First National Bank (Bagley, MN)
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Data as of · sourced from FFIEC call reports. How we update
First National Bank is an FDIC-insured commercial bank headquartered in Bagley, MN, established in 1903 (FDIC certificate 5087), and it is supervised by the OCC. At Q2 2026 it reported total assets of $129.2M, up 7.7% from Q2 2025, the 149th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.27% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5087
- Headquarters
- Bagley, MN
- Established
- 1903
- Total assets, Q2 2026
- $129.2M
- Assets vs Q2 2025
- +7.7%
- CET1 ratio, Q2 2026
- 12.27%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091204080
- Holding company
- FIRST NATIONAL AGENCY OF BAGLEY, INC.
- Asset rank in state
- 149th of 221 in Minnesota
Problem loans are rising at First National Bank. The Bagley, Minnesota bank had $129 million in assets at June 30, 2026, up 7.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.02% of loans from 0.67% a year earlier. It funds 7.85% of its assets with Tier 1 capital, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also carries problem assets equal to 10.8% of the capital and reserves that would absorb them, 4.1 times the median of 2.6% for banks its size.
Net income for the quarter rose 24% from a year earlier, to $400,000. Paper losses on its bond portfolio are shrinking: unrealized losses of $1.4 million equal 14% of Tier 1 capital, down from 19% a year earlier.
As of June 30, 2026, First National Bank reported a CET1 capital ratio of 12.27%, a return on assets of 1.23%, a nonperforming-loan ratio of 1.02% and a Texas ratio of 10.85%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, First National Bank is the 149th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.9% to $129.2M, loans rose 4.4% and deposits rose 3.0%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 40.8% of total loans, followed by farmland and other real estate loans at 13.4%. The FDIC Summary of Deposits lists 2 offices for it, in Bagley, MN and Fosston, MN; its Bagley office books 78% of its branch deposits. Judged on its Q2 2026 call report, First National Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 31 Central St E, Bagley, MN 56621
- County
- Clearwater
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 2, 1903
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 27
- Domestic deposits
- $119.7M
- Allowance for credit losses
- $911K
- Net charge-offs (YTD)
- $94K
- Average total assets
- $129.9M
- Average total loans
- $85.2M
- Average interest-bearing deposits
- $89.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5087
- Fed RSSD
- 392255
- Website
- www.fnbbagley.com →
- Parent Holding Company
- FIRST NATIONAL AGENCY OF BAGLEY, INC. (RSSD 1122413)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First National Bank's total assets ran between $110.1M (Q3 2023) and $129.2M (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
$129.2M total assets against $120.0M; $120.2M total liabilities against $112.0M.
$85.7M net loans and leases against $78.8M; $119.7M total deposits against $111.5M.
$22.8M securities against $25.6M; $15.0M cash and balances due against $10.1M.
$1.7M total interest income against $1.5M; $480K total interest expense against $501K.
$1.2M net interest income against $1.0M.
$112K total noninterest income against $95K; $842K total noninterest expense against $775K.
$60K provision for credit losses against $15K.
$400K net income against $323K.
1.23% return on assets against 1.06%; 3.95% net interest margin against 3.59%.
12.27% CET1 capital ratio against 12.37%; 7.85% tier 1 leverage ratio against 7.93%.
Inside the full First National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst National Bank rankings
Its closest position to the top of a national ranking is 567 of 3,640, for Texas Ratio; its furthest is 3,456 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.78% (Q3 2024) to 1.23% (Q2 2026) and its net interest margin ran from 3.36% (Q3 2024) to 3.95% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.27% | 1.23% | 1.02% | 10.85% | 3.95% |
| Q1 2026 | 12.54% | 1.16% | 0.21% | 3.65% | 3.83% |
| Q4 2025 | 12.02% | 1.11% | 0.43% | 5.70% | 3.91% |
| Q3 2025 | 12.28% | 0.91% | 0.46% | 5.91% | 3.72% |
| Q2 2025 | 12.37% | 1.06% | 0.67% | 6.13% | 3.59% |
| Q1 2025 | 12.75% | 0.89% | 0.09% | 0.80% | 3.48% |
| Q4 2024 | 12.67% | 0.94% | 0.09% | 0.81% | 3.44% |
| Q3 2024 | 12.95% | 0.78% | 0.77% | 6.70% | 3.36% |
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 |
|---|---|---|---|
| The First National Bank of Bagley | Bagley , MN | 56621 | $92.9M |
| Fosston Branch | Fosston , MN | 56542 | $26.8M |
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 |
|---|---|---|---|
| May 30, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 30, 1992 | Structure Change | Acquired Farmers State Bank of Fosston 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.
- Enforcement actions
- 3 against the institution (OCC); 3 against individuals associated with it
- June 27, 2023, OCC: Formal Agreement: First National Bank
- July 23, 2009, OCC: Formal Agreement: First National Bank
- July 9, 2008, OCC: Formal Agreement: First National Bank
- Period: Most recent institution action June 27, 2023. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 175 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 63 applications, 58 loans originated, $9.6M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $16K approved, $16K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 First National Bank
What are First National Bank's total assets?
As of the Q2 2026 filing, First National Bank reported total assets of $129.2 million in its FFIEC call report.
Where is First National Bank headquartered?
It is headquartered in Bagley, MN, United States.
When was First National Bank founded?
It was established in 1903, per the FDIC institution directory.
Is First National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5087). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First National Bank?
First National Bank's primary federal regulator is the OCC.
What is First National Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.27% in its Q2 2026 call report, above regulatory requirements.
How many branches does First National 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 First National Bank's Texas Ratio?
Its Texas Ratio is 10.85% 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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