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Overview / Commentary
1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 285th largest bank in the state of Minnesota. It is also the 5,506th largest bank in the nation. It was established in 1956 and as of December of 2017, it had grown to 12 employees at 4 locations. Minnesota First's CD rates are 46% higher than the national average, and it 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 - YTD0.73%
Return on Equity - YTD5.05%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$28.2MM$27.9MM
LoansQ4 2017vs Q4 2016$24.4MM$24.7MM
DepositsQ4 2017vs Q4 2016$23.2MM$23.2MM
Equity CapitalQ4 2017vs Q4 2016$4.1MM$4.1MM
Loan Loss AllowanceQ4 2017vs Q4 2016$426.00K$442.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$270.00K$23.00K
Real Estate OwnedQ4 2017vs Q4 2016$85.00K$85.00K
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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
0.50%*$25k*-Regular Savings
OTHER TIERS: 0.15% $200 - $1k | 0.20% $1k - $2,500 | 0.35% $2,500 - $25k

Minnesota First CD Rates

2.37%$500-60 Month CD
2.22%$500-48 Month CD
2.07%$5k-22 Month CD Special
2.02%$500-36 Month CD
1.76%$5k-17 Month CD Special
1.61%$5k-14 Month CD Special
1.56%$500-24 Month CD
1.46%$500-18 Month CD
1.31%$500-12 Month CD
0.90%$500-6 Month CD
0.60%$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