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 57th largest bank in the state of Minnesota. It is also the 2,122nd largest bank in the nation. It was established in 1907 and as of June of 2021, it had grown to 47 employees at 4 locations. First Bank Elk River has an A 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 - YTD0.76%
Return on Equity - YTD8.92%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$376.3MM$333.1MM
LoansQ2 2021vs Q2 2020$216.0MM$210.4MM
DepositsQ2 2021vs Q2 2020$288.1MM$249.2MM
Equity CapitalQ2 2021vs Q2 2020$32.3MM$30.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.9MM$1.7MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$532.00K$532.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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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

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

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

0.10%--First Friends Interest Checking
0.05%--Lifestyle Checking

First Bank Elk River CD Rates

0.65%$500-4 Year CD
0.55%$500-3 Year CD
0.40%$500-2 Year CD
0.35%$500-18 Month CD
0.30%$500-1 Year CD
0.10%$500-182 Day CD
0.05%*$2.5k*-91 Day CD
OTHER TIERS: 0.01% $500 - $2.5k

First Bank Elk River IRA Rates

0.65%$500-4 Year IRA
0.55%$500-3 Year IRA
0.40%$500-2 Year IRA
0.35%$500-18 Month IRA
0.30%$500-1 Year IRA
0.10%$500-182 Day IRA
0.05%*$2.5k*-91 Day IRA
OTHER TIERS: 0.01% $500 - $2.5k

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 StreetElk River, MN 55330

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