The Bank of Elk River is headquartered in ELK RIVER and is the 30th largest bank in the state of Minnesota. It is also the 1,379th 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.
Overall | |
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FDIC Certificate # | 1607 |
Year Established | 1885 |
Employees | 89 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.89% |
Return on Equity - YTD | 16.41% |
Annual Interest Income | $8MM |
Assets and Liabilities | ||
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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 |
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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 St Nw | Elk River, MN 55330 |
School Street Office | 846 Freeport Avenue | Elk River, MN 55330 |
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