Minnesota First

Overview / Commentary

secure.mnfirst.com

507-289-0411

1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 270^th largest bank in the state of Minnesota. It is also the 5,126^th largest bank in the nation. It was established in 1956 and as of September of 2019, it had grown to 11 employees at 4 locations. Minnesota First's CD rates are 62% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q3 2019

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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 Established	1956
Employees	11
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.29%
Return on Equity - YTD	1.91%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$26.7MM$26.5MM
Loans	Q3 2019vs Q3 2018	$22.8MM$23.4MM
Deposits	Q3 2019vs Q3 2018	$21.2MM$21.5MM
Equity Capital	Q3 2019vs Q3 2018	$4.1MM$4.1MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$414.00K$419.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$93.00K$49.00K
Real Estate Owned	Q3 2019vs Q3 2018	$0$201.00K

Rates

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Savings
CD

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Always verify rates and promotions with the bank or credit union. We are not Minnesota First; 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.

† 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.17%^†	$500	$50k	60 Month CD
2.02%^†	$5k	$50k	23 Month CD Special
1.91%^†	$500	$50k	48 Month CD
1.86%^†	$5k	$50k	13 Month CD Special
1.76%^†	$500	$50k	36 Month CD
1.61%^†	$500	$50k	24 Month CD
1.51%^†	$500	$50k	18 Month CD
1.46%^†	$500	$50k	12 Month CD
1.20%^†	$500	$50k	6 Month CD
1.10%^†	$500	$50k	3 Month CD

Locations

Minnesota First Locations
Owatonna Branch	111 North Cedar	Owatonna, MN 55060
Red Wing	144 Tyler Road North	Red Wing, MN 55066
Winona Branch	1858 North Service Drive	Winona, MN 55987
Minnesota First Credit and Savings, Incorporated	1932 Viking Drive Northwest	Rochester, MN 55901

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