SBA lender profile
First State Bank and Trust
First State Bank and Trust appears in the public SBA loan data with 27 funded 7(a) loans totaling $4.5M, an average of $167K per loan, and an estimated 190 jobs supported. Its SBA lending concentrates in Minnesota and the Other Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
27
Total volume
$4.5M
Average loan size
$167K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
190
Programs
7(a)
Bank profile
via FDIC- Total assets
- $471M
- Headquarters
- Bayport, MN
- FDIC cert
- #10159
- Status
- Active
Where First State Bank and Trust lends
Top states by funded SBA volume.
What First State Bank and Trust funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 7 | $1.8M |
| Professional and Technical Services | 3 | $704K |
| Retail Trade | 6 | $685K |
| Construction | 3 | $649K |
| Accommodation and Food Services | 4 | $396K |
| Administrative and Support | 1 | $140K |
First State Bank and Trust SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $52K |
| 2021 | 2 | $275K |
| 2022 | 4 | $799K |
| 2023 | 5 | $953K |
| 2024 | 7 | $1.2M |
| 2025 | 5 | $391K |
| 2026 | 3 | $865K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First State Bank and Trust's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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