New Market Bank is headquartered in Elko New Market and is the 123rd largest bank in the state of Minnesota. It is also the 3,329th 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.
Overall | |
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FDIC Certificate # | 1931 |
Year Established | 1905 |
Employees | 34 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.26% |
Return on Equity - YTD | 16.9% |
Annual Interest Income | $5.8MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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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 Locations | ||
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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 |