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First Bank Elk River

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Overview / Commentary

763-241-3637

812 Main Street
Elk River, MN 55330

First Bank Elk River is headquartered in Elk River and is the 55^th largest bank in the state of Minnesota. It is also the 2,082^nd largest bank in the nation. It was established in 1907 and as of September of 2020, it had grown to 46 employees at 4 locations. First Bank Elk River has an A health rating.

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2009

11/27 - 3.50% Reward Checking Account at First National Bank of Elk River in MN

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Health

A

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #	5136
Year Established	1907
Employees	46
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	6.94%
Annual Interest Income	$7.3MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$358.7MM$298.2MM
Loans	Q3 2020vs Q3 2019	$225.5MM$173.7MM
Deposits	Q3 2020vs Q3 2019	$269.7MM$228.4MM
Equity Capital	Q3 2020vs Q3 2019	$31.1MM$27.4MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$1.9MM$1.6MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$541.00K$582.00K
Real Estate Owned	Q3 2020vs Q3 2019	$0$248.00K

Rates

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* 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^*	$10k^*	-	HSA Checking
OTHER TIERS: 0.02% → Up to $10k
0.05%	-	-	First Dollars Savings
0.05%	-	-	Traditional Savings

First Bank Elk River Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%^*	$250k^*	-	Premium Money Market Savings
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $50k \| 0.20% → $50k - $100k \| 0.35% → $100k - $250k
0.20%^*	$25k^*	-	Money Market Savings
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $5k \| 0.15% → $5k - $25k

First Bank Elk River Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	First Friends Interest Checking
0.05%	-	-	Lifestyle Checking

First Bank Elk River CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.05%^*	$10k^*	-	4 Year CD
OTHER TIERS: 0.95% → $500 - $2.5k \| 1.00% → $2.5k - $10k
0.90%^*	$10k^*	-	3 Year CD
OTHER TIERS: 0.80% → $500 - $2.5k \| 0.85% → $2.5k - $10k
0.75%^*	$2.5k^*	-	2 Year CD
OTHER TIERS: 0.70% → $500 - $2.5k
0.65%^*	$10k^*	-	18 Month CD
OTHER TIERS: 0.55% → $500 - $2.5k \| 0.60% → $2.5k - $10k
0.50%^*	$10k^*	-	1 Year CD
OTHER TIERS: 0.40% → $500 - $2.5k \| 0.45% → $2.5k - $10k
0.25%^*	$10k^*	-	182 Day CD
OTHER TIERS: 0.15% → $500 - $2.5k \| 0.20% → $2.5k - $10k
0.10%^*	$10k^*	-	91 Day CD
OTHER TIERS: 0.01% → $500 - $2.5k \| 0.05% → $2.5k - $10k

First Bank Elk River IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.05%^*	$10k^*	-	4 Year IRA
OTHER TIERS: 0.95% → $500 - $2.5k \| 1.00% → $2.5k - $10k
0.90%^*	$10k^*	-	3 Year IRA
OTHER TIERS: 0.80% → $500 - $2.5k \| 0.85% → $2.5k - $10k
0.75%^*	$2.5k^*	-	2 Year IRA
OTHER TIERS: 0.70% → $500 - $2.5k
0.65%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 0.55% → $500 - $2.5k \| 0.60% → $2.5k - $10k
0.50%^*	$10k^*	-	1 Year IRA
OTHER TIERS: 0.40% → $500 - $2.5k \| 0.45% → $2.5k - $10k
0.25%^*	$10k^*	-	182 Day IRA
OTHER TIERS: 0.15% → $500 - $2.5k \| 0.20% → $2.5k - $10k
0.10%^*	$10k^*	-	91 Day IRA
OTHER TIERS: 0.01% → $500 - $2.5k \| 0.05% → $2.5k - $10k

Locations

First Bank Elk River Locations
Anoka Branch	1121 West Highway 10	Anoka, MN 55303
Hassan Branch	13785 Rogers Drive	Rogers, MN 55374
Elk Park Center Branch	19157 Freeport Avenue	Elk River, MN 55330
The First National Bank Of Elk River	812 Main Street	Elk River, MN 55330

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