Minnesota First


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

Minnesota First is headquartered in Rochester and is the 271st largest bank in the state of Minnesota. It is also the 5,168th largest bank in the nation. It was established in 1956 and as of June 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
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
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD2.62%
Annual Interest Income$888.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$26.8MM$27.2MM
LoansQ2 2019vs Q2 2018$22.7MM$23.5MM
DepositsQ2 2019vs Q2 2018$21.3MM$22.2MM
Equity CapitalQ2 2019vs Q2 2018$4.1MM$4.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$427.00K$415.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$51.00K$145.00K
Real Estate OwnedQ2 2019vs Q2 2018$13.00K$219.00K
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 - $2.5k | 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.17%$500$50k60 Month CD
2.02%$5k$50k23 Month CD Special
1.91%$500$50k48 Month CD
1.86%$5k$50k13 Month CD Special
1.76%$500$50k36 Month CD
1.61%$500$50k24 Month CD
1.51%$500$50k18 Month CD
1.46%$500$50k12 Month CD
1.20%$500$50k6 Month CD
1.10%$500$50k3 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

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