Freeport State Bank
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Data as of · sourced from FFIEC call reports. How we update
Freeport State Bank is an FDIC-insured commercial bank headquartered in Freeport, MN, established in 1908 (FDIC certificate 8210), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $165.5M, down 1.6% from Q2 2025, the 126th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.00% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8210
- Headquarters
- Freeport, MN
- Established
- 1908
- Total assets, Q2 2026
- $165.5M
- Assets vs Q2 2025
- -1.6%
- CET1 ratio, Q2 2026
- 15.00%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091907578
- Holding company
- FREEPORT BANCSHARES, INC.
- Asset rank in state
- 126th of 221 in Minnesota
Freeport State Bank, based in Freeport, Minnesota, reported $165 million in assets at June 30, 2026, down 1.6% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also lost 2.6% of its deposits over the year, lower than about three-quarters of banks its size (median 4.0%).
Its $16 million commercial and industrial book is improving, with 0.63% past due or on nonaccrual, down from 3.81% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 4.5% and deposits fell 2.6%.
As of June 30, 2026, Freeport State Bank reported a CET1 capital ratio of 15.00%, a return on assets of 1.19%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.01%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Freeport State Bank is the 126th largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets fell 1.1% to $165.5M, loans rose 2.4% and deposits fell 1.2%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 30.7% of total loans, followed by 1-4 family residential loans at 23.1%. Its 3 offices in the FDIC Summary of Deposits are in Freeport, MN, Melrose, MN and Greenwald, MN; its Freeport office books 60% of its branch deposits. By the capital ratios in its Q2 2026 call report, Freeport State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 111 Main St E, Freeport, MN 56331
- County
- Stearns
- Metro Area
- St. Cloud, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1908
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 22
- Domestic deposits
- $147.9M
- Allowance for credit losses
- $977K
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $165.6M
- Average total loans
- $113.3M
- Average interest-bearing deposits
- $112.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8210
- Fed RSSD
- 72454
- Website
- www.freeportstatebank.com →
- Parent Holding Company
- FREEPORT BANCSHARES, INC. (RSSD 1125795)
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
From Q3 2023 to Q2 2026, Freeport State Bank's total assets ranged from $158.6M (Q3 2023) to $172.2M (Q1 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
$165.5M total assets against $168.2M; $148.6M total liabilities against $152.9M.
$113.4M net loans and leases against $108.5M; $147.9M total deposits against $151.9M.
$33.3M securities against $40.0M; $14.6M cash and balances due against $15.5M.
$2.2M total interest income against $2.2M; $456K total interest expense against $520K.
$1.8M net interest income against $1.7M.
$66K total noninterest income against $39K; $1.2M total noninterest expense against $1.1M.
$17K provision for credit losses against $15K.
$493K net income against $457K.
1.19% return on assets against 1.07%; 4.51% net interest margin against 4.13%.
15.00% CET1 capital ratio against 14.49%; 10.69% tier 1 leverage ratio against 9.57%.
Inside the full Freeport State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFreeport State Bank rankings
Its closest position to the top of a national ranking is 893 of 2,134, for CET1 ratio; its furthest is 3,341 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.46% (Q4 2024) to 1.19% (Q2 2026) and its net interest margin ran from 3.90% (Q3 2024) to 4.51% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.00% | 1.19% | 0.00% | 0.01% | 4.51% |
| Q1 2026 | 15.40% | 1.03% | 0.00% | 0.00% | 4.32% |
| Q4 2025 | 15.07% | 0.70% | 0.00% | 0.03% | 4.37% |
| Q3 2025 | 14.71% | 1.09% | 0.04% | 0.29% | 4.25% |
| Q2 2025 | 14.49% | 1.07% | 0.00% | 0.00% | 4.13% |
| Q1 2025 | 14.40% | 1.00% | 0.00% | 0.00% | 4.01% |
| Q4 2024 | 14.45% | 0.46% | 0.00% | 0.00% | 3.95% |
| Q3 2024 | 14.13% | 1.02% | 0.00% | 0.00% | 3.90% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Freeport State Bank (main office) | Freeport , MN | 56331 | $88.2M |
| Melrose Branch | Melrose , MN | 56352 | $46.4M |
| Greenwald Branch | Greenwald , MN | 56335 | $13.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 157 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 48 applications, 44 loans originated, $9.4M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $154K approved, $154K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Freeport State Bank
What are Freeport State Bank's total assets?
As of the Q2 2026 filing, Freeport State Bank reported total assets of $165.5 million in its FFIEC call report.
Where is Freeport State Bank headquartered?
It is headquartered in Freeport, MN, United States.
When was Freeport State Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Freeport State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8210). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Freeport State Bank?
Freeport State Bank's primary federal regulator is the FDIC.
What is Freeport State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.00% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Freeport State Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Freeport State Bank's Texas Ratio?
Its Texas Ratio is 0.01% 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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