Prinsbank
Prinsburg, Minnesota · FDIC Cert #10191
Prinsbank is an FDIC-insured bank (Certificate #10191) with $193M in total assets and $158M in total deposits as of the Q2 2024 Call Report. Headquartered in Prinsburg, Minnesota, the bank maintains a Tier 1 capital ratio of 21.58% (Well-Capitalized) and a nonperforming loan ratio of 2.39%. BankHealthData assigns a composite Health Grade of C (61/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Prinsbank (FDIC cert 10191) is a community bank — $193M in total assets, $158M in deposits, serving the Prinsburg, 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 21.58% 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 2.39% 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 thin: 5.1% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is strong: return on assets of 2.38% 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. Prinsbank carries a composite BankHealth grade of C (61/100) 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: Prinsbank
- Total Assets
- $193M
- Total Deposits
- $158M
- Tier 1 Capital Ratio
- 21.58%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.39%
- Liquidity Ratio
- 5.13%
- Return on Assets
- 2.38%
- Headquarters
- Prinsburg, Minnesota
- FDIC Certificate
- #10191
- Health Grade
- C (61/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Prinsbank holds a Tier 1 capital ratio of 21.58%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Prinsbank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Prinsbank shows average financial health. While not alarming, its Health Score of 61/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
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 Prinsbank Compares
Prinsbank’s Health Score of 61 is 12 points below the Minnesota state average of 73 across 225 FDIC-insured banks. Its 21.58% Tier 1 capital ratio is 7.6 points above the US banking industry average near 14%. The 2.39% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.38% is in line with or above the national ROA benchmark of ~1.1%. Among 1516 similarly-sized banks, the average Health Score is 69, meaning this bank ranks below its size cohort. Site-wide, Prinsbank is 9 points below the portfolio average of 70.
Frequently Asked Questions
Prinsbank has a Bank Health Score of C (61/100), placing it in average financial health. It holds a Tier 1 capital ratio of 21.58%, 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. Prinsbank's Tier 1 capital ratio of 21.58% and nonperforming loan ratio of 2.39% indicate an average 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 Prinsbank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #10191). 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.
Prinsbank holds $193M in total assets and $158M in total deposits. It is headquartered in Prinsburg, Minnesota (FDIC Certificate #10191).
Prinsbank has a Tier 1 capital ratio of 21.58%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.39%, and the return on assets is 2.38%.
Yes. Prinsbank is FDIC-insured (Certificate #10191). 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 C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Prinsbank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.