Quoin Financial Bank
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Data as of · sourced from FFIEC call reports. How we update
Quoin Financial Bank is an FDIC-insured commercial bank headquartered in Miller, SD, established in 1938 (FDIC certificate 15629), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $250.7M, up 3.0% from Q2 2025, the 33rd largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 12.27% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15629
- Headquarters
- Miller, SD
- Established
- 1938
- Total assets, Q2 2026
- $250.7M
- Assets vs Q2 2025
- +3.0%
- CET1 ratio, Q2 2026
- 12.27%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091401142
- Latest call report
- Q2 2026, FFIEC 041 · Quoin Financial Bank call report
- Holding company
- QUOIN BANCSHARES, INC.
- Asset rank in state
- 33rd of 56 in South Dakota
Quoin Financial Bank earns an unusually wide margin on its lending. The Miller, South Dakota bank had $251 million in assets at June 30, 2026, up 3.0% from a year earlier. It keeps 4.90 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it funds 7.89% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
Net income for the quarter rose 15% from a year earlier, to $811,000. Over the same year, loans grew 0.1% and deposits grew 6.3%.
As of June 30, 2026, Quoin Financial Bank reported a CET1 capital ratio of 12.27%, a return on assets of 1.29%, a nonperforming-loan ratio of 0.21% and a Texas ratio of 1.65%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in South Dakota, Quoin Financial Bank is the 33rd largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.4% to $250.7M, loans rose 5.6% and deposits rose 3.0%. Farmland and other real estate loans made up 33.5% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 21.9%. The FDIC Summary of Deposits lists 3 offices for it, in Miller, SD, Highmore, SD and Sioux Falls, SD; its Miller office books 47% of its branch deposits. By the capital ratios in its Q2 2026 call report, Quoin Financial Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 201 N Broadway Ave, Miller, SD 57362
- County
- Hand
- 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 1, 1938
- Former names
- First State Bank of Miller (1987-2007)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 37
- Domestic deposits
- $216.5M
- Allowance for credit losses
- $803K
- Net charge-offs (YTD)
- $11K
- Average total assets
- $250.6M
- Average total loans
- $150.2M
- Average interest-bearing deposits
- $179.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 14, 1938
- FDIC Cert
- 15629
- Fed RSSD
- 592550
- Website
- www.quoinbank.com →
- Parent Holding Company
- QUOIN BANCSHARES, INC. (RSSD 5862351)
- Ultimate Parent
- INDEPENDENT BANCSHARES, INC. (RSSD 2466235)
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, Quoin Financial Bank's total assets ran between $204.3M (Q3 2023) and $250.7M (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
$250.7M total assets against $243.3M; $221.1M total liabilities against $211.0M.
$155.8M net loans and leases against $155.6M; $216.5M total deposits against $203.6M.
$53.9M securities against $32.9M; $18.6M cash and balances due against $31.3M.
$3.9M total interest income against $4.0M; $1.1M total interest expense against $1.2M.
$2.8M net interest income against $2.8M.
$255K total noninterest income against $237K; $2.0M total noninterest expense against $1.9M.
$0 provision for credit losses against $300K.
$811K net income against $708K.
1.29% return on assets against 1.13%; 4.90% net interest margin against 5.04%.
12.27% CET1 capital ratio against 13.01%; 7.89% tier 1 leverage ratio against 8.31%.
Inside the full Quoin Financial Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuoin Financial Bank rankings
Its closest position to the top of a national ranking is 1,253 of 3,606, for efficiency ratio; its furthest is 1,625 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.86% (Q1 2025) to 1.67% (Q3 2025) and its net interest margin ran from 4.86% (Q1 2026) to 5.77% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.27% | 1.29% | 0.21% | 1.65% | 4.90% |
| Q1 2026 | 12.45% | 1.03% | 0.22% | 1.68% | 4.86% |
| Q4 2025 | 12.17% | 1.43% | 0.10% | 0.76% | 5.08% |
| Q3 2025 | 12.05% | 1.67% | 0.09% | 0.69% | 5.30% |
| Q2 2025 | 13.01% | 1.13% | 0.09% | 0.69% | 5.04% |
| Q1 2025 | 13.50% | 0.86% | 0.00% | 0.00% | 4.95% |
| Q4 2024 | 13.07% | 1.39% | 0.00% | 0.00% | 5.22% |
| Q3 2024 | 12.78% | 1.56% | 0.00% | 0.00% | 5.77% |
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 |
|---|---|---|---|
| Quoin Financial Bank (main office) | Miller , SD | 57362 | $101.6M |
| Highmore Branch | Highmore , SD | 57345 | $57.8M |
| Sioux Falls Branch | Sioux Falls , SD | 57108 | $57.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 34 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $250K approved, $250K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1992 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Quoin Financial Bank
What are Quoin Financial Bank's total assets?
As of the Q2 2026 filing, Quoin Financial Bank reported total assets of $250.7 million in its FFIEC call report.
Where is Quoin Financial Bank headquartered?
It is headquartered in Miller, SD, United States.
When was Quoin Financial Bank founded?
It was established in 1938, per the FDIC institution directory.
Is Quoin Financial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15629). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Quoin Financial Bank?
Quoin Financial Bank's primary federal regulator is the FDIC.
What is Quoin Financial Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.27% in its Q2 2026 call report, above regulatory requirements.
How many branches does Quoin Financial 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 Quoin Financial Bank's Texas Ratio?
Its Texas Ratio is 1.65% 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 Quoin Financial Bank previously called?
The charter now named Quoin Financial Bank has also operated as First State Bank of Miller (1987-2007), per FDIC structure-change records.
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