The First State Bank of Shelby
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Data as of · sourced from FFIEC call reports. How we update
The First State Bank of Shelby is an FDIC-insured commercial bank headquartered in Shelby, MT, established in 1910 (FDIC certificate 11013), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $175.6M, up 10.4% from Q2 2025, the 22nd largest of 35 banks headquartered in Montana. It reports no CET1 ratio; its Tier 1 leverage ratio was 19.38% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 11013
- Headquarters
- Shelby, MT
- Established
- 1910
- Total assets, Q2 2026
- $175.6M
- Assets vs Q2 2025
- +10.4%
- Tier 1 leverage ratio, Q2 2026
- 19.38%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 092902271
- Latest call report
- Q2 2026, FFIEC 051 · The First State Bank of Shelby call report
- Holding company
- PRAIRIE BANCSHARES CORPORATION
- Asset rank in state
- 22nd of 35 in Montana
The First State Bank of Shelby, based in Shelby, Montana, reported $176 million in assets at June 30, 2026, up 10.4% from a year earlier. It keeps 2.61 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it funds 19.38% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.99%).
Earnings jumped: net income for the quarter was $558,000, 91% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $14 million equal 44% of Tier 1 capital, down from 56% a year earlier.
As of June 30, 2026, The First State Bank of Shelby reported a return on assets of 1.30%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The First State Bank of Shelby is the 22nd largest of the 35 banks headquartered in Montana. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 3.9% to $175.6M, loans rose 8.5% and deposits rose 4.3%. Agricultural production loans made up 34.8% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 24.2%. Its one office in the FDIC Summary of Deposits is in Shelby, MT. Judged on its Q2 2026 call report, The First State Bank of Shelby meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 320 Main St, Shelby, MT 59474
- County
- Toole
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1910
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $148.5M
- Allowance for credit losses
- $33K
- Net charge-offs (YTD)
- -$67K
- Average total assets
- $171.1M
- Average total loans
- $23.5M
- Average interest-bearing deposits
- $85.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11013
- Fed RSSD
- 686758
- Website
- www.fsbshelby.com →
- Parent Holding Company
- PRAIRIE BANCSHARES CORPORATION (RSSD 1126493)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, The First State Bank of Shelby reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, The First State Bank of Shelby's total assets ranged from $156.8M (Q3 2024) to $175.6M (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$175.6M total assets against $159.1M; $149.3M total liabilities against $134.5M.
$24.5M net loans and leases against $24.4M; $148.5M total deposits against $133.8M.
$127.1M securities against $117.1M; $19.4M cash and balances due against $12.8M.
$1.5M total interest income against $1.3M; $480K total interest expense against $540K.
$1.0M net interest income against $804K.
$91K total noninterest income against $93K; $619K total noninterest expense against $600K.
-$55K provision for credit losses against $0.
$558K net income against $292K.
1.30% return on assets against 0.75%; 2.61% net interest margin against 2.32%.
19.38% tier 1 leverage ratio against 20.87%.
Inside the full The First State Bank of Shelby 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.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
The First State Bank of Shelby rankings
Its closest position to the top of a national ranking is 957 of 3,606, for efficiency ratio; its furthest is 3,553 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.11% (Q4 2024) to 1.30% (Q2 2026) and its net interest margin ran from 1.86% (Q3 2024) to 2.61% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.38% | 1.30% | 0.00% | 0.00% | 2.61% |
| Q1 2026 | 19.69% | 1.27% | 0.00% | 0.00% | 2.43% |
| Q4 2025 | 19.31% | 0.58% | 0.02% | 0.02% | 2.47% |
| Q3 2025 | 20.84% | 0.97% | 0.24% | 0.23% | 2.44% |
| Q2 2025 | 20.87% | 0.75% | 0.01% | 0.01% | 2.32% |
| Q1 2025 | 20.94% | 0.68% | 0.03% | 0.02% | 2.17% |
| Q4 2024 | 20.81% | 0.11% | 0.02% | 0.03% | 1.96% |
| Q3 2024 | 20.90% | 0.38% | 0.03% | 0.03% | 1.86% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 Shelby | Shelby , MT | 59474 | $148.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in MT, rank 26 of 48 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $569K approved, $569K 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, 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 The First State Bank of Shelby
What are The First State Bank of Shelby's total assets?
As of the Q2 2026 filing, The First State Bank of Shelby reported total assets of $175.6 million in its FFIEC call report.
Where is The First State Bank of Shelby headquartered?
It is headquartered in Shelby, MT, United States.
When was The First State Bank of Shelby founded?
It was established in 1910, per the FDIC institution directory.
Is The First State Bank of Shelby FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11013). 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 Shelby?
The First State Bank of Shelby's primary federal regulator is the FDIC.
How many branches does The First State Bank of Shelby operate?
It operates 1 domestic office, 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 Shelby's Texas Ratio?
Its Texas Ratio is 0.00% 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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