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 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.

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Health

Health Grade Components

Overall
FDIC Certificate #1610
Year Established1919
Employees45
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD13.05%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$312.2MM$299MM
LoansQ1 2025vs Q1 2024$167.8MM$156.5MM
DepositsQ1 2025vs Q1 2024$290.9MM$281.8MM
Equity CapitalQ1 2025vs Q1 2024$17.4MM$13.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.4MM$3.1MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$30K$0
Real Estate OwnedQ1 2025vs Q1 2024$0$281K
Rates
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Always verify rates and promotions with the bank or credit union. We are not State Bank of Faribault; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.75%*$100k*-Select Savings
OTHER TIERS: 0.05% $0 - $2.5k | 0.15% $2.5k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.30%$0-eSavings
0.05%$100-Health Savings Account

State Bank of Faribault Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%$0$25keChecking
0.40%*$100k*-Rewards Checking Plus
OTHER TIERS: 0.05% $0 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.10%$750-Select Checking

State Bank of Faribault CD Rates

APYMINMAXACCOUNT NAMEVIEW 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 IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-72 Month IRA
2.00%$2.5k-39 Month Change a Rate IRA
2.00%$1k-60 Month IRA
1.75%$1k-48 Month IRA
1.15%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.65%$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 Ave NFaribault, MN 55021
Prior Lake Branch6867 Boudin Street NePrior Lake, MN 55372

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