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Overview / Commentary
461 Main Street
Elko New Market, MN 55054

New Market Bank is headquartered in Elko New Market and is the 193rd largest bank in the state of Minnesota. It is also the 4,998th largest bank in the nation. It was established in 1905 and as of December of 2013, it had grown to 23 employees at 4 locations. New Market Bank has a C+ health rating.

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. New Market Bank has a relatively low asset base.

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 December 31, 2013 New Market Bank had $4.3 million in non-current loans and owned real-estate with $8.83 million in equity and loan loss allowances on hand to cover it. This gives New Market Bank a Texas Ratio of 48.63% 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 New Market Bank experienced no significant changes from 45.41% as of December 31, 2012 to 48.63% as of December 31, 2013, resulting in a negative change of 7.09%. This indicates that the balance sheet and financial strength for New Market Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, New Market Bank has increased its total deposits by $3.96 million, resulting in 5.13% 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 New Market Bank has shown is excellent.



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. New Market Bank has $89.47 million in assets with $8.83 million in equity, resulting in a capitalization level of 9.87%, which is above average.

Institution Statistics

FDIC Certificate #1931
Year Established1905
Primary RegulatorFDIC
Assets and Liabilities
Assets$89.47 million
Loans$44.60 million
Deposits$81.19 million
Equity Capital$7.65 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$3.01 million
Historic Data - December 2012
Assets$87.69 million
Equity Capital$7.69 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$2.69 million
Profit Margin - Quarterly
Net Interest Margin3.17%
Return on Assets0.14%
Return on Equity1.56%
Interest Income$2.72 million

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New Market Bank Savings Account Rates

0.40%$250k-Premium Savings
0.15%$10k-Health Savings Account
0.05%--Regular Savings

New Market Bank Money Market Rates

0.20%$50k-Money Market Plus Savings
0.15%$25k-Money Market Savings

New Market Bank Checking Account Rates

0.10%$10k-Prestige Gold
0.03%--Prestige Plus

New Market Bank CD Rates

1.05%$500-60 Month CD
0.80%$500-48 Month CD
0.60%$500-36 Month CD
0.40%$500-24 Month CD
0.25%$1k-18 Month CD
0.15%$1k-12 Month CD
0.12%$1k-9 Month CD
0.10%$2,500-6 Month CD
0.08%$2,500-3 Month CD

New Market Bank Locations
Kendrick Branch11175 205th St WLakeville, MN 55044
Lake Marion Branch20151 Icenic TrailLakeville, MN 55044
New Market Bank461 Main StreetElko New Market, MN 55054
Prior Lake Branch4719 Park Nicollet Ave Se Suite 100Prior Lake, MN 55372