First Nb of Fairfax
Fairfax, Minnesota · FDIC Cert #5142
This is the FDIC profile for First Nb of Fairfax, an FDIC-insured bank (Certificate #5142) with $36M in total assets and $23M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Fairfax, Minnesota, the bank maintains a Tier 1 capital ratio of 36.28% (Well-Capitalized) and a nonperforming loan ratio of 2.36%. BankHealthData assigns a composite Health Grade of A (86/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Nb of Fairfax (FDIC cert 5142) is a community bank — $36M in total assets, $23M in deposits, serving the Fairfax, Minnesota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 36.28% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 2.36% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is very high: 58.4% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is strong: return on assets of 2.22% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. First Nb of Fairfax carries a composite BankHealth grade of A (86/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Nb of Fairfax
- Total Assets
- $36M
- Total Deposits
- $23M
- Tier 1 Capital Ratio
- 36.28%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.36%
- Liquidity Ratio
- 58.38%
- Return on Assets
- 2.22%
- Headquarters
- Fairfax, Minnesota
- FDIC Certificate
- #5142
- Health Grade
- A (86/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
First Nb of Fairfax files quarterly Call Reports with the FDIC under Certificate #5142. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, First Nb of Fairfax holds a Tier 1 capital ratio of 36.28%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First Nb of Fairfax has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First Nb of Fairfax shows strong financial health indicators. With $36M in assets and a Health Score of 86/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First Nb of Fairfax Compares
First Nb of Fairfax’s Health Score of 86 is 6 points above the Minnesota state average of 80 across 225 FDIC-insured banks. Its 36.28% Tier 1 capital ratio is 22.3 points above the US banking industry average near 14%. The 2.36% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.22% is in line with or above the national ROA benchmark of ~1.1%. Among 352 similarly-sized banks, the average Health Score is 84, meaning this bank ranks above its size cohort. Site-wide, First Nb of Fairfax is 6 points above the portfolio average of 80.
Frequently Asked Questions
First Nb of Fairfax has a Bank Health Score of A (86/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 36.28%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Nb of Fairfax's Tier 1 capital ratio of 36.28% and nonperforming loan ratio of 2.36% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Nb of Fairfax is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #5142). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Nb of Fairfax holds $36M in total assets and $23M in total deposits. It is headquartered in Fairfax, Minnesota (FDIC Certificate #5142).
First Nb of Fairfax's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #5142 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
First Nb of Fairfax has a Tier 1 capital ratio of 36.28%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.36%, and the return on assets is 2.22%.
Yes. First Nb of Fairfax is FDIC-insured (Certificate #5142). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Nb of Fairfax's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.