First Independent Bank

BankRussell, Minnesota
www.fibmn.com

Total Assets

$600.2M

Total Deposits

$507.4M

Branches

12

Established

1903

TFS Health Grade

$
C-

72.0 / 100

Average financial health

How we grade

First Independent Bank is a bank headquartered in Russell, Minnesota, established in 1903. With $600.2M in total assets and 12 branch locations, it has a TFS Financial Health Grade of C- (72.0/100).

Capital & Safety

Tier 1 Capital Ratio
8.03%(8%)
Total Capital Ratio
10.78%(10%)
Non-Performing Loan Ratio
0.16%

Profitability

Return on Assets (ROA)
1.11%(1%)
Return on Equity (ROE)
14.12%(10%)
Net Interest Margin
3.60%
Efficiency Ratio
59.76%(60%)

Lending & Liquidity

Total Loans
$406.1M
Loan-to-Deposit Ratio
79.12%
Net Charge-Off Ratio
0.11%

Growth

Asset Growth (YoY)
+13.73%
Deposit Growth (YoY)
+18.61%
Net Income
$6.2M

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.

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