Wadena State Bank is a bank based in Wadena, Minnesota, established in 1917, with $204 million in total assets across 4 branches. By Trust Grade it ranks 153rd of 224 banks we track in Minnesota. Its capital ratio of 8.2% trails most similarly sized banks (17th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.59% return on assets. No consumer complaints against Wadena State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Wadena State Bank compares to Minnesota peers
How we graded Wadena State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.2% capital ratio)
- Strongly profitable (ROA 1.59%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Wadena State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 121 Main Avenue East, Deer Creek, MN 56527
- 108 2nd Street, Bluffton, MN 56518
- 301 1st St Se, Wadena, MN 56482
- 304 1st St Se, Wadena, MN 56482
Are deposits at Wadena State Bank insured?
Yes. Wadena State Bank is an FDIC-insured bank (FDIC certificate #13430). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Wadena State Bank: frequently asked questions
Is Wadena State Bank a good bank?
Wadena State Bank earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Well-capitalized (8.2% capital ratio); Strongly profitable (ROA 1.59%).
Is Wadena State Bank FDIC-insured?
Yes. Wadena State Bank is a FDIC-insured bank (FDIC certificate #13430). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Wadena State Bank?
Wadena State Bank holds $204 million in total assets, ranking 153rd of 224 banks we track in Minnesota. It operates 4 branches.
Does Wadena State Bank have CFPB complaints?
No CFPB complaints against Wadena State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
