1st United Bank

Overview / Commentary
430 Northwest Fourth Street
Faribault, MN 55021

1st United Bank is headquartered in Faribault and is the 114th largest bank in the state of Minnesota. It is also the 3,131st largest bank in the nation. It was established in 1920 and as of June of 2022, it had grown to 22 employees at 2 locations. 1st United Bank has an A health rating.


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Health Grade Components

FDIC Certificate #31249
Year Established1920
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$195.0MM$191.3MM
LoansQ2 2022vs Q2 2021$71.8MM$74.4MM
DepositsQ2 2022vs Q2 2021$174.8MM$168.8MM
Equity CapitalQ2 2022vs Q2 2021$17.4MM$22.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.1MM$1.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$37.00K$778.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

1st United Bank Savings Account Rates

0.50%--IRA Savings
0.10%*$50k*-Community Savings
OTHER TIERS: 0.05% Up to $50k
0.10%*$5k*-Health Savings
OTHER TIERS: 0.05% Up to $5k
0.10%*$50k*-High Yield Business Savings
OTHER TIERS: 0.05% Up to $50k
0.05%$100-Statement Savings
0.05%$25-Youth Savings
0.05%$100-Regular Business Savings

1st United Bank Checking Account Rates

2.00%*$20k*$40kLoyalty Rewards
OTHER TIERS: 0.25% $40k+ | 1.75% Up to $10k | 1.85% $10k - $20k
0.10%*$25k*-Merit Club Checking
OTHER TIERS: 0.05% $1k - $25k
0.10%$5k-Choice Business Checking

1st United Bank Locations
1st United Bank430 4th St NWFaribault, MN 55021
495 North Street W Branch495 North Street WOwatonna, MN 55060

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