FDIC certificate 5142
The First National Bank of Fairfax
Fairfax, Minnesota · 16 1st St Se 55332
Hunter Score
This bank ranks below the middle of its size group.
Down 5 points from last quarter.
Compared with 534 banks with under $100 million in assets.
A high score is not a recommendation to buy or sell.
What stands out
The First National Bank of Fairfax has a Hunter Score of 38 out of 100 for Q2 2026, ending June 30, 2026. This bank ranks below the middle of its size group. The comparison is with banks with under $100 million in assets.
The FDIC reported efficiency ratio of 66.95% (field EEFFR). Among banks with under $100 million in assets, the peer rank for this measure is 59 out of 100. A rank of 50 is typical.
The FDIC reported noncurrent loans of 8.68% (field NCLNLSR). Among banks with under $100 million in assets, the peer rank for this measure is 2 out of 100. A rank of 50 is typical.
Warning flags
These are factual readings from FDIC fields. A flag is a reason to read the number, not a finding that the bank is unsafe.
- Noncurrent loans are at least 3% of loansNoncurrent loans were 8.68% of loans (FDIC field NCLNLSR). Among banks that reported this ratio, the middle reading is 0.46%. We flag this at 3% of loans. That is not a legal limit.
Held-to-maturity unrealized losses are not flagged. The FDIC file does not publish a held-to-maturity cost that we can subtract from fair value without guessing.
Similar banks
Other banks in Minnesota with under $100 million in assets, ordered by Hunter Score.
- Welcome State Bank91out of 100
- State Bank of Jeffers87out of 100
- Farmers and Merchants State Bank of Appleton81out of 100
- St. Martin National Bank80out of 100
- First Security Bank - Canby78out of 100
Top Hunter Scores in Minnesota · Top scores with under $100 million in assets
The five measures
Numbers below are for Q2 2026, ending June 30, 2026. They are copied from the FDIC. We do not recalculate them.
Return on equity (ROE)
2.90%
Profit for each dollar of the bank's capital. Higher is stronger.
Peer rank 24 out of 100. Weaker than most similar-sized banks.
More about this number
The FDIC reports this as ROE. A common benchmark is above 10%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Return on assets (ROA)
1.10%
Profit for each dollar of assets. Higher is stronger.
Peer rank 57 out of 100. Near the middle of similar-sized banks.
More about this number
The FDIC reports this as ROA. A common benchmark is above 1%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Net interest margin (NIM)
3.84%
The gap between what the bank earns on loans and securities and what it pays for funding. Higher means a wider gap.
Peer rank 48 out of 100. Near the middle of similar-sized banks.
More about this number
The FDIC reports this as NIMY. A common benchmark is above 3%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Efficiency ratio
66.95%
What the bank spends to produce a dollar of revenue. Lower is leaner.
Peer rank 59 out of 100. Near the middle of similar-sized banks.
More about this number
The FDIC reports this as EEFFR. A common benchmark is below 60%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Noncurrent loans
8.68%
Loans that are past due or no longer accruing interest, as a share of all loans. Lower is safer.
Peer rank 2 out of 100. Weaker than most similar-sized banks.
More about this number
The FDIC reports this as NCLNLSR. A common benchmark is below 1%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Recent quarters
- Q2 2026, ending June 30, 202638 out of 100
- Q1 2026, ending March 31, 202643 out of 100
- Q4 2025, ending December 31, 202545 out of 100
- Q3 2025, ending September 30, 202548 out of 100
- Q2 2025, ending June 30, 202548 out of 100
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About this bank
- Total assets
- $35.6 million
- Deposits
- $21.9 million
- Equity
- $13.6 million
- Tangible equity
- $13.6 millionBank-level FDIC equity minus goodwill and other intangible assets (FDIC fields EQ and INTANGW). This is not the holding company's tangible book, and it is not per share.
- Offices
- 1
- Charter
- National bank
- Specialty
- Agricultural Specialization
- Community bank
- Yes, by the FDIC definition
- Net income
- $196,000Year-to-date, as reported. Not annualized.
Holding company and stock symbol
Holding company: Fort Ridgely Natl Bcorp Inc, Fairfax, MN. Federal Reserve RSSD 2131373.
We do not have a verified stock symbol for this bank. Many community banks are not publicly traded. A symbol is shown only after it matches an SEC filing, or after it is added to the reviewed list.
What is this bank worth per share?
Where it is
16 1st St Se, Fairfax, MN 55332
Showing the main office reported to the FDIC. Use the plus and minus buttons on the map to zoom. Map data is from OpenStreetMap.