The Wanda State Bank
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Data as of · sourced from FFIEC call reports. How we update
The Wanda State Bank is an FDIC-insured commercial bank headquartered in Wanda, MN, established in 1932 (FDIC certificate 1908), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $229.8M, up 4.0% from Q2 2025, the 107th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.12% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1908
- Headquarters
- Wanda, MN
- Established
- 1932
- Total assets, Q2 2026
- $229.8M
- Assets vs Q2 2025
- +4.0%
- Tier 1 leverage ratio, Q2 2026
- 12.12%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091209797
- Asset rank in state
- 107th of 221 in Minnesota
Problem loans are rising at The Wanda State Bank. It reported $230 million in assets at June 30, 2026, up 4.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.12% of loans from 0.09% a year earlier. It holds commercial real estate loans equal to only 6% of its capital, a small fraction of the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it keeps 3.24 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Earnings jumped: net income for the quarter was $513,000, 60% above the same quarter a year earlier. Unrealized losses on its securities total $4.9 million, equal to 17% of Tier 1 capital, against 22% a year earlier. Profitability lags: it returns 7.6% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.5%).
As of June 30, 2026, The Wanda State Bank reported a return on assets of 0.87%, a nonperforming-loan ratio of 1.12% and a Texas ratio of 5.71%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, The Wanda State Bank is the 107th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.7% to $229.8M, loans rose 0.3% and deposits fell 3.4%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 39.5% of total loans, followed by agricultural production loans at 38.7%. Its 2 offices in the FDIC Summary of Deposits are in Wanda, MN and Franklin, MN; its Wanda office books 82% of its branch deposits. On its Q2 2026 call report, The Wanda State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 121 W Main St, Wanda, MN 56294
- County
- Redwood
- 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
- June 1, 1932
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 19
- Domestic deposits
- $201.3M
- Allowance for credit losses
- $2.4M
- Net charge-offs (YTD)
- $0
- Average total assets
- $236.5M
- Average total loans
- $139.1M
- Average interest-bearing deposits
- $149.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1908
- Fed RSSD
- 190956
- Website
- www.wandastatebank.com →
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, The Wanda 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, The Wanda State Bank's total assets ranged from $178.5M (Q2 2024) to $236.2M (Q1 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
$229.8M total assets against $220.9M; $202.5M total liabilities against $195.6M.
$136.3M net loans and leases against $131.5M; $201.3M total deposits against $194.3M.
$50.9M securities against $50.4M; $23.5M cash and balances due against $19.0M.
$2.7M total interest income against $2.5M; $934K total interest expense against $864K.
$1.8M net interest income against $1.7M.
$104K total noninterest income against $82K; $1.2M total noninterest expense against $1.2M.
$0 provision for credit losses against $175K.
$513K net income against $320K.
0.87% return on assets against 0.60%; 3.24% net interest margin against 3.36%.
12.12% tier 1 leverage ratio against 12.44%.
Inside the full The Wanda State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Wanda State Bank rankings
Its closest position to the top of a national ranking is 1,128 of 3,606, for efficiency ratio; its furthest is 2,777 of 3,611, for ROA.
Banks merged into The Wanda State Bank
- Franklin State Bank, effective April 26, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.31% (Q3 2024) to 1.09% (Q4 2024) and its net interest margin ran from 2.54% (Q3 2024) to 3.47% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.12% | 0.87% | 1.12% | 5.71% | 3.24% |
| Q1 2026 | 11.65% | 0.79% | 0.58% | 3.03% | 3.17% |
| Q4 2025 | 11.70% | 0.38% | 0.44% | 2.34% | 3.24% |
| Q3 2025 | 11.90% | 0.94% | 0.77% | 4.01% | 3.47% |
| Q2 2025 | 12.44% | 0.60% | 0.09% | 0.49% | 3.36% |
| Q1 2025 | 15.13% | 0.45% | 0.25% | 1.04% | 2.77% |
| Q4 2024 | 15.41% | 1.09% | 0.86% | 3.64% | 2.64% |
| Q3 2024 | 15.52% | 0.31% | 1.26% | 5.08% | 2.54% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 Wanda State Bank | Wanda , MN | 56294 | $164.6M |
| Franklin State Bank Branch | Franklin , MN | 55333 | $36.6M |
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 |
|---|---|---|---|
| April 26, 2025 | Structure Change | Acquired Franklin State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 25, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 136 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 4 loans, $148K approved, $37K average. 25.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1995 (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 Wanda State Bank
What are The Wanda State Bank's total assets?
As of the Q2 2026 filing, The Wanda State Bank reported total assets of $229.8 million in its FFIEC call report.
Where is The Wanda State Bank headquartered?
It is headquartered in Wanda, MN, United States.
When was The Wanda State Bank founded?
It was established in 1932, per the FDIC institution directory.
Is The Wanda State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1908). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Wanda State Bank?
The Wanda State Bank's primary federal regulator is the FDIC.
How many branches does The Wanda State Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Wanda State Bank's Texas Ratio?
Its Texas Ratio is 5.71% 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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