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First State Bank Southwest Locations & Branches Pipestone, Minnesota
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First State Bank Southwest operates 6 branches from its headquarters in Pipestone, MN, .
First State Bank Southwest branch network
Its 6 branches span 2 states and 5 cities. The most are in MINNESOTA (5) and SOUTH DAKOTA (1). MINNESOTA holds 97.3% of its branch deposits. Edgerton, MN has the most of its branches, 2. Its largest office by deposits is the Worthington Branch office in Worthington, MN, with $194.7M (55.5% of its branch deposits). It had the same number of branches on June 30, 2025.
First State Bank Southwest at a glance
Its CET1 capital ratio was 16.28% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Total assets, Q2 2026
- $409.9M
- CET1 ratio, Q2 2026
- 16.28%
- Deposit insurance
- FDIC
- Regulator
- Federal Reserve
- Latest call report
- Q2 2026, FFIEC 051
- Established
- 1903
Full financial profile · Is First State Bank Southwest safe? · First State Bank Southwest call report · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Pipestone, MN (1 branch) | 3 of 3 | 7.3% | $34.1M |
| State: MN (5 branches) | 88 of 277 | 0.1% | $341.1M |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
First State Bank Southwest's share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Nobles, MN (3 branches) | 1 of 9 | 31.8% | $230.7M | $724.4M |
| Pipestone, MN (2 branches) | 3 of 4 | 19.1% | $110.5M | $577.0M |
| Minnehaha, SD (1 branch) | 25 of 25 | <0.1% | $9.6M | $478.92B |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Worthington, MN (3 branches) | 1 of 9 | 31.8% | $230.7M | $724.4M |
| Sioux Falls, SD (1 branch) | 39 of 39 | <0.1% | $9.6M | $1.13T |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Worthington Branch | Worthington, MN | 56187 | $194.7M |
| Edgerton Branch | Edgerton, MN | 56128 | $76.3M |
| First State Bank Southwest (main office) | Pipestone, MN | 56164 | $34.1M |
| Rushmore Branch | Rushmore, MN | 56168 | $25.4M |
| Leota Branch | Edgerton, MN | 56128 | $10.5M |
| Sioux Falls Branch | Sioux Falls, SD | 57108 | $9.6M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 9770) · FFIEC NIC profile (RSSD 823656)