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 269^th largest bank in the state of Minnesota. It is also the 5,226^th largest bank in the nation. It was established in 1956 and as of March of 2019, it had grown to 11 employees at 4 locations. Minnesota First's CD rates are 82% higher than the national average, and it has a B health rating.

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Health

Data as of Q1 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	0.52%
Return on Equity - YTD	3.39%
Annual Interest Income	$448.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$26.9MM$27.5MM
Loans	Q1 2019vs Q1 2018	$23.0MM$24.1MM
Deposits	Q1 2019vs Q1 2018	$21.4MM$22.5MM
Equity Capital	Q1 2019vs Q1 2018	$4.1MM$4.1MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$425.00K$418.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$26.00K$245.00K
Real Estate Owned	Q1 2019vs Q1 2018	$117.00K$85.00K

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
2.60%^†	$5k	-	16 Month CD Special
2.58%^†	$500	-	60 Month CD
2.43%^†	$500	-	48 Month CD
2.38%^†	$5k	-	23 Month CD Special
2.33%^†	$500	-	36 Month CD
2.28%^†	$5k	-	13 Month CD Special
2.23%^†	$500	-	24 Month CD
1.79%^†	$500	-	18 Month CD
1.64%^†	$500	-	12 Month CD
1.35%^†	$500	-	6 Month CD
1.25%^†	$500	-	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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