What is First Bank Elk River's financial health grade?

First Bank Elk River has a TFS Financial Health Grade of B- (score: 75.6/100). This grade is based on capital adequacy, asset quality, earnings, and consumer protection metrics.

How many branches does First Bank Elk River have?

First Bank Elk River has 4 branch locations across the United States.

Is First Bank Elk River FDIC insured?

Yes, First Bank Elk River is FDIC insured (Certificate #5136).

What are the total assets of First Bank Elk River?

First Bank Elk River has total assets of $363.9M as reported in its most recent FDIC filing.

First Bank Elk River: Safety Grade & Financial Health

BankElk River, Minnesota

www.elkriver.bank

Total Assets

$363.9M

Total Deposits

$270.1M

Branches

Established

1907

First Bank Elk River is a bank headquartered in Elk River, Minnesota, established in 1907. It holds $363.9M in total assets across 4 branch locations. In our editorial opinion, based on public FDIC/NCUA data, First Bank Elk River earns a TFS Financial Health Grade of B- (75.6/100) — our editorial assessment, not an official rating or financial advice.

TFS Health Grade

B-

75.6 / 100

Good financial health

How we grade

TFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.

Watching First Bank Elk River?

Get a free alert the moment its safety grade changes. No spam, ever.

By subscribing, you agree to our Terms and Privacy Policy.

Capital & Safety

Tier 1 Capital Ratio

10.68%(8%)

Total Capital Ratio

0.00%(10%)

Non-Performing Loan Ratio

0.18%

Profitability

Return on Assets (ROA)

1.30%(1%)

Return on Equity (ROE)

17.65%(10%)

Net Interest Margin

3.21%

Efficiency Ratio

60.91%(60%)

Lending & Liquidity

Total Loans

$267.4M

Loan-to-Deposit Ratio

98.03%

Net Charge-Off Ratio

Other banks in Minnesota

The Bank of Elk River

Bank

Elk River, MN

$717.6M

B-

Ameriprise Bank, FSB

Bank

Minneapolis, MN

$25.3B

B-

WINGS FINANCIAL

Apple Valley, MN

$9.3B

TRUSTONE FINANCIAL

Growth

Asset Growth (YoY)

+1.94%

Deposit Growth (YoY)

-6.95%

Net Income

$4.7M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

No CFPB complaints found for this institution.

Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

By continuing, you agree to our Terms & Privacy Policy.

Loading reviews...

Branch	Address	City	State	Type
First Bank Elk RiverHQ	812 Main St Nw	Elk River	MN	11
First Bank Elk River	1121 W Highway 10	Anoka	MN	11
First Bank Elk River	19157 Freeport St Nw	Elk River	MN	11
First Bank Elk River	13785 Rogers Dr	Rogers	MN	11

Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

Institution Details

Institution TypeBank

FDIC Certificate #5136

Primary RegulatorFDIC

FDIC/NCUA InsuredYes

Data sourced from FDIC / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.