New Market Bank

Overview / Commentary
101 Old Town Road
Elko New Market, MN 55054

New Market Bank is headquartered in Elko New Market and is the 120th largest bank in the state of Minnesota. It is also the 3,225th largest bank in the nation. It was established in 1905 and as of September of 2021, it had grown to 34 employees at 3 locations. New Market Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #1931
Year Established1905
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD16.46%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$186.3MM$157.5MM
LoansQ3 2021vs Q3 2020$88.0MM$101.1MM
DepositsQ3 2021vs Q3 2020$173.1MM$144.4MM
Equity CapitalQ3 2021vs Q3 2020$12.7MM$11.5MM
Loan Loss AllowanceQ3 2021vs Q3 2020$1.4MM$1.1MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$505.00K$615.00K
Real Estate OwnedQ3 2021vs Q3 2020$765.00K$765.00K
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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

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
0.05%--Business Regular Savings

New Market Bank Money Market Rates

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
0.19%*$50k*-Business 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

1.71%*-$10kYour 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

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

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%$1k-18 Month IRA
0.15%$1k-12 Month IRA
0.10%$1k-9 Month IRA
0.08%$2.5k-6 Month IRA
0.03%$2.5k-3 Month IRA

New Market Bank Locations
Lake Marion Branch20151 Icenic TrailLakeville, MN 55044
New Market Bank101 Old Town RoadElko New Market, MN 55020
Prior Lake Branch4719 Park Nicollet Ave Se Suite 100Prior Lake, MN 55372

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