New Market Bank is a state-chartered bank headquartered in Elko New Market, Minnesota, in business for about 121 years. At the end of Q2 2026 it reported $196.0M in total assets and $177.5M in deposits, with 3 offices.
Based on its Q2 2026 filing, New Market Bank scores 74/100, which we describe as strong. That is higher than 57% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 72nd. Its strongest component is loan quality (100/100; 0.00%), and its lowest is capital cushion (41/100; 9.11%).
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 2 points (72 → 74), mostly because the earnings component improved by 6 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 67 |
| Q3 2024 | 68 |
| Q4 2024 | 70 |
| Q1 2025 | 71 |
| Q2 2025 | 72 |
| Q3 2025 | 70 |
| Q4 2025 | 71 |
| Q1 2026 | 73 |
| Q2 2026 | 74 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.40% |
| Q3 2024 | 8.37% |
| Q4 2024 | 8.90% |
| Q1 2025 | 8.84% |
| Q2 2025 | 8.87% |
| Q3 2025 | 8.70% |
| Q4 2025 | 8.83% |
| Q1 2026 | 8.88% |
| Q2 2026 | 9.11% |
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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 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.60% |
| Q3 2024 | 0.74% |
| Q4 2024 | 0.75% |
| Q1 2025 | 0.83% |
| Q2 2025 | 0.97% |
| Q3 2025 | 0.81% |
| Q4 2025 | 0.87% |
| Q1 2026 | 1.06% |
| Q2 2026 | 1.13% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 74 | $196.0M | 9.11% | 0.00% | 1.13% | 65.6% |
| Q1 2026 | 73 | $193.7M | 8.88% | 0.00% | 1.06% | 64.2% |
| Q4 2025 | 71 | $190.8M | 8.83% | 0.00% | 0.87% | 65.0% |
| Q3 2025 | 70 | $184.3M | 8.70% | 0.00% | 0.81% | 67.9% |
| Q2 2025 | 72 | $189.0M | 8.87% | 0.00% | 0.97% | 64.1% |
| Q1 2025 | 71 | $189.8M | 8.84% | 0.00% | 0.83% | 63.9% |
| Q4 2024 | 70 | $180.9M | 8.90% | 0.00% | 0.75% | 66.9% |
| Q3 2024 | 68 | $179.2M | 8.37% | 0.00% | 0.74% | 67.8% |
| Q2 2024 | 67 | $189.7M | 8.40% | 0.00% | 0.60% | 69.1% |
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 |
|---|---|---|---|---|---|
| Farmers State Bank of HamelBank Hamel, MN | 72 out of 100, Strong | $198.3M | 9.5% | 0.00% | vs |
| Keen Bank, National AssociationBank Waseca, MN | 76 out of 100, Strong | $201.1M | 8.4% | 0.06% | vs |
| Minnstar Bank National AssociationBank Lake Crystal, MN | 70 out of 100, Strong | $204.0M | 10.4% | 0.36% | vs |
| Pine River State BankBank Pine River, MN | 64 out of 100, Moderate | $185.3M | 8.5% | 0.74% | vs |
| Wadena State BankBank Wadena, MN | 81 out of 100, Strong | $206.6M | 9.8% | 0.04% | vs |
| Grand Marais State BankBank Grand Marais, MN | 75 out of 100, Strong | $207.2M | 8.4% | 0.10% | vs |
Deposit insurance
Is my money safe at New Market Bank?
Yes. New Market Bank is an FDIC-insured institution (FDIC certificate #1931). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 19.8% of deposits ($35.1M) 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 9.11%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.25% (benchmark: 10%).
3 locations
Branches
New Market Bank lists 3 offices in 3 cities. Most locations:
- Elko New Market, MN (1)
- Lakeville, MN (1)
- Prior Lake, MN (1)
HMDA 2025
Mortgage lending
In 2025, New Market Bank reported 158 home-loan applications under HMDA (LEI 2549002N9QET42VCAS33): 138 originated ($46,550,000 total), 3 denied, and 17 withdrawn or closed by the applicant. Its denial rate on decided applications was 2.1%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- New Market Bank
- Former names
- First State Bank of New Market
- Type
- State-chartered bank
- FDIC certificate #
- 1931
- RSSD ID
- 165758
- Primary regulator
- FDIC
- Holding company
- Market Bcorp Inc
- Established
- June 10, 1905
- Headquarters
- 101 Old Town Rd, Elko New Market, MN 55054
- Website
- www.newmarket.bank
- Employees
- 37
Quick answers
New Market Bank: common questions
Is New Market Bank FDIC insured?
Yes. New Market Bank is an FDIC-insured institution (FDIC certificate #1931). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is New Market Bank's TellerScore?
74 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 New Market Bank ever failed?
There is no failure record for FDIC certificate #1931 in the FDIC failed bank list.
How many branches does New Market Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Elko New Market
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Castle Rock BankBank Castle Rock, MN | 93 out of 100, Very strong | $293.5M | 14.2% | 0.01% | vs |
| Vermillion State BankBank Vermillion, MN | 90 out of 100, Very strong | $931.4M | 13.4% | 0.24% | vs |
| Ziegler Federal Credit UnionCredit union Bloomington, MN | 87 out of 100, Very strong | $4.3M | 26.9% | 1.09% | vs |
| Think Mutual BankBank Rochester, MN | 86 out of 100, Very strong | $2.2B | 16.3% | 0.25% | vs |
| Toro Employees Federal Credit UnionCredit union Bloomington, MN | 84 out of 100, Strong | $41.5M | 14.5% | 0.56% | vs |
| Scale BankBank Edina, MN | 83 out of 100, Strong | $626.7M | 14.0% | 0.06% | vs |