State Bank of Faribault

Overview / Commentary
428 Central Avenue
Faribault, MN 55021

State Bank of Faribault is headquartered in Faribault and is the 81st largest bank in the state of Minnesota. It is also the 2,569th largest bank in the nation. It was established in 1919 and as of December of 2020, 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 - YTD1.01%
Return on Equity - YTD10.01%
Annual Interest Income$10.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$267.7MM$214.9MM
LoansQ4 2020vs Q4 2019$140.9MM$136.8MM
DepositsQ4 2020vs Q4 2019$239.8MM$189.3MM
Equity CapitalQ4 2020vs Q4 2019$25.1MM$23.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$2.7MM$2.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$276.00K$87.00K
Real Estate OwnedQ4 2020vs Q4 2019$238.00K$260.00K
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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
0.03%*$2.5k*-Select Savings
OTHER TIERS: 0.01% Up to $2.5k

State Bank of Faribault Checking Account Rates

0.03%*$10k*-Rewards Checking Plus
OTHER TIERS: 0.01% Up to $10k
0.01%$750-Select Checking

State Bank of Faribault CD Rates

0.50%$1k-72 Month CD
0.50%$2.5k-39 Month Change a Rate CD
0.40%$1k-48 Month CD
0.40%$1k-60 Month CD
0.25%$1k-24 Month CD
0.10%$1k-12 Month CD
0.10%$1k-36 Month CD

State Bank of Faribault IRA Rates

0.50%$2.5k-39 Month Change a Rate IRA
0.50%$1k-72 Month IRA
0.40%$1k-48 Month IRA
0.40%$1k-60 Month IRA
0.25%$1k-24 Month IRA
0.10%$1k-12 Month IRA
0.10%$1k-36 Month IRA
0.10%$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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