Northern State Bank
BankRegReports is independent of Northern State Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Northern State Bank is an FDIC-insured commercial bank headquartered in Ashland, WI, established in 1933 (FDIC certificate 15242), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $330.8M, up 8.2% from Q2 2025, the 91st largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 17.11% 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
- 15242
- Headquarters
- Ashland, WI
- Established
- 1933
- Total assets, Q2 2026
- $330.8M
- Assets vs Q2 2025
- +8.2%
- CET1 ratio, Q2 2026
- 17.11%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 091510253
- Latest call report
- Q2 2026, FFIEC 051 · Northern State Bank call report
- Holding company
- BAY AREA BANKING SHARES, INC.
- Asset rank in state
- 91st of 153 in Wisconsin
Northern State Bank, based in Ashland, Wisconsin, reported $331 million in assets at June 30, 2026, up 8.2% from a year earlier. It shrank its loan book 1.1% over the year, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 5.5%). It also returns 18.5% a year on shareholders' equity, higher than about three-quarters of banks its size (median 12.5%).
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 0.22% of loans from 1.03%. Loans and deposits moved in opposite directions: over the year loans fell 1.1% and deposits rose 8.7%. One more trend to watch: net income for the quarter slipped 13% from a year earlier, to $1.5 million.
As of June 30, 2026, Northern State Bank reported a CET1 capital ratio of 17.11%, a return on assets of 1.82%, a nonperforming-loan ratio of 0.22% and a Texas ratio of 0.98%. The figures come from its call report filed with the FFIEC.
Of the 153 banks headquartered in Wisconsin, Northern State Bank is the 91st largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.6% to $330.8M, loans rose 4.2% and deposits rose 0.5%. 1-4 family residential loans made up 45.1% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 18.4%. Its 7 offices in the FDIC Summary of Deposits are in 6 cities across 2 states; its Ashland 2 offices book 75% of its branch deposits. By the capital ratios in its Q2 2026 call report, Northern State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 321 Main St W, Ashland, WI 54806
- County
- Ashland
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 5, 1933
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 49
- Domestic deposits
- $297.1M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $335.0M
- Average total loans
- $154.7M
- Average interest-bearing deposits
- $267.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 15242
- Fed RSSD
- 625757
- Website
- http://www.nsbashland.com →
- Parent Holding Company
- BAY AREA BANKING SHARES, INC. (RSSD 1127799)
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, Northern State Bank's total assets ran between $303.5M (Q2 2024) and $330.9M (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
$330.8M total assets against $305.6M; $297.7M total liabilities against $273.8M.
$154.7M net loans and leases against $156.5M; $297.1M total deposits against $273.3M.
$116.4M securities against $95.9M; $46.2M cash and balances due against $41.7M.
$4.2M total interest income against $3.7M; $1.1M total interest expense against $859K.
$3.1M net interest income against $2.9M.
$275K total noninterest income against $814K; $1.8M total noninterest expense against $1.8M.
$100K provision for credit losses against $150K.
$1.5M net income against $1.7M.
1.82% return on assets against 2.27%; 4.01% net interest margin against 4.04%.
17.11% CET1 capital ratio against 18.46%; 9.92% tier 1 leverage ratio against 10.28%.
Inside the full Northern State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeNorthern State Bank rankings
Its closest position to the top of a national ranking is 724 of 3,611, for ROA; its furthest is 2,688 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.48% (Q1 2026) to 2.27% (Q2 2025) and its net interest margin ran from 3.83% (Q1 2026) to 4.21% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.11% | 1.82% | 0.22% | 0.98% | 4.01% |
| Q1 2026 | 17.94% | 1.48% | 0.93% | 4.04% | 3.83% |
| Q4 2025 | 17.67% | 1.79% | 0.88% | 3.86% | 4.01% |
| Q3 2025 | 18.13% | 1.63% | 1.03% | 4.65% | 4.08% |
| Q2 2025 | 18.46% | 2.27% | 1.03% | 4.87% | 4.04% |
| Q1 2025 | 18.58% | 1.79% | 1.04% | 5.06% | 3.98% |
| Q4 2024 | 17.34% | 1.95% | 0.08% | 0.74% | 4.21% |
| Q3 2024 | 16.70% | 2.07% | 0.09% | 0.47% | 4.09% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| Northern State Bank (main office) | Ashland , WI | 54806 | $223.7M |
| Aurora Branch | Aurora , MN | 55705 | $23.1M |
| Mellen Branch | Mellen , WI | 54546 | $14.0M |
| Washburn Iga Branch | Washburn , WI | 54891 | $13.4M |
| Butternut Branch | Butternut , WI | 54514 | $13.0M |
| Glidden Branch | Glidden , WI | 54527 | $9.9M |
| Auto Bank Facility | Ashland , WI | 54806 | $0 |
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 |
|---|---|---|---|
| March 20, 2010 | Structure Change | Acquired State Bank of Aurora Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 19, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in WI, rank 101 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 158 applications, 110 loans originated, $17.5M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $180K approved, $180K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (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
Add this badge to your website
Free to use. It shows Northern State Bank’s latest filed figures and updates each quarter.
Similar banks
Compare Northern State Bank with peers
Frequently asked about Northern State Bank
What are Northern State Bank's total assets?
As of the Q2 2026 filing, Northern State Bank reported total assets of $330.8 million in its FFIEC call report.
Where is Northern State Bank headquartered?
It is headquartered in Ashland, WI, United States.
When was Northern State Bank founded?
It was established in 1933, per the FDIC institution directory.
Is Northern State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15242). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northern State Bank?
Northern State Bank's primary federal regulator is the FDIC.
What is Northern State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.11% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Northern State Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Northern State Bank's Texas Ratio?
Its Texas Ratio is 0.98% 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.
Go deeper on Northern State Bank.
Get an email when Northern State Bank files its next call report, and benchmark it against any peer you choose.
Unlock Northern State Bank, freeFree account