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The Bank Of Elk River
Elk River, MN · FDIC Certificate #1607 · Chartered 01/0
Total assets
$719.07M
Total deposits
$661.24M
Total equity
$49.04M
Net loans
$452.30M
Branches (offices)
4
Net income (YTD)
$2.99M
Rank: #1,353 of 4,213 U.S. banks by assets · #32 of 221 in Minnesota. Assets changed 2.4% and deposits 0.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.83% |
| Return on equity | 12.37% |
| Net interest margin (YTD) | 3.55% |
| Equity to assets | 6.82% |
| Tier 1 leverage ratio | 9.14% |
| Uninsured deposits (share of deposits) | 16.6% |
| Noncurrent loans (share of loans) | 1.20% |
| Net charge-offs (share of loans) | 0.49% |
| Loans to deposits | 68.4% |
| Real estate loans (share of loans) | 76.1% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $344.03M | 76.1% | |
| Commercial & industrial | $92.74M | 20.5% | |
| Consumer / individual | $20.79M | 4.6% | |
| Construction & development | $32.66M | 7.2% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $615.80M | $590.23M | $3.42M | $23.93M |
| Jun 2023 | $634.11M | $608.48M | $3.17M | $22.97M |
| Jun 2024 | $675.45M | $612.10M | $2.19M | $30.60M |
| Jun 2025 | $702.50M | $655.68M | $3.05M | $42.77M |
| Jun 2026 | $719.07M | $661.24M | $2.99M | $49.04M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $661.24M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $661.24M.
Similar-sized banks
Union State Bank ($719.14M) · First National Bank Of Scotia ($719.05M)
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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