The First National Bank of Milaca: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
The First National Bank of Milaca is a locally rooted FDIC-insured community bank based in Milaca, MN, in the Upper Midwest banking corridor. On its most recent Q2 2026 call report, The First National Bank of Milaca reported $293M in total assets against $260M in deposits. Profitability is strong, 2.01% ROA, paired with 19.79% ROE and a 4.62% net interest margin. Capital is comfortably above regulatory requirements, CET1 ratio of 17.35% sits well above the 7% level required once the capital conservation buffer is included. Credit metrics are pristine, with nonperforming loans at just 0.45%. It operates 4 branches, primarily in Minnesota.
As of June 30, 2026, The First National Bank of Milaca reported a CET1 capital ratio of 17.35%, a return on assets of 2.01%, a nonperforming-loan ratio of 0.45%, a Texas ratio of 2.83%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 190 2nd Ave Sw, Milaca, MN 56353
- County
- Mille Lacs
- Metro Area
- Minneapolis-St. Paul-Bloomington, 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 24, 1897
- Offices
- 4 domestic
- Employees (FTE)
- 51
- Domestic deposits
- $259.8M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $290.0M
- Average total loans
- $193.0M
- Average interest-bearing deposits
- $177.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5198
- Fed RSSD
- 924357
- Website
- www.fnbmilaca.com →
- Parent Holding Company
- RUM RIVER BANCORPORATION, INC. (RSSD 3342411)
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full The First National Bank of Milaca terminal
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How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.35% | 2.01% | 0.45% | 2.83% | 4.62% |
| Q1 2026 | 17.66% | 1.88% | 0.48% | 4.34% | 4.41% |
| Q4 2025 | 18.04% | 1.48% | 0.52% | 4.28% | 4.39% |
| Q3 2025 | 17.61% | 1.77% | 0.97% | 7.20% | 4.24% |
| Q2 2025 | 16.81% | 1.76% | 0.68% | 6.57% | 4.06% |
| Q1 2025 | 16.56% | 1.48% | 1.00% | 8.46% | 3.83% |
| Q4 2024 | 16.32% | 0.00% | 1.02% | 8.97% | 3.69% |
| Q3 2024 | 15.83% | -0.65% | 3.92% | 28.99% | 3.54% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 4 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The First National Bank of Milaca | Milaca , MN | 56353 | $155.2M |
| Isle Branch | Isle , MN | 56342 | $65.1M |
| Gilman Office | Gilman , MN | 56333 | $25.6M |
| The First National Bank of Milaca, Zimmerman Branch | Zimmerman , MN | 55398 | $13.9M |
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 |
|---|---|---|---|
| January 25, 1992 | Structure Change | Acquired Rural American Bank - Isle Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 24, 1992 | 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
What the public regulatory sources show for The First National Bank of Milaca, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (OCC)
- November 2, 2010, OCC: Formal Agreement: The First National Bank of Milaca
- Period: Most recent institution action November 2, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 119 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 98 applications, 73 loans originated, $11.5M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about The First National Bank of Milaca
What are The First National Bank of Milaca's total assets?
As of the Q2 2026 filing, The First National Bank of Milaca reported total assets of $293.2 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is The First National Bank of Milaca headquartered?
The First National Bank of Milaca is headquartered in Milaca, MN, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was The First National Bank of Milaca founded?
The First National Bank of Milaca was established in 1897, per the FDIC institution directory.
Is The First National Bank of Milaca FDIC-insured?
Yes. The First National Bank of Milaca is an FDIC-insured commercial bank (FDIC Certificate #5198). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The First National Bank of Milaca?
The First National Bank of Milaca's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is The First National Bank of Milaca's CET1 capital ratio?
The First National Bank of Milaca reported a Common Equity Tier 1 (CET1) capital ratio of 17.35% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The First National Bank of Milaca operate?
The First National Bank of Milaca 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 The First National Bank of Milaca's Texas Ratio?
The First National Bank of Milaca's Texas Ratio is 2.83% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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