The First National Bank of Fairfax
Also written as FNB of Fairfax
BankRegReports is independent of The First National Bank of Fairfax and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Fairfax is an FDIC-insured commercial bank headquartered in Fairfax, MN, established in 1910 (FDIC certificate 5142), and it is supervised by the OCC. At Q2 2026 it reported total assets of $35.6M, down 4.0% from Q2 2025, the 215th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 38.46% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5142
- Headquarters
- Fairfax, MN
- Established
- 1910
- Total assets, Q2 2026
- $35.6M
- Assets vs Q2 2025
- -4.0%
- Tier 1 leverage ratio, Q2 2026
- 38.46%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091904018
- Latest call report
- Q2 2026, FFIEC 051 · The First National Bank of Fairfax Q3 2026 call report, filed October 13, 2026 (preliminary)
- Holding company
- FORT RIDGELY NATIONAL BANCORPORATION, INC.
- Asset rank in state
- 215th of 221 in Minnesota
Problem loans are rising at The First National Bank of Fairfax. Based in Fairfax, Minnesota, it had $36 million in assets at June 30, 2026, down 4.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 8.68% of loans from 2.81% a year earlier. It funds 38.46% of its assets with Tier 1 capital, about triple the median of 12.81% for the 533 banks with less than $100 million in assets. It also shrank its loan book 13.1% over the year, lower than about 9 in 10 banks its size (median 2.6%).
Earnings fell sharply: quarterly net income of $77,000 was 36% below a year earlier. Over the same year, loans shrank 13.1% and deposits shrank 6.1%. Profitability lags: it returns 2.3% a year on shareholders' equity, a small fraction of the median of 8.6% for banks its size.
As of June 30, 2026, The First National Bank of Fairfax reported a return on assets of 0.87%, a nonperforming-loan ratio of 8.68% and a Texas ratio of 6.06%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, The First National Bank of Fairfax is the 215th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.2% to $35.6M, loans fell 0.8% and deposits rose 3.1%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 42.6% of total loans, ahead of construction and land development loans at 28.9%. Its one office in the FDIC Summary of Deposits is in Fairfax, MN. On its Q2 2026 call report, The First National Bank of Fairfax meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 16 1st St Se, Fairfax, MN 55332
- County
- Renville
- 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
- January 1, 1910
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $21.9M
- Allowance for credit losses
- $397K
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $35.4M
- Average total loans
- $9.8M
- Average interest-bearing deposits
- $15.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5142
- Fed RSSD
- 938354
- Website
- http://www.fnbfx.com →
- Parent Holding Company
- FORT RIDGELY NATIONAL BANCORPORATION, INC. (RSSD 2131373)
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, The First National Bank of Fairfax 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, The First National Bank of Fairfax's total assets ranged from $34.9M (Q1 2026) to $38.7M (Q4 2024), 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
$35.6M total assets against $37.1M; $22.0M total liabilities against $23.5M.
$9.4M net loans and leases against $10.9M; $21.9M total deposits against $23.4M.
$21.9M securities against $22.3M; $4.0M cash and balances due against $3.8M.
$381K total interest income against $451K; $40K total interest expense against $45K.
$341K net interest income against $406K.
$18K total noninterest income against $16K; $254K total noninterest expense against $278K.
No provision recorded in the last 12 quarters.
$77K net income against $121K.
0.87% return on assets against 1.29%; 3.98% net interest margin against 4.42%.
38.46% tier 1 leverage ratio against 36.33%.
Inside the full The First National Bank of Fairfax terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
The First National Bank of Fairfax rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.64% (Q4 2025) to 2.04% (Q3 2024) and its net interest margin ran from 3.70% (Q1 2026) to 4.68% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 38.46% | 0.87% | 8.68% | 6.06% | 3.98% |
| Q1 2026 | 37.26% | 1.31% | 9.52% | 6.74% | 3.70% |
| Q4 2025 | 35.90% | 0.64% | 4.29% | 3.21% | 4.12% |
| Q3 2025 | 36.94% | 1.43% | 2.80% | 2.18% | 4.22% |
| Q2 2025 | 36.33% | 1.29% | 2.81% | 2.25% | 4.42% |
| Q1 2025 | 35.63% | 1.29% | 2.52% | 2.31% | 4.23% |
| Q4 2024 | 34.86% | 0.77% | 2.14% | 2.40% | 4.49% |
| Q3 2024 | 36.59% | 2.04% | 2.30% | 2.44% | 4.68% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 Fairfax | Fairfax , MN | 55332 | $21.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 275 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $140K approved, $140K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (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
Add this badge to your website
Free to use. It shows The First National Bank of Fairfax’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about The First National Bank of Fairfax
What are The First National Bank of Fairfax's total assets?
As of the Q2 2026 filing, The First National Bank of Fairfax reported total assets of $35.6 million in its FFIEC call report.
Where is The First National Bank of Fairfax headquartered?
It is headquartered in Fairfax, MN, United States.
When was The First National Bank of Fairfax founded?
It was established in 1910, per the FDIC institution directory.
Is The First National Bank of Fairfax FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5142). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First National Bank of Fairfax?
The First National Bank of Fairfax's primary federal regulator is the OCC.
How many branches does The First National Bank of Fairfax operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The First National Bank of Fairfax's Texas Ratio?
Its Texas Ratio is 6.06% 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.
Go deeper on The First National Bank of Fairfax.
Get an email when The First National Bank of Fairfax files its next call report, and benchmark it against any peer you choose.
Unlock The First National Bank of Fairfax, freeFree account