The First National Bank of Le Center
Also written as FNB of Le Center
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Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Le Center is an FDIC-insured commercial bank headquartered in Lonsdale, MN, supervised by the OCC, with $178.2M in total assets at Q2 2026, up 7.9% from Q2 2025, the 124th largest of 221 banks headquartered in Minnesota. It was established in 1903 and holds FDIC certificate 5180. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.50% 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
- 5180
- Headquarters
- Lonsdale, MN
- Established
- 1903
- Total assets, Q2 2026
- $178.2M
- Assets vs Q2 2025
- +7.9%
- Tier 1 leverage ratio, Q2 2026
- 9.50%
- Domestic offices
- 2 · The First National Bank of Le Center branches FDIC institution directory, current count
- Routing number
- 091904270
- Safety and soundness
- Is The First National Bank of Le Center safe?
- Latest call report
- Q2 2026, FFIEC 041 · The First National Bank of Le Center Q3 2026 call report, filed October 23, 2026 (preliminary)
- Holding company
- TRAXSHARES, INC.
- Asset rank in state
- 124th of 221 in Minnesota
The First National Bank of Le Center, based in Lonsdale, Minnesota, reported $178 million in assets at June 30, 2026, up 7.9% from a year earlier. It carries problem assets equal to 12.8% of the capital and reserves that would absorb them, 4.8 times the median of 2.7% for the 2,627 banks with $100 million to $1 billion in assets. It also pays an average of 2.37% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.72% of loans, down from 2.64% a year earlier. The commercial and industrial book ($15 million) is worsening: 15.44% of it is past due or on nonaccrual, up from 5.40% a year earlier. Where it has less room is capital: it funds 9.50% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, The First National Bank of Le Center reported a return on assets of 1.44%, a nonperforming-loan ratio of 1.72% and a Texas ratio of 12.85%. The figures come from its call report filed with the FFIEC.
The First National Bank of Le Center ranks as the 124th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.7% to $178.2M, loans rose 0.8% and deposits fell 3.0%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 30.5% of total loans, followed by agricultural production loans at 21.5%. Its 2 offices in the FDIC Summary of Deposits are in Minneapolis, MN and Lonsdale, MN; its Minneapolis office books 91% of its branch deposits. Judged on its Q2 2026 call report, The First National Bank of Le Center meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 701 Ash St Ne, Lonsdale, MN 55046
- County
- Rice
- Metro Area
- Faribault-Northfield, 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
- January 1, 1903
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $139.6M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- -$5K
- Average total assets
- $176.9M
- Average total loans
- $131.1M
- Average interest-bearing deposits
- $118.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5180
- Fed RSSD
- 986551
- Website
- www.fnblecenter.com →
- Parent Holding Company
- TRAXSHARES, INC. (RSSD 1126934)
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 Le Center reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The First National Bank of Le Center's total assets ran between $152.2M (Q3 2023) and $178.3M (Q4 2025), 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
$178.2M total assets against $165.1M; $161.9M total liabilities against $149.7M.
$129.6M net loans and leases against $122.8M; $139.6M total deposits against $138.3M.
$18.7M securities against $20.3M; $17.2M cash and balances due against $10.3M.
$2.5M total interest income against $2.2M; $934K total interest expense against $905K.
$1.6M net interest income against $1.3M.
$169K total noninterest income against $152K; $957K total noninterest expense against $880K.
$75K provision for credit losses against $0.
$637K net income against $599K.
1.44% return on assets against 1.45%; 3.81% net interest margin against 3.46%.
9.50% tier 1 leverage ratio against 9.71%.
Inside the full The First National Bank of Le Center terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe First National Bank of Le Center rankings
Its closest position to the top of a national ranking is 422 of 3,640, for Texas Ratio; its furthest is 3,114 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.30% (Q4 2025) to 1.75% (Q1 2026) and its net interest margin ran from 3.11% (Q3 2024) to 3.81% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.50% | 1.44% | 1.72% | 12.85% | 3.81% |
| Q1 2026 | 9.38% | 1.75% | 1.24% | 9.58% | 3.72% |
| Q4 2025 | 8.45% | 0.30% | 0.32% | 2.55% | 3.58% |
| Q3 2025 | 9.98% | 1.40% | 1.93% | 13.91% | 3.57% |
| Q2 2025 | 9.71% | 1.45% | 2.64% | 19.78% | 3.46% |
| Q1 2025 | 9.78% | 1.38% | 0.57% | 4.17% | 3.32% |
| Q4 2024 | 9.48% | 0.54% | 0.24% | 1.79% | 3.25% |
| Q3 2024 | 10.01% | 0.90% | 0.45% | 3.22% | 3.11% |
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 |
|---|---|---|---|
| Le Center Branch | Minneapolis , MN | 56057 | $127.5M |
| The First National Bank of Le Center | Lonsdale , MN | 55046 | $12.0M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- December 15, 2009, OCC: Formal Agreement: The First National Bank of Le Center
- Period: Most recent institution action December 15, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 160 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 55 applications, 53 loans originated, $10.6M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $19K approved, $19K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2008 (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 Le Center
What are The First National Bank of Le Center's total assets?
As of the Q2 2026 filing, The First National Bank of Le Center reported total assets of $178.2 million in its FFIEC call report.
Where is The First National Bank of Le Center headquartered?
It is headquartered in Lonsdale, MN, United States.
When was The First National Bank of Le Center founded?
It was established in 1903, per the FDIC institution directory.
Is The First National Bank of Le Center FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5180). 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 Le Center?
The First National Bank of Le Center's primary federal regulator is the OCC.
How many branches does The First National Bank of Le Center 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 Le Center's Texas Ratio?
Its Texas Ratio is 12.85% 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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