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Foresight Bank, Financial Information

AboutForesight Bank

 Address:
138 West Broadway
Plainview,MN
Wabasha County,Minnesota
 Established:
Jun 1902
 Number of domestic offices:
3
Agriculture bank
Total assets$296M
Net income$4M
Net income,quarterly$1M
Total deposits$250M
Domestic deposits$250M
Equity capital$30M
ROA1.48%
ROAQ,quarterly1.55%
ROA,pretax1.55%
ROAQ,quarterly,pretax1.55%
ROE14.53%
ROEQ,quarterly15.28%
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.

Foresight Bank was originally chartered in 1902 as The First National Bank of Plainview and for generations has remained an independent community bank that is locally owned and managed.

The bank has grown over the years to be one of the larger community banks in the County and a popular source for ag, business and personal financing as well as deposit and other financial services. It is now over 148 million in assets, and has over 30 employees.

The original location was at 311 W Broadway, and moved to our current facility in 1974. The bank has gone through several remodelings, to now feature prairie grasses, two drive-up lanes, and more.

Historical Data