First State Bank of Le Center
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Data as of · sourced from FFIEC call reports. How we update
First State Bank of Le Center is an FDIC-insured commercial bank headquartered in Le Center, MN, established in 1902 (FDIC certificate 9330), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $110.4M, little changed from Q2 2025, the 162nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 13.68% 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
- 9330
- Headquarters
- Le Center, MN
- Established
- 1902
- Total assets, Q2 2026
- $110.4M
- Assets vs Q2 2025
- 0.0%
- CET1 ratio, Q2 2026
- 13.68%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091904267
- Latest call report
- Q2 2026, FFIEC 051 · First State Bank of Le Center call report
- Holding company
- FIRST STATE AGENCY OF LE CENTER, INC.
- Asset rank in state
- 162nd of 221 in Minnesota
Problem loans are rising at First State Bank of Le Center. The Le Center, Minnesota bank had $110 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.81% of loans from 0.09% a year earlier. It keeps 4.83 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 1.18% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $530,000, 147% above the same quarter a year earlier. Over the same year, loans grew 9.2% and deposits shrank 1.1%. One more trend to watch: the commercial and industrial book ($10 million) is worsening: 1.02% of it is past due or on nonaccrual, up from 0.38% a year earlier.
As of June 30, 2026, First State Bank of Le Center reported a CET1 capital ratio of 13.68%, a return on assets of 1.91%, a nonperforming-loan ratio of 0.81% and a Texas ratio of 4.87%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, First State Bank of Le Center is the 162nd largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.4% to $110.4M, loans rose 2.2% and deposits fell 0.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 33.4% of total loans, followed by agricultural production loans at 24.5%. Its 2 offices in the FDIC Summary of Deposits are in Le Center, MN and Henderson, MN; its Le Center office books 72% of its branch deposits. By the capital ratios in its Q2 2026 call report, First State Bank of Le Center meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 88 N Park Ave, Le Center, MN 56057
- County
- Le Sueur
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- 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
- January 1, 1902
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 17
- Domestic deposits
- $92.3M
- Allowance for credit losses
- $955K
- Net charge-offs (YTD)
- -$4K
- Average total assets
- $110.8M
- Average total loans
- $76.5M
- Average interest-bearing deposits
- $71.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9330
- Fed RSSD
- 986159
- Website
- www.fsblecenter.com →
- Parent Holding Company
- FIRST STATE AGENCY OF LE CENTER, INC. (RSSD 1127940)
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
From Q3 2023 to Q2 2026, First State Bank of Le Center's total assets ranged from $102.5M (Q3 2023) to $113.8M (Q4 2025), 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
$110.4M total assets against $110.4M; $98.3M total liabilities against $99.2M.
$76.9M net loans and leases against $70.2M; $92.3M total deposits against $93.3M.
$21.3M securities against $20.9M; $9.2M cash and balances due against $16.2M.
$1.5M total interest income against $1.4M; $287K total interest expense against $306K.
$1.3M net interest income against $1.1M.
$87K total noninterest income against $53K; $750K total noninterest expense against $705K.
$10K provision for credit losses against $220K.
$530K net income against $215K.
1.91% return on assets against 0.79%; 4.83% net interest margin against 4.33%.
13.68% CET1 capital ratio against 12.44%; 11.15% tier 1 leverage ratio against 10.57%.
Inside the full First State Bank of Le Center terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst State Bank of Le Center rankings
Its closest position to the top of a national ranking is 593 of 3,611, for ROA; its furthest is 3,588 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.79% (Q2 2025) to 1.91% (Q2 2026) and its net interest margin ran from 4.18% (Q4 2024) to 4.83% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.68% | 1.91% | 0.81% | 4.87% | 4.83% |
| Q1 2026 | 12.93% | 1.81% | 0.89% | 5.41% | 4.63% |
| Q4 2025 | 12.88% | 0.94% | 0.90% | 5.29% | 4.55% |
| Q3 2025 | 13.47% | 1.84% | 1.18% | 6.79% | 4.63% |
| Q2 2025 | 12.44% | 0.79% | 0.09% | 0.50% | 4.33% |
| Q1 2025 | 13.16% | 1.40% | 0.90% | 5.27% | 4.30% |
| Q4 2024 | 15.41% | 0.89% | 0.49% | 2.80% | 4.18% |
| Q3 2024 | 14.41% | 1.43% | 0.06% | 0.34% | 4.34% |
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 Le Center (main office) | Le Center , MN | 56057 | $66.3M |
| Henderson Branch | Henderson , MN | 56044 | $26.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 202 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 51 applications, 47 loans originated, $7.2M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $210K approved, $210K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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
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Frequently asked about First State Bank of Le Center
What are First State Bank of Le Center's total assets?
As of the Q2 2026 filing, First State Bank of Le Center reported total assets of $110.4 million in its FFIEC call report.
Where is First State Bank of Le Center headquartered?
It is headquartered in Le Center, MN, United States.
When was First State Bank of Le Center founded?
It was established in 1902, per the FDIC institution directory.
Is First State Bank of Le Center FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9330). 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 Le Center?
First State Bank of Le Center's primary federal regulator is the FDIC.
What is First State Bank of Le Center's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.68% 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 Le Center 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 Le Center's Texas Ratio?
Its Texas Ratio is 4.87% 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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