2. First Independent Bank (MN)

First Independent Bank (MN)

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
1.26%1-year CD
1.30% - National Average
0.15%Savings
2.10% - American Express National Bank High Yield Savings AccountAdvertisement
2.53%4-year CD
1.94% - National Average
View all First Independent Bank (MN) rates »

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 55th largest bank in the state of Minnesota. It is also the 2,263rd largest bank in the nation. It was established in 1903 and as of September 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 C+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
C+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1900
Year Established1903
Employees65
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD13.88%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$287.2MM$274.6MM
LoansQ3 2018vs Q3 2017$208.7MM$201.0MM
DepositsQ3 2018vs Q3 2017$216.1MM$223.0MM
Equity CapitalQ3 2018vs Q3 2017$31.3MM$31.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.6MM$3.7MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$4.9MM$2.3MM
Real Estate OwnedQ3 2018vs Q3 2017$599.00K$1.2MM
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First Independent Bank (MN); we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$10k*-Investment Checking
OTHER TIERS: 0.10% → $1.5k - $10k

First Independent Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$1k-48 Month Variable IRA
Locations


First Independent Bank (MN) Locations
The Buffalo Ridge Bank Branch101 North Main StreetBeardsley, MN 56211
Marshall Branch105 South MarketMarshall, MN 56258
State Bank Of Lucan Branch106 Main StreetLucan, MN 56255
Balaton Branch108 Third StreetBalaton, MN 56115
Detached Facility110 Third Street NorthHanley Falls, MN 56245
Wal-Mart Location Branch1221 East MainMarshall, MN 56258
First Independent Bank300 Front StreetRussell, MN 56169
Main Street - Ruthton BranchMain StreetRuthton, MN 56170
First Independent Bank Of Wood Lake Branch53 2nd AvenueWood Lake, MN 56297

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.