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First Minnesota Bank, Financial Information

AboutFirst Minnesota Bank

 Address:
4625 County Highway 101
Minnetonka,MN
Hennepin County,Minnesota
 Established:
Oct 1881
 Number of domestic offices:
10
Total assets$399M
Net income$1M
Net income,quarterly$0M
Total deposits$280M
Domestic deposits$280M
Equity capital$49M
ROA0.22%
ROAQ,quarterly0.38%
ROA,pretax0.38%
ROAQ,quarterly,pretax-0.02%
ROE1.79%
ROEQ,quarterly3.06%
UpdatedApr 11, 2013

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.

First Minnesota Bank was first chartered as First National Bank of Glencoe in 1881. In 1995 the First National Bank of Glencoe merged with First Bank of Minnesota of Hutchinson to become First Minnesota Bank. The bank now has full service branches in communities in and around the Twin Cities metropolitan area. First Minnesota Bank serves the communities of Glencoe, Hutchinson, Stewart, Mayer, Monticello, Minnetonka, Mound, Buffalo, Champlin, Edina, and Andover.

First Minnesota Bank, owned by McLeod Bancshares, Inc. is committed to providing diverse, superior financial products and services to small businesses and consumers.

First Minnesota Bank offers everything from lines of credit and equipment financing to land development and commercial real estate loans. First Minnesota Bank offers a broad range of banking services such as deposit accounts, certificates of deposit with competitive rates, safe deposit boxes, and a friendly staff at 10 Minnesota locations.

Historical Data