State Bank of Faribault is headquartered in FARIBAULT and is the 78th largest bank in the state of Minnesota. It is also the 2,450th largest bank in the nation. It was established in 1919 and as of March of 2025, it had grown to 45 employees at 3 locations. State Bank of Faribault's savings rates are 44% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 1610 |
Year Established | 1919 |
Employees | 45 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.71% |
Return on Equity - YTD | 13.05% |
Annual Interest Income | $3.8MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $312.2MM$299MM |
Loans | Q1 2025vs Q1 2024 | $167.8MM$156.5MM |
Deposits | Q1 2025vs Q1 2024 | $290.9MM$281.8MM |
Equity Capital | Q1 2025vs Q1 2024 | $17.4MM$13.6MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $3.4MM$3.1MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $30K$0 |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$281K |
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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 |
---|---|---|---|---|
2.25% | $1k | - | 72 Month CD | |
2.00% | $1k | - | 60 Month CD | |
2.00% | $2.5k | - | 39 Month Change a Rate CD | |
1.75% | $1k | - | 48 Month CD | |
1.15% | $1k | - | 36 Month CD | |
1.00% | $1k | - | 24 Month CD | |
0.65% | $1k | - | 12 Month CD |
State Bank of Faribault Locations | ||
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Faribault Branch | 202 Western Avenue | Faribault, MN 55021 |
The State Bank Of Faribault | 428 Central Ave N | Faribault, MN 55021 |
Prior Lake Branch | 6867 Boudin Street Ne | Prior Lake, MN 55372 |