First Independent Bank (MN)
LOCATIONS
9
View locations
HEALTH RATING
A
View health report
CURRENT TOP RATE
1.51% APY
48 Month Variable IRA (Traditional, Roth, CESA)
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.35% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.15% | Savings | Statement Savings 1.15% - CIT Bank Spring Savings |
| 1.00% | 4-year CD | 48 Month CD |
Overview / Commentary
First Independent Bank (MN) is headquartered in Russell and is the 54th largest bank in the state of Minnesota. It is also the 2,380th largest bank in the nation. It was established in 1903 and as of March of 2017, it had grown to 66 employees at 9 locations. First Independent Bank (MN) has an A health rating.
Health
A
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1900 |
| Year Established | 1903 |
| Employees | 66 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.92% |
| Return on Equity - YTD | 17.43% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $272.0MM$282.2MM |
| Loans | Q1 2017vs Q1 2016 | $195.5MM$207.2MM |
| Deposits | Q1 2017vs Q1 2016 | $232.1MM$228.8MM |
| Equity Capital | Q1 2017vs Q1 2016 | $31.5MM$28.2MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $3.8MM$3.4MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.9MM$2.1MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $679.00K$624.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
First Independent Bank (MN) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $25k* | - | Investment Savings | ||
| OTHER TIERS: 0.15% → Up to $5k | 0.25% → $5k - $25k | |||||
| 0.15% | - | - | Statement Savings | ||
First Independent Bank (MN) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $10k* | - | Investment Checking | ||
| OTHER TIERS: 0.10% → $1,500 - $10k | |||||
First Independent Bank (MN) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $500 | - | 48 Month CD | |
| 0.85% | $500 | - | 30 Month CD | |
| 0.60% | $500 | - | 18 Month CD | |
| 0.35% | $2,500 | - | 6 Month CD | |
| 0.35% | $500 | - | 12 Month CD | |
| 0.25% | $2,500 | - | 3 Month CD |
First Independent Bank (MN) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $1k | - | 48 Month Variable IRA |
Locations
| First Independent Bank (MN) Locations | ||
|---|---|---|
| The Buffalo Ridge Bank Branch | 101 North Main Street | Beardsley, MN 56211 |
| Marshall Branch | 105 South Market | Marshall, MN 56258 |
| State Bank Of Lucan Branch | 106 Main Street | Lucan, MN 56255 |
| Balaton Branch | 108 Third Street | Balaton, MN 56115 |
| Detached Facility | 110 Third Street North | Hanley Falls, MN 56245 |
| Wal-Mart Location Branch | 1221 East Main | Marshall, MN 56258 |
| First Independent Bank | 300 Front Street | Russell, MN 56169 |
| Main Street - Ruthton Branch | Main Street | Ruthton, MN 56170 |
| First Independent Bank Of Wood Lake Branch | 53 2nd Avenue | Wood Lake, MN 56297 |