New Market Bank

Overview / Commentary

www.newmarketbank.com

952-469-1600

101 Old Town Road
Elko New Market, MN 55054

New Market Bank is headquartered in Elko New Market and is the 123^rd largest bank in the state of Minnesota. It is also the 3,329^th largest bank in the nation. It was established in 1905 and as of December of 2020, it had grown to 34 employees at 3 locations. New Market Bank has a B+ health rating.

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Health

B+

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #	1931
Year Established	1905
Employees	34
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.26%
Return on Equity - YTD	16.9%
Annual Interest Income	$5.8MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$166.7MM$115.3MM
Loans	Q4 2020vs Q4 2019	$93.4MM$74.2MM
Deposits	Q4 2020vs Q4 2019	$153.6MM$105.1MM
Equity Capital	Q4 2020vs Q4 2019	$11.5MM$9.6MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$1.4MM$864.00K
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$582.00K$634.00K
Real Estate Owned	Q4 2020vs Q4 2019	$765.00K$829.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Market Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.33%^*	$250k^*	-	Premium Savings
OTHER TIERS: 0.08% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $100k \| 0.28% → $100k - $250k
0.10%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.03% → Up to $1k \| 0.08% → $1k - $10k
0.05%	-	-	Regular Savings

New Market Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.19%^*	$50k^*	-	Money Market Savings
OTHER TIERS: 0.05% → Up to $1k \| 0.08% → $1k - $10k \| 0.10% → $10k - $25k \| 0.12% → $25k - $50k

New Market Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.71%^*	-	$10k	Your Choice Rewards
OTHER TIERS: 0.05% → $10k+
0.08%^*	$10k^*	-	Prestige Gold
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $10k
0.08%^*	$10k^*	-	Your Choice VIP
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $10k
0.08%^*	$10k^*	-	Non-Profit Business Checking
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $10k
0.02%	-	-	Prestige Plus

New Market Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	60 Month CD
0.45%	$500	-	48 Month CD
0.35%	$500	-	36 Month CD
0.25%	$500	-	24 Month CD
0.20%	$1k	-	18 Month CD
0.15%	$1k	-	12 Month CD
0.10%	$1k	-	9 Month CD
0.08%	$2.5k	-	6 Month CD
0.03%	$2.5k	-	3 Month CD

New Market Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	60 Month IRA
0.45%	$500	-	48 Month IRA
0.35%	$500	-	36 Month IRA
0.25%	$500	-	24 Month IRA
0.20%	$500	-	18 Month IRA
0.15%	$500	-	12 Month IRA
0.10%	$500	-	9 Month IRA
0.08%	$500	-	6 Month IRA
0.03%	$500	-	3 Month IRA

Locations

New Market Bank Locations
Lake Marion Branch	20151 Icenic Trail	Lakeville, MN 55044
New Market Bank	101 Old Town Road	Elko New Market, MN 55020
Prior Lake Branch	4719 Park Nicollet Ave Se Suite 100	Prior Lake, MN 55372

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