First State Bank and Trust
Bayport, MN · Owner: Universal Finl Services Inc
$499M
total assets, June 30, 2026
$499M
total assets, June 30, 2026
First State Bank and Trust is a state nonmember bank based in Bayport, MN, owned by Universal Finl Services Inc. As of June 30, 2026 it held $499.0 million in assets and $455.4 million in deposits; assets were up 19.8% from a year before. It has 4 branches in 2 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$499M
+19.8% in a year · +5.9% in a quarter
Deposits
$455M
+25.4% in a year · +6.1% in a quarter
Loans
$330M
+4.8% in a year · +6.2% in a quarter
Profit so far
$4.3M
Jan 1 to Jun 30, 2026 · +26.4% in a year
Capital ratio
8.91%
-0.28 pts in a year
Return on assets
1.77%
+0.15 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 950 Highway 95 N, Bayport, MN, 55003
- County
- Washington
- Holding company
- Universal Finl Services Inc
- Established
- Jan 1, 1914
- Employees
- 81
- Branches
- 4 in 2 states
- Website
- www.fsbt.com
- Id
- b10159
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
4 offices as of June 30, 2026, holding $455.4 million in deposits
Branch map
Every branch, sized by its deposits
| Largest branches | Place | Deposits |
|---|---|---|
| First State Bank And Trust (main office) | Bayport, MN | $295M |
| Oak Park Heights Branch | Oak Park Heights, MN | $121M |
| Hudson, Wi Branch | Hudson, WI | $39.3M |
| Boutwell'S Landing - Town Square Branch | Oak Park Heights, MN | $0 |
Related pages
Questions and answers
How big is First State Bank and Trust?
$499.0 million in total assets and $455.4 million in deposits as of June 30, 2026, with assets up 19.8% from a year before. Its loans were $329.9 million.
How many branches does First State Bank and Trust have?
4 branches in 2 states as of June 30, 2026. The most deposits are in Minnesota ($416.1 million).
Is First State Bank and Trust profitable?
Yes: it earned $4.26 million from January 1 to June 30, 2026 (up 26.4% from the same months a year before). Its return on assets was 1.77% a year; about 1% is typical.
Who owns First State Bank and Trust?
First State Bank and Trust is owned by Universal Finl Services Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.