First State Bank And Trust
FDIC #10159
📍 Bayport, Minnesota
First State Bank And Trust is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1914. With assets of $379.26 Million, it operates 4 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 1, 2024
Satisfactory
April 1, 2021
Satisfactory
May 1, 2015
Satisfactory
💰 Financial Strength
Total Assets$379.26 Million
Total Deposits$349.36 Million
Equity Capital$26.40 Million
Net Income$2.93 Million
📈 Performance
ROA1.05%
ROE14.58%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1914
FDIC Cert10159
Holding CoUniversal Finl Services Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 6:00 PM
Tuesday8:00 AM - 6:00 PM
Wednesday8:00 AM - 6:00 PM
Thursday8:00 AM - 6:00 PM
Friday8:00 AM - 6:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2006
Name Change
Name became: Changed Institution Name To First State Bank And Trust.
1998
Name Change
Name became: Changed Institution Name To First State Bank Of Bayport.
1984
Relocation
Moved HQ to: 950 North Highway 95, Bayport, MN 55003.
📍 Branch Locations (4)
Boutwell's Landing - Town Square Branch
5590 Norwich Pkwy
Oak Park Heights, Minnesota 55082
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5590 Norwich Pkwy
Oak Park Heights, Minnesota 55082
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