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 60th largest bank in the state of Minnesota. It is also the 2,180th largest bank in the nation. It was established in 1907 and as of June of 2022, it had grown to 46 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 - YTD0.71%
Return on Equity - YTD10.39%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$366.5MM$376.3MM
LoansQ2 2022vs Q2 2021$214.2MM$216.0MM
DepositsQ2 2022vs Q2 2021$312.3MM$288.1MM
Equity CapitalQ2 2022vs Q2 2021$21.5MM$32.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.0MM$1.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$56.00K$532.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for First Bank Elk River are currently being reviewed.


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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