Minnesota First


Overview / Commentary
507-289-0411
1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 262nd largest bank in the state of Minnesota. It is also the 4,712th largest bank in the nation. It was established in 1956 and as of June of 2022, it had grown to 9 employees at 4 locations. Minnesota First has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Minnesota First has a low asset base.

Health Grade Components

Overall
FDIC Certificate #26755
Year Established1956
Employees9
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD3.4%
Annual Interest Income$758.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$24.8MM$25.3MM
LoansQ2 2022vs Q2 2021$22.0MM$21.3MM
DepositsQ2 2022vs Q2 2021$19.7MM$20.2MM
Equity CapitalQ2 2022vs Q2 2021$4.2MM$4.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$404.00K$396.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$157.00K$74.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Minnesota First Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$25k*-Little Savers
OTHER TIERS: 0.40% $20 - $1k | 0.55% $1k - $2.5k | 0.65% $2.5k - $25k
0.50%*$25k*-Regular Savings
OTHER TIERS: 0.15% $200 - $1k | 0.20% $1k - $2.5k | 0.35% $2.5k - $25k

Minnesota First CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500$50k60 Month CD
1.00%$500$50k48 Month CD
0.90%$500$50k36 Month CD
0.85%$5k-22 Month CD Special
0.75%$500$50k24 Month CD
0.75%$5k-17 Month CD Special
0.65%$5k$50k13 Month CD Special
0.60%$500$50k18 Month CD
0.50%$500$50k12 Month CD
0.30%$500$50k6 Month CD
0.25%$500$50k3 Month CD
Locations


Minnesota First Locations
Owatonna Branch111 North CedarOwatonna, MN 55060
Red Wing144 Tyler Road NorthRed Wing, MN 55066
Winona Branch1858 North Service DriveWinona, MN 55987
Minnesota First Credit and Savings, Incorporated1932 Viking Dr NwRochester, MN 55901

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