The State Bank of Faribault
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Data as of · sourced from FFIEC call reports. How we update
The State Bank of Faribault is an FDIC-insured commercial bank headquartered in Faribault, MN, established in 1919 (FDIC certificate 1610), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $329.2M, up 5.1% from Q2 2025, the 82nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.85% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1610
- Headquarters
- Faribault, MN
- Established
- 1919
- Total assets, Q2 2026
- $329.2M
- Assets vs Q2 2025
- +5.1%
- CET1 ratio, Q2 2026
- 12.85%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091900559
- Latest call report
- Q2 2026, FFIEC 051 · The State Bank of Faribault Q3 2026 call report, filed October 26, 2026 (preliminary)
- Holding company
- FARIBAULT BANCSHARES, INC.
- Asset rank in state
- 82nd of 221 in Minnesota
The State Bank of Faribault operates with a thinner capital cushion than most banks of its size. The Faribault, Minnesota bank had $329 million in assets at June 30, 2026, up 5.1% from a year earlier. It funds 9.31% of its assets with Tier 1 capital, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also carries problem assets equal to 10.1% of the capital and reserves that would absorb them, 3.8 times the median of 2.6% for banks its size.
Earnings jumped: net income for the quarter was $912,000, 55% above the same quarter a year earlier. 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 0.13% of loans from 0.68%. One more trend to watch: the commercial and industrial book ($29 million) is worsening: 2.71% of it is past due or on nonaccrual, up from 0.67% a year earlier.
As of June 30, 2026, The State Bank of Faribault reported a CET1 capital ratio of 12.85%, a return on assets of 1.13%, a nonperforming-loan ratio of 0.13% and a Texas ratio of 10.08%. The figures come from its call report filed with the FFIEC.
The State Bank of Faribault ranks as the 82nd largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.9% to $329.2M, loans fell 1.0% and deposits rose 1.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 36.1% of total loans, ahead of owner-occupied commercial real estate loans at 17.2%. The FDIC Summary of Deposits lists 3 offices for it, in Faribault, MN and Prior Lake, MN; its Faribault 2 offices book 94% of its branch deposits. Judged on its Q2 2026 call report, The State Bank of Faribault meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 428 Central Ave N, Faribault, MN 55021
- County
- Rice
- Metro Area
- Faribault-Northfield, 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
- November 14, 1919
- Former names
- The State Bank of Faribault (1939)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 45
- Domestic deposits
- $301.4M
- Allowance for credit losses
- $3.5M
- Net charge-offs (YTD)
- -$51K
- Average total assets
- $324.0M
- Average total loans
- $182.0M
- Average interest-bearing deposits
- $217.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1610
- Fed RSSD
- 46053
- Website
- www.tsbf.com →
- Parent Holding Company
- FARIBAULT BANCSHARES, INC. (RSSD 1126158)
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
The State Bank of Faribault's total assets moved between a low of $287.3M (Q3 2023) and a high of $329.2M (Q2 2026) from Q3 2023 to Q2 2026, 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
$329.2M total assets against $313.3M; $305.3M total liabilities against $294.4M.
$175.9M net loans and leases against $174.5M; $301.4M total deposits against $290.4M.
$108.8M securities against $109.5M; $22.1M cash and balances due against $10.3M.
$4.2M total interest income against $3.9M; $1.0M total interest expense against $1.2M.
$3.1M net interest income against $2.7M.
$685K total noninterest income against $564K; $2.7M total noninterest expense against $2.5M.
$90K provision for credit losses against $1K.
$912K net income against $590K.
1.13% return on assets against 0.76%; 4.04% net interest margin against 3.55%.
12.85% CET1 capital ratio against 11.83%; 9.31% tier 1 leverage ratio against 8.94%.
Inside the full The State Bank of Faribault terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe State Bank of Faribault rankings
Its closest position to the top of a national ranking is 638 of 3,640, for Texas Ratio; its furthest is 2,794 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.36% (Q4 2025) to 1.16% (Q1 2026) and its net interest margin ran from 3.23% (Q3 2024) to 4.04% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.85% | 1.13% | 0.13% | 10.08% | 4.04% |
| Q1 2026 | 13.22% | 1.16% | 0.82% | 5.71% | 3.93% |
| Q4 2025 | 12.46% | 0.36% | 0.75% | 4.27% | 3.81% |
| Q3 2025 | 12.56% | 1.06% | 0.62% | 4.53% | 3.67% |
| Q2 2025 | 11.83% | 0.76% | 0.68% | 5.39% | 3.55% |
| Q1 2025 | 12.21% | 0.72% | 0.02% | 0.14% | 3.46% |
| Q4 2024 | 12.75% | 0.82% | 0.05% | 0.43% | 3.23% |
| Q3 2024 | 12.14% | 0.78% | 0.00% | 0.00% | 3.23% |
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 |
|---|---|---|---|
| The State Bank of Faribault | Faribault , MN | 55021 | $274.9M |
| Prior Lake Branch | Prior Lake , MN | 55372 | $19.5M |
| Faribault Branch | Faribault , MN | 55021 | $7.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 101 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $125K approved, $125K 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, 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 The State Bank of Faribault
What are The State Bank of Faribault's total assets?
As of the Q2 2026 filing, The State Bank of Faribault reported total assets of $329.2 million in its FFIEC call report.
Where is The State Bank of Faribault headquartered?
It is headquartered in Faribault, MN, United States.
When was The State Bank of Faribault founded?
It was established in 1919, per the FDIC institution directory.
Is The State Bank of Faribault FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1610). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The State Bank of Faribault?
The State Bank of Faribault's primary federal regulator is the FDIC.
What is The State Bank of Faribault's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.85% in its Q2 2026 call report, above regulatory requirements.
How many branches does The State Bank of Faribault 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 The State Bank of Faribault's Texas Ratio?
Its Texas Ratio is 10.08% 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 The State Bank of Faribault previously called?
The charter now named The State Bank of Faribault has also operated as The State Bank of Faribault (1939), per FDIC structure-change records.
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