State Bank of Faribault

Overview / Commentary
428 Central Avenue
Faribault, MN 55021

State Bank of Faribault is headquartered in Faribault and is the 80th largest bank in the state of Minnesota. It is also the 2,528th largest bank in the nation. It was established in 1919 and as of September of 2021, it had grown to 48 employees at 3 locations. State Bank of Faribault has an A health rating.


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Health Grade Components

FDIC Certificate #1610
Year Established1919
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD14.67%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$294.5MM$262.0MM
LoansQ3 2021vs Q3 2020$141.8MM$146.1MM
DepositsQ3 2021vs Q3 2020$266.5MM$234.0MM
Equity CapitalQ3 2021vs Q3 2020$25.1MM$25.0MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.9MM$2.6MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$499.00K$249.00K
Real Estate OwnedQ3 2021vs Q3 2020$238.00K$245.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of Faribault Savings Account Rates

0.05%$100-Health Savings Account
0.01%--Select Savings

State Bank of Faribault Checking Account Rates

0.01%$750-Select Checking
0.01%--Rewards Checking Plus

State Bank of Faribault CD Rates

0.40%$1k-72 Month CD
0.35%$1k-48 Month CD
0.35%$1k-60 Month CD
0.30%$2.5k-39 Month Change a Rate CD
0.10%$1k-24 Month CD
0.10%$1k-36 Month CD
0.08%$1k-12 Month CD

State Bank of Faribault IRA Rates

0.40%$1k-72 Month IRA
0.35%$1k-48 Month IRA
0.35%$1k-60 Month IRA
0.30%$2.5k-39 Month Change a Rate IRA
0.10%$1k-24 Month IRA
0.10%$1k-36 Month IRA
0.08%$1k-12 Month IRA
0.05%$50-3 Month IRA Variable

State Bank of Faribault Locations
Faribault Branch202 Western AvenueFaribault, MN 55021
The State Bank Of Faribault428 Central AvenueFaribault, MN 55021
Prior Lake Branch6867 Boudin Street NePrior Lake, MN 55372

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