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 State Bank of Fairmont
State Bank of Fairmont
| RSSD ID 723158 | CERTIFICATE 8541 | ABA NUMBER 91213806 |
| 918 E Blue Earth Ave |
Quarter Ended : |
2025-03-31 |
| Fairmont, Minnesota, 56031 |
Updated : |
2025-04-01 |
| www.sbof.com |
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| Institution Profile |
| Year Opened : |
1917 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
1 |
Number of Employees : |
17 |
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| Related Company Filings |
Regulator |
 WEB INC |
FED |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 141,768 |
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Total Interest Income | 2,189 |
| Total Liabilities | 128,382 |
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Total NonInterest Income | 62 |
| Total Bank Equity Capital | 13,386 |
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Total Interest Expense | 789 |
| Total Deposits | 128,012 |
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Total NonInterest Expense | 823 |
| Net Loans & Leases | 108,168 |
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Net Income | 601 |
| Loan Loss Allowance | 2,035 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 16,671 |
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Total loans | 105,917 |
| Total assets for the leverage ratio | 141,743 |
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Loans secured by real estate: | 53,224 |
| Tier 1 Leverage Ratio | 10.79 |
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Commercial and industrial loans | 29,733 |
| Tier 1 Capital Ratio | 14.02 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 15.28 |
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Loans to individuals - Other | 7,540 |
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:· State Bank of Fairmont
