Mid-Central National Bank
Wadena, Minnesota · FDIC Cert #30943
Mid-Central National Bank is an FDIC-insured bank (Certificate #30943) with $120M in total assets and $97M in total deposits as of the Q2 2024 Call Report. Headquartered in Wadena, Minnesota, the bank maintains a Tier 1 capital ratio of 30.69% (Well-Capitalized) and a nonperforming loan ratio of 0.20%. BankHealthData assigns a composite Health Grade of A (92/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Mid-Central National Bank (FDIC cert 30943) is a community bank — $120M in total assets, $97M in deposits, serving the Wadena, 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 30.69% 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 0.20% 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 comfortable: 28.4% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is thin: ROA of 0.76% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. Mid-Central National Bank 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: Mid-Central National Bank
- Total Assets
- $120M
- Total Deposits
- $97M
- Tier 1 Capital Ratio
- 30.69%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.20%
- Liquidity Ratio
- 28.43%
- Return on Assets
- 0.76%
- Headquarters
- Wadena, Minnesota
- FDIC Certificate
- #30943
- Health Grade
- A (92/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Mid-Central National Bank holds a Tier 1 capital ratio of 30.69%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Mid-Central National Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Mid-Central National Bank shows strong financial health indicators. With $120M 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 Mid-Central National Bank Compares
Mid-Central National Bank’s Health Score of 92 is 19 points above the Minnesota state average of 73 across 225 FDIC-insured banks. Its 30.69% Tier 1 capital ratio is 16.7 points above the US banking industry average near 14%. The 0.20% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.76% is below the national ROA benchmark of ~1.1%. Among 1216 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, Mid-Central National Bank is 22 points above the portfolio average of 70.
Frequently Asked Questions
Mid-Central National Bank 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 30.69%, 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. Mid-Central National Bank's Tier 1 capital ratio of 30.69% and nonperforming loan ratio of 0.20% 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 Mid-Central National Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #30943). 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.
Mid-Central National Bank holds $120M in total assets and $97M in total deposits. It is headquartered in Wadena, Minnesota (FDIC Certificate #30943).
Mid-Central National Bank has a Tier 1 capital ratio of 30.69%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.20%, and the return on assets is 0.76%.
Yes. Mid-Central National Bank is FDIC-insured (Certificate #30943). 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%).
Mid-Central National Bank'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.