Bank · FDIC insured
Freeport State Bank
A $165.5M bank headquartered in Freeport, MN, with 3 branches in Minnesota.
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Freeport State Bank
Founded in 1901 as a private bank, the institution incorporated as Uhlenkott State Bank in 1908 and was renamed Freeport State Bank in 1912, operating from its Freeport, Minnesota headquarters.
After merging with Farmer's State Bank in 1926, the bank was later acquired by the Hemker family and remains locally owned and operated under president Jim Hemker.
Freeport State Bank operates branches in Freeport, Melrose, and Greenwald, serving Stearns County with personal, business, and agricultural banking services.
- Headquarters
- 111 Main St E, Freeport, MN 56331
- FDIC certificate
- 8210 ↗
Branches
3 branches in Minnesota
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Minnesota
3 branches
- Freeport State BankMain office111 Main St E, Freeport, MN 56331Directions
- Greenwald Branch450 1st Avenue North, Greenwald, MN 56335Directions
- Melrose Branch219 E Main St, Melrose, MN 56352Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.69% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.11% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $77 | $81 | — |
- CapitalLeverage ratio10.69%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.11%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$77Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Freeport State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.