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The Bank of Elk River

Elk River, MN
IDRSSD: 10250
Total Assets
$703.74M
Latest filing
Total Deposits
$653.29M
Latest filing
Net Interest Margin
3.46%
Profitability
0

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 ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date01/01/1885
Community BankYes
Ownership TypeNot Mutual
ZIP55330
State and County Number27141
Subchapter S CorporationsYes
Trust PowersN/A
Federal Reserve ID Number09
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictKansas City
Core Based Statistical Area NameMinneapolis-St. Paul-Bloomington, MN-WI

Operational Info

Number of Employees92
Domestic Offices4
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date08/31/2022
Date of Deposit Insurance01/01/1934
Primary Insurance AgencyDIF
Websitewww.thebankofelkriver.com
Data Updated11/14/2025
CERT1607
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$703.74M
Total Deposits$653.29M
Total Liabilities$657.59M
Total Equity Capital$46.15M
Net Income$2.03M
Net Loans and Leases$418.15M
Assets Per Employee ($Millions)$7.82M
Bank Premises and Fixed Assets$10.74M
Cash and Balances due from Depository Institutions$13.17M
Deposits Held in Domestic Offices$653.29M

Key Performance Ratios

Return on Assets (ROA)1.16%
Return on Equity (ROE)18.28%
Net Interest Margin3.46%
Efficiency Ratio66.86%
Tier 1 Risk-Based Capital Ratio14.153%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.09%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets6.558%
Earning Assets to total Assets96.62%

Income and Expense

Total Interest Income$8.47M
Total Noninterest Income$1.16M
Total Interest Expense$2.60M
Total Noninterest Expense$4.70M
Net Interest Income$5.87M
Pre-tax Net Operating Income$2.18M
Provision for Credit Losses$151.00k
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$0
Federal Funds Sold & Reverse Repurchase Agreement$700.00k
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$4.30M
Total Liabilities and Capital$703.74M

Securities

Securities$254.95M
Available-for-sale debt securities$187.10M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$68.00M
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of The Bank of Elk River?
$703.74M as of the latest filing.
How much are The Bank of Elk River's total deposits?
$653.29M in total deposits.
Where is The Bank of Elk River located?
Elk River, MN.
What is the Net Interest Margin?
3.46%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1885.
What is the Return on Assets (ROA)?
1.16%.
How much are total loans and leases?
$418.15M (latest filing).
What is the total interest income (latest filing)?
$8.47M.