Welcome State Bank
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Data as of · sourced from FFIEC call reports. How we update
Welcome State Bank is an FDIC-insured commercial bank headquartered in Welcome, MN, established in 1913 (FDIC certificate 11417), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $44.3M, up 3.4% from Q2 2025, the 210th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.81% 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
- 11417
- Headquarters
- Welcome, MN
- Established
- 1913
- Total assets, Q2 2026
- $44.3M
- Assets vs Q2 2025
- +3.4%
- Tier 1 leverage ratio, Q2 2026
- 12.81%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091210993
- Holding company
- WELCOME BANCSHARES, INC.
- Asset rank in state
- 210th of 221 in Minnesota
Welcome State Bank is one of the more profitable banks of its size. Its balance sheet stood at $44 million at June 30, 2026, up 3.4% from a year earlier; it is based in Welcome, Minnesota. It earns about $2.90 a year on every $100 of assets, about triple the median of $1.06 for the 583 banks with less than $100 million in assets. It also spends about 40 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 69 cents).
Its $5.0 million non-owner-occupied commercial real estate book is now fully current, after 3.50% of it was past due or on nonaccrual a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 0.9 times its capital, about triple the median of 26% for banks its size.
As of June 30, 2026, Welcome State Bank reported a return on assets of 2.90%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Welcome State Bank is the 210th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.3% to $44.3M, loans rose 2.2% and deposits fell 1.4%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 32.4% of total loans, ahead of 1-4 family residential loans at 20.0%. The FDIC Summary of Deposits lists a single office for it, in Welcome, MN. On its Q2 2026 call report, Welcome State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 111 Guide St N, Welcome, MN 56181
- County
- Martin
- Metro Area
- Fairmont, MN
- 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, 1913
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $38.1M
- Allowance for credit losses
- $474K
- Net charge-offs (YTD)
- -$7K
- Average total assets
- $44.8M
- Average total loans
- $30.2M
- Average interest-bearing deposits
- $26.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11417
- Fed RSSD
- 215653
- Website
- www.welcomestatebank.com →
- Parent Holding Company
- WELCOME BANCSHARES, INC. (RSSD 1126073)
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, Welcome State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Welcome State Bank's total assets ran between $39.5M (Q2 2024) and $44.4M (Q1 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
$44.3M total assets against $42.8M; $38.5M total liabilities against $37.7M.
$30.0M net loans and leases against $29.6M; $38.1M total deposits against $36.5M.
$4.5M securities against $4.7M; $8.9M cash and balances due against $7.6M.
$651K total interest income against $641K; $154K total interest expense against $139K.
$497K net interest income against $502K.
$113K total noninterest income against $65K; $242K total noninterest expense against $236K.
No provision recorded in the last 12 quarters.
$325K net income against $311K.
2.90% return on assets against 2.92%; 4.61% net interest margin against 4.92%.
12.81% tier 1 leverage ratio against 12.03%.
Inside the full Welcome State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.43% (Q4 2024) to 2.97% (Q1 2026) and its net interest margin ran from 4.60% (Q1 2025) to 4.92% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.81% | 2.90% | 0.00% | 0.00% | 4.61% |
| Q1 2026 | 12.79% | 2.97% | 0.00% | 0.00% | 4.60% |
| Q4 2025 | 12.15% | 1.37% | 0.00% | 0.00% | 4.84% |
| Q3 2025 | 12.31% | 2.44% | 0.00% | 0.00% | 4.77% |
| Q2 2025 | 12.03% | 2.92% | 0.03% | 0.18% | 4.92% |
| Q1 2025 | 11.78% | 2.48% | 0.03% | 0.18% | 4.60% |
| Q4 2024 | 11.64% | 0.43% | 0.01% | 0.04% | 4.73% |
| Q3 2024 | 12.05% | 2.71% | 0.49% | 2.46% | 4.70% |
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 |
|---|---|---|---|
| Welcome State Bank (main office) | Welcome , MN | 56181 | $38.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 256 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $100K approved, $100K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 Welcome State Bank
What are Welcome State Bank's total assets?
As of the Q2 2026 filing, Welcome State Bank reported total assets of $44.3 million in its FFIEC call report.
Where is Welcome State Bank headquartered?
It is headquartered in Welcome, MN, United States.
When was Welcome State Bank founded?
It was established in 1913, per the FDIC institution directory.
Is Welcome State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11417). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Welcome State Bank?
Welcome State Bank's primary federal regulator is the Federal Reserve.
How many branches does Welcome State Bank 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 Welcome State Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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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