First National Bank North
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Data as of · sourced from FFIEC call reports. How we update
First National Bank North is an FDIC-insured commercial bank headquartered in Walker, MN, established in 1902 (FDIC certificate 5269), and it is supervised by the OCC. At Q2 2026 it reported total assets of $864.3M, up 8.1% from Q2 2025, the 26th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 18.13% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5269
- Headquarters
- Walker, MN
- Established
- 1902
- Total assets, Q2 2026
- $864.3M
- Assets vs Q2 2025
- +8.1%
- CET1 ratio, Q2 2026
- 18.13%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 091209755
- Latest call report
- Q2 2026, FFIEC 041 · First National Bank North call report
- Holding company
- WALKER BAN CO.
- Asset rank in state
- 26th of 221 in Minnesota
First National Bank North is one of the more profitable banks of its size. It reported $864 million in assets at June 30, 2026, up 8.1% from a year earlier. It earns about $2.61 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 4.72 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents). Much of that comes from cost control: it spends about 49 cents to bring in each dollar of revenue.
Net income for the quarter rose 11% from a year earlier, to $5.5 million.
As of June 30, 2026, First National Bank North reported a CET1 capital ratio of 18.13%, a return on assets of 2.61%, a nonperforming-loan ratio of 0.23% and a Texas ratio of 1.40%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, First National Bank North is the 26th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.9% to $864.3M, loans rose 3.6% and deposits rose 2.9%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 51.9% of total loans, followed by owner-occupied commercial real estate loans at 15.9%. The FDIC Summary of Deposits lists 10 offices for it, in 10 cities in MN; its Walker office books 31% of its branch deposits. By the capital ratios in its Q2 2026 call report, First National Bank North meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 600 Minnesota Ave W, Walker, MN 56484
- County
- Cass
- Metro Area
- Brainerd, MN
- 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 041
- Established
- December 1, 1902
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 123
- Domestic deposits
- $756.3M
- Allowance for credit losses
- $9.9M
- Net charge-offs (YTD)
- $68K
- Average total assets
- $845.2M
- Average total loans
- $609.8M
- Average interest-bearing deposits
- $603.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5269
- Fed RSSD
- 805755
- Website
- www.fnbnorth.com →
- Parent Holding Company
- WALKER BAN CO. (RSSD 1126318)
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
First National Bank North's total assets moved between a low of $740.2M (Q2 2024) and a high of $864.3M (Q2 2026) from Q3 2023 to 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
$864.3M total assets against $799.8M; $761.1M total liabilities against $705.6M.
$635.9M net loans and leases against $575.6M; $756.3M total deposits against $701.3M.
$58.1M securities against $81.9M; $151.4M cash and balances due against $124.0M.
$13.2M total interest income against $12.2M; $3.7M total interest expense against $3.4M.
$9.5M net interest income against $8.8M.
$1.7M total noninterest income against $1.4M; $5.4M total noninterest expense against $5.1M.
$210K provision for credit losses against $150K.
$5.5M net income against $5.0M.
2.61% return on assets against 2.53%; 4.72% net interest margin against 4.71%.
18.13% CET1 capital ratio against 18.46%; 12.14% tier 1 leverage ratio against 12.03%.
Inside the full First National Bank North terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst National Bank North rankings
Its closest position to the top of a national ranking is 136 of 3,611, for ROA; its furthest is 2,509 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 2.33% (Q1 2025) to 2.61% (Q2 2026) and its net interest margin ran from 4.37% (Q1 2025) to 4.72% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.13% | 2.61% | 0.23% | 1.40% | 4.72% |
| Q1 2026 | 18.50% | 2.51% | 0.20% | 1.19% | 4.53% |
| Q4 2025 | 17.89% | 2.51% | 0.11% | 0.67% | 4.69% |
| Q3 2025 | 18.53% | 2.61% | 0.10% | 0.58% | 4.65% |
| Q2 2025 | 18.46% | 2.53% | 0.12% | 0.68% | 4.71% |
| Q1 2025 | 18.40% | 2.33% | 0.08% | 0.45% | 4.37% |
| Q4 2024 | 17.79% | 2.42% | 0.07% | 0.71% | 4.71% |
| Q3 2024 | 18.17% | 2.47% | 0.07% | 0.68% | 4.43% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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 |
|---|---|---|---|
| First National Bank North (main office) | Walker , MN | 56484 | $236.0M |
| Pequot Lakes Branch | Pequot Lakes , MN | 56472 | $109.6M |
| Crosslake Branch | Crosslake , MN | 56442 | $97.0M |
| Longville Branch | Longville , MN | 56655 | $82.9M |
| Baxter Branch | Baxter , MN | 56425 | $69.1M |
| Hackensack Branch | Hackensack , MN | 56452 | $55.0M |
| Backus Branch | Backus , MN | 56435 | $42.3M |
| Remer Branch | Remer , MN | 56672 | $28.3M |
| Akeley Branch | Akeley , MN | 56433 | $24.8M |
| Nisswa Branch | Nisswa , MN | 56468 | $11.3M |
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 |
|---|---|---|---|
| April 11, 2015 | Structure Change | Acquired Lakes State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 10, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 15, 1990 | Structure Change | Charter Retained (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC)
- August 2, 2010, OCC: Formal Agreement: First National Bank of The North
- April 6, 2001, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of The North
- Period: Most recent institution action August 2, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in MN, rank 38 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $1.4M approved, $1.4M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 First National Bank North
What are First National Bank North's total assets?
As of the Q2 2026 filing, First National Bank North reported total assets of $864.3 million in its FFIEC call report.
Where is First National Bank North headquartered?
It is headquartered in Walker, MN, United States.
When was First National Bank North founded?
It was established in 1902, per the FDIC institution directory.
Is First National Bank North FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5269). 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 North?
First National Bank North's primary federal regulator is the OCC.
What is First National Bank North's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 18.13% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First National Bank North operate?
It operates 10 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 North's Texas Ratio?
Its Texas Ratio is 1.40% 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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