Headquartered in Freeport, Minnesota, Freeport State Bank is a state-chartered bank with $165.5M in total assets and $147.9M in deposits as of Q2 2026. It operates 3 offices. Its charter dates back to 1908.
Freeport State Bank has a TellerScore of 77 out of 100 (strong) based on Q2 2026 data — higher than 68% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 48th. Loan quality contributes the most (100/100, 0.00%); capital cushion contributes the least (57/100, 10.69%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 3 points (74 → 77), mostly because the capital cushion component improved by 11 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 73 |
| Q3 2024 | 73 |
| Q4 2024 | 72 |
| Q1 2025 | 74 |
| Q2 2025 | 74 |
| Q3 2025 | 75 |
| Q4 2025 | 75 |
| Q1 2026 | 76 |
| Q2 2026 | 77 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.62% |
| Q3 2024 | 9.69% |
| Q4 2024 | 9.36% |
| Q1 2025 | 9.37% |
| Q2 2025 | 9.57% |
| Q3 2025 | 9.85% |
| Q4 2025 | 9.99% |
| Q1 2026 | 10.37% |
| Q2 2026 | 10.69% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.04% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.81% |
| Q3 2024 | 0.87% |
| Q4 2024 | 0.77% |
| Q1 2025 | 1.00% |
| Q2 2025 | 1.04% |
| Q3 2025 | 1.06% |
| Q4 2025 | 0.97% |
| Q1 2026 | 1.03% |
| Q2 2026 | 1.11% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 77 | $165.5M | 10.69% | 0.00% | 1.11% | 76.6% |
| Q1 2026 | 76 | $167.3M | 10.37% | 0.00% | 1.03% | 73.9% |
| Q4 2025 | 75 | $169.0M | 9.99% | 0.00% | 0.97% | 72.3% |
| Q3 2025 | 75 | $171.9M | 9.85% | 0.04% | 1.06% | 70.4% |
| Q2 2025 | 74 | $168.2M | 9.57% | 0.00% | 1.04% | 71.4% |
| Q1 2025 | 74 | $172.2M | 9.37% | 0.00% | 1.00% | 65.7% |
| Q4 2024 | 72 | $166.5M | 9.36% | 0.00% | 0.77% | 67.9% |
| Q3 2024 | 73 | $168.4M | 9.69% | 0.00% | 0.87% | 67.3% |
| Q2 2024 | 73 | $163.4M | 9.62% | 0.00% | 0.81% | 67.5% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Northwestern Bank, National AssociationBank Dilworth, MN | 70 out of 100, Strong | $164.7M | 11.2% | 1.23% | vs |
| First Security BankBank Byron, MN | 37 out of 100, Low | $161.7M | 7.9% | 2.63% | vs |
| First Southeast BankBank Harmony, MN | 68 out of 100, Moderate | $158.3M | 8.4% | 0.14% | vs |
| Perennial BankBank Darwin, MN | 63 out of 100, Moderate | $158.1M | 9.5% | 1.36% | vs |
| Prime Security BankBank Karlstad, MN | 59 out of 100, Moderate | $154.5M | 8.7% | 0.52% | vs |
| State Bank of FairmontBank Fairmont, MN | 61 out of 100, Moderate | $154.2M | 10.4% | 2.03% | vs |
Deposit insurance
Is my money safe at Freeport State Bank?
Yes. Freeport State Bank is an FDIC-insured institution (FDIC certificate #8210). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 15.2% of deposits ($22.5M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.69%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.83% (benchmark: 10%).
3 locations
Branches
Freeport State Bank lists 3 offices in 3 cities. Most locations:
- Freeport, MN (1)
- Greenwald, MN (1)
- Melrose, MN (1)
Identity & history
Profile
- Legal name
- Freeport State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 8210
- RSSD ID
- 72454
- Primary regulator
- FDIC
- Holding company
- Freeport Bancshares Inc
- Established
- January 1, 1908
- Headquarters
- 111 Main St E, Freeport, MN 56331
- Website
- www.freeportstatebank.com
- Employees
- 22
Quick answers
Freeport State Bank: common questions
Is Freeport State Bank FDIC insured?
Yes. Freeport State Bank is an FDIC-insured institution (FDIC certificate #8210). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Freeport State Bank's TellerScore?
77 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Freeport State Bank ever failed?
There is no failure record for FDIC certificate #8210 in the FDIC failed bank list.
How many branches does Freeport State Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Freeport
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| St. Martin National BankBank Saint Martin, MN | 100 out of 100, Very strong | $29.4M | 15.5% | 0.00% | vs |
| American Heritage National BankBank Long Prairie, MN | 80 out of 100, Strong | $604.7M | 11.9% | 0.00% | vs |
| Battle Bank, National AssociationBank Upsala, MN | 79 out of 100, Strong | $180.8M | 33.3% | 0.00% | vs |
| Pine Country BankBank Little Falls, MN | 78 out of 100, Strong | $380.3M | 10.2% | 0.06% | vs |
| Minnesota National BankBank Sauk Centre, MN | 70 out of 100, Strong | $298.4M | 9.8% | 0.49% | vs |
| Sentry BankBank Saint Joseph, MN | 70 out of 100, Strong | $415.5M | 8.7% | 0.00% | vs |