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First National Bank of Elk River


Overview / Commentary
763-241-3637
812 Main Street
Elk River, MN 55330

First National Bank of Elk River is headquartered in Elk River and is the 63rd largest bank in the state of Minnesota. It is also the 2,382nd largest bank in the nation. It was established in 1907 and as of March of 2019, it had grown to 56 employees at 4 locations. First National Bank of Elk River's CD rates are 11% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5136
Year Established1907
Employees56
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.56%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$269.5MM$270.3MM
LoansQ1 2019vs Q1 2018$152.7MM$151.2MM
DepositsQ1 2019vs Q1 2018$209.8MM$202.9MM
Equity CapitalQ1 2019vs Q1 2018$28.7MM$24.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$1.5MM$1.5MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$620.00K$146.00K
Real Estate OwnedQ1 2019vs Q1 2018$396.00K$2.2MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First National Bank of Elk River; 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 National Bank of Elk River Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$10k*-HSA Checking
OTHER TIERS: 0.02% Up to $10k
0.05%--First Dollars Savings
0.05%--Traditional Savings

First National Bank of Elk River Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$250k*-Premium Money Market Savings
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.20% $50k - $100k | 0.35% $100k - $250k
0.20%*$25k*-Money Market Savings
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $5k | 0.15% $5k - $25k

First National Bank of Elk River Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--First Friends Interest Checking
0.05%--Lifestyle Checking

First National Bank of Elk River CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%$500-4 Year CD
2.27%*$10k*-3 Year CD
OTHER TIERS: 2.17% $500 - $2.5k | 2.22% $2.5k - $10k
1.31%*$10k*-2 Year CD
OTHER TIERS: 1.21% $500 - $2.5k | 1.26% $2.5k - $10k
1.15%*$10k*-18 Month CD
OTHER TIERS: 1.05% $500 - $2.5k | 1.10% $2.5k - $10k
1.00%*$10k*-1 Year CD
OTHER TIERS: 0.90% $500 - $2.5k | 0.95% $2.5k - $10k
0.65%*$10k*-182 Day CD
OTHER TIERS: 0.55% $500 - $2.5k | 0.60% $2.5k - $10k
0.50%*$10k*-91 Day CD
OTHER TIERS: 0.40% $500 - $2.5k | 0.45% $2.5k - $10k

First National Bank of Elk River IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%$500-4 Year IRA
2.27%*$10k*-3 Year IRA
OTHER TIERS: 2.17% $500 - $2.5k | 2.22% $2.5k - $10k
1.31%*$10k*-2 Year IRA
OTHER TIERS: 1.21% $500 - $2.5k | 1.26% $2.5k - $10k
1.15%*$10k*-18 Month IRA
OTHER TIERS: 1.05% $500 - $2.5k | 1.10% $2.5k - $10k
1.00%*$10k*-1 Year IRA
OTHER TIERS: 0.90% $500 - $2.5k | 0.95% $2.5k - $10k
0.65%*$10k*-182 Day IRA
OTHER TIERS: 0.55% $500 - $2.5k | 0.60% $2.5k - $10k
0.50%*$10k*-91 Day IRA
OTHER TIERS: 0.40% $500 - $2.5k | 0.45% $2.5k - $10k
Locations


First National Bank of Elk River Locations
Anoka Branch1121 West Highway 10Anoka, MN 55303
Hassan Branch13785 Rogers DriveRogers, MN 55374
Elk Park Center Branch19157 Freeport AvenueElk River, MN 55330
The First National Bank Of Elk River812 Main StreetElk River, MN 55330

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