State Bank of Bellingham is a state-chartered bank headquartered in Bellingham, Minnesota, in business for about 84 years. At the end of Q2 2026 it reported $46.4M in total assets and $38.4M in deposits, with 1 office.
Based on its Q2 2026 filing, State Bank of Bellingham scores 62/100, which we describe as moderate. That is higher than only 20% of 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 169th. Its strongest component is funding & liquidity (100/100; 58% loans-to-deposits, 11% uninsured), and its lowest is loan quality (17/100; 2.50%).
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 fell 8 points (70 → 62), mostly because the loan quality component weakened by 47 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 63 |
| Q3 2024 | 66 |
| Q4 2024 | 83 |
| Q1 2025 | 68 |
| Q2 2025 | 70 |
| Q3 2025 | 83 |
| Q4 2025 | 83 |
| Q1 2026 | 64 |
| Q2 2026 | 62 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.92% |
| Q3 2024 | 13.35% |
| Q4 2024 | 13.94% |
| Q1 2025 | 13.17% |
| Q2 2025 | 13.40% |
| Q3 2025 | 14.48% |
| Q4 2025 | 14.29% |
| Q1 2026 | 14.26% |
| Q2 2026 | 14.81% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.41% |
| Q3 2024 | 1.39% |
| Q4 2024 | 0.08% |
| Q1 2025 | 1.15% |
| Q2 2025 | 1.09% |
| Q3 2025 | 0.05% |
| Q4 2025 | 0.05% |
| Q1 2026 | 2.20% |
| Q2 2026 | 2.50% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.07% |
| Q3 2024 | 0.30% |
| Q4 2024 | 0.58% |
| Q1 2025 | 0.11% |
| Q2 2025 | 0.16% |
| Q3 2025 | 0.20% |
| Q4 2025 | 0.19% |
| Q1 2026 | 0.25% |
| Q2 2026 | 0.22% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 62 | $46.4M | 14.81% | 2.50% | 0.22% | 58.1% |
| Q1 2026 | 64 | $48.9M | 14.26% | 2.20% | 0.25% | 57.0% |
| Q4 2025 | 83 | $49.6M | 14.29% | 0.05% | 0.19% | 60.4% |
| Q3 2025 | 83 | $48.4M | 14.48% | 0.05% | 0.20% | 63.1% |
| Q2 2025 | 70 | $49.0M | 13.40% | 1.09% | 0.16% | 63.7% |
| Q1 2025 | 68 | $53.5M | 13.17% | 1.15% | 0.11% | 58.9% |
| Q4 2024 | 83 | $50.8M | 13.94% | 0.08% | 0.58% | 65.3% |
| Q3 2024 | 66 | $52.6M | 13.35% | 1.39% | 0.30% | 66.9% |
| Q2 2024 | 63 | $52.4M | 12.92% | 1.41% | 0.07% | 66.0% |
546 peers · Under $100 million in assets
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 |
|---|---|---|---|---|---|
| State Bank of TauntonBank Taunton, MN | 55 out of 100, Moderate | $46.6M | 13.4% | 4.06% | vs |
| State Bank of Lake ParkBank Lake Park, MN | 69 out of 100, Moderate | $47.0M | 11.0% | 1.52% | vs |
| The First National Bank of McIntoshBank Mcintosh, MN | 86 out of 100, Very strong | $47.0M | 20.2% | 1.16% | vs |
| Marshall County State BankBank Newfolden, MN | 95 out of 100, Very strong | $45.4M | 15.8% | 0.00% | vs |
| Farmers and Merchants State Bank of AlphaBank Alpha, MN | 46 out of 100, Below average | $47.4M | 11.1% | 4.15% | vs |
| Welcome State BankBank Welcome, MN | 90 out of 100, Very strong | $44.3M | 12.8% | 0.00% | vs |
Deposit insurance
Is my money safe at State Bank of Bellingham?
Yes. State Bank of Bellingham is an FDIC-insured institution (FDIC certificate #17062). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 11.0% of deposits ($4.2M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 14.81%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 25.34% (benchmark: 10%).
1 location
Branches
State Bank of Bellingham lists 1 office in 1 city. Most locations:
- Bellingham, MN (1)
Identity & history
Profile
- Legal name
- State Bank of Bellingham
- Type
- State-chartered bank
- FDIC certificate #
- 17062
- RSSD ID
- 272058
- Primary regulator
- FDIC
- Holding company
- Bellingham Corp the
- Established
- March 9, 1942
- Headquarters
- 201 Main Ave, Bellingham, MN 56212
- Website
- www.stbankbhm.com
- Employees
- 5
Quick answers
State Bank of Bellingham: common questions
Is State Bank of Bellingham FDIC insured?
Yes. State Bank of Bellingham is an FDIC-insured institution (FDIC certificate #17062). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is State Bank of Bellingham's TellerScore?
62 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has State Bank of Bellingham ever failed?
There is no failure record for FDIC certificate #17062 in the FDIC failed bank list.
How many branches does State Bank of Bellingham have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Bellingham
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Greater Community Credit UnionCredit union Dawson, MN | 91 out of 100, Very strong | $296.5M | 20.7% | 0.48% | vs |
| Grand Marais State BankBank Grand Marais, MN | 75 out of 100, Strong | $207.2M | 8.4% | 0.10% | vs |
| Frandsen Bank & TrustBank Lonsdale, MN | 71 out of 100, Strong | $3.7B | 10.0% | 0.71% | vs |
| Farmers and Merchants State Bank of AppletonBank Appleton, MN | 70 out of 100, Strong | $62.0M | 13.0% | 1.89% | vs |
| First Bank & TrustBank Brookings, SD | 70 out of 100, Strong | $4.8B | 10.4% | 0.42% | vs |
| Minnwest BankBank Redwood Falls, MN | 68 out of 100, Moderate | $2.9B | 10.8% | 0.56% | vs |