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State Bank of Faribault


Overview / Commentary
507-332-7401
428 Central Avenue
Faribault, MN 55021

State Bank of Faribault is headquartered in Faribault and is the 85th largest bank in the state of Minnesota. It is also the 2,828th largest bank in the nation. It was established in 1919 and as of March of 2019, it had grown to 46 employees at 2 locations. State Bank of Faribault has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #1610
Year Established1919
Employees46
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD5.43%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$208.1MM$197.5MM
LoansQ1 2019vs Q1 2018$129.1MM$119.5MM
DepositsQ1 2019vs Q1 2018$184.4MM$175.8MM
Equity CapitalQ1 2019vs Q1 2018$22.0MM$20.4MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.3MM$2.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$416.00K$0
Real Estate OwnedQ1 2019vs Q1 2018$1.2MM$1.2MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Select Savings
OTHER TIERS: 0.10% Up to $2.5k | 0.25% $2.5k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k
0.40%--eSavings
0.40%$100-Health Savings Account

State Bank of Faribault Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%-$25keChecking
0.50%*$100k*-Rewards Checking Plus
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k
0.10%$750-Select Checking

State Bank of Faribault CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-72 Month CD
1.00%$1k-60 Month CD
0.95%$1k-48 Month CD
0.75%$1k-36 Month CD
0.75%$2.5k-39 Month Change a Rate CD
0.60%$1k-24 Month CD
0.40%$1k-12 Month CD

State Bank of Faribault IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-72 Month IRA
1.00%$1k-60 Month IRA
0.95%$1k-48 Month IRA
0.75%$1k-36 Month IRA
0.75%$2.5k-39 Month Change a Rate IRA
0.60%$1k-24 Month IRA
0.40%$1k-12 Month IRA
0.35%$50-3 Month IRA Variable
Locations


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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