Northern State Bank of Thief River Falls
Thief River Falls, MN · Owner: Gato Holdings Inc
$550M
total assets, June 30, 2026
$550M
total assets, June 30, 2026
Northern State Bank of Thief River Falls is a state nonmember bank based in Thief River Falls, MN, owned by Gato Holdings Inc. As of June 30, 2026 it held $550.0 million in assets and $499.3 million in deposits; assets were up 19.2% from a year before. It has 3 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$550M
+19.2% in a year · +14.1% in a quarter
Deposits
$499M
+21.4% in a year · +15.4% in a quarter
Loans
$196M
-1.5% in a year · +2.6% in a quarter
Profit so far
$2.8M
Jan 1 to Jun 30, 2026 · +43.4% in a year
Capital ratio
9.92%
-0.88 pts in a year
Return on assets
1.09%
+0.25 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 201 3rd St E, Thief River Falls, MN, 56701
- County
- Pennington
- Holding company
- Gato Holdings Inc
- Established
- Aug 24, 1935
- Employees
- 48
- Branches
- 3
- Website
- www.nsbtrf.com
- Id
- b15286
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
3 offices as of June 30, 2026, holding $499.3 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 3 | $499M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Northern State Bank Of Thief River Falls (main office) | Thief River Falls, MN | $499M |
| Hugo'S Supermarket Branch | Thief River Falls, MN | $0 |
| First Federal Branch | Thief River Falls, MN | $0 |
Related pages
Questions and answers
How big is Northern State Bank of Thief River Falls?
$550.0 million in total assets and $499.3 million in deposits as of June 30, 2026, with assets up 19.2% from a year before. Its loans were $195.9 million.
How many branches does Northern State Bank of Thief River Falls have?
3 branches in Minnesota as of June 30, 2026.
Is Northern State Bank of Thief River Falls profitable?
Yes: it earned $2.79 million from January 1 to June 30, 2026 (up 43.4% from the same months a year before). Its return on assets was 1.09% a year; about 1% is typical.
Who owns Northern State Bank of Thief River Falls?
Northern State Bank of Thief River Falls is owned by Gato Holdings Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.