The Bank of Elk River is headquartered in Elk River and is the 33rd largest bank in the state of Minnesota. It is also the 1,446th largest bank in the nation. It was established in 1885 and as of December of 2020, it had grown to 93 employees at 4 locations. The Bank of Elk River has an A health rating.
It will not let you rate them zero stars.
Overall | |
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FDIC Certificate # | 1607 |
Year Established | 1885 |
Employees | 93 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.25% |
Return on Equity - YTD | 13.77% |
Annual Interest Income | $20.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $583.2MM$456.8MM |
Loans | Q4 2020vs Q4 2019 | $338.8MM$294.1MM |
Deposits | Q4 2020vs Q4 2019 | $530.7MM$411.4MM |
Equity Capital | Q4 2020vs Q4 2019 | $50.6MM$44.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $5.1MM$3.2MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $477.00K$1.9MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$81.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.35%* | $10k* | - | Health Savings Accounts | ||
OTHER TIERS: 0.05% → Up to $1k | 0.15% → $1k - $10k | |||||
0.05% | $100 | - | Business Savings | ||
0.04% | - | - | Statement Savings | ||
0.01% | $50 | - | Economy Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.04%* | $50k* | - | Premier Rewards Checking | ||
OTHER TIERS: 0.02% → Up to $10k | 0.03% → $10k - $50k | |||||
0.03% | - | - | Commercial Checking w/ Interest |
The Bank of Elk River Locations | ||
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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 Street | Elk River, MN 55330 |
School Street Office | 846 Freeport Avenue | Elk River, MN 55330 |