Mid-Central National Bank
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Data as of · sourced from FFIEC call reports. How we update
Mid-Central National Bank is an FDIC-insured commercial bank headquartered in Wadena, MN, established in 1957 (FDIC certificate 30943), and it is supervised by the OCC. At Q2 2026 it reported total assets of $117.1M, down 1.3% from Q2 2025, the 156th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 24.82% 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
- 30943
- Headquarters
- Wadena, MN
- Established
- 1957
- Total assets, Q2 2026
- $117.1M
- Assets vs Q2 2025
- -1.3%
- CET1 ratio, Q2 2026
- 24.82%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 291270649
- Latest call report
- Q2 2026, FFIEC 051 · Mid-Central National Bank call report
- Holding company
- JIKO GROUP, INC.
- Asset rank in state
- 156th of 221 in Minnesota
Mid-Central National Bank, based in Wadena, Minnesota, reported $117 million in assets at June 30, 2026, down 1.3% from a year earlier. It returns 3.1% a year on shareholders' equity, a small fraction of the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it keeps 5.19 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.95 cents).
Loans and deposits moved in opposite directions: over the year loans rose 4.3% and deposits fell 2.4%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.76% of loans, down from 1.14% a year earlier. Costs are the weak spot: it spends about 83 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Mid-Central National Bank reported a CET1 capital ratio of 24.82%, a return on assets of 0.57%, a nonperforming-loan ratio of 0.76% and a Texas ratio of 3.87%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Mid-Central National Bank is the 156th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.2% to $117.1M, loans fell 1.9% and deposits fell 0.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 60.6% of total loans, ahead of auto loans at 12.4%. Its 3 offices in the FDIC Summary of Deposits are in Wadena, MN, Long Prairie, MN and Staples, MN; its Wadena office books 53% of its branch deposits. Judged on its Q2 2026 call report, Mid-Central National Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 520 Jefferson St S, Wadena, MN 56482
- County
- Wadena
- 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
- March 11, 1957
- Former names
- Mid-Central Federal Savings Bank (1989-2020)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 36
- Domestic deposits
- $94.9M
- Allowance for credit losses
- $753K
- Net charge-offs (YTD)
- $0
- Average total assets
- $117.3M
- Average total loans
- $89.4M
- Average interest-bearing deposits
- $84.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 30943
- Fed RSSD
- 773171
- SEC CIK
- 1682244 → filed by JIKO GROUP, INC.
- Website
- www.midcentralbank.com →
- Parent Holding Company
- JIKO GROUP, INC. (RSSD 5306499)
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, Mid-Central National Bank's total assets ran between $115.9M (Q4 2025) and $124.1M (Q3 2023), 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
$117.1M total assets against $118.7M; $95.9M total liabilities against $98.3M.
$88.4M net loans and leases against $84.8M; $94.9M total deposits against $97.2M.
$4.9M securities against $18.4M; $16.4M cash and balances due against $7.9M.
$1.6M total interest income against $1.6M; $219K total interest expense against $249K.
$1.4M net interest income against $1.4M.
$177K total noninterest income against $169K; $1.3M total noninterest expense against $1.2M.
$39K provision for credit losses against $92K.
$167K net income against $196K.
0.57% return on assets against 0.65%; 5.19% net interest margin against 4.86%.
24.82% CET1 capital ratio against 24.64%; 14.91% tier 1 leverage ratio against 13.74%.
Inside the full Mid-Central National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMid-Central National Bank rankings
Its closest position to the top of a national ranking is 158 of 2,134, for CET1 ratio; its furthest is 3,321 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.57% (Q2 2026) to 0.96% (Q4 2025) and its net interest margin ran from 4.65% (Q1 2025) to 5.19% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 24.82% | 0.57% | 0.76% | 3.87% | 5.19% |
| Q1 2026 | 23.95% | 0.63% | 1.16% | 6.09% | 5.16% |
| Q4 2025 | 23.89% | 0.96% | 1.21% | 5.50% | 5.15% |
| Q3 2025 | 24.33% | 0.81% | 1.10% | 5.68% | 4.95% |
| Q2 2025 | 24.64% | 0.65% | 1.15% | 6.46% | 4.86% |
| Q1 2025 | 25.36% | 0.63% | 1.36% | 7.42% | 4.65% |
| Q4 2024 | 25.98% | 0.72% | 0.50% | 2.46% | 4.68% |
| Q3 2024 | 30.82% | 0.78% | 0.49% | 2.01% | 4.67% |
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 |
|---|---|---|---|
| Mid-Central National Bank (main office) | Wadena , MN | 56482 | $50.5M |
| Long Prairie Branch | Long Prairie , MN | 56347 | $25.4M |
| Staples Branch | Staples , MN | 56479 | $19.0M |
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 July 26, 1991. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 197 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $25K approved, $25K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (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 Mid-Central National Bank
What are Mid-Central National Bank's total assets?
As of the Q2 2026 filing, Mid-Central National Bank reported total assets of $117.1 million in its FFIEC call report.
Where is Mid-Central National Bank headquartered?
It is headquartered in Wadena, MN, United States.
When was Mid-Central National Bank founded?
It was established in 1957, per the FDIC institution directory.
Is Mid-Central National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #30943). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mid-Central National Bank?
Mid-Central National Bank's primary federal regulator is the OCC.
What is Mid-Central National Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 24.82% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Mid-Central National 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 Mid-Central National Bank's Texas Ratio?
Its Texas Ratio is 3.87% 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.
What was Mid-Central National Bank previously called?
The charter now named Mid-Central National Bank has also operated as Mid-Central Federal Savings Bank (1989-2020), per FDIC structure-change records.
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