State Bank of Bellingham
BankRegReports is independent of State Bank of Bellingham and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
State Bank of Bellingham is an FDIC-insured commercial bank headquartered in Bellingham, MN, established in 1942 (FDIC certificate 17062), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $46.4M, down 5.4% from Q2 2025, the 208th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 24.33% 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
- 17062
- Headquarters
- Bellingham, MN
- Established
- 1942
- Total assets, Q2 2026
- $46.4M
- Assets vs Q2 2025
- -5.4%
- CET1 ratio, Q2 2026
- 24.33%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091216340
- Latest call report
- Q2 2026, FFIEC 051 · State Bank of Bellingham call report
- Holding company
- BELLINGHAM CORPORATION, THE
- Asset rank in state
- 208th of 221 in Minnesota
Problem loans are rising at State Bank of Bellingham. The Bellingham, Minnesota bank had $46 million in assets at June 30, 2026, down 5.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.50% of loans from 1.09% a year earlier. It keeps 2.08 cents of net interest income on every dollar of earning assets, about half the median of 3.87 cents for the 583 banks with less than $100 million in assets. It also shrank its loan book 13.7% over the year, lower than about 9 in 10 banks its size (median 2.6%).
Net income for the quarter slipped 15% from a year earlier, to $22,000. Over the same year, loans shrank 13.7% and deposits shrank 5.5%. Funding is the softer spot: it pays an average of 2.90% on its deposits and borrowings, about double the median of 1.53% for banks its size.
As of June 30, 2026, State Bank of Bellingham reported a CET1 capital ratio of 24.33%, a return on assets of 0.18%, a nonperforming-loan ratio of 2.50% and a Texas ratio of 9.86%. The figures come from its call report filed with the FFIEC.
State Bank of Bellingham ranks as the 208th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 5.1% to $46.4M, loans fell 2.2% and deposits fell 4.1%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 33.7% of total loans, ahead of owner-occupied commercial real estate loans at 26.4%. The FDIC Summary of Deposits lists a single office for it, in Bellingham, MN. Judged on its Q2 2026 call report, State Bank of Bellingham meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 201 Main Ave, Bellingham, MN 56212
- County
- Lac Qui Parle
- 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
- March 9, 1942
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 5
- Domestic deposits
- $38.4M
- Allowance for credit losses
- $294K
- Net charge-offs (YTD)
- $0
- Average total assets
- $48.3M
- Average total loans
- $23.1M
- Average interest-bearing deposits
- $34.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 8, 1951
- FDIC Cert
- 17062
- Fed RSSD
- 272058
- Website
- www.stbankbhm.com →
- Parent Holding Company
- BELLINGHAM CORPORATION, THE (RSSD 1122132)
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, State Bank of Bellingham's total assets ranged from $46.4M (Q2 2026) to $54.4M (Q4 2023), 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
$46.4M total assets against $49.0M; $40.9M total liabilities against $44.5M.
$22.3M net loans and leases against $25.9M; $38.4M total deposits against $40.7M.
$19.7M securities against $19.6M; $3.4M cash and balances due against $2.6M.
$547K total interest income against $622K; $307K total interest expense against $398K.
$240K net interest income against $224K.
-$34K total noninterest income against $3K; $189K total noninterest expense against $201K.
No provision recorded in the last 12 quarters.
$22K net income against $26K.
0.18% return on assets against 0.20%; 2.08% net interest margin against 1.80%.
24.33% CET1 capital ratio against 22.28%; 14.81% tier 1 leverage ratio against 13.40%.
Inside the full State Bank of Bellingham terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeState Bank of Bellingham rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.11% (Q1 2025) to 1.45% (Q4 2024) and its net interest margin ran from 1.80% (Q2 2025) to 3.57% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 24.33% | 0.18% | 2.50% | 9.86% | 2.08% |
| Q1 2026 | 22.90% | 0.25% | 2.20% | 9.46% | 2.05% |
| Q4 2025 | 21.81% | 0.19% | 0.05% | 0.22% | 2.10% |
| Q3 2025 | 23.11% | 0.28% | 0.05% | 0.25% | 2.25% |
| Q2 2025 | 22.28% | 0.20% | 1.09% | 5.93% | 1.80% |
| Q1 2025 | 19.62% | 0.11% | 1.15% | 6.09% | 1.89% |
| Q4 2024 | 21.73% | 1.45% | 0.08% | 0.41% | 3.57% |
| Q3 2024 | 19.98% | 0.77% | 1.39% | 7.81% | 2.14% |
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 |
|---|---|---|---|
| State Bank of Bellingham (main office) | Bellingham , MN | 56212 | $38.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 254 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $310K approved, $310K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (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
Add this badge to your website
Free to use. It shows State Bank of Bellingham’s latest filed figures and updates each quarter.
Similar banks
Compare State Bank of Bellingham with peers
Frequently asked about State Bank of Bellingham
What are State Bank of Bellingham's total assets?
As of the Q2 2026 filing, State Bank of Bellingham reported total assets of $46.4 million in its FFIEC call report.
Where is State Bank of Bellingham headquartered?
It is headquartered in Bellingham, MN, United States.
When was State Bank of Bellingham founded?
It was established in 1942, per the FDIC institution directory.
Is State Bank of Bellingham FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17062). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank of Bellingham?
State Bank of Bellingham's primary federal regulator is the FDIC.
What is State Bank of Bellingham's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 24.33% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does State Bank of Bellingham 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 State Bank of Bellingham's Texas Ratio?
Its Texas Ratio is 9.86% 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 State Bank of Bellingham.
Get an email when State Bank of Bellingham files its next call report, and benchmark it against any peer you choose.
Unlock State Bank of Bellingham, freeFree account