First Bank Elk River

Overview / Commentary
812 Main Street
Elk River, MN 55330

First Bank Elk River is headquartered in ELK RIVER and is the 67th largest bank in the state of Minnesota. It is also the 2,214th largest bank in the nation. It was established in 1907 and as of December of 2023, it had grown to 47 employees at 4 locations. First Bank Elk River's CD rates are 2X the national average, and it has a B health rating.

Reviews (1)

Savings Account And Service Charge

I had a savings account and thought I was getting charged a $15.00 a year service charge. I discovered I was getting charged $15.00 a month for this. I would never sign up for that. Why would I let someone just take my money each month. Why the service charge anyway? Where is my cut of the profit you made on my money while it was in your bank. I can't believe you people get away with this crap. YOU OWE ME!


Health Grade Components

FDIC Certificate #5136
Year Established1907
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD17.55%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$356.7MM$356.9MM
LoansQ4 2023vs Q4 2022$253.6MM$223.6MM
DepositsQ4 2023vs Q4 2022$264.1MM$304MM
Equity CapitalQ4 2023vs Q4 2022$21MM$18.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$2.5MM$2.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$142K$21K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First Bank Elk River; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Bank Elk River Savings Account Rates

0.10%--First Dollars Savings
0.10%--Traditional Savings
0.07%--HSA Checking

First Bank Elk River Money Market Rates

0.70%*$250k*-Premium Money Market Savings
OTHER TIERS: 0.30% Up to $25k | 0.40% $25k - $50k | 0.50% $50k - $100k | 0.60% $100k - $250k
0.40%*$25k*-Money Market Savings
OTHER TIERS: 0.10% Up to $1k | 0.20% $1k - $5k | 0.30% $5k - $25k

First Bank Elk River Checking Account Rates

0.07%--Lifestyle Checking
0.07%--First Friends Interest Checking

First Bank Elk River CD Rates

2.17%$500-1 Year CD
2.10%$500-4 Year CD
2.09%$500-3 Year CD
2.08%$500-2 Year CD
2.07%$500-18 Month CD
1.26%$500-182 Day CD
1.01%$500-91 Day CD

First Bank Elk River IRA Rates

2.17%$500-1 Year IRA
2.10%$500-4 Year IRA
2.09%$500-3 Year IRA
2.08%$500-2 Year IRA
2.07%$500-18 Month IRA
1.26%$500-182 Day IRA
1.01%$500-91 Day IRA

First Bank Elk River Locations
Anoka Branch1121 West Highway 10Anoka, MN 55303
Hassan Branch13785 Rogers DriveRogers, MN 55374
Elk Park Center Branch19157 Freeport AvenueElk River, MN 55330
The First National Bank Of Elk River812 Main St NwElk River, MN 55330

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.