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Overview / Commentary
952-461-4636
461 Main Street
Elko New Market, MN 55054

New Market Bank is headquartered in Elko New Market and is the 162nd largest bank in the state of Minnesota. It is also the 4,462nd largest bank in the nation. It was established in 1905 and as of March of 2016, it had grown to 21 employees at 4 locations. New Market Bank has a C+ health rating.

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Health
C+
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. New Market Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #1931
Year Established1905
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.73%
Annual Interest Income$758.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$99.8MM$93.3MM
LoansQ1 2016vs Q1 2015$51.2MM$47.8MM
DepositsQ1 2016vs Q1 2015$91.3MM$84.9MM
Equity CapitalQ1 2016vs Q1 2015$8.2MM$8.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$955.00K$1.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$494.00K$365.00K
Real Estate OwnedQ1 2016vs Q1 2015$2.6MM$3.1MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$250k*-Premium Savings
OTHER TIERS: 0.08% Up to $10k | 0.10% $10k - $25k | 0.18% $25k - $50k | 0.23% $50k - $100k | 0.30% $100k - $250k
0.15%*$10k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $10k
0.05%--Regular Savings

New Market Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Money Market Savings
OTHER TIERS: 0.05% Up to $1k | 0.08% $1k - $10k | 0.10% $10k - $25k

New Market Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*-$10kYour Choice Rewards
OTHER TIERS: 0.07% $10k+
0.10%*$10k*-Prestige Gold
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $10k
0.10%*$10k*-Your Choice VIP
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $10k
0.03%--Prestige Plus

New Market Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-60 Month CD
0.80%$500-48 Month CD
0.60%$500-36 Month CD
0.40%$500-24 Month CD
0.25%$1k-18 Month CD
0.15%$1k-12 Month CD
0.12%$1k-9 Month CD
0.10%$2,500-6 Month CD
0.08%$2,500-3 Month CD
Locations


New Market Bank Locations
Lake Marion Branch20151 Icenic TrailLakeville, MN 55044
New Market Bank461 Main StreetElko New Market, MN 55054
Prior Lake Branch4719 Park Nicollet Ave Se Suite 100Prior Lake, MN 55372
Kendrick Branch11175 205th St WLakeville, MN 55044