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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 55th largest bank in the state of Minnesota. It is also the 2,057th largest bank in the nation. It was established in 1907 and as of December of 2021, it had grown to 48 employees at 4 locations. First Bank Elk River 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 Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #5136
Year Established1907
Employees48
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD9.75%
Annual Interest Income$10.8MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$400.7MM$361.4MM
LoansQ4 2021vs Q4 2020$201.9MM$226.6MM
DepositsQ4 2021vs Q4 2020$312.4MM$268.5MM
Equity CapitalQ4 2021vs Q4 2020$32.0MM$31.8MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.0MM$1.9MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$3.8MM$507.00K
Real Estate OwnedQ4 2021vs Q4 2020$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
0.03%--First Dollars Savings
0.03%--Traditional Savings
0.02%--HSA Checking

First Bank Elk River Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Premium Money Market Savings
OTHER TIERS: 0.05% → Up to $25k | 0.10% → $25k - $100k | 0.15% → $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Lifestyle Checking
0.02%--First Friends Interest Checking

First Bank Elk River CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-4 Year CD
0.25%$500-3 Year CD
0.20%$500-2 Year CD
0.15%$500-18 Month CD
0.10%$500-1 Year CD
0.05%$500-182 Day CD
0.01%$500-91 Day CD

First Bank Elk River IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-4 Year IRA
0.25%$500-3 Year IRA
0.20%$500-2 Year IRA
0.15%$500-18 Month IRA
0.10%$500-1 Year IRA
0.05%$500-182 Day IRA
0.01%$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 StreetElk River, MN 55330

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