First National Bank of Elk River

First National Bank of Elk River Locations

729 Main Street
Elk River, MN 55330
888-441-2200
www.firstnationalfinancial.com

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First National Bank of Elk River is headquartered in Maple Lake and is the 44^th largest bank in the state of Minnesota. It is also the 2,100^th largest bank in the nation. It was established in 1907 and as of September of 2011, it had grown to 76 employees at 5 locations. First National Bank of Elk River has a 2-star health rating.

First National Bank of Elk River Routing Number: 091917665

3.50% Reward Checking Account at First National Bank of Elk River in MN - 2/20/2009

Update 11/27/09: The top rate has fallen to 3.50% APY.First National Bank of Elk River is offering a reward checking account called Extreme Checking. It pays 3.50% APY on balances up to $50,000 (1.50% for above) and refunds ATM fees up to $20 per cycle...

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See Rates for: Checking | Savings | Money Market | CD | IRA

First National Bank of Elk River Checking Account Rates

Apy	Min	Max	Product
0.15%	$10k	-	HSA Checking
0.10%	-	-	First Friends Interest Checking
0.10%	-	-	Business NOW Checking
0.05%	-	-	Lifestyle Checking
0.05%	-	-	First Interest Checking
0.05%	-	-	Commercial Connection Checking

First National Bank of Elk River Savings Account Rates

Apy	Min	Max	Product
0.10%	$10	-	First Dollars Savings
0.10%	$10	-	Traditional Savings

First National Bank of Elk River Money Market Rates

Apy	Min	Max	Product
0.90%	$250k	-	Premium Money Market Savings
0.30%	$25k	-	Money Market Savings

First National Bank of Elk River CD Rates

Apy	Min	Max	Product
1.56%	$10k	-	4 Year CD
1.31%	$10k	-	3 Year CD
0.80%	$10k	-	2 Year CD
0.80%	$10k	-	24 Month CD Special
0.55%	$10k	-	18 Month CD
0.50%	$10k	-	1 Year CD
0.30%	$10k	-	182 Days CD
0.20%	$10k	-	91 Days CD

First National Bank of Elk River IRA Rates

Apy	Min	Max	Product
1.56%	$10k	-	4 Year IRA
1.31%	$10k	-	3 Year IRA
0.80%	$10k	-	2 Year IRA
0.80%	$10k	-	24 Month IRA Special
0.55%	$10k	-	18 Month IRA
0.50%	$10k	-	1 Year IRA
0.30%	$10k	-	182 Days IRA
0.20%	$10k	-	91 Days IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

The First National Bank of Elk River
FDIC Certificate #	5136
BankRate Report	View
Year Established	1907
Employees	76
Primary Regulator	OCC
Assets and Liabilities
Assets	$308.34 million
Loans	$170.32 million
Deposits	$236.18 million
Equity Capital	$28.36 million
Loan Loss Allowance	$5.49 million
Unbacked Noncurrent Loans	$13.30 million
Real Estate Owned	$6.41 million
Historic Data - September 2010
Assets	$336.29 million
Equity Capital	$31.49 million
Loan Loss Allowance	$5.32 million
Unbacked Noncurrent Loans	$12.72 million
Real Estate Owned	$5.88 million
Profit Margin - Quarterly
Net Interest Margin	2.86%
Return on Assets	-0.97%
Return on Equity	-10.46%
Interest Income	$8.68 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First National Bank of Elk River had $19.71 million in non-current loans and owned real-estate with $33.84 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Elk River a Texas Ratio of 58.24% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First National Bank of Elk River increased slightly from 49.46% as of September 30, 2010 to 58.24% as of September 30, 2011, resulting in a negative change of 17.75%. This indicates that the balance sheet and financial strength for First National Bank of Elk River has declined slightly in recent periods.
Deposit Growth
In the past year, First National Bank of Elk River has decreased its total deposits by -$28.4 million, resulting in -10.74% 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 National Bank of Elk River has shown is poor.
Capitalization
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 National Bank of Elk River has $308.34 million in assets with $33.84 million in equity, resulting in a capitalization level of 10.98%, which is above average.