The First National Bank of Gilbert
Gilbert, MN
IDRSSD: 975452
Total Assets
$82.53M
Latest filing
Total Deposits
$70.70M
Latest filing
Net Interest Margin
3.76%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
The First National Bank of Gilbert
2 N Broadway Ave
Gilbert, MN 55741
Full Service - Brick and Mortar
Updated 11/14/2025Established 10/26/1908FDIC Certificate 3450
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| The First National Bank of Gilbert (Main) | 2 N Broadway Ave | Gilbert, MN |
| HOYT LAKES BRANCH | 207 Kennedy Memorial Dr | Hoyt Lakes, MN |
Showing 1 of 1
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, national (federal) charter, Fed member, and supervised by the OCC |
| Primary Regulator | OCC |
| Established Date | 10/26/1908 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55741 |
| State and County Number | 27137 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 3 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Duluth, MN-WI |
Operational Info
| Number of Employees | 16 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | http://www.gilbertbank.com |
| Data Updated | 11/14/2025 |
| CERT | 5150 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $82.53M |
| Total Deposits | $70.70M |
| Total Liabilities | $76.56M |
| Total Equity Capital | $5.97M |
| Net Income | $139.00k |
| Net Loans and Leases | $66.33M |
| Assets Per Employee ($Millions) | $5.5M |
| Bank Premises and Fixed Assets | $528.00k |
| Cash and Balances due from Depository Institutions | $7.48M |
| Deposits Held in Domestic Offices | $70.70M |
Key Performance Ratios
| Return on Assets (ROA) | 0.68% |
| Return on Equity (ROE) | 9.43% |
| Net Interest Margin | 3.76% |
| Efficiency Ratio | 71.47% |
| Tier 1 Risk-Based Capital Ratio | 12.974% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.1% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.231% |
| Earning Assets to total Assets | 92.92% |
Income and Expense
| Total Interest Income | $1.08M |
| Total Noninterest Income | $34.00k |
| Total Interest Expense | $354.00k |
| Total Noninterest Expense | $541.00k |
| Net Interest Income | $723.00k |
| Pre-tax Net Operating Income | $196.00k |
| Provision for Credit Losses | $20.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $5.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $366.00k |
| Total Liabilities and Capital | $82.53M |
Securities
| Securities | $5.91M |
| Available-for-sale debt securities | $5.76M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The First National Bank of Gilbert?
$82.53M as of the latest filing.
How much are The First National Bank of Gilbert's total deposits?
$70.70M in total deposits.
Where is The First National Bank of Gilbert located?
Gilbert, MN.
What is the Net Interest Margin?
3.76%.
How many domestic offices does it operate?
2.
When was it established?
10/26/1908.
What is the Return on Assets (ROA)?
0.68%.
How much are total loans and leases?
$66.33M (latest filing).
What is the total interest income (latest filing)?
$1.08M.