First Independent Bank (MN)

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 58^th largest bank in the state of Minnesota. It is also the 2,249^th largest bank in the nation. It was established in 1903 and as of December of 2018, it had grown to 65 employees at 9 locations. First Independent Bank (MN)'s CD rates are 40% higher than the national average, and it has a B health rating.

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Health

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #	1900
Year Established	1903
Employees	65
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.49%
Return on Equity - YTD	13.57%
Annual Interest Income	$12.9MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$288.3MM$287.5MM
Loans	Q4 2018vs Q4 2017	$208.3MM$207.7MM
Deposits	Q4 2018vs Q4 2017	$226.0MM$227.5MM
Equity Capital	Q4 2018vs Q4 2017	$32.4MM$31.2MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$3.6MM$3.7MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$4.3MM$3.2MM
Real Estate Owned	Q4 2018vs Q4 2017	$558.00K$1.1MM

Rates

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Savings
Checking
CD
IRA

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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% → $1.5k - $10k

First Independent Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%	$500	-	48 Month CD
2.12%	$500	-	17 Month CD Special
2.07%	$500	-	13 Month CD Special
2.02%	$500	-	18 Month CD
2.02%	$500	-	30 Month CD
1.26%	$500	-	12 Month CD
0.75%	$2.5k	-	6 Month CD
0.50%	$2.5k	-	3 Month CD

First Independent Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.03%	$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

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