First Bank Elk River


Overview / Commentary
763-241-3637
812 Main Street
Elk River, MN 55330

First Bank Elk River is headquartered in Elk River and is the 59th largest bank in the state of Minnesota. It is also the 2,304th largest bank in the nation. It was established in 1907 and as of March of 2020, it had grown to 53 employees at 4 locations. First Bank Elk River has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5136
Year Established1907
Employees53
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.72%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$285.2MM$269.5MM
LoansQ1 2020vs Q1 2019$173.8MM$152.7MM
DepositsQ1 2020vs Q1 2019$211.5MM$209.8MM
Equity CapitalQ1 2020vs Q1 2019$29.9MM$28.7MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.7MM$1.5MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$543.00K$620.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$396.00K
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--First Friends Interest Checking
0.05%--Lifestyle Checking

First Bank Elk River CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$2.5k*-4 Year CD
OTHER TIERS: 1.21% $500 - $2.5k
1.16%*$2.5k*-3 Year CD
OTHER TIERS: 1.11% $500 - $2.5k
1.05%*$10k*-2 Year CD
OTHER TIERS: 0.95% $500 - $2.5k | 1.00% $2.5k - $10k
0.90%*$10k*-18 Month CD
OTHER TIERS: 0.80% $500 - $2.5k | 0.85% $2.5k - $10k
0.75%*$10k*-1 Year CD
OTHER TIERS: 0.65% $500 - $2.5k | 0.70% $2.5k - $10k
0.40%*$10k*-182 Day CD
OTHER TIERS: 0.30% $500 - $2.5k | 0.35% $2.5k - $10k
0.25%*$10k*-91 Day CD
OTHER TIERS: 0.15% $500 - $2.5k | 0.20% $2.5k - $10k

First Bank Elk River IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$2.5k*-4 Year IRA
OTHER TIERS: 1.21% $500 - $2.5k
1.16%*$2.5k*-3 Year IRA
OTHER TIERS: 1.11% $500 - $2.5k
1.05%*$10k*-2 Year IRA
OTHER TIERS: 0.95% $500 - $2.5k | 1.00% $2.5k - $10k
0.90%*$10k*-18 Month IRA
OTHER TIERS: 0.80% $500 - $2.5k | 0.85% $2.5k - $10k
0.75%*$10k*-1 Year IRA
OTHER TIERS: 0.65% $500 - $2.5k | 0.70% $2.5k - $10k
0.40%*$10k*-182 Day IRA
OTHER TIERS: 0.30% $500 - $2.5k | 0.35% $2.5k - $10k
0.25%*$10k*-91 Day IRA
OTHER TIERS: 0.15% $500 - $2.5k | 0.20% $2.5k - $10k
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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