The First State Bank of Rosemount
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Data as of · sourced from FFIEC call reports. How we update
The First State Bank of Rosemount is an FDIC-insured commercial bank headquartered in Rosemount, MN, established in 1909 (FDIC certificate 9769), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $146.1M, up 1.2% from Q2 2025, the 135th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 9.66% 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
- 9769
- Headquarters
- Rosemount, MN
- Established
- 1909
- Total assets, Q2 2026
- $146.1M
- Assets vs Q2 2025
- +1.2%
- CET1 ratio, Q2 2026
- 9.66%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091909217
- Latest call report
- Q2 2026, FFIEC 051 · The First State Bank of Rosemount call report
- Holding company
- HIGGINS BANCORPORATION, INC.
- Asset rank in state
- 135th of 221 in Minnesota
The First State Bank of Rosemount operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $146 million at June 30, 2026, up 1.2% from a year earlier; it is based in Rosemount, Minnesota. It holds common equity equal to 9.66% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also carries problem assets equal to 36.7% of the capital and reserves that would absorb them, 13.9 times the median of 2.6% for banks its size.
The commercial and industrial book ($12 million) is worsening: 11.58% of it is past due or on nonaccrual, up from 4.80% a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 2.88% of loans, down from 3.59% a year earlier. Profitability lags: it earns about $0.54 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, The First State Bank of Rosemount reported a CET1 capital ratio of 9.66%, a return on assets of 0.54%, a nonperforming-loan ratio of 2.88% and a Texas ratio of 36.69%. The figures come from its call report filed with the FFIEC.
The First State Bank of Rosemount ranks as the 135th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 6.0% to $146.1M, loans fell 2.1% and deposits fell 6.7%. 1-4 family residential loans made up 56.3% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 12.9%. Its 2 offices in the FDIC Summary of Deposits are in Rosemount, MN. Judged on its Q2 2026 call report, The First State Bank of Rosemount meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3025 145th St W, Rosemount, MN 55068
- County
- Dakota
- 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, 1909
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $138.4M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- $71K
- Average total assets
- $152.1M
- Average total loans
- $103.4M
- Average interest-bearing deposits
- $118.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9769
- Fed RSSD
- 760957
- Website
- www.fsbrosemount.com →
- Parent Holding Company
- HIGGINS BANCORPORATION, INC. (RSSD 2380948)
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
The First State Bank of Rosemount's total assets moved between a low of $109.1M (Q3 2023) and a high of $155.4M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$146.1M total assets against $144.4M; $139.2M total liabilities against $138.3M.
$101.6M net loans and leases against $102.2M; $138.4M total deposits against $134.6M.
$27.1M securities against $27.3M; $5.2M cash and balances due against $2.2M.
$2.0M total interest income against $1.8M; $847K total interest expense against $753K.
$1.1M net interest income against $1.1M.
$174K total noninterest income against $44K; $984K total noninterest expense against $849K.
$100K provision for credit losses against $75K.
$205K net income against $166K.
0.54% return on assets against 0.46%; 3.19% net interest margin against 3.26%.
9.66% CET1 capital ratio against 9.32%; 6.28% tier 1 leverage ratio against 6.59%.
Inside the full The First State Bank of Rosemount terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe First State Bank of Rosemount rankings
Its closest position to the top of a national ranking is 39 of 3,640, for Texas Ratio; its furthest is 2,120 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.48% (Q4 2025) to 0.54% (Q2 2026) and its net interest margin ran from 2.86% (Q4 2025) to 3.30% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.66% | 0.54% | 2.88% | 36.69% | 3.19% |
| Q1 2026 | 9.03% | 0.12% | 2.62% | 36.57% | 3.17% |
| Q4 2025 | 8.78% | -0.48% | 3.73% | 52.18% | 2.86% |
| Q3 2025 | 8.91% | 0.38% | 4.16% | 59.08% | 3.30% |
| Q2 2025 | 9.32% | 0.46% | 3.59% | 53.01% | 3.26% |
| Q1 2025 | 9.18% | 0.09% | 3.80% | 58.76% | 3.19% |
| Q4 2024 | 9.64% | 0.40% | 3.58% | 54.91% | 3.15% |
| Q3 2024 | 9.82% | 0.36% | 4.00% | 53.01% | 2.95% |
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 |
|---|---|---|---|
| The First State Bank of Rosemount | Rosemount , MN | 55068 | $131.8M |
| Rosemount Branch | Rosemount , MN | 55068 | $6.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 163 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 15 applications, 12 loans originated, $3.1M originated, across 1 states
- Period: Calendar year 2023. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $350K approved, $350K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (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 The First State Bank of Rosemount
What are The First State Bank of Rosemount's total assets?
As of the Q2 2026 filing, The First State Bank of Rosemount reported total assets of $146.1 million in its FFIEC call report.
Where is The First State Bank of Rosemount headquartered?
It is headquartered in Rosemount, MN, United States.
When was The First State Bank of Rosemount founded?
It was established in 1909, per the FDIC institution directory.
Is The First State Bank of Rosemount FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9769). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First State Bank of Rosemount?
The First State Bank of Rosemount's primary federal regulator is the FDIC.
What is The First State Bank of Rosemount's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 9.66% in its Q2 2026 call report, above the 7% level required once the capital conservation buffer is included.
How many branches does The First State Bank of Rosemount 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 The First State Bank of Rosemount's Texas Ratio?
Its Texas Ratio is 36.69% 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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