Wadena State Bank
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Data as of · sourced from FFIEC call reports. How we update
Wadena State Bank is an FDIC-insured commercial bank headquartered in Wadena, MN, established in 1917 (FDIC certificate 13430), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $206.6M, up 1.1% from Q2 2025, the 115th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.84% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 13430
- Headquarters
- Wadena, MN
- Established
- 1917
- Total assets, Q2 2026
- $206.6M
- Assets vs Q2 2025
- +1.1%
- Tier 1 leverage ratio, Q2 2026
- 9.84%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091213835
- Latest call report
- Q2 2026, FFIEC 051 · Wadena State Bank call report
- Holding company
- WADENA BANKSHARES, INC.
- Asset rank in state
- 115th of 221 in Minnesota
Wadena State Bank is one of the more profitable banks of its size. The Wadena, Minnesota bank had $207 million in assets at June 30, 2026, up 1.1% from a year earlier. It returns 25.1% a year on shareholders' equity, about double the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 2.2% over the year, lower than about three-quarters of banks its size (median 5.5%). Much of that comes from cost control: it spends about 50 cents to bring in each dollar of revenue.
Earnings jumped: net income for the quarter was $1.1 million, 31% 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 0.03% of loans from 0.47%.
As of June 30, 2026, Wadena State Bank reported a return on assets of 2.12%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.77%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Wadena State Bank is the 115th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.1% to $206.6M, loans fell 3.6% and deposits rose 1.1%. 1-4 family residential loans made up 33.8% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 19.2%. Its 4 offices in the FDIC Summary of Deposits are in Wadena, MN, Deer Creek, MN and Bluffton, MN; its Wadena 2 offices book 91% of its branch deposits. Judged on its Q2 2026 call report, Wadena State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 304 1st St Se, Wadena, MN 56482
- County
- Wadena
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1917
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 31
- Domestic deposits
- $187.9M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- -$20K
- Average total assets
- $205.1M
- Average total loans
- $135.7M
- Average interest-bearing deposits
- $149.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 3, 1934
- FDIC Cert
- 13430
- Fed RSSD
- 210256
- Website
- www.wadenastatebank.com →
- Parent Holding Company
- WADENA BANKSHARES, INC. (RSSD 1123719)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Wadena State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Wadena State Bank's total assets ranged from $199.9M (Q2 2024) to $208.5M (Q3 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
$206.6M total assets against $204.5M; $188.7M total liabilities against $188.5M.
$130.3M net loans and leases against $133.3M; $187.9M total deposits against $182.3M.
$54.3M securities against $55.6M; $15.0M cash and balances due against $8.6M.
$2.9M total interest income against $2.8M; $706K total interest expense against $763K.
$2.2M net interest income against $2.1M.
$162K total noninterest income against $168K; $1.2M total noninterest expense against $1.3M.
$0 provision for credit losses against $0.
$1.1M net income against $831K.
2.12% return on assets against 1.65%; 4.33% net interest margin against 4.14%.
9.84% tier 1 leverage ratio against 9.55%.
Inside the full Wadena State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWadena State Bank rankings
Its closest position to the top of a national ranking is 374 of 3,611, for ROA; its furthest is 2,815 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.45% (Q1 2025) to 2.20% (Q4 2025) and its net interest margin ran from 4.11% (Q1 2025) to 4.41% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.84% | 2.12% | 0.04% | 0.77% | 4.33% |
| Q1 2026 | 9.48% | 1.60% | 0.39% | 2.95% | 4.26% |
| Q4 2025 | 10.18% | 2.20% | 0.10% | 0.69% | 4.41% |
| Q3 2025 | 9.76% | 1.67% | 0.23% | 1.22% | 4.29% |
| Q2 2025 | 9.55% | 1.65% | 0.47% | 3.94% | 4.14% |
| Q1 2025 | 9.50% | 1.45% | 0.05% | 0.44% | 4.11% |
| Q4 2024 | 10.11% | 1.52% | 0.39% | 2.27% | 4.29% |
| Q3 2024 | 9.90% | 1.93% | 0.00% | 1.39% | 4.34% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Wadena State Bank (main office) | Wadena , MN | 56482 | $170.7M |
| Deer Creek Branch | Deer Creek , MN | 56527 | $10.5M |
| Bluffton Branch | Bluffton , MN | 56518 | $6.7M |
| Wadena State Express Bank Branch | Wadena , MN | 56482 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 13, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 13, 2017 | Structure Change | Acquired The First National Bank in Wadena Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 16, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 16, 2002 | Structure Change | Acquired Security State Bank of Deer Creek Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 142 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $2.5M approved, $2.5M 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 Wadena State Bank
What are Wadena State Bank's total assets?
As of the Q2 2026 filing, Wadena State Bank reported total assets of $206.6 million in its FFIEC call report.
Where is Wadena State Bank headquartered?
It is headquartered in Wadena, MN, United States.
When was Wadena State Bank founded?
It was established in 1917, per the FDIC institution directory.
Is Wadena State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13430). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Wadena State Bank?
Wadena State Bank's primary federal regulator is the Federal Reserve.
How many branches does Wadena State Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Wadena State Bank's Texas Ratio?
Its Texas Ratio is 0.77% 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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