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 188th largest bank in the state of Minnesota. It is also the 4,103rd 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
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 Established1903
Employees12
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.22%
Annual Interest Income$762.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$89.8MM$85.8MM
LoansQ1 2022vs Q1 2021$56.9MM$48.0MM
DepositsQ1 2022vs Q1 2021$77.2MM$72.5MM
Equity CapitalQ1 2022vs Q1 2021$8.0MM$9.1MM
Loan Loss AllowanceQ1 2022vs Q1 2021$317.00K$164.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$117.00K$102.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Interest Checking

The First National Bank of Osakis CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Osakis211-213 Central AvenueOsakis, MN 56360

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