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First Bank Elk River
Elk River, MN · FDIC Certificate #5136 · Chartered 01/0
Total assets
$369.20M
Total deposits
$269.90M
Total equity
$31.18M
Net loans
$272.15M
Branches (offices)
4
Net income (YTD)
$1.04M
Rank: #2,174 of 4,213 U.S. banks by assets · #70 of 221 in Minnesota. Assets changed 2.0% and deposits -1.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.57% |
| Return on equity | 6.71% |
| Net interest margin (YTD) | 3.53% |
| Equity to assets | 8.44% |
| Tier 1 leverage ratio | 10.68% |
| Uninsured deposits (share of deposits) | 18.5% |
| Noncurrent loans (share of loans) | 0.53% |
| Net charge-offs (share of loans) | -0.00% |
| Loans to deposits | 100.8% |
| Real estate loans (share of loans) | 82.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $224.03M | 82.3% | |
| Commercial & industrial | $44.92M | 16.5% | |
| Consumer / individual | $5.79M | 2.1% | |
| Construction & development | $11.59M | 4.3% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $366.49M | $312.29M | $1.37M | $21.51M |
| Jun 2023 | $355.96M | $275.47M | $1.74M | $18.91M |
| Jun 2024 | $361.35M | $279.41M | $1.02M | $23.55M |
| Jun 2025 | $362.07M | $272.74M | $915.00K | $25.77M |
| Jun 2026 | $369.20M | $269.90M | $1.04M | $31.18M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $269.90M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $269.90M.
Similar-sized banks
Flatirons Bank ($370.31M) · West Pointe Bank ($368.82M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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