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Minnesota First

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.71%5-year CD60 Month CD
2.25% - Ally Bank High Yield 5 Year CDAdvertisement
0.65%1-year CD12 Month CD
1.35% - Ally Bank High Yield 12-Month CDAdvertisement
0.50%SavingsRegular Savings
1.05% - Ally Bank Online Savings AccountAdvertisement
View all Minnesota First rates »

Overview / Commentary
www.minnesota-first.com
800-646-6178
1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 289th largest bank in the state of Minnesota. It is also the 5,737th largest bank in the nation. It was established in 1956 and as of December of 2016, it had grown to 13 employees at 4 locations. Minnesota First has a B+ health rating.

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Health
B+

Data as of Q4 2016

Learn why bank health matters
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
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD4.27%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$27.9MM$28.2MM
LoansQ4 2016vs Q4 2015$24.7MM$25.2MM
DepositsQ4 2016vs Q4 2015$23.2MM$23.7MM
Equity CapitalQ4 2016vs Q4 2015$4.1MM$4.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$442.00K$442.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$23.00K$0
Real Estate OwnedQ4 2016vs Q4 2015$85.00K$180.00K
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 - $2,500 | 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
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 Drive NorthwestRochester, MN 55901