M.
$14.0M securities against $15.3M; $2.3M cash and balances due against $2.1M.
$2.3M total interest income against $2.0M; $714K total interest expense against $688K.
$1.6M net interest income against $1.3M.
$76K total noninterest income against $96K; $936K total noninterest expense against $914K.
$70K provision for credit losses against $48K.
$658K net income against $455K.
1.69% return on assets against 1.27%; 4.14% net interest margin against 3.80%.
9.73% CET1 capital ratio against 9.90%; 8.42% tier 1 leverage ratio against 8.38%.
Inside the full First Southeast Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First Southeast Bank rankings
Its closest position to the top of a national ranking is 919 of 3,611, for ROA; its furthest is 2,117 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.89% (Q4 2024) to 1.69% (Q2 2026) and its net interest margin ran from 3.60% (Q1 2025) to 4.19% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.73% | 1.69% | 0.14% | 1.45% | 4.14% |
| Q1 2026 | 10.10% | 1.53% | 0.01% | 0.05% | 3.99% |
| Q4 2025 | 9.62% | 1.49% | 0.00% | 0.00% | 4.19% |
| Q3 2025 | 9.90% | 1.36% | 0.04% | 0.40% | 3.79% |
| Q2 2025 | 9.90% | 1.27% | 0.04% | 0.44% | 3.80% |
| Q1 2025 | 9.97% | 1.04% | 0.00% | 0.00% | 3.60% |
| Q4 2024 | 8.64% | 0.89% | 0.00% | 0.00% | 3.86% |
| Q3 2024 | 9.13% | 0.95% | 0.00% | 3.23% | 3.61% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Southeast Bank (main office) | Harmony , MN | 55939 | $116.0M |
| Granger Branch | Granger , MN | 55939 | $0 |
| Canton Branch | Canton , MN | 55922 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| August 27, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 27, 2011 | Structure Change | Acquired Canton State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1999 | Structure Change | Acquired Granger State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 177 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 26 applications, 22 loans originated, $1.8M originated, across 2 states
- Period: Calendar year 2018. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $324K approved, $162K average. 50.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows First Southeast Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about First Southeast Bank
What are First Southeast Bank's total assets?
As of the Q2 2026 filing, First Southeast Bank reported total assets of $158.3 million in its FFIEC call report.
Where is First Southeast Bank headquartered?
It is headquartered in Harmony, MN, United States.
When was First Southeast Bank founded?
It was established in 1893, per the FDIC institution directory.
Is First Southeast Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10576). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Southeast Bank?
First Southeast Bank's primary federal regulator is the FDIC.
What is First Southeast Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 9.73% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does First Southeast Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Southeast Bank's Texas Ratio?
Its Texas Ratio is 1.45% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on First Southeast Bank.
Get an email when First Southeast Bank files its next call report, and benchmark it against any peer you choose.
Unlock First Southeast Bank, freeFree account