Northern State Bank of Thief River Falls
Thief River Falls, MN
IDRSSD: 188056
Total Assets
$494.31M
Latest filing
Total Deposits
$444.83M
Latest filing
Net Interest Margin
2.63%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Northern State Bank of Thief River Falls
201 3rd St E
Thief River Falls, MN 56701
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/24/1935FDIC Certificate 9630
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Northern State Bank of Thief River Falls (Main) | 201 3rd St E | Thief River Falls, MN |
| HUGO'S SUPERMARKET BRANCH | First Street & Pennington Avenue | Thief River Falls, MN |
| FIRST FEDERAL BRANCH | 214 3rd St E | Thief River Falls, MN |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 08/24/1935 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56701 |
| State and County Number | 27113 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 51 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 10/02/1935 |
| Primary Insurance Agency | DIF |
| Website | www.nsbtrf.com |
| Data Updated | 01/30/2026 |
| CERT | 15286 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $494.31M |
| Total Deposits | $444.83M |
| Total Liabilities | $446.25M |
| Total Equity Capital | $48.06M |
| Net Income | $1.30M |
| Net Loans and Leases | $196.38M |
| Assets Per Employee ($Millions) | $10.09M |
| Bank Premises and Fixed Assets | $4.25M |
| Cash and Balances due from Depository Institutions | $136.78M |
| Deposits Held in Domestic Offices | $444.83M |
Key Performance Ratios
| Return on Assets (ROA) | 1.1% |
| Return on Equity (ROE) | 10.6% |
| Net Interest Margin | 2.63% |
| Efficiency Ratio | 57.01% |
| Tier 1 Risk-Based Capital Ratio | 23.359% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.06% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.724% |
| Earning Assets to total Assets | 97.64% |
Income and Expense
| Total Interest Income | $5.81M |
| Total Noninterest Income | $184.00k |
| Total Interest Expense | $2.80M |
| Total Noninterest Expense | $1.82M |
| Net Interest Income | $3.01M |
| Pre-tax Net Operating Income | $1.30M |
| Provision for Credit Losses | $75.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $79.00k |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.34M |
| Total Liabilities and Capital | $494.31M |
Securities
| Securities | $153.35M |
| Available-for-sale debt securities | $153.35M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Northern State Bank of Thief River Falls?
$494.31M as of the latest filing.
How much are Northern State Bank of Thief River Falls's total deposits?
$444.83M in total deposits.
Where is Northern State Bank of Thief River Falls located?
Thief River Falls, MN.
What is the Net Interest Margin?
2.63%.
How many domestic offices does it operate?
3.
When was it established?
08/24/1935.
What is the Return on Assets (ROA)?
1.1%.
How much are total loans and leases?
$196.38M (latest filing).
What is the total interest income (latest filing)?
$5.81M.