Foresight Bank

Overview / Commentary

www.foresight.bank

507-534-3131

138 West Broadway
Plainview, MN 55964-1236

Foresight Bank is headquartered in Plainview and is the 75^th largest bank in the state of Minnesota. It is also the 2,425^th largest bank in the nation. It was established in 1902 and as of March of 2022, it had grown to 45 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 Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	5229
Year Established	1902
Employees	45
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.17%
Return on Equity - YTD	12.05%
Annual Interest Income	$3.0MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$314.1MM$296.0MM
Loans	Q1 2022vs Q1 2021	$229.1MM$212.4MM
Deposits	Q1 2022vs Q1 2021	$272.3MM$250.2MM
Equity Capital	Q1 2022vs Q1 2021	$28.5MM$29.6MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$2.5MM$2.5MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$2.1MM$2.3MM
Real Estate Owned	Q1 2022vs Q1 2021	$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
OTHER TIERS: 0.20% → $1k - $2.5k \| 0.25% → $2.5k - $25k
0.30%^*	$40k^*	-	Hi-Interest Savings
OTHER TIERS: 0.25% → $1 - $40k
0.30%^*	$25k^*	-	HSA eAccount
OTHER TIERS: 0.15% → $1k - $2.5k \| 0.20% → $2.5k - $25k
0.30%^*	$40k^*	-	Foresight Savings
OTHER TIERS: 0.25% → $1 - $40k

Foresight Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.70%^*	$500k^*	-	Money Market Savings
OTHER TIERS: 0.40% → $1 - $40k \| 0.45% → $40k - $100k \| 0.50% → $100k - $250k \| 0.60% → $250k - $500k

Foresight Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$500k^*	-	Business Strategy Checking
OTHER TIERS: 0.10% → $100k - $1m \| 0.50% → $250k - $500k
0.15%^*	$2.5k^*	-	Interest Checking
OTHER TIERS: 0.10% → $1k - $2.5k
0.15%^*	$2.5k^*	-	Business Progress Checking
OTHER TIERS: 0.10% → $1k - $2.5k
0.15%^*	$2.5k^*	-	Classic Club (55+) Checking
OTHER TIERS: 0.10% → $1k - $2.5k

Foresight Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.31%^*	$100k^*	-	60 Month CD
OTHER TIERS: 1.15% → $500 - $10k \| 1.21% → $10k - $40k \| 1.26% → $40k - $100k
1.31%^*	$100k^*	-	72 Month Bump-Up CD
OTHER TIERS: 1.15% → $500 - $10k \| 1.21% → $10k - $40k \| 1.26% → $40k - $100k
1.10%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.95% → $500 - $10k \| 1.00% → $10k - $40k \| 1.05% → $40k - $100k
1.00%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.85% → $500 - $10k \| 0.90% → $10k - $40k \| 0.95% → $40k - $100k
0.95%^*	$100k^*	-	17 Month CD Special
OTHER TIERS: 0.90% → $10k - $100k
0.80%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.65% → $500 - $10k \| 0.70% → $10k - $40k \| 0.75% → $40k - $100k
0.70%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.55% → $500 - $10k \| 0.60% → $10k - $40k \| 0.65% → $40k - $100k
0.45%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.30% → $500 - $10k \| 0.35% → $10k - $40k \| 0.40% → $40k - $100k
0.25%	$500	-	3 Month CD
0.20%	$500	-	1 Month CD

Foresight Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.31%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 1.15% → $500 - $10k \| 1.21% → $10k - $40k \| 1.26% → $40k - $100k
1.31%^*	$100k^*	-	72 Month Bump-Up IRA
OTHER TIERS: 1.15% → $500 - $10k \| 1.21% → $10k - $40k \| 1.26% → $40k - $100k
1.10%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.95% → $500 - $10k \| 1.00% → $10k - $40k \| 1.05% → $40k - $100k
1.00%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.85% → $500 - $10k \| 0.90% → $10k - $40k \| 0.95% → $40k - $100k
0.85%^*	$100k^*	-	18 Month Variable IRA
OTHER TIERS: 0.70% → $200 - $10k \| 0.75% → $10k - $40k \| 0.80% → $40k - $100k
0.80%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.65% → $500 - $10k \| 0.70% → $10k - $40k \| 0.75% → $40k - $100k

Locations

Foresight Bank Locations
Foresight Bank	138 West Broadway	Plainview, MN 55964
Highway 52 Branch	1921 Highway 52 North	Rochester, MN 55901

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