Pine River State Bank
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Data as of · sourced from FFIEC call reports. How we update
Pine River State Bank is an FDIC-insured commercial bank headquartered in Pine River, MN, established in 1918 (FDIC certificate 10194), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $185.3M, up 3.5% from Q2 2025, the 120th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 16.36% 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
- 10194
- Headquarters
- Pine River, MN
- Established
- 1918
- Total assets, Q2 2026
- $185.3M
- Assets vs Q2 2025
- +3.5%
- CET1 ratio, Q2 2026
- 16.36%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091914121
- Latest call report
- Q2 2026, FFIEC 051 · Pine River State Bank call report
- Holding company
- NORBANC GROUP INC.
- Asset rank in state
- 120th of 221 in Minnesota
Problem loans are rising at Pine River State Bank. It reported $185 million in assets at June 30, 2026, up 3.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.74% of loans from 0.12% a year earlier. It funds 8.48% of its assets with Tier 1 capital, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also spends about 74 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
Delinquency has appeared in its $13 million non-owner-occupied commercial real estate book: 0.83% of those loans are past due or on nonaccrual, against almost none a year earlier.
As of June 30, 2026, Pine River State Bank reported a CET1 capital ratio of 16.36%, a return on assets of 0.97%, a nonperforming-loan ratio of 0.74% and a Texas ratio of 6.64%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Pine River State Bank is the 120th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.9% to $185.3M, loans rose 3.2% and deposits rose 0.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 47.9% of total loans, ahead of owner-occupied commercial real estate loans at 14.7%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in MN; its Pine River office books 49% of its branch deposits. By the capital ratios in its Q2 2026 call report, Pine River State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 103 Mill St, Pine River, MN 56474
- County
- Cass
- Metro Area
- Brainerd, MN
- 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
- January 22, 1918
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 39
- Domestic deposits
- $169.8M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- $0
- Average total assets
- $183.6M
- Average total loans
- $103.6M
- Average interest-bearing deposits
- $122.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10194
- Fed RSSD
- 729057
- Website
- www.pineriverstatebank.com →
- Parent Holding Company
- NORBANC GROUP INC. (RSSD 1128424)
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
From Q3 2023 to Q2 2026, Pine River State Bank's total assets ranged from $172.5M (Q1 2024) to $188.3M (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
$185.3M total assets against $179.0M; $170.2M total liabilities against $165.0M.
$105.5M net loans and leases against $100.4M; $169.8M total deposits against $164.6M.
$55.7M securities against $43.4M; $19.9M cash and balances due against $31.3M.
$2.3M total interest income against $2.1M; $588K total interest expense against $571K.
$1.7M net interest income against $1.5M.
$38K total noninterest income against $110K; $1.3M total noninterest expense against $1.2M.
-$2K provision for credit losses against $15K.
$443K net income against $415K.
0.97% return on assets against 0.94%; 3.86% net interest margin against 3.43%.
16.36% CET1 capital ratio against 14.18%; 8.48% tier 1 leverage ratio against 8.26%.
Inside the full Pine River State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freePine River State Bank rankings
Its closest position to the top of a national ranking is 1,015 of 3,640, for Texas Ratio; its furthest is 3,003 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.69% (Q3 2024) to 1.13% (Q4 2025) and its net interest margin ran from 3.13% (Q3 2024) to 3.86% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.36% | 0.97% | 0.74% | 6.64% | 3.86% |
| Q1 2026 | 17.06% | 0.88% | 0.43% | 4.79% | 3.65% |
| Q4 2025 | 16.93% | 1.13% | 0.02% | 2.08% | 3.70% |
| Q3 2025 | 16.09% | 0.96% | 0.06% | 2.46% | 3.64% |
| Q2 2025 | 14.18% | 0.94% | 0.12% | 2.95% | 3.43% |
| Q1 2025 | 15.23% | 0.73% | 0.43% | 3.25% | 3.23% |
| Q4 2024 | 15.36% | 0.78% | 0.02% | 0.17% | 3.25% |
| Q3 2024 | 14.89% | 0.69% | 0.00% | 0.00% | 3.13% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| Pine River State Bank (main office) | Pine River , MN | 56474 | $82.6M |
| Nowthen Branch | Elk River , MN | 55330 | $33.3M |
| Emily Branch | Emily , MN | 56447 | $24.7M |
| Pillager Branch | Pillager , MN | 56473 | $15.1M |
| Breezy Point Branch | Breezy Point , MN | 56472 | $14.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 151 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 10 applications, 8 loans originated, $1.9M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $253K approved, $63K 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
- 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 Pine River State Bank
What are Pine River State Bank's total assets?
As of the Q2 2026 filing, Pine River State Bank reported total assets of $185.3 million in its FFIEC call report.
Where is Pine River State Bank headquartered?
It is headquartered in Pine River, MN, United States.
When was Pine River State Bank founded?
It was established in 1918, per the FDIC institution directory.
Is Pine River State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10194). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Pine River State Bank?
Pine River State Bank's primary federal regulator is the FDIC.
What is Pine River State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.36% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Pine River State Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Pine River State Bank's Texas Ratio?
Its Texas Ratio is 6.64% 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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