First Independent Bank (MN)

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LOCATIONS

48 Month Variable IRA (Traditional, Roth, CESA)

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.35%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.15%	Savings	Statement Savings 1.00% - Ally Bank Online Savings Account
1.00%	4-year CD	48 Month CD 1.40% - Ally Bank Raise Your Rate 4-Year CD

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Overview / Commentary

www.fibmn.com

888-823-4300

300 Front Street
Russell, MN 56169

First Independent Bank (MN) is headquartered in Russell and is the 53^rd largest bank in the state of Minnesota. It is also the 2,379^th largest bank in the nation. It was established in 1903 and as of June of 2016, it had grown to 72 employees at 10 locations. First Independent Bank (MN) has a B+ health rating.

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Health

B+

Data as of Q2 2016

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Health Grade Components

Overall
FDIC Certificate #	1900
Year Established	1903
Employees	72
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.52%
Return on Equity - YTD	14.93%
Annual Interest Income	$6.3MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$272.4MM$283.6MM
Loans	Q2 2016vs Q2 2015	$203.7MM$206.8MM
Deposits	Q2 2016vs Q2 2015	$228.2MM$227.2MM
Equity Capital	Q2 2016vs Q2 2015	$30.1MM$26.1MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$3.5MM$3.4MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$2.5MM$1.8MM
Real Estate Owned	Q2 2016vs Q2 2015	$604.00K$651.00K

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 Independent Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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
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
1.26%	$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
Marshall Branch	1221 East Main Street	Marshall, MN 56258