State Bank of Fairmont is a state-chartered bank headquartered in Fairmont, Minnesota, in business for about 109 years. At the end of Q2 2026 it reported $154.2M in total assets and $139.1M in deposits, with 1 office.
Based on its Q2 2026 filing, State Bank of Fairmont scores 61/100, which we describe as moderate. That is higher than only 20% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 171st. Its strongest component is earnings (89/100; 1.74%), and its lowest is loan quality (32/100; 2.03%).
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 10 points (71 → 61), mostly because the loan quality component weakened by 38 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 65 |
| Q3 2024 | 64 |
| Q4 2024 | 60 |
| Q1 2025 | 72 |
| Q2 2025 | 71 |
| Q3 2025 | 73 |
| Q4 2025 | 65 |
| Q1 2026 | 73 |
| Q2 2026 | 61 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.62% |
| Q3 2024 | 10.94% |
| Q4 2024 | 10.54% |
| Q1 2025 | 10.79% |
| Q2 2025 | 10.80% |
| Q3 2025 | 11.32% |
| Q4 2025 | 10.82% |
| Q1 2026 | 11.00% |
| Q2 2026 | 10.40% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.21% |
| Q3 2024 | 1.43% |
| Q4 2024 | 1.22% |
| Q1 2025 | 0.94% |
| Q2 2025 | 0.91% |
| Q3 2025 | 0.91% |
| Q4 2025 | 0.97% |
| Q1 2026 | 1.01% |
| Q2 2026 | 2.03% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.30% |
| Q3 2024 | 1.26% |
| Q4 2024 | 0.63% |
| Q1 2025 | 1.72% |
| Q2 2025 | 1.61% |
| Q3 2025 | 1.68% |
| Q4 2025 | 0.84% |
| Q1 2026 | 1.83% |
| Q2 2026 | 1.74% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 61 | $154.2M | 10.40% | 2.03% | 1.74% | 75.1% |
| Q1 2026 | 73 | $155.7M | 11.00% | 1.01% | 1.83% | 73.0% |
| Q4 2025 | 65 | $141.5M | 10.82% | 0.97% | 0.84% | 81.3% |
| Q3 2025 | 73 | $141.1M | 11.32% | 0.91% | 1.68% | 86.7% |
| Q2 2025 | 71 | $141.8M | 10.80% | 0.91% | 1.61% | 85.4% |
| Q1 2025 | 72 | $141.8M | 10.79% | 0.94% | 1.72% | 84.5% |
| Q4 2024 | 60 | $137.1M | 10.54% | 1.22% | 0.63% | 83.2% |
| Q3 2024 | 64 | $135.8M | 10.94% | 1.43% | 1.26% | 85.0% |
| Q2 2024 | 65 | $136.5M | 10.62% | 1.21% | 1.30% | 85.4% |
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 |
|---|---|---|---|---|---|
| Prime Security BankBank Karlstad, MN | 59 out of 100, Moderate | $154.5M | 8.7% | 0.52% | vs |
| Lake Region BankBank New London, MN | 84 out of 100, Strong | $153.0M | 10.4% | 0.09% | vs |
| Security State Bank of HibbingBank Hibbing, MN | 64 out of 100, Moderate | $151.9M | 11.6% | 1.54% | vs |
| Perennial BankBank Darwin, MN | 63 out of 100, Moderate | $158.1M | 9.5% | 1.36% | vs |
| First Southeast BankBank Harmony, MN | 68 out of 100, Moderate | $158.3M | 8.4% | 0.14% | vs |
| First Security BankBank Byron, MN | 37 out of 100, Low | $161.7M | 7.9% | 2.63% | vs |
Deposit insurance
Is my money safe at State Bank of Fairmont?
Yes. State Bank of Fairmont is an FDIC-insured institution (FDIC certificate #8541). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 23.5% of deposits ($32.6M) are above the $250,000 FDIC insurance limit, close to the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.40%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.80% (benchmark: 10%).
1 location
Branches
State Bank of Fairmont lists 1 office in 1 city. Most locations:
- Fairmont, MN (1)
Identity & history
Profile
- Legal name
- State Bank of Fairmont
- Former names
- Northrop Peoples State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 8541
- RSSD ID
- 723158
- Primary regulator
- FDIC
- Holding company
- Web Inc
- Established
- June 1, 1917
- Headquarters
- 918 E Blue Earth Ave, Fairmont, MN 56031
- Website
- www.sbof.com
- Employees
- 17
Quick answers
State Bank of Fairmont: common questions
Is State Bank of Fairmont FDIC insured?
Yes. State Bank of Fairmont is an FDIC-insured institution (FDIC certificate #8541). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is State Bank of Fairmont's TellerScore?
61 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 Fairmont ever failed?
There is no failure record for FDIC certificate #8541 in the FDIC failed bank list.
How many branches does State Bank of Fairmont have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Fairmont
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Welcome State BankBank Welcome, MN | 90 out of 100, Very strong | $44.3M | 12.8% | 0.00% | vs |
| Citizens Community Credit UnionCredit union Fort Dodge, IA | 88 out of 100, Very strong | $253.6M | 19.1% | 0.73% | vs |
| First Financial Bank in WinnebagoBank Winnebago, MN | 82 out of 100, Strong | $58.1M | 13.8% | 0.66% | vs |
| First State BankBank Webster City, IA | 81 out of 100, Strong | $674.3M | 12.4% | 0.12% | vs |
| Farmers Trust and Savings BankBank Buffalo Center, IA | 74 out of 100, Strong | $422.7M | 9.9% | 0.06% | vs |
| Profinium, Inc.Bank Truman, MN | 72 out of 100, Strong | $533.1M | 10.2% | 0.13% | vs |