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 117^th largest bank in the state of Minnesota. It is also the 3,206^th largest bank in the nation. It was established in 1905 and as of June of 2021, it had grown to 36 employees at 3 locations. New Market Bank has a B+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

B+

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1931
Year Established	1905
Employees	36
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.4%
Return on Equity - YTD	20.87%
Annual Interest Income	$2.9MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$189.7MM$159.8MM
Loans	Q2 2021vs Q2 2020	$93.9MM$99.9MM
Deposits	Q2 2021vs Q2 2020	$176.7MM$147.4MM
Equity Capital	Q2 2021vs Q2 2020	$12.5MM$10.7MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$1.4MM$966.00K
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$538.00K$648.00K
Real Estate Owned	Q2 2021vs Q2 2020	$765.00K$818.00K

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not New Market Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.