Falcon National Bank
Foley, Minnesota, Benton County
$872M in total assets, the 1,194th largest of 4,309 US banks and 25th of 225 headquartered in Minnesota.
- FDIC certificate
- 57603
- Established
- 2003
- Owned by
- Centra Ventures Inc
- Primary regulator
- OCC
- Website
- www.falconnational.com
At a glance
Compared with 150 banks headquartered in Minnesota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $872M | 96% | $277M | |
| Loans | $745M | 98% | $181M | |
| Deposits | $769M | 98% | $243M | |
| Return on assets | 1.06% | 34% | 1.25% | |
| Net interest margin | 4.56% | 85% | 3.99% | |
| Efficiency ratio | 61.0% | 49% | 61.1% | |
| Equity to assets | 10.61% | 71% | 9.54% | |
| Loans to deposits | 97% | 81% | 82% |
Growth
Total assets grew 3.2% a year over the last 5 years and 15.7% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2021 | Eagle Community Bank Maple Grove, MN | $35M |
| Jun 2018 | State Bank of Richmond Richmond, MN, an affiliate under the same holding company | $92M |
| Jun 2018 | Community Pride Bank Isanti, MN, an affiliate under the same holding company | $118M |
Where they operate
6 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Stearns County, MN | $414M | 5.8% | 5 of 29 |
| Anoka County, MN | $139M | 2.2% | 6 of 21 |
| Benton County, MN | $118M | 16.3% | 2 of 10 |
| Isanti County, MN | $62M | 10.6% | 5 of 5 |
| Hennepin County, MN | $36M | 0.0% | 55 of 68 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 4 branches since 2016 (2 to 6, +200.0%). 0 opened, 4 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 2 | |||
| 2018 | Acquired State Bank of Richmond and Community Pride Bank | 3 | 0 | +3 | 5 |
| 2021 | Acquired Eagle Community Bank | 1 | 0 | +1 | 6 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 35% | 15% | |
| Commercial real estate | 24% | 25% | |
| Multifamily | 13% | 4% | |
| 1-4 family residential | 10% | 28% | |
| Construction and land | 10% | 5% | |
| Agricultural | 5% | 8% | |
| Farmland | 1% | 10% | |
| Consumer | 0% | 4% | |
| Other | 2% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 44% | 30% | |
| Other interest-bearing | 39% | 49% | |
| Noninterest-bearing | 17% | 21% |
Brokered deposits are 2.8% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.73% | 0.46% |
| Net charge-offs, annualized | 0.61% | 0.00% |
| Reserves to loans | 1.84% | 1.20% |
| Leverage ratio | 10.24% | 10.05% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Stearns County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/falcon