The Bank of Elk River


Overview / Commentary
763-441-1000
630 Main Street
Elk River, MN 55330

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.

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Health

Health Grade Components

Overall
FDIC Certificate #1607
Year Established1885
Employees89
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD16.41%
Annual Interest Income$8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$696.8MM$659MM
LoansQ1 2025vs Q1 2024$416.4MM$382.3MM
DepositsQ1 2025vs Q1 2024$649.2MM$621.6MM
Equity CapitalQ1 2025vs Q1 2024$39MM$29.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$4.3MM$4.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$14K$3K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


The Bank of Elk River Locations
Otsego Office15800 88th Street NortheastOtsego, MN 55330
Zimmerman Office Branch26319 2nd St. EZimmerman, MN 55398
The Bank Of Elk River630 Main St NwElk River, MN 55330
School Street Office846 Freeport AvenueElk River, MN 55330

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