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Minnesota First

Overview / Commentary
1932 Viking Drive Northwest
Rochester, MN 55901

Minnesota First is headquartered in Rochester and is the 269th largest bank in the state of Minnesota. It is also the 5,226th largest bank in the nation. It was established in 1956 and as of March of 2019, it had grown to 11 employees at 4 locations. Minnesota First's CD rates are 82% 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 - YTD0.52%
Return on Equity - YTD3.39%
Annual Interest Income$448.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$26.9MM$27.5MM
LoansQ1 2019vs Q1 2018$23.0MM$24.1MM
DepositsQ1 2019vs Q1 2018$21.4MM$22.5MM
Equity CapitalQ1 2019vs Q1 2018$4.1MM$4.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$425.00K$418.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$26.00K$245.00K
Real Estate OwnedQ1 2019vs Q1 2018$117.00K$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 - $2.5k | 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

2.60%$5k-16 Month CD Special
2.58%$500-60 Month CD
2.43%$500-48 Month CD
2.38%$5k-23 Month CD Special
2.33%$500-36 Month CD
2.28%$5k-13 Month CD Special
2.23%$500-24 Month CD
1.79%$500-18 Month CD
1.64%$500-12 Month CD
1.35%$500-6 Month CD
1.25%$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

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