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Overview / Commentary
1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 290th largest bank in the state of Minnesota. It is also the 5,690th largest bank in the nation. It was established in 1956 and as of March of 2017, it had grown to 13 employees at 4 locations. Minnesota First has a B health rating.


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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

FDIC Certificate #26755
Year Established1956
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD5.25%
Annual Interest Income$475.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$27.7MM$27.9MM
LoansQ1 2017vs Q1 2016$25.0MM$24.9MM
DepositsQ1 2017vs Q1 2016$23.0MM$23.4MM
Equity CapitalQ1 2017vs Q1 2016$4.0MM$3.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$443.00K$445.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$78.00K$196.00K
Real Estate OwnedQ1 2017vs Q1 2016$85.00K$180.00K
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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

0.80%*$25k*-Little Savers
OTHER TIERS: 0.40% $20 - $1k | 0.55% $1k - $2,500 | 0.65% $2,500 - $25k
0.55%*$2,500*-Smart Savers
OTHER TIERS: 0.15% $200 - $1k | 0.30% $1k - $2,500
0.50%*$25k*-Regular Savings
OTHER TIERS: 0.15% $200 - $1k | 0.20% $1k - $2,500 | 0.35% $2,500 - $25k

Minnesota First CD Rates

1.71%$500-60 Month CD
1.41%$500-48 Month CD
1.26%$500-24 Month CD
1.26%$500-36 Month CD
1.05%$3k$50k15 Month Special CD
1.00%$500-18 Month CD
0.65%$500-12 Month CD
0.40%$500-6 Month CD
0.25%$500-3 Month CD

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 Drive NorthwestRochester, MN 55901