The First National Bank of Gilbert
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Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Gilbert is an FDIC-insured commercial bank headquartered in Gilbert, MN, established in 1908 (FDIC certificate 5150), and it is supervised by the OCC. At Q2 2026 it reported total assets of $86.0M, up 4.9% from Q2 2025, the 180th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.62% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5150
- Headquarters
- Gilbert, MN
- Established
- 1908
- Total assets, Q2 2026
- $86.0M
- Assets vs Q2 2025
- +4.9%
- CET1 ratio, Q2 2026
- 12.62%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091202480
- Latest call report
- Q2 2026, FFIEC 051 · The First National Bank of Gilbert call report
- Holding company
- BROADWAY BANCSHARES, INC.
- Asset rank in state
- 180th of 221 in Minnesota
The First National Bank of Gilbert operates with a thinner capital cushion than most banks of its size. The Gilbert, Minnesota bank had $86 million in assets at June 30, 2026, up 4.9% from a year earlier. It holds common equity equal to 12.62% of its risk-weighted assets, lower than about 9 in 10 of the 533 banks with less than $100 million in assets (median 20.80%). It also grew deposits 8.0% over the year, about triple the median of 2.5% for banks its size.
Earnings jumped: net income for the quarter was $189,000, 80% above the same quarter a year earlier.
As of June 30, 2026, The First National Bank of Gilbert reported a CET1 capital ratio of 12.62%, a return on assets of 0.88%, a nonperforming-loan ratio of 0.16% and a Texas ratio of 1.64%. The figures come from its call report filed with the FFIEC.
The First National Bank of Gilbert ranks as the 180th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.6% to $86.0M, loans rose 2.0% and deposits fell 1.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 77.2% of total loans, ahead of commercial and industrial loans at 6.1%. The FDIC Summary of Deposits lists 2 offices for it, in Gilbert, MN and Hoyt Lakes, MN; its Gilbert office books 90% of its branch deposits. By the capital ratios in its Q2 2026 call report, The First National Bank of Gilbert meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2 N Broadway Ave, Gilbert, MN 55741
- County
- St. Louis
- Metro Area
- Duluth, MN-WI
- 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
- October 26, 1908
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $76.0M
- Allowance for credit losses
- $732K
- Net charge-offs (YTD)
- $0
- Average total assets
- $86.4M
- Average total loans
- $69.2M
- Average interest-bearing deposits
- $65.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5150
- Fed RSSD
- 975452
- Website
- http://www.gilbertbank.com →
- Parent Holding Company
- BROADWAY BANCSHARES, INC. (RSSD 5752863)
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, The First National Bank of Gilbert's total assets ran between $75.7M (Q3 2023) and $87.4M (Q1 2026), 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
$86.0M total assets against $82.0M; $79.9M total liabilities against $76.2M.
$69.3M net loans and leases against $64.2M; $76.0M total deposits against $70.4M.
$6.5M securities against $6.0M; $7.4M cash and balances due against $9.2M.
$1.1M total interest income against $1.0M; $358K total interest expense against $359K.
$765K net interest income against $674K.
$30K total noninterest income against $35K; $565K total noninterest expense against $554K.
$0 provision for credit losses against $0.
$189K net income against $105K.
0.88% return on assets against 0.51%; 3.68% net interest margin against 3.42%.
12.62% CET1 capital ratio against 13.07%; 7.12% tier 1 leverage ratio against 7.09%.
Inside the full The First National Bank of Gilbert terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.08% (Q4 2024) to 0.88% (Q2 2026) and its net interest margin ran from 2.99% (Q3 2024) to 3.72% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.62% | 0.88% | 0.16% | 1.64% | 3.68% |
| Q1 2026 | 12.81% | 0.44% | 0.19% | 1.90% | 3.48% |
| Q4 2025 | 12.70% | 0.68% | 0.00% | 0.00% | 3.72% |
| Q3 2025 | 12.97% | 0.67% | 0.00% | 0.00% | 3.63% |
| Q2 2025 | 13.07% | 0.51% | 0.13% | 1.30% | 3.42% |
| Q1 2025 | 13.44% | 0.55% | 0.04% | 0.40% | 3.09% |
| Q4 2024 | 13.16% | 0.08% | 0.00% | 0.00% | 3.23% |
| Q3 2024 | 13.18% | 0.79% | 0.00% | 0.00% | 2.99% |
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 Gilbert | Gilbert , MN | 55741 | $68.2M |
| Hoyt Lakes Branch | Hoyt Lakes , MN | 55750 | $7.8M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action October 4, 2017. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 222 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 59 applications, 58 loans originated, $14.3M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $275K approved, $275K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2013 (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 The First National Bank of Gilbert
What are The First National Bank of Gilbert's total assets?
As of the Q2 2026 filing, The First National Bank of Gilbert reported total assets of $86.0 million in its FFIEC call report.
Where is The First National Bank of Gilbert headquartered?
It is headquartered in Gilbert, MN, United States.
When was The First National Bank of Gilbert founded?
It was established in 1908, per the FDIC institution directory.
Is The First National Bank of Gilbert FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5150). 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 Gilbert?
The First National Bank of Gilbert's primary federal regulator is the OCC.
What is The First National Bank of Gilbert's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.62% in its Q2 2026 call report, above regulatory requirements.
How many branches does The First National Bank of Gilbert 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 The First National Bank of Gilbert's Texas Ratio?
Its Texas Ratio is 1.64% 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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