The First National Bank of Osakis

Overview / Commentary

320-859-2101

211-213 Central Avenue
Osakis, MN 56360

The First National Bank of Osakis is headquartered in Osakis and is the 188^th largest bank in the state of Minnesota. It is also the 4,103^rd largest bank in the nation. It was established in 1903 and as of March of 2022, it had grown to 12 employees at 1 location. The First National Bank of Osakis' savings rates are 25% higher than the national average, and it has an A health rating.

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Health

Data as of Q1 2022

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The First National Bank of Osakis has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	5221
Year Established	1903
Employees	12
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.58%
Return on Equity - YTD	6.22%
Annual Interest Income	$762.00K

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$89.8MM$85.8MM
Loans	Q1 2022vs Q1 2021	$56.9MM$48.0MM
Deposits	Q1 2022vs Q1 2021	$77.2MM$72.5MM
Equity Capital	Q1 2022vs Q1 2021	$8.0MM$9.1MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$317.00K$164.00K
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$117.00K$102.00K
Real Estate Owned	Q1 2022vs Q1 2021	$0$0

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The First National Bank of Osakis Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%^*	$100k^*	-	Retirement Investment Account
OTHER TIERS: 0.60% → $1 - $10k \| 0.75% → $10k - $25k \| 0.91% → $25k - $100k
0.65%^*	$25k^*	-	Savings Accounts
OTHER TIERS: 0.35% → $200 - $2.5k \| 0.45% → $2.5k - $10k \| 0.55% → $10k - $25k
0.50%^*	$10k^*	-	Youth Savers Account / Money Beez
OTHER TIERS: 0.30% → $1 - $2.5k \| 0.40% → $2.5k - $10k

The First National Bank of Osakis Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$25k^*	-	The Investor's Account
OTHER TIERS: 0.30% → $1 - $10k \| 0.40% → $10k - $25k

The First National Bank of Osakis Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Interest Checking

The First National Bank of Osakis CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%^*	$25k^*	-	4 Year CD
OTHER TIERS: 1.61% → $500 - $10k \| 1.85% → $10k - $25k
1.66%^*	$25k^*	-	3 Year CD
OTHER TIERS: 1.36% → $500 - $10k \| 1.51% → $10k - $25k
1.56%^*	$25k^*	-	2 Year CD
OTHER TIERS: 1.21% → $500 - $10k \| 1.41% → $10k - $25k
1.01%^*	$25k^*	-	1 Year CD
OTHER TIERS: 0.91% → $500 - $10k \| 0.96% → $10k - $25k
0.80%^*	$25k^*	-	182 Day CD
OTHER TIERS: 0.60% → $500 - $10k \| 0.70% → $10k - $25k
0.55%^*	$25k^*	-	91 Day CD
OTHER TIERS: 0.45% → $500 - $10k \| 0.50% → $10k - $25k

Locations

The First National Bank of Osakis Locations
The First National Bank Of Osakis	211-213 Central Avenue	Osakis, MN 56360

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