Midcountry Bank
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Data as of · sourced from FFIEC call reports. How we update
Midcountry Bank is an FDIC-insured savings institution headquartered in Bloomington, MN, established in 1933 (FDIC certificate 28865), and it is supervised by the OCC. At Q2 2026 it reported total assets of $1.07B, down 0.2% from Q2 2025, the 17th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.98% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 28865
- Headquarters
- Bloomington, MN
- Established
- 1933
- Total assets, Q2 2026
- $1.07B
- Assets vs Q2 2025
- -0.2%
- CET1 ratio, Q2 2026
- 15.98%
- Domestic offices
- 16 FDIC institution directory, current count
- Routing number
- 291970033
- Latest call report
- Q2 2026, FFIEC 051 · Midcountry Bank call report
- Holding company
- MIDCOUNTRY ACQUISITION CORP.
- Asset rank in state
- 17th of 221 in Minnesota
Midcountry Bank, based in Bloomington, Minnesota, reported $1.1 billion in assets at June 30, 2026. It shrank its loan book 3.1% over the year, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 5.9%). It also returns 6.6% a year on shareholders' equity, about half the median of 12.6% for banks its size.
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.57% of loans from 1.78%. Delinquency has appeared in its $100 million multifamily book: 1.62% of those loans are past due or on nonaccrual, against almost none a year earlier.
As of June 30, 2026, Midcountry Bank reported a CET1 capital ratio of 15.98%, a return on assets of 0.85%, a nonperforming-loan ratio of 0.90% and a Texas ratio of 3.99%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Midcountry Bank is the 17th largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets rose 2.6% to $1.07B, loans rose 5.2% and deposits fell 0.7%. Non-owner-occupied commercial real estate loans made up 33.7% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 15.7%. The FDIC Summary of Deposits lists 16 offices for it, in 16 cities in MN; its Hutchinson office books 16% of its branch deposits. By the capital ratios in its Q2 2026 call report, Midcountry Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 7825 Washington Ave S, Bloomington, MN 55439
- County
- Hennepin
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- —
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1933
- Former names
- First Federal FSB (1994-2004)
- Domestic offices
- 16 FDIC institution directory, current count
- Employees (FTE)
- 124
- Domestic deposits
- $835.8M
- Allowance for credit losses
- $13.2M
- Net charge-offs (YTD)
- $109K
- Average total assets
- $1.05B
- Average total loans
- $715.2M
- Average interest-bearing deposits
- $669.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28865
- Fed RSSD
- 3971
- Website
- www.midcountrybank.com →
- Parent Holding Company
- MIDCOUNTRY ACQUISITION CORP. (RSSD 5281989)
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, Midcountry Bank's total assets ran between $1.04B (Q4 2025) and $1.19B (Q1 2024), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.07B total assets against $1.07B; $937.3M total liabilities against $941.6M.
$724.0M net loans and leases against $748.2M; $835.8M total deposits against $893.8M.
$225.5M securities against $203.8M; $52.9M cash and balances due against $58.9M.
$13.3M total interest income against $14.2M; $3.9M total interest expense against $4.8M.
$9.4M net interest income against $9.4M.
$779K total noninterest income against $662K; $6.8M total noninterest expense against $6.7M.
$251K provision for credit losses against $2K.
$2.2M net income against $2.4M.
0.85% return on assets against 0.88%; 3.67% net interest margin against 3.56%.
15.98% CET1 capital ratio against 15.33%; 13.00% tier 1 leverage ratio against 12.32%.
Inside the full Midcountry Bank 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.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Midcountry Bank rankings
Its closest position to the top of a national ranking is 973 of 4,196, for total assets; its furthest is 2,803 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -2.97% (Q3 2024) to 1.22% (Q1 2026) and its net interest margin ran from 3.27% (Q3 2024) to 4.00% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.98% | 0.85% | 0.90% | 3.99% | 3.67% |
| Q1 2026 | 16.85% | 1.22% | 1.55% | 5.97% | 4.00% |
| Q4 2025 | 16.12% | 1.04% | 1.77% | 7.32% | 3.54% |
| Q3 2025 | 15.94% | 0.74% | 1.98% | 8.85% | 3.47% |
| Q2 2025 | 15.33% | 0.88% | 2.15% | 10.11% | 3.56% |
| Q1 2025 | 14.68% | 0.76% | 2.27% | 11.76% | 3.33% |
| Q4 2024 | 13.78% | 0.51% | 2.76% | 14.22% | 3.60% |
| Q3 2024 | 13.25% | -2.97% | 2.64% | 16.17% | 3.27% |
Swipe the table sideways to see every column.
Branch Network
View all 16 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 |
|---|---|---|---|
| Hutchinson Branch | Hutchinson , MN | 55350 | $130.5M |
| Long Lake Branch | Long Lake , MN | 55356 | $108.2M |
| Buffalo Branch | Buffalo , MN | 55313 | $78.3M |
| Midcountry Bank (main office) | Minneapolis , MN | 55439 | $71.8M |
| Litchfield Branch | Litchfield , MN | 55355 | $53.8M |
| Waconia Branch | Waconia , MN | 55387 | $51.3M |
| Minnetonka Branch | Minnetonka , MN | 55345 | $50.3M |
| Apple Valley Branch | Apple Valley , MN | 55124 | $50.2M |
| St Cloud Branch | Saint Cloud , MN | 56301 | $46.4M |
| Glencoe Branch | Glencoe , MN | 55336 | $43.1M |
| Hastings Branch | Hastings , MN | 55033 | $39.8M |
| White Bear Lake Branch | White Bear Lake , MN | 55110 | $34.9M |
| Inver Grove Heights Branch | Inver Grove Heights , MN | 55076 | $27.4M |
| Springfield Branch | Springfield , MN | 56087 | $19.8M |
| Winthrop Branch | Winthrop , MN | 55396 | $15.9M |
| Sanborn Branch | Sanborn , MN | 56083 | $14.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2024 | Structure Change | Acquired Red Rock Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2024 | Structure Change | Acquired Lake Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 4, 2006 | Structure Change | Acquired South Pointe Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 3, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2004 | Structure Change | Acquired MidCountry Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 31, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1994 | Structure Change | Acquired First Federal Savings & Loan Association of Hastings Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 30, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in MN, rank 30 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 172 applications, 139 loans originated, $33.0M originated, across 5 states
- Period: Calendar year 2020. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $2.4M approved, $1.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 Midcountry Bank
What are Midcountry Bank's total assets?
As of the Q2 2026 filing, Midcountry Bank reported total assets of $1.07 billion in its FFIEC call report.
Where is Midcountry Bank headquartered?
It is headquartered in Bloomington, MN, United States.
When was Midcountry Bank founded?
It was established in 1933, per the FDIC institution directory.
Is Midcountry Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #28865). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Midcountry Bank?
Midcountry Bank's primary federal regulator is the OCC.
What is Midcountry Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.98% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Midcountry Bank operate?
It operates 16 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Midcountry Bank's Texas Ratio?
Its Texas Ratio is 3.99% 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 Midcountry Bank previously called?
The charter now named Midcountry Bank has also operated as First Federal FSB (1994-2004), per FDIC structure-change records.
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