Portage Bank


Overview / Commentary
507-632-4242
104 West Main Street
Ceylon, MN 56121

Portage Bank is headquartered in BELLEVUE and is the 31st largest bank in the state of Washington. It is also the 3,970th largest bank in the nation. It was established in 1901 and as of March of 2025, it had grown to 29 employees at 3 locations. Portage Bank has an A health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Portage Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8197
Year Established1901
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.13%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$80.7MM$68MM
LoansQ1 2025vs Q1 2024$59MM$52.4MM
DepositsQ1 2025vs Q1 2024$63.8MM$54.7MM
Equity CapitalQ1 2025vs Q1 2024$7.8MM$6.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$595K$647K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$461K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Portage Bank are currently being reviewed.

Locations


Portage Bank Locations
State Bank Of Ceylon104 W Main StCeylon, MN 56121

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