Western National Bank (Duluth, MN)
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Data as of · sourced from FFIEC call reports. How we update
Western National Bank is an FDIC-insured commercial bank headquartered in Duluth, MN, established in 1904 (FDIC certificate 5131), and it is supervised by the OCC. At Q2 2026 it reported total assets of $135.8M, up 8.7% from Q2 2025, the 144th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.27% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 5131
- Headquarters
- Duluth, MN
- Established
- 1904
- Total assets, Q2 2026
- $135.8M
- Assets vs Q2 2025
- +8.7%
- CET1 ratio, Q2 2026
- 12.27%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091900067
- Latest call report
- Q2 2026, FFIEC 051 · Western National Bank call report
- Holding company
- WESTERN BANCORPORATION, INC.
- Asset rank in state
- 144th of 221 in Minnesota
Western National Bank spends more to run itself than most banks of its size. The Duluth, Minnesota bank had $136 million in assets at June 30, 2026, up 8.7% from a year earlier. It earns about $0.43 a year on every $100 of assets, about a third the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 85 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $149,000 was 52% below a year earlier. Over the same year, loans grew 18.2% and deposits grew 5.0%. Where it has less room is capital: it funds 8.52% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
As of June 30, 2026, Western National Bank reported a CET1 capital ratio of 12.27%, a return on assets of 0.43%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 29.60%. The figures come from its call report filed with the FFIEC.
Western National Bank ranks as the 144th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.4% to $135.8M, loans rose 9.4% and deposits rose 0.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 31.2% of total loans, ahead of non-owner-occupied commercial real estate loans at 30.8%. Its 3 offices in the FDIC Summary of Deposits are in Duluth, MN and Hermantown, MN; its Duluth 2 offices book 84% of its branch deposits. By the capital ratios in its Q2 2026 call report, Western National Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 201 N Central Ave, Duluth, MN 55807
- County
- St. Louis
- Metro Area
- Duluth, MN-WI
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- 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 4, 1904
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 35
- Domestic deposits
- $108.8M
- Allowance for credit losses
- $886K
- Net charge-offs (YTD)
- $17K
- Average total assets
- $137.9M
- Average total loans
- $90.6M
- Average interest-bearing deposits
- $90.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5131
- Fed RSSD
- 127055
- Website
- http://www.wbduluth.com →
- Parent Holding Company
- WESTERN BANCORPORATION, INC. (RSSD 3271267)
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
Over the 12 quarters to Q2 2026, Western National Bank's total assets ran between $117.7M (Q1 2025) and $135.8M (Q2 2026), and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$135.8M total assets against $124.9M; $121.4M total liabilities against $110.4M.
$92.8M net loans and leases against $78.6M; $108.8M total deposits against $103.6M.
$16.0M securities against $18.8M; $12.2M cash and balances due against $13.2M.
$1.9M total interest income against $1.6M; $629K total interest expense against $447K.
$1.2M net interest income against $1.2M.
$186K total noninterest income against $295K; $1.2M total noninterest expense against $1.1M.
$60K provision for credit losses against $0.
$149K net income against $308K.
0.43% return on assets against 1.01%; 4.09% net interest margin against 4.39%.
12.27% CET1 capital ratio against 14.55%; 8.52% tier 1 leverage ratio against 9.81%.
Inside the full Western National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Western National Bank rankings
Its closest position to the top of a national ranking is 58 of 3,640, for Texas Ratio; its furthest is 3,377 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.17% (Q1 2026) to 1.01% (Q2 2025) and its net interest margin ran from 3.65% (Q3 2024) to 4.91% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.27% | 0.43% | 0.00% | 29.60% | 4.09% |
| Q1 2026 | 12.63% | -0.17% | 0.23% | 29.78% | 3.90% |
| Q4 2025 | 14.19% | 0.21% | 0.22% | 29.28% | 3.76% |
| Q3 2025 | 13.69% | 0.70% | 0.05% | 28.07% | 4.91% |
| Q2 2025 | 14.55% | 1.01% | 0.05% | 28.32% | 4.39% |
| Q1 2025 | — | 0.47% | 0.00% | 15.73% | 4.02% |
| Q4 2024 | 14.43% | 0.68% | 0.08% | 16.31% | 4.08% |
| Q3 2024 | 14.80% | 0.81% | 0.35% | 17.83% | 3.65% |
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 |
|---|---|---|---|
| Western National Bank (main office) | Duluth , MN | 55807 | $68.0M |
| Downtown Branch | Duluth , MN | 55802 | $23.1M |
| Superone Foods Branch | Hermantown , MN | 55811 | $17.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 185 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $74K approved, $37K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (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 Western National Bank
What are Western National Bank's total assets?
As of the Q2 2026 filing, Western National Bank reported total assets of $135.8 million in its FFIEC call report.
Where is Western National Bank headquartered?
It is headquartered in Duluth, MN, United States.
When was Western National Bank founded?
It was established in 1904, per the FDIC institution directory.
Is Western National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5131). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Western National Bank?
Western National Bank's primary federal regulator is the OCC.
What is Western National Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.27% in its Q2 2026 call report, above regulatory requirements.
How many branches does Western National Bank 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 Western National Bank's Texas Ratio?
Its Texas Ratio is 29.60% 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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