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First Bank Elk River


Overview / Commentary
elkriver.bank
763-241-3637
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 2,248th largest bank in the nation. It was established in 1907 and as of March of 2023, it had grown to 48 employees at 4 locations. First Bank Elk River's CD rates are 2X the national average, and it has a B health rating.

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Reviews (1)

Savings Account And Service Charge

Posted by: |

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!

1


Health
B

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #5136
Year Established1907
Employees48
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD21.06%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$347.0MM$381.4MM
LoansQ1 2023vs Q1 2022$241.1MM$206.9MM
DepositsQ1 2023vs Q1 2022$286.0MM$309.7MM
Equity CapitalQ1 2023vs Q1 2022$19.3MM$25.4MM
Loan Loss AllowanceQ1 2023vs Q1 2022$2.3MM$2.0MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$20.00K$81.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--First Dollars Savings
0.10%--Traditional Savings
0.05%--HSA Checking

First Bank Elk River Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.07%--Lifestyle Checking
0.07%--First Friends Interest Checking

First Bank Elk River CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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

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