Odin State Bank
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Data as of · sourced from FFIEC call reports. How we update
Odin State Bank is an FDIC-insured commercial bank headquartered in Odin, MN, established in 1904 (FDIC certificate 14574), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $82.4M, up 5.3% from Q2 2025, the 186th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 11.94% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14574
- Headquarters
- Odin, MN
- Established
- 1904
- Total assets, Q2 2026
- $82.4M
- Assets vs Q2 2025
- +5.3%
- CET1 ratio, Q2 2026
- 11.94%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091208853
- Latest call report
- Q2 2026, FFIEC 051 · Odin State Bank call report
- Holding company
- ODIN BANCSHARES, INC.
- Asset rank in state
- 186th of 221 in Minnesota
Problem loans are rising at Odin State Bank. Based in Odin, Minnesota, it had $82 million in assets at June 30, 2026, up 5.3% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.17% of loans from 1.45% a year earlier. It returns 28.1% a year on shareholders' equity, about triple the median of 8.6% for the 583 banks with less than $100 million in assets. On the other hand, it holds common equity equal to 11.94% of its risk-weighted assets, about half the median of 22.08% for banks its size.
Earnings jumped: net income for the quarter was $443,000, 90% above the same quarter a year earlier. Over the same year, loans shrank 3.3% and deposits grew 4.6%. Credit is the area to watch: it carries problem assets equal to 17.6% of the capital and reserves that would absorb them, 12.8 times the median of 1.4% for banks its size.
As of June 30, 2026, Odin State Bank reported a CET1 capital ratio of 11.94%, a return on assets of 2.22%, a nonperforming-loan ratio of 2.17% and a Texas ratio of 17.62%. The figures come from its call report filed with the FFIEC.
Odin State Bank ranks as the 186th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 4.5% to $82.4M, loans fell 3.6% and deposits rose 3.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 51.6% of total loans, ahead of farmland and other real estate loans at 18.9%. Its one office in the FDIC Summary of Deposits is in Odin, MN. By the capital ratios in its Q2 2026 call report, Odin State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 101 E Main St, Odin, MN 56160
- County
- Watonwan
- 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
- June 9, 1904
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 12
- Domestic deposits
- $74.4M
- Allowance for credit losses
- $636K
- Net charge-offs (YTD)
- $832K
- Average total assets
- $79.7M
- Average total loans
- $61.4M
- Average interest-bearing deposits
- $62.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 28, 1934
- FDIC Cert
- 14574
- Fed RSSD
- 876157
- Website
- www.odinstatebank.com →
- Parent Holding Company
- ODIN BANCSHARES, INC. (RSSD 3072594)
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
Odin State Bank's total assets moved between a low of $68.1M (Q3 2023) and a high of $82.4M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$82.4M total assets against $78.3M; $75.7M total liabilities against $72.4M.
$59.4M net loans and leases against $61.4M; $74.4M total deposits against $71.2M.
$19.2M securities against $11.4M; $2.4M cash and balances due against $3.5M.
$1.2M total interest income against $1.3M; $509K total interest expense against $588K.
$727K net interest income against $673K.
$143K total noninterest income against $36K; $464K total noninterest expense against $440K.
$0 provision for credit losses against $6K.
$443K net income against $233K.
2.22% return on assets against 1.15%; 3.71% net interest margin against 3.44%.
11.94% CET1 capital ratio against 12.34%; 8.50% tier 1 leverage ratio against 8.32%.
Inside the full Odin State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -2.41% (Q1 2026) to 2.22% (Q2 2026) and its net interest margin ran from 3.23% (Q3 2024) to 3.85% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.94% | 2.22% | 2.17% | 17.62% | 3.71% |
| Q1 2026 | 11.18% | -2.41% | 1.15% | 14.59% | 3.85% |
| Q4 2025 | 11.95% | 1.22% | 1.38% | 14.86% | 3.85% |
| Q3 2025 | 12.15% | 0.62% | 1.50% | 16.46% | 3.69% |
| Q2 2025 | 12.34% | 1.15% | 1.45% | 14.42% | 3.44% |
| Q1 2025 | 11.84% | 0.91% | 1.20% | 12.62% | 3.25% |
| Q4 2024 | 11.84% | 1.12% | 1.55% | 15.92% | 3.28% |
| Q3 2024 | 12.18% | 1.22% | 1.86% | 18.02% | 3.23% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| Odin State Bank (main office) | Odin , MN | 56160 | $74.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 225 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 Odin State Bank
What are Odin State Bank's total assets?
As of the Q2 2026 filing, Odin State Bank reported total assets of $82.4 million in its FFIEC call report.
Where is Odin State Bank headquartered?
It is headquartered in Odin, MN, United States.
When was Odin State Bank founded?
It was established in 1904, per the FDIC institution directory.
Is Odin State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14574). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Odin State Bank?
Odin State Bank's primary federal regulator is the FDIC.
What is Odin State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.94% in its Q2 2026 call report, above regulatory requirements.
How many branches does Odin State Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Odin State Bank's Texas Ratio?
Its Texas Ratio is 17.62% 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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