State Bank of Faribault

Overview / Commentary
428 Central Avenue
Faribault, MN 55021

State Bank of Faribault is headquartered in Faribault and is the 77th largest bank in the state of Minnesota. It is also the 2,529th largest bank in the nation. It was established in 1919 and as of March of 2021, it had grown to 50 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 - YTD1.26%
Return on Equity - YTD14.26%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$287.4MM$215.7MM
LoansQ1 2021vs Q1 2020$137.9MM$138.2MM
DepositsQ1 2021vs Q1 2020$260.4MM$189.8MM
Equity CapitalQ1 2021vs Q1 2020$24.0MM$24.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$2.7MM$2.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$249.00K$69.00K
Real Estate OwnedQ1 2021vs Q1 2020$238.00K$253.00K
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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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