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 First Bank Elk River
First Bank Elk River
| RSSD ID 970055 | CERTIFICATE 5136 | ABA NUMBER 91903844 |
| 812 Main St Nw |
Quarter Ended : |
2025-03-31 |
| Elk River, Minnesota, 55330 |
Updated : |
2025-04-29 |
| www.elkriver.bank |
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| Institution Profile |
| Year Opened : |
1907 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
4 |
Number of Employees : |
46 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 362,976 |
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Total Interest Income | 3,819 |
| Total Liabilities | 337,984 |
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Total NonInterest Income | 401 |
| Total Bank Equity Capital | 24,992 |
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Total Interest Expense | 1,326 |
| Total Deposits | 286,661 |
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Total NonInterest Expense | 2,355 |
| Net Loans & Leases | 262,248 |
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Net Income | 378 |
| Loan Loss Allowance | 2,576 |
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Net Charge Offs | 29 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 262,488 |
| Total assets for the leverage ratio | 367,751 |
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Loans secured by real estate: | 220,057 |
| Tier 1 Leverage Ratio | 9.49 |
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Commercial and industrial loans | 38,817 |
| Off Balance Sheet Exposures (%) | 14.37 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 3,675 |
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:· First Bank Elk River
