First State Bank Minnesota Revenue, Growth & Competitor Profile

Company Profile & Annual Report for First State Bank Minnesota

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First State Bank Minnesota Fast Facts

Revenue	$10 - $100 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	551111 Offices of Bank Holding Companies
Address	102 West Main Ave., P.o. Box 369 Leroy, MN 55951

Note: Revenues for privately held companies are statistical evaluations.


First State Bank Minnesota's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • First State Bank Minnesota's annual revenues are $10 - $100 million (see exact revenue data)
• What industry is the company in?
  • First State Bank Minnesota is classified as operating in the Offices of Bank Holding Companies industry, NAICS Code 551111.

First State Bank Minnesota Annual Revenue and Growth Rate

First State Bank Minnesota	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$10 - $100 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: First State Bank Minnesota's revenues are gauged from an analysis of company filings.

First State Bank Minnesota's Income Statement (based on Industry Averages)

First State Bank Minnesota P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Market Share of First State Bank Minnesota's Largest Competitors

A competitive analysis shows these companies are in the same general field as First State Bank Minnesota, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
BANK OF AMERICA	Charlotte, NC	100
WELLS FARGO	San Francisco, CA	94
TD BANK US HOLDING	Falmouth, ME	18
STATE STREET	Quincy, MA	9
MIDFIRST BANK	Oklahoma City, OK	5
DEUTSCHE BANK TRUST CO AMERICAS	New York, NY	4
SYNOVUS FINANCIAL	Columbus, GA	3
WOODFOREST FINANCIAL GROUP	The Woodlands, TX	3
FIRSTBANK HOLDING	Lakewood, CO	2

Nearby Competitors

These companies are similar in business line and location to First State Bank Minnesota. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
MERCHANTS FINANCIAL GROUP	Winona, MN	100
COUNTRY BANKERS	Blooming Prairie, MN	12
F & M FINANCIAL SERVICES	Preston, MN	9
COUNTRYSIDE MANAGEMENT	Winona, MN	4
FIRST STATE BANK MINNESOTA	Leroy, MN	3
CROIX RETAIL	Goodview, MN	2

Future Competition: First State Bank Minnesota's Fastest Growing Competitors

These companies are in the same general field as First State Bank Minnesota and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)