Foresight Bank

Overview / Commentary

www.foresight.bank

507-534-3131

138 West Broadway
Plainview, MN 55964

Foresight Bank is headquartered in Plainview and is the 69^th largest bank in the state of Minnesota. It is also the 2,421^st largest bank in the nation. It was established in 1902 and as of December of 2019, it had grown to 40 employees at 2 locations. Foresight Bank's money market rates are 59% higher than the national average, and it has an A health rating.

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Health

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	5229
Year Established	1902
Employees	40
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.37%
Return on Equity - YTD	14.01%
Annual Interest Income	$12.1MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$262.5MM$245.8MM
Loans	Q4 2019vs Q4 2018	$195.2MM$184.3MM
Deposits	Q4 2019vs Q4 2018	$222.8MM$202.4MM
Equity Capital	Q4 2019vs Q4 2018	$26.3MM$22.6MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$2.3MM$2.1MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$2.2MM$1.4MM
Real Estate Owned	Q4 2019vs Q4 2018	$0$0

Rates

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Savings
Money Market
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.

Foresight Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$25k^*	-	HSA eAccount
OTHER TIERS: 0.25% → $2.5k - $25k
0.35%^*	$25k^*	-	HSA
OTHER TIERS: 0.15% → $2.5k - $25k
0.10%^*	$40k^*	-	Hi-Interest Savings
OTHER TIERS: 0.05% → $1 - $40k
0.10%^*	$40k^*	-	Foresight Savings
OTHER TIERS: 0.05% → $1 - $40k
0.05%	$1	-	Horizon Savings

Foresight Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.70%^*	$500k^*	-	Money Market Savings
OTHER TIERS: 0.40% → $5k - $40k \| 0.45% → $40k - $100k \| 0.50% → $100k - $250k \| 0.60% → $250k - $500k

Foresight Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$500k^*	-	Business Strategy Checking
OTHER TIERS: 0.05% → $100k - $250k \| 0.60% → $250k - $500k
0.05%	$2.5k	-	Interest Checking
0.05%	$2.5k	-	Business Progress Checking
0.05%	$2.5k	-	Classic Club (55+) Checking

Foresight Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.21%^*	$100k^*	-	60 Month CD
OTHER TIERS: 1.05% → $500 - $10k \| 1.10% → $10k - $40k \| 1.15% → $40k - $100k
1.21%^*	$100k^*	-	72 Month Bump-Up CD
OTHER TIERS: 1.05% → $500 - $10k \| 1.10% → $10k - $40k \| 1.15% → $40k - $100k
1.21%^*	$100k^*	-	17 Month CD Special
OTHER TIERS: 1.11% → $10k - $100k
1.10%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.95% → $500 - $10k \| 1.00% → $10k - $40k \| 1.05% → $40k - $100k
1.08%	$200	-	60 Month Goal Saver CD
1.05%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.90% → $500 - $10k \| 0.95% → $10k - $40k \| 1.00% → $40k - $100k
1.00%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.85% → $500 - $10k \| 0.90% → $10k - $40k \| 0.95% → $40k - $100k
0.95%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.80% → $500 - $10k \| 0.85% → $10k - $40k \| 0.90% → $40k - $100k
0.40%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.25% → $500 - $10k \| 0.30% → $10k - $40k \| 0.35% → $40k - $100k
0.33%	$200	-	12 Month Goal Saver CD
0.25%	$500	-	1 Month CD
0.25%	$500	-	3 Month CD

Foresight Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.21%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 1.05% → $500 - $10k \| 1.10% → $10k - $40k \| 1.15% → $40k - $100k
1.21%^*	$100k^*	-	72 Month Bump-Up IRA
OTHER TIERS: 1.05% → $500 - $10k \| 1.10% → $10k - $40k \| 1.15% → $40k - $100k
1.10%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.95% → $500 - $10k \| 1.00% → $10k - $40k \| 1.05% → $40k - $100k
1.05%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.90% → $500 - $10k \| 0.95% → $10k - $40k \| 1.00% → $40k - $100k
1.00%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.85% → $500 - $10k \| 0.90% → $10k - $40k \| 0.95% → $40k - $100k
0.90%^*	$100k^*	-	18 Month Variable IRA
OTHER TIERS: 0.75% → $200 - $10k \| 0.80% → $10k - $40k \| 0.85% → $40k - $100k

Locations

Foresight Bank Locations
Foresight Bank	138 West Broadway	Plainview, MN 55964
Foresight Bank - Rochester Branch	2660 Superior Drive Nw	Rochester, MN 55901

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