North Shore Bank of Commerce: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
North Shore Bank of Commerce is the primary bank subsidiary of its parent holding company, headquartered in Duluth, MN. As of Q2 2026, the bank held approximately $599M in total assets and $517M in deposits. Profitability is strong, 1.78% ROA, paired with 21.15% ROE and a 4.51% net interest margin. Asset quality is pristine, 0.14% NPLs and a 1.88% Texas Ratio. It operates 7 branches, primarily in Minnesota.
As of June 30, 2026, North Shore Bank of Commerce reported a Tier 1 leverage ratio of 8.74%, a return on assets of 1.78%, a nonperforming-loan ratio of 0.14%, a Texas ratio of 1.88%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 131 W Superior St, Duluth, MN 55802
- County
- St. Louis
- Metro Area
- Duluth, MN-WI
- 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
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- September 14, 1915
- Former names
- Northwestern Bank of Commerce (1950-1983); Bank of Commerce & Savings (1946-1950)
- Offices
- 7 domestic
- Employees (FTE)
- 129
- Domestic deposits
- $516.5M
- Allowance for credit losses
- $3.0M
- Net charge-offs (YTD)
- $0
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8850
- Fed RSSD
- 126553
- SEC CIK
- 1821947 → filed by NORTH SHORE FINANCIAL CORPORATION
- Website
- www.northshore.bank →
- Parent Holding Company
- NORTH SHORE FINANCIAL CORPORATION (RSSD 1136540)
Profitability
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. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
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 North Shore Bank of Commerce terminal
25 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock North Shore Bank of Commerce, 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.
North Shore Bank of Commerce rankings
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. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 8.74% | 1.78% | 0.14% | 1.88% | 4.51% |
| Q1 2026 | 8.89% | 1.35% | 0.18% | 2.25% | 4.19% |
| Q4 2025 | 9.14% | 2.00% | 0.10% | 1.79% | 4.39% |
| Q3 2025 | 8.89% | 1.58% | 0.08% | 1.78% | 4.31% |
| Q2 2025 | 8.93% | 1.55% | 0.20% | 2.25% | 4.18% |
| Q1 2025 | 9.51% | 1.07% | 0.17% | 1.85% | 3.97% |
| Q4 2024 | 9.46% | 5.29% | 0.17% | 1.97% | 4.16% |
| Q3 2024 | 8.54% | 1.45% | 0.16% | 2.08% | 4.19% |
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 7 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| North Shore Bank of Commerce (main office) | Duluth , MN | 55802 | $283.9M |
| Hermantown Branch | Hermantown , MN | 55811 | $113.2M |
| Lakeside Branch | Duluth , MN | 55804 | $78.1M |
| Woodland Branch | Duluth , MN | 55803 | $41.3M |
| Northshore.Bank Branch | Duluth , MN | 55802 | $0 |
| Auto Bank Branch | Duluth , MN | 55810 | $0 |
| Lakeshore Branch | Duluth , MN | 55802 | $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 |
|---|---|---|---|
| December 30, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 30, 1990 | Structure Change | Acquired Airport State Bank of Duluth Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 31, 1983 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 1983 | Structure Change | Acquired North Shore State Bank 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
What the public regulatory sources show for North Shore Bank of Commerce, 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 (Federal Reserve)
- July 18, 2024, Federal Reserve: Civil Money Penalty: North Shore Bank of Commerce, Duluth, Minnesota
- Period: Most recent institution action July 18, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in MN, rank 56 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 671 applications, 556 loans originated, $165.4M originated, across 5 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 North Shore Bank of Commerce
What are North Shore Bank of Commerce's total assets?
As of the Q2 2026 filing, North Shore Bank of Commerce reported total assets of $598.5 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is North Shore Bank of Commerce headquartered?
North Shore Bank of Commerce is headquartered in Duluth, MN, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was North Shore Bank of Commerce founded?
North Shore Bank of Commerce was established in 1915, per the FDIC institution directory.
Is North Shore Bank of Commerce FDIC-insured?
Yes. North Shore Bank of Commerce is an FDIC-insured commercial bank (FDIC Certificate #8850). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates North Shore Bank of Commerce?
North Shore Bank of Commerce's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does North Shore Bank of Commerce operate?
North Shore Bank of Commerce operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is North Shore Bank of Commerce's Texas Ratio?
North Shore Bank of Commerce's Texas Ratio is 1.88% 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.
What was North Shore Bank of Commerce previously called?
The charter now named North Shore Bank of Commerce has also operated as Northwestern Bank of Commerce (1950-1983), Bank of Commerce & Savings (1946-1950), per FDIC structure-change records.
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