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First Bank Elk River, Financial Information

About First Bank Elk River

 Address:
812 Main Street
Elk River, MN
Sherburne County, Minnesota
 Established:
Jan 1907
 Number of domestic offices:
4
Total assets$361M
Net income$3M
Net income, quarterly$1M
Total deposits$268M
Domestic deposits$268M
Equity capital$32M
ROA0.78%
ROAQ, quarterly1.09%
ROA, pretax1.09%
ROAQ, quarterly, pretax1.09%
ROE8.39%
ROEQ, quarterly12.5%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Founded in 1902 and always headquartered in downtown Elk River, First National of Elk River was established on a few simple principles: quality service, solid advice, trustworthiness, and community support have always been the foundation of how First national does business. Adherence to these principles saw First National survive the Depression years of the 1930′s, and a continuing commitment to the same values has seen First National through this recent deep recessional.

First national has the strongest capital position of any of the community banks in our trade area. Strong capital means that a bank has the financial strength and resources to meet the borrowing needs of its community, deal with any problems presented by the still struggling economy. and grow as its customers prosper.

The First National Bank of Elk River: Financially strong, well managed, community committed, and ready to serve you today and well into the future.

First National Bank of Elk River
812 Main Street NW
Elk River, MN 55330

Historical Data