The Bank of Elk River

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.thebankofelkriver.com

763-441-1000

630 Main Street
Elk River, MN 55330

The Bank of Elk River is headquartered in ELK RIVER and is the 30^th largest bank in the state of Minnesota. It is also the 1,379^th largest bank in the nation. It was established in 1885 and as of March of 2025, it had grown to 89 employees at 4 locations. The Bank of Elk River has an A health rating.

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Health

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	1607
Year Established	1885
Employees	89
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.89%
Return on Equity - YTD	16.41%
Annual Interest Income	$8MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$696.8MM$659MM
Loans	Q1 2025vs Q1 2024	$416.4MM$382.3MM
Deposits	Q1 2025vs Q1 2024	$649.2MM$621.6MM
Equity Capital	Q1 2025vs Q1 2024	$39MM$29.6MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$4.3MM$4.3MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$14K$3K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for The Bank of Elk River.

Locations

The Bank of Elk River Locations
Otsego Office	15800 88th Street Northeast	Otsego, MN 55330
Zimmerman Office Branch	26319 2nd St. E	Zimmerman, MN 55398
The Bank Of Elk River	630 Main St Nw	Elk River, MN 55330
School Street Office	846 Freeport Avenue	Elk River, MN 55330

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