Dairy State Bank
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Data as of · sourced from FFIEC call reports. How we update
Dairy State Bank is an FDIC-insured commercial bank headquartered in Rice Lake, WI, established in 1953 (FDIC certificate 17162), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $730.3M, up 1.3% from Q2 2025, the 46th largest of 153 banks headquartered in Wisconsin. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.96% 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
- 17162
- Headquarters
- Rice Lake, WI
- Established
- 1953
- Total assets, Q2 2026
- $730.3M
- Assets vs Q2 2025
- +1.3%
- Tier 1 leverage ratio, Q2 2026
- 11.96%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 091811004
- Latest call report
- Q2 2026, FFIEC 051 · Dairy State Bank call report
- Holding company
- DAIRY STATE BANCORP, INC.
- Asset rank in state
- 46th of 153 in Wisconsin
Dairy State Bank, based in Rice Lake, Wisconsin, reported $730 million in assets at June 30, 2026, up 1.3% from a year earlier. It keeps 2.98 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also grew its loan book 15.7% over the year, about triple the median of 5.5% for banks its size.
Earnings jumped: net income for the quarter was $2.2 million, 56% above the same quarter a year earlier. Over the same year, loans grew 15.7% and deposits grew 2.2%.
As of June 30, 2026, Dairy State Bank reported a return on assets of 1.19%, a nonperforming-loan ratio of 0.06% and a Texas ratio of 0.27%. The figures come from its call report filed with the FFIEC.
Dairy State Bank ranks as the 46th largest of the 153 banks based in Wisconsin, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 2.6% to $730.3M, loans rose 1.6% and deposits fell 2.2%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 18.6% of total loans, ahead of 1-4 family residential loans at 16.9%. The FDIC Summary of Deposits lists 12 offices for it, in 11 cities in WI; its Rice Lake office books 45% of its branch deposits. On its Q2 2026 call report, Dairy State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 16 S Main St, Rice Lake, WI 54868
- County
- Barron
- Metro Area
- Rice Lake, WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 2, 1953
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 93
- Domestic deposits
- $630.4M
- Allowance for credit losses
- $8.0M
- Net charge-offs (YTD)
- $3K
- Average total assets
- $746.9M
- Average total loans
- $391.8M
- Average interest-bearing deposits
- $537.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 2, 1953
- FDIC Cert
- 17162
- Fed RSSD
- 57451
- Website
- www.dairystatebank.com →
- Parent Holding Company
- DAIRY STATE BANCORP, INC. (RSSD 1126121)
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, Dairy State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Dairy State Bank's total assets ranged from $718.2M (Q3 2023) to $760.4M (Q3 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$730.3M total assets against $720.6M; $648.1M total liabilities against $647.3M.
$393.2M net loans and leases against $339.7M; $630.4M total deposits against $616.9M.
$259.9M securities against $297.3M; $51.9M cash and balances due against $58.3M.
$8.6M total interest income against $8.2M; $3.2M total interest expense against $3.6M.
$5.3M net interest income against $4.6M.
$612K total noninterest income against $596K; $3.7M total noninterest expense against $3.6M.
-$439K provision for credit losses against $0.
$2.2M net income against $1.4M.
1.19% return on assets against 0.76%; 2.98% net interest margin against 2.58%.
11.96% tier 1 leverage ratio against 11.11%.
Inside the full Dairy State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeDairy State Bank rankings
Its closest position to the top of a national ranking is 1,331 of 4,196, for total assets; its furthest is 3,112 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.53% (Q3 2024) to 1.19% (Q2 2026) and its net interest margin ran from 2.23% (Q4 2024) to 2.98% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.96% | 1.19% | 0.06% | 0.27% | 2.98% |
| Q1 2026 | 11.42% | 0.85% | 0.06% | 0.28% | 2.84% |
| Q4 2025 | 11.59% | 0.71% | 0.03% | 0.14% | 2.86% |
| Q3 2025 | 11.57% | 0.87% | 0.03% | 0.15% | 2.76% |
| Q2 2025 | 11.11% | 0.76% | 0.04% | 0.17% | 2.58% |
| Q1 2025 | 10.75% | 0.94% | 0.56% | 2.45% | 2.46% |
| Q4 2024 | 10.49% | 0.65% | 0.56% | 2.63% | 2.23% |
| Q3 2024 | 10.37% | 0.53% | 0.07% | 0.33% | 2.25% |
Swipe the table sideways to see every column.
Branch Network
View all 12 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 |
|---|---|---|---|
| Dairy State Bank (main office) | Rice Lake , WI | 54868 | $281.1M |
| Menomonie Branch | Menomonie , WI | 54751 | $97.1M |
| Turtle Lake Branch | Turtle Lake , WI | 54889 | $61.8M |
| Birchwood Branch | Birchwood , WI | 54817 | $46.5M |
| Bloomer Branch | Bloomer , WI | 54724 | $39.7M |
| Island City Branch | Cumberland , WI | 54829 | $33.0M |
| Colfax Branch | Colfax , WI | 54730 | $32.0M |
| Prairie Farm Branch | Prairie Farm , WI | 54762 | $24.3M |
| Haugen Branch | Haugen , WI | 54841 | $7.8M |
| Downtown Branch | Menomonie , WI | 54751 | $4.6M |
| Downsville Branch | Downsville , WI | 54735 | $2.4M |
| Wheeler Branch | Wheeler , WI | 54772 | $77K |
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 |
|---|---|---|---|
| February 22, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 22, 2014 | Structure Change | Acquired Bank of Turtle Lake Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 1, 2008 | Structure Change | Acquired First Bank and Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 12, 1995 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 12, 1995 | Structure Change | Acquired First State Bank of Prairie Farm Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 25, 1987 | Structure Change | Acquired Citizens State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 15, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 7 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in WI, rank 48 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 150 applications, 110 loans originated, $33.0M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $77K approved, $77K 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, 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 Dairy State Bank
What are Dairy State Bank's total assets?
As of the Q2 2026 filing, Dairy State Bank reported total assets of $730.3 million in its FFIEC call report.
Where is Dairy State Bank headquartered?
It is headquartered in Rice Lake, WI, United States.
When was Dairy State Bank founded?
It was established in 1953, per the FDIC institution directory.
Is Dairy State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17162). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Dairy State Bank?
Dairy State Bank's primary federal regulator is the FDIC.
How many branches does Dairy State Bank operate?
It operates 12 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Dairy State Bank's Texas Ratio?
Its Texas Ratio is 0.27% 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.
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