First Nb of Proctor
Proctor, Minnesota · FDIC Cert #5232
First Nb of Proctor is an FDIC-insured bank (Certificate #5232) with $31M in total assets and $28M in total deposits as of the Q2 2024 Call Report. Headquartered in Proctor, Minnesota, the bank maintains a Tier 1 capital ratio of 22.81% (Well-Capitalized) and a nonperforming loan ratio of 0.08%. BankHealthData assigns a composite Health Grade of A (92/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Nb of Proctor (FDIC cert 5232) is a community bank — $31M in total assets, $28M in deposits, serving the Proctor, 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 22.81% 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 clean: non-performing loan ratio of 0.08% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is very high: 41.2% 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 minimal: ROA of 0.14% indicates the bank is barely profitable on an assets basis. Multiple quarters of minimal profitability eventually challenge capital growth and regulatory standing. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. First Nb of Proctor carries a composite BankHealth grade of A (92/100) 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 Proctor
- Total Assets
- $31M
- Total Deposits
- $28M
- Tier 1 Capital Ratio
- 22.81%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.08%
- Liquidity Ratio
- 41.19%
- Return on Assets
- 0.14%
- Headquarters
- Proctor, Minnesota
- FDIC Certificate
- #5232
- Health Grade
- A (92/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Nb of Proctor holds a Tier 1 capital ratio of 22.81%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First Nb of Proctor has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First Nb of Proctor shows strong financial health indicators. With $31M in assets and a Health Score of 92/100, 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 Proctor Compares
First Nb of Proctor’s Health Score of 92 is 19 points above the Minnesota state average of 73 across 225 FDIC-insured banks. Its 22.81% Tier 1 capital ratio is 8.8 points above the US banking industry average near 14%. The 0.08% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.14% is below the national ROA benchmark of ~1.1%. Among 281 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, First Nb of Proctor is 22 points above the portfolio average of 70.
Frequently Asked Questions
First Nb of Proctor has a Bank Health Score of A (92/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 22.81%, 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 Proctor's Tier 1 capital ratio of 22.81% and nonperforming loan ratio of 0.08% 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 Proctor is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #5232). 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 Proctor holds $31M in total assets and $28M in total deposits. It is headquartered in Proctor, Minnesota (FDIC Certificate #5232).
First Nb of Proctor has a Tier 1 capital ratio of 22.81%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.08%, and the return on assets is 0.14%.
Yes. First Nb of Proctor is FDIC-insured (Certificate #5232). 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 Proctor'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.