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First Independent Bank (MN)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.fibmn.com
507-823-4391
300 Front Street
Russell, MN 56169

First Independent Bank (MN) is headquartered in RUSSELL and is the 43rd largest bank in the state of Minnesota. It is also the 1,738th largest bank in the nation. It was established in 1903 and as of March of 2025, it had grown to 80 employees at 11 locations. First Independent Bank (MN) has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1900
Year Established1903
Employees80
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD11.74%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$524.4MM$519.5MM
LoansQ1 2025vs Q1 2024$342.9MM$306.8MM
DepositsQ1 2025vs Q1 2024$433.4MM$425.8MM
Equity CapitalQ1 2025vs Q1 2024$41.4MM$38.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$4.3MM$4.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$788K$1.3MM
Real Estate OwnedQ1 2025vs Q1 2024$33K$31K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates

Rates for First Independent Bank (MN) are currently being reviewed.

Locations

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