First State Bank of Bigfork
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Data as of · sourced from FFIEC call reports. How we update
First State Bank of Bigfork is an FDIC-insured commercial bank headquartered in Bigfork, MN, established in 1912 (FDIC certificate 10991), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $117.4M, up 6.7% from Q2 2025, the 155th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 19.22% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10991
- Headquarters
- Bigfork, MN
- Established
- 1912
- Total assets, Q2 2026
- $117.4M
- Assets vs Q2 2025
- +6.7%
- CET1 ratio, Q2 2026
- 19.22%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091210744
- Latest call report
- Q2 2026, FFIEC 041 · First State Bank of Bigfork call report
- Holding company
- BIGFORK BANCSHARES, INC.
- Asset rank in state
- 155th of 221 in Minnesota
Problem loans are rising at First State Bank of Bigfork. Its balance sheet stood at $117 million at June 30, 2026, up 6.7% from a year earlier; it is based in Bigfork, Minnesota. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 6.39% of loans from 5.66% a year earlier. It carries problem assets equal to 37.3% of the capital and reserves that would absorb them, 14.1 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 2.3% over the year, lower than about three-quarters of banks its size (median 5.5%).
The commercial and industrial book ($9.6 million) is worsening: 18.91% of it is past due or on nonaccrual, up from 15.90% a year earlier. Loans and deposits moved in opposite directions: over the year loans fell 2.3% and deposits rose 7.5%.
As of June 30, 2026, First State Bank of Bigfork reported a CET1 capital ratio of 19.22%, a return on assets of 0.96%, a nonperforming-loan ratio of 6.39% and a Texas ratio of 37.28%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First State Bank of Bigfork is the 155th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.6% to $117.4M, loans rose 0.7% and deposits fell 0.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 48.4% of total loans, ahead of commercial and industrial loans at 11.9%. Its 2 offices in the FDIC Summary of Deposits are in Bigfork, MN and Kelliher, MN; its Bigfork office books 71% of its branch deposits. On its Q2 2026 call report, First State Bank of Bigfork meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 400 Main Avenue, Bigfork, MN 56628
- County
- Itasca
- Metro Area
- Grand Rapids, 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 041
- Established
- August 12, 1912
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 22
- Domestic deposits
- $101.3M
- Allowance for credit losses
- $1.1M
- Net charge-offs (YTD)
- -$34K
- Average total assets
- $118.1M
- Average total loans
- $79.6M
- Average interest-bearing deposits
- $84.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10991
- Fed RSSD
- 364850
- Website
- www.fsbbigfork.com →
- Parent Holding Company
- BIGFORK BANCSHARES, INC. (RSSD 1990087)
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 State Bank of Bigfork's total assets moved between a low of $103.3M (Q4 2023) and a high of $118.2M (Q1 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
$117.4M total assets against $110.0M; $104.2M total liabilities against $97.5M.
$79.8M net loans and leases against $81.9M; $101.3M total deposits against $94.2M.
$16.0M securities against $10.0M; $18.8M cash and balances due against $15.3M.
$1.7M total interest income against $1.5M; $575K total interest expense against $530K.
$1.1M net interest income against $1.0M.
$60K total noninterest income against $55K; $801K total noninterest expense against $706K.
$30K provision for credit losses against $60K.
$284K net income against $241K.
0.96% return on assets against 0.88%; 3.95% net interest margin against 3.82%.
19.22% CET1 capital ratio against 17.46%; 11.33% tier 1 leverage ratio against 11.41%.
Inside the full First State Bank of Bigfork 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First State Bank of Bigfork rankings
Its closest position to the top of a national ranking is 38 of 3,640, for Texas Ratio; its furthest is 3,536 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.33% (Q3 2025) to 1.21% (Q1 2026) and its net interest margin ran from 3.09% (Q3 2025) to 4.28% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.22% | 0.96% | 6.39% | 37.28% | 3.95% |
| Q1 2026 | 18.99% | 1.21% | 7.14% | 40.31% | 4.26% |
| Q4 2025 | 18.44% | 0.86% | 6.67% | 39.23% | 4.28% |
| Q3 2025 | 17.60% | 0.33% | 6.99% | 42.27% | 3.09% |
| Q2 2025 | 17.46% | 0.88% | 5.83% | 35.94% | 3.82% |
| Q1 2025 | 17.36% | 0.58% | 5.06% | 30.83% | 3.84% |
| Q4 2024 | 16.42% | 0.58% | 4.50% | 28.29% | 4.02% |
| Q3 2024 | — | 0.79% | 5.18% | 32.94% | 3.97% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 State Bank of Bigfork (main office) | Bigfork , MN | 56628 | $71.9M |
| Kelliher Branch | Kelliher , MN | 56650 | $29.4M |
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 |
|---|---|---|---|
| January 1, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2011 | Structure Change | Acquired Citizens State Bank of Kelliher 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 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 193 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $198K approved, $198K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First State Bank of Bigfork
What are First State Bank of Bigfork's total assets?
As of the Q2 2026 filing, First State Bank of Bigfork reported total assets of $117.4 million in its FFIEC call report.
Where is First State Bank of Bigfork headquartered?
It is headquartered in Bigfork, MN, United States.
When was First State Bank of Bigfork founded?
It was established in 1912, per the FDIC institution directory.
Is First State Bank of Bigfork FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10991). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank of Bigfork?
First State Bank of Bigfork's primary federal regulator is the FDIC.
What is First State Bank of Bigfork's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.22% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First State Bank of Bigfork operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank of Bigfork's Texas Ratio?
Its Texas Ratio is 37.28% 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.
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