Bank · FDIC insured
First State Bank of Bigfork
A $117.4M bank headquartered in Bigfork, MN, with 2 branches in Minnesota. Best rates: CDs 3.70% and savings 1.26% APY.
First State Bank of Bigfork Carrot Score
79
Carrot Score
Higher than 48% of U.S. banks and credit unions
#4 of 12 in Grand Rapids, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First State Bank of Bigfork
Founded in 1912 by F.P. Sheldon, S.J. Moran, A.E. Peterson, and A. Wedge, Jr., First State Bank of Bigfork began on Main Street in Bigfork, Minnesota.
The locally owned bank expanded in 2011 by acquiring a branch in Kelliher, operating two offices in Bigfork and Kelliher.
- Headquarters
- 400 Main Avenue, Bigfork, MN 56628
- FDIC certificate
- 10991 ↗
Branches
2 branches in Minnesota
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Minnesota
2 branches
Grand Rapids area · 1
- First State Bank of BigforkMain office400 Main Avenue, Bigfork, MN 56628Directions
Bemidji area · 1
- Kelliher Branch184 E Main St, Kelliher, MN 56650Directions
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 | 11.33% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 6.39% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.10% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $80 | $81 | — |
- CapitalLeverage ratio11.33%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent6.39%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.10%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$80Peers’ 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 of Bigfork are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.