Pine Country Bank
Little Falls, Minnesota, Morrison County
$380M in total assets, the 2,182nd largest of 4,309 US banks and 68th of 225 headquartered in Minnesota.
- FDIC certificate
- 13652
- Established
- 1927
- Owned by
- Midcountry Acquisition Corp
- Primary regulator
- FDIC
- Website
- www.pinecountrybank.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 | $380M | 67% | $277M | |
| Loans | $245M | 63% | $181M | |
| Deposits | $335M | 68% | $243M | |
| Return on assets | 1.32% | 57% | 1.23% | |
| Net interest margin | 4.37% | 76% | 3.99% | |
| Efficiency ratio | 55.5% | 28% | 61.1% | |
| Equity to assets | 11.54% | 85% | 9.54% | |
| Loans to deposits | 73% | 31% | 83% |
Growth
Total assets grew 9.2% a year over the last 5 years and 9.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2025 | First State Bank of Sauk Centre Sauk Centre, MN, an affiliate under the same holding company | $143M |
Where they operate
5 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Morrison County, MN | $197M | 25.4% | 2 of 9 |
| Stearns County, MN | $105M | 1.5% | 18 of 29 |
| Benton County, MN | $29M | 3.9% | 8 of 10 |
| Hennepin County, MN | $5M | 0.0% | 65 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 1 branch since 2016 (4 to 5, +25.0%). 0 opened, 2 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2018 | Closed Bowlus | 0 | 1 | −1 | 3 |
| 2025 | Acquired First State Bank of Sauk Centre | 2 | 0 | +2 | 5 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Farmland | 29% | 10% | |
| Business (C&I) | 20% | 15% | |
| Commercial real estate | 16% | 25% | |
| 1-4 family residential | 16% | 28% | |
| Agricultural | 12% | 8% | |
| Construction and land | 5% | 5% | |
| Consumer | 1% | 4% | |
| Multifamily | 0% | 4% | |
| Other | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 41% | 49% | |
| Noninterest-bearing | 30% | 21% | |
| Time deposits | 29% | 30% |
Brokered deposits are 0.0% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.06% | 0.48% |
| Net charge-offs, annualized | -0.00% | 0.00% |
| Reserves to loans | 1.07% | 1.21% |
| Leverage ratio | 10.24% | 10.05% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Morrison 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/pine-country