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Overview / Commentary
4625 County Highway 101
Minnetonka, MN 55343

First Minnesota Bank is headquartered in Minnetonka and is the 29th largest bank in the state of Minnesota. It is also the 1,643rd largest bank in the nation. It was established in 1881 and as of March of 2014, it had grown to 89 employees at 11 locations. First Minnesota Bank has a C+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Minnesota Bank had $10.75 million in non-current loans and owned real-estate with $47.93 million in equity and loan loss allowances on hand to cover it. This gives First Minnesota Bank a Texas Ratio of 22.43% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Minnesota Bank decreased slightly from 31.18% as of March 31, 2013 to 22.43% as of March 31, 2014, resulting in a positive change of 28.05%.This indicates that the balance sheet and financial strength for First Minnesota Bank has improved slightly in recent periods.

Deposit Growth


In the past year, First Minnesota Bank has decreased its total deposits by -$17.25 million, resulting in -5.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Minnesota Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Minnesota Bank has $409.27 million in assets with $47.93 million in equity, resulting in a capitalization level of 11.71%, which is excellent.

Institution Statistics

FDIC Certificate #5151
Year Established1881
Primary RegulatorFDIC
Assets and Liabilities
Assets$409.27 million
Loans$126.39 million
Deposits$296.78 million
Equity Capital$44.56 million
Loan Loss Allowance$3.37 million
Unbacked Noncurrent Loans$757,000
Real Estate Owned$9.99 million
Historic Data - March 2013
Assets$431.13 million
Equity Capital$49.01 million
Loan Loss Allowance$3.17 million
Unbacked Noncurrent Loans$757,000
Real Estate Owned$14.99 million
Profit Margin - Quarterly
Net Interest Margin3.25%
Return on Assets0.83%
Return on Equity7.86%
Interest Income$3.89 million

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First Minnesota Bank Locations
Mayer Branch101 Ash Avenue NorthMayer, MN 55360
Monticello Branch106 East 4th StreetMonticello, MN 55362
Champlin Branch11431 Jefferson Court NorthChamplin, MN 55316
Anoka Branch2850 Cutters Grove Ave, Suite 100Anoka, MN 55303
308 Main Street South308 Main Street SouthHutchinson, MN 55350
Edina Branch4018 West 65th StreetEdina, MN 55435
First Minnesota Bank4625 County Highway 101Minnetonka, MN 55343
Mound Branch5211 Shoreline DriveMound, MN 55364
Buffalo Branch555 Hwy 55 EastBuffalo, MN 55313
Glencoe Branch606 East Eleventh StreetGlencoe, MN 55336