Minnesota First


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

Minnesota First is headquartered in ROCHESTER and is the 236th largest bank in the state of Minnesota. It is also the 4,372nd largest bank in the nation. It was established in 1956 and as of March of 2025, it had grown to 8 employees at 4 locations. Minnesota First has a B+ health rating.

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Health
B+
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
Employees8
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.13%
Return on Equity - YTD0.87%
Annual Interest Income$487K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$27.4MM$25.4MM
LoansQ1 2025vs Q1 2024$23.5MM$22.3MM
DepositsQ1 2025vs Q1 2024$22.1MM$19.1MM
Equity CapitalQ1 2025vs Q1 2024$4.1MM$4.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$409K$409K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$28K$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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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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