Community First Bank (Menahga, MN)
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Data as of · sourced from FFIEC call reports. How we update
Community First Bank is an FDIC-insured commercial bank headquartered in Menahga, MN, established in 1898 (FDIC certificate 5197), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $126.5M, up 1.9% from Q2 2025, the 150th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.84% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 5197
- Headquarters
- Menahga, MN
- Established
- 1898
- Total assets, Q2 2026
- $126.5M
- Assets vs Q2 2025
- +1.9%
- Tier 1 leverage ratio, Q2 2026
- 12.84%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091208471
- Latest call report
- Q2 2026, FFIEC 051 · Community First Bank call report
- Holding company
- MENAHGA BANCSHARES, INC.
- Asset rank in state
- 150th of 221 in Minnesota
Community First Bank, based in Menahga, Minnesota, reported $126 million in assets at June 30, 2026, up 1.9% from a year earlier. It holds commercial real estate loans equal to only 38% of its capital, about a third the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 1.4% over the year, lower than about three-quarters of banks its size (median 5.5%).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.28% of loans from 1.41%. Net income for the quarter rose 16% from a year earlier, to $532,000.
As of June 30, 2026, Community First Bank reported a return on assets of 1.68%, a nonperforming-loan ratio of 0.28% and a Texas ratio of 1.19%. The figures come from its call report filed with the FFIEC.
Community First Bank ranks as the 150th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.1% to $126.5M, loans rose 1.3% and deposits fell 0.2%. Commercial and industrial loans made up 36.4% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 25.8%. Its 2 offices in the FDIC Summary of Deposits are in Menahga, MN and Sebeka, MN; its Menahga office books 70% of its branch deposits. By the capital ratios in its Q2 2026 call report, Community First Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 21 Main St Ne, Menahga, MN 56464
- County
- Wadena
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 1, 1898
- Former names
- First National Bank of Menahga & Sebeka (2006-2017)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $108.4M
- Allowance for credit losses
- $915K
- Net charge-offs (YTD)
- -$61K
- Average total assets
- $126.5M
- Average total loans
- $66.7M
- Average interest-bearing deposits
- $88.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5197
- Fed RSSD
- 923855
- Website
- www.communityfirstbankmn.com →
- Parent Holding Company
- MENAHGA BANCSHARES, INC. (RSSD 1123951)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Community First Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Community First Bank's total assets ran between $116.1M (Q2 2024) and $126.5M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$126.5M total assets against $124.1M; $110.5M total liabilities against $109.2M.
$65.6M net loans and leases against $66.5M; $108.4M total deposits against $106.2M.
$37.4M securities against $34.9M; $20.9M cash and balances due against $20.4M.
$1.7M total interest income against $1.5M; $451K total interest expense against $479K.
$1.2M net interest income against $1.0M.
$190K total noninterest income against $182K; $846K total noninterest expense against $703K.
$9K provision for credit losses against $0.
$532K net income against $460K.
1.68% return on assets against 1.52%; 4.07% net interest margin against 3.55%.
12.84% tier 1 leverage ratio against 12.72%.
Inside the full Community First Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCommunity First Bank rankings
Its closest position to the top of a national ranking is 934 of 3,611, for ROA; its furthest is 3,467 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.98% (Q4 2024) to 2.01% (Q1 2026) and its net interest margin ran from 3.12% (Q3 2024) to 4.07% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.84% | 1.68% | 0.28% | 1.19% | 4.07% |
| Q1 2026 | 12.79% | 2.01% | 0.18% | 4.24% | 3.89% |
| Q4 2025 | 12.09% | 1.22% | 0.90% | 3.98% | 3.81% |
| Q3 2025 | 12.82% | 1.67% | 1.17% | 5.17% | 3.84% |
| Q2 2025 | 12.72% | 1.52% | 1.41% | 6.29% | 3.55% |
| Q1 2025 | 12.53% | 1.66% | 1.35% | 6.25% | 3.28% |
| Q4 2024 | 11.94% | 0.98% | 0.96% | 4.92% | 3.38% |
| Q3 2024 | 12.65% | 1.19% | 0.15% | 0.74% | 3.12% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Community First Bank (main office) | Menahga , MN | 56464 | $76.0M |
| Sebeka Office | Sebeka , MN | 56477 | $32.4M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 18, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 18, 2006 | Structure Change | Acquired Security State Bank of Sebeka Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 186 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $184K approved, $92K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Community First Bank
What are Community First Bank's total assets?
As of the Q2 2026 filing, Community First Bank reported total assets of $126.5 million in its FFIEC call report.
Where is Community First Bank headquartered?
It is headquartered in Menahga, MN, United States.
When was Community First Bank founded?
It was established in 1898, per the FDIC institution directory.
Is Community First Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5197). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Community First Bank?
Community First Bank's primary federal regulator is the FDIC.
How many branches does Community First Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Community First Bank's Texas Ratio?
Its Texas Ratio is 1.19% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Community First Bank previously called?
The charter now named Community First Bank has also operated as First National Bank of Menahga & Sebeka (2006-2017), per FDIC structure-change records.
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