First Resource Bank (MN) is headquartered in LINO LAKES and is the 36th largest bank in the state of Minnesota. It is also the 1,521st largest bank in the nation. It was established in 2005 and as of June of 2024, it had grown to 59 employees at 6 locations. First Resource Bank (MN) has an A health rating.
| Overall | |
|---|---|
| FDIC Certificate # | 58039 |
| Year Established | 2005 |
| Employees | 59 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 7.85% |
| Annual Interest Income | $14.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $608.7MM$535.3MM |
| Loans | Q2 2024vs Q2 2023 | $521.9MM$454.2MM |
| Deposits | Q2 2024vs Q2 2023 | $468.6MM$429MM |
| Equity Capital | Q2 2024vs Q2 2023 | $52.8MM$49MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $5.7MM$5.1MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $61K$75K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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| First Resource Bank (MN) Locations | ||
|---|---|---|
| First Resource Bank | 7449 Village Dr | Lino Lakes, MN 55014 |
| Stillwater Branch | 1946 Washington Avenue | Stillwater, MN 55082 |
| Saint Croix Falls Branch | 2206 Glacier Dr | Saint Croix Falls, WI 54024 |
| Washington Avenue South Branch | 811 Washington Avenue South | Minneapolis, MN 55415 |