Institution Profile
Address: 640 W Bridge St Owatonna, MN 55060
Website:
FDIC Profile:
Established:
1/13/2003
Branches:
1
Branches by Region
MN 1
Financial Overview
Total Assets
$98.37M
Total Deposits
$90.35M
Total Loans
$72.02M
Equity Capital
$6.83M
Employees
10
Allowance for Loan Losses
$669,000
Performance Ratios
Net Worth Ratio
6.95%
Loan-to-Deposit Ratio
79.71%
Coverage Ratio
0.93% Allowance / Total Loans
Net Income
$601,000
Return on Assets (ROA)
0.63%
Return on Equity (ROE)
9.93%
Assets, Loans & Deposits Over Time
Assets, Loans & Deposits Over Time
Total Assets: +55.09% Total Deposits: +58.79% Total Loans: +68.92% since 2020 Q1
Employee Growth
Employee Growth
Employees: -9.09% since 2020 Q1
Loan Portfolio Breakdown
Current outstanding balances by loan type
1-4 Family Residential
$34.53M 48.0%
Commercial Real Estate
$11.71M 16.3%
Commercial & Industrial
$10.87M 15.1%
Multifamily
$6.65M 9.2%
Agricultural
$2.85M 4.0%
Construction
$2.56M 3.6%
Farmland
$1.63M 2.3%
Other Consumer
$789,000 1.1%
Auto Loans
$415,000 0.6%
Portfolio Distribution
SBA 7(a) Loan Originations
Quarterly SBA origination activity and guaranteed exposure
SBA 7(a) Originations vs Cancellations per Quarter
SBA 7(a) Approved vs Guaranteed vs Cancelled Dollars
Net Income Trend
Net Income Trend
Net Income: +532.63% since 2020 Q1
Historical Data Table
| Quarter | Total Assets | Total Deposits | Total Loans | Net Income | Employees |
|---|---|---|---|---|---|
| 2025 Q4 | $98.37M | $90.35M | $72.02M | $601,000 | 10 |
| 2025 Q3 | $95.44M | $87.57M | $66.56M | $394,000 | 11 |
| 2025 Q2 | $94.03M | $86.37M | $65.20M | $188,000 | 12 |
| 2025 Q1 | $94.75M | $87.23M | $65.99M | $76,000 | 10 |
| 2024 Q4 | $93.09M | $86.33M | $63.65M | $27,000 | 10 |
| 2024 Q3 | $93.05M | $85.80M | $63.50M | $86,000 | 10 |
| 2024 Q2 | $89.51M | $82.28M | $62.12M | $71,000 | 11 |
| 2024 Q1 | $92.46M | $85.80M | $61.39M | $46,000 | 11 |
| 2023 Q4 | $92.38M | $85.68M | $63.43M | $353,000 | 10 |
| 2023 Q3 | $90.64M | $84.54M | $58.52M | $271,000 | 10 |
| 2023 Q2 | $88.33M | $82.16M | $58.18M | $184,000 | 10 |
| 2023 Q1 | $89.57M | $83.76M | $55.15M | $81,000 | 11 |
| 2022 Q4 | $85.34M | $79.69M | $57.09M | $425,000 | 11 |
| 2022 Q3 | $81.43M | $75.95M | $54.69M | $305,000 | 10 |
| 2022 Q2 | $80.49M | $74.47M | $52.72M | $193,000 | 10 |
| 2022 Q1 | $78.75M | $72.25M | $49.62M | $74,000 | 10 |
| 2021 Q4 | $77.08M | $69.42M | $47.49M | $589,000 | 11 |
| 2021 Q3 | $77.28M | $69.29M | $43.78M | $375,000 | 11 |
| 2021 Q2 | $76.39M | $69.22M | $43.96M | $300,000 | 11 |
| 2021 Q1 | $74.76M | $67.86M | $45.17M | $133,000 | 11 |
| 2020 Q4 | $71.07M | $64.10M | $46.51M | $380,000 | 10 |
| 2020 Q3 | $70.68M | $63.77M | $45.93M | $280,000 | 11 |
| 2020 Q2 | $69.99M | $63.23M | $46.37M | $225,000 | 11 |
| 2020 Q1 | $63.43M | $56.90M | $42.63M | $95,000 | 11 |