State Bank of Bellingham
Bellingham, Minnesota · FDIC Cert #17062
State Bank of Bellingham is an FDIC-insured bank (Certificate #17062) with $52M in total assets and $42M in total deposits as of the Q2 2024 Call Report. Headquartered in Bellingham, Minnesota, the bank maintains a Tier 1 capital ratio of 19.77% (Well-Capitalized) and a nonperforming loan ratio of 1.41%. BankHealthData assigns a composite Health Grade of A (84/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
State Bank of Bellingham (FDIC cert 17062) is a community bank — $52M in total assets, $42M in deposits, serving the Bellingham, 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 19.77% 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 normal: non-performing loan ratio of 1.41% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is very high: 42.1% 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 0.07% 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. State Bank of Bellingham carries a composite BankHealth grade of A (84/100) 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: State Bank of Bellingham
- Total Assets
- $52M
- Total Deposits
- $42M
- Tier 1 Capital Ratio
- 19.77%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.41%
- Liquidity Ratio
- 42.09%
- Return on Assets
- 0.07%
- Headquarters
- Bellingham, Minnesota
- FDIC Certificate
- #17062
- Health Grade
- A (84/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, State Bank of Bellingham holds a Tier 1 capital ratio of 19.77%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning State Bank of Bellingham has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
State Bank of Bellingham shows strong financial health indicators. With $52M in assets and a Health Score of 84/100, 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 State Bank of Bellingham Compares
State Bank of Bellingham’s Health Score of 84 is 11 points above the Minnesota state average of 73 across 225 FDIC-insured banks. Its 19.77% Tier 1 capital ratio is 5.8 points above the US banking industry average near 14%. The 1.41% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.07% is below the national ROA benchmark of ~1.1%. Among 584 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, State Bank of Bellingham is 14 points above the portfolio average of 70.
Frequently Asked Questions
State Bank of Bellingham has a Bank Health Score of A (84/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 19.77%, 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. State Bank of Bellingham's Tier 1 capital ratio of 19.77% and nonperforming loan ratio of 1.41% 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 State Bank of Bellingham is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #17062). 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.
State Bank of Bellingham holds $52M in total assets and $42M in total deposits. It is headquartered in Bellingham, Minnesota (FDIC Certificate #17062).
State Bank of Bellingham has a Tier 1 capital ratio of 19.77%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.41%, and the return on assets is 0.07%.
Yes. State Bank of Bellingham is FDIC-insured (Certificate #17062). 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%).
State Bank of Bellingham'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.