Bank · FDIC insured
First State Bank
A $424.2M bank headquartered in Buxton, ND, with 5 branches in North Dakota. Best rates: CDs 4.25% and savings 0.75% APY.
First State Bank Carrot Score
83
Carrot Score
Higher than 63% of U.S. banks and credit unions
#7 of 15 in Grand Forks, ND-MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First State Bank
First State Bank traces its history back to 1879 and was chartered as the Bank of Buxton in 1885.
Sold to area investors in 1972, the locally owned bank operates five locations across Buxton, Grand Forks, Mayville, Portland, and Thompson in North Dakota's Red River Valley.
The institution expanded through acquisitions, including merging First and Farmers Bank into First State Bank in 2019.
- Headquarters
- 423 Broadway, Buxton, ND 58218
- FDIC certificate
- 15539 ↗
Branches
5 branches in North Dakota
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North Dakota
5 branches
Grand Forks area · 2
- Grand Forks Branch2500 32nd Ave S, Grand Forks, ND 58201Directions
- Paying And Receiving Branch620 Broadway St, Thompson, ND 58278Directions
Buxton area · 1
- First State BankMain office423 Broadway, Buxton, ND 58218Directions
Mayville area · 1
- Mayville Branch124 Center Ave S, Mayville, ND 58257Directions
Portland area · 1
- Portland Branch509 Parke Ave, Portland, ND 58274Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.83% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 2.08% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $106 | $81 | — |
- CapitalLeverage ratio9.83%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets2.08%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$106Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.