Northeast Bank (Minneapolis, MN)
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Data as of · sourced from FFIEC call reports. How we update
Northeast Bank is an FDIC-insured commercial bank headquartered in Minneapolis, MN, established in 1948 (FDIC certificate 16659), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $837.3M, up 1.5% from Q2 2025, the 27th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.31% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16659
- Headquarters
- Minneapolis, MN
- Established
- 1948
- Total assets, Q2 2026
- $837.3M
- Assets vs Q2 2025
- +1.5%
- CET1 ratio, Q2 2026
- 12.31%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091000132
- Holding company
- NORTHEAST SECURITIES CORPORATION
- Asset rank in state
- 27th of 221 in Minnesota
Northeast Bank leans heavily on commercial real estate. It reported $837 million in assets at June 30, 2026, up 1.5% from a year earlier. It holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it pays an average of 1.21% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Its $100 million commercial and industrial book is improving, with 0.17% past due or on nonaccrual, down from 2.81% a year earlier. 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 0.18% of loans from 0.55%. Where it has less room is capital: it holds common equity equal to 12.31% of its risk-weighted assets, lower than about three-quarters of banks its size (median 15.12%).
As of June 30, 2026, Northeast Bank reported a CET1 capital ratio of 12.31%, a return on assets of 1.51%, a nonperforming-loan ratio of 0.20% and a Texas ratio of 2.37%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Northeast Bank is the 27th largest of the 221 banks headquartered in Minnesota. Between Q1 2026 and Q2 2026, its total assets fell 0.1% to $837.3M, loans fell 2.3% and deposits fell 0.6%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 31.0% of total loans, followed by owner-occupied commercial real estate loans at 28.1%. The FDIC Summary of Deposits lists 3 offices for it, in New Brighton, MN, Minneapolis, MN and Coon Rapids, MN; its New Brighton office books 44% of its branch deposits. On its Q2 2026 call report, Northeast Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 77 Broadway St Ne, Minneapolis, MN 55413
- County
- Hennepin
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- 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 041
- Established
- January 3, 1948
- Former names
- Northeast State Bank of Minneapolis (1962-1996)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 78
- Domestic deposits
- $760.7M
- Allowance for credit losses
- $5.7M
- Net charge-offs (YTD)
- -$268K
- Average total assets
- $828.5M
- Average total loans
- $599.3M
- Average interest-bearing deposits
- $570.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 3, 1948
- FDIC Cert
- 16659
- Fed RSSD
- 689357
- Website
- www.nebankmn.com →
- Parent Holding Company
- NORTHEAST SECURITIES CORPORATION (RSSD 1122422)
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, Northeast Bank's total assets ran between $715.6M (Q3 2023) and $838.4M (Q1 2026), 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
$837.3M total assets against $825.3M; $767.3M total liabilities against $765.3M.
$591.0M net loans and leases against $589.1M; $760.7M total deposits against $758.9M.
$211.0M securities against $203.9M; $24.1M cash and balances due against $22.8M.
$10.7M total interest income against $10.4M; $2.3M total interest expense against $2.8M.
$8.5M net interest income against $7.6M.
$423K total noninterest income against $360K; $5.8M total noninterest expense against $4.9M.
$0 provision for credit losses against $500K.
$3.1M net income against $2.6M.
1.51% return on assets against 1.26%; 4.27% net interest margin against 3.90%.
12.31% CET1 capital ratio against 11.86%; 10.13% tier 1 leverage ratio against 9.53%.
Inside the full Northeast 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.
Northeast Bank rankings
Its closest position to the top of a national ranking is 1,200 of 4,196, for total assets; its furthest is 1,609 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.70% (Q4 2025) to 1.51% (Q2 2026) and its net interest margin ran from 3.66% (Q3 2024) to 4.27% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.31% | 1.51% | 0.20% | 2.37% | 4.27% |
| Q1 2026 | 11.98% | 1.48% | 0.10% | 1.76% | 4.08% |
| Q4 2025 | 11.90% | 0.70% | 0.28% | 2.13% | 4.08% |
| Q3 2025 | 11.88% | 1.07% | 0.72% | 5.65% | 3.90% |
| Q2 2025 | 11.86% | 1.26% | 0.55% | 5.04% | 3.90% |
| Q1 2025 | 12.40% | 1.37% | 0.03% | 0.32% | 3.80% |
| Q4 2024 | 12.81% | 1.11% | 0.04% | 0.37% | 3.84% |
| Q3 2024 | 13.15% | 1.30% | 0.07% | 0.57% | 3.66% |
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 |
|---|---|---|---|
| New Brighton Branch | New Brighton , MN | 55112 | $335.7M |
| Northeast Bank (main office) | Minneapolis , MN | 55413 | $298.9M |
| Coon Rapids Branch | Coon Rapids , MN | 55433 | $126.1M |
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 |
|---|---|---|---|
| December 30, 1996 | Structure Change | Acquired Northeast Securities Brokerage Corporation Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, NORTHEAST SECURITIES CORPORATION, not the bank itself
- May 24, 2010, Federal Reserve: Written Agreement: Northeast Securities Corporation, Minneapolis, Minnesota
- Period: Most recent institution action May 24, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in MN, rank 37 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 28 applications, 28 loans originated, $10.1M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 14 loans, $9.5M approved, $680K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Northeast Bank
What are Northeast Bank's total assets?
As of the Q2 2026 filing, Northeast Bank reported total assets of $837.3 million in its FFIEC call report.
Where is Northeast Bank headquartered?
It is headquartered in Minneapolis, MN, United States.
When was Northeast Bank founded?
It was established in 1948, per the FDIC institution directory.
Is Northeast Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16659). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northeast Bank?
Northeast Bank's primary federal regulator is the FDIC.
What is Northeast Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.31% in its Q2 2026 call report, above regulatory requirements.
How many branches does Northeast 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 Northeast Bank's Texas Ratio?
Its Texas Ratio is 2.37% 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 Northeast Bank previously called?
The charter now named Northeast Bank has also operated as Northeast State Bank of Minneapolis (1962-1996), per FDIC structure-change records.
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