New Market Bank


Overview / Commentary
952-469-1600
101 Old Town Road
Elko New Market, MN 55054

New Market Bank is headquartered in ELKO NEW MARKET and is the 123rd largest bank in the state of Minnesota. It is also the 3,187th largest bank in the nation. It was established in 1905 and as of September of 2024, it had grown to 36 employees at 3 locations. New Market Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #1931
Year Established1905
Employees36
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD10.01%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$179.2MM$188.9MM
LoansQ3 2024vs Q3 2023$110.6MM$112.5MM
DepositsQ3 2024vs Q3 2023$163.2MM$169.1MM
Equity CapitalQ3 2024vs Q3 2023$14.9MM$11.6MM
Loan Loss AllowanceQ3 2024vs Q3 2023$1.4MM$1.4MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$0$0
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

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Locations


New Market Bank Locations
Lake Marion Branch20151 Icenic TrailLakeville, MN 55044
New Market Bank101 Old Town RdElko New Market, MN 55054
Prior Lake Branch4719 Park Nicollet Ave Se Suite 100Prior Lake, MN 55372

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