New Market Bank
Elko New Market, Minnesota · FDIC Cert #1931
New Market Bank is an FDIC-insured bank (Certificate #1931) with $190M in total assets and $164M in total deposits as of the Q2 2024 Call Report. Headquartered in Elko New Market, Minnesota, the bank maintains a Tier 1 capital ratio of 10.27% (Well-Capitalized) and a nonperforming loan ratio of 0.00%. BankHealthData assigns a composite Health Grade of A (82/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
New Market Bank (FDIC cert 1931) is a community bank — $190M in total assets, $164M in deposits, serving the Elko New Market, 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 adequate: Tier 1 capital ratio of 10.27% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is clean: non-performing loan ratio of 0.00% 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: 31.3% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is solid: ROA of 0.80% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. New Market Bank carries a composite BankHealth grade of A (82/100) 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: New Market Bank
- Total Assets
- $190M
- Total Deposits
- $164M
- Tier 1 Capital Ratio
- 10.27%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.00%
- Liquidity Ratio
- 31.31%
- Return on Assets
- 0.80%
- Headquarters
- Elko New Market, Minnesota
- FDIC Certificate
- #1931
- Health Grade
- A (82/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, New Market Bank holds a Tier 1 capital ratio of 10.27%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning New Market Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
New Market Bank shows strong financial health indicators. With $190M in assets and a Health Score of 82/100, 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 New Market Bank Compares
New Market Bank’s Health Score of 82 is 9 points above the Minnesota state average of 73 across 225 FDIC-insured banks. Its 10.27% Tier 1 capital ratio is 3.7 points below the US banking industry average near 14%. The 0.00% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.80% is below the national ROA benchmark of ~1.1%. Among 1499 similarly-sized banks, the average Health Score is 69, meaning this bank ranks above its size cohort. Site-wide, New Market Bank is 12 points above the portfolio average of 70.
Frequently Asked Questions
New Market Bank has a Bank Health Score of A (82/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 10.27%, 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. New Market Bank's Tier 1 capital ratio of 10.27% and nonperforming loan ratio of 0.00% 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 New Market Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #1931). 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.
New Market Bank holds $190M in total assets and $164M in total deposits. It is headquartered in Elko New Market, Minnesota (FDIC Certificate #1931).
New Market Bank has a Tier 1 capital ratio of 10.27%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.00%, and the return on assets is 0.80%.
Yes. New Market Bank is FDIC-insured (Certificate #1931). 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%).
New Market 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.