The Bank of Elk River
Elk River, MN
IDRSSD: 10250
Total Assets
$714.70M
Latest filing
Total Deposits
$659.66M
Latest filing
Net Interest Margin
3.44%
Profitability
Key People
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Locations
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Main Office
The Bank of Elk River
630 Main St Nw
Elk River, MN 55330
Full Service - Brick and Mortar
Updated 04/10/2026Established 01/01/1885FDIC Certificate 1050
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| The Bank of Elk River (Main) | 630 Main St Nw | Elk River, MN |
| SCHOOL STREET OFFICE | 846 Freeport Ave Nw | Elk River, MN |
| OTSEGO OFFICE | 15800 88th St Ne | Otsego, MN |
| ZIMMERMAN OFFICE BRANCH | 26319 2nd St E | Zimmerman, MN |
Showing 3 of 3
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, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1885 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55330 |
| State and County Number | 27141 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Minneapolis-St. Paul-Bloomington, MN-WI |
Operational Info
| Number of Employees | 95 |
| Domestic Offices | 4 |
| 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 | www.thebankofelkriver.com |
| Data Updated | 04/10/2026 |
| CERT | 1607 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $714.70M |
| Total Deposits | $659.66M |
| Total Liabilities | $668.38M |
| Total Equity Capital | $46.32M |
| Net Income | $1.19M |
| Net Loans and Leases | $447.84M |
| Assets Per Employee ($Millions) | $7.29M |
| Bank Premises and Fixed Assets | $11.08M |
| Cash and Balances due from Depository Institutions | $28.52M |
| Deposits Held in Domestic Offices | $659.66M |
Key Performance Ratios
| Return on Assets (ROA) | 0.66% |
| Return on Equity (ROE) | 9.91% |
| Net Interest Margin | 3.44% |
| Efficiency Ratio | 72.11% |
| Tier 1 Risk-Based Capital Ratio | 13.811% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.69% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.481% |
| Earning Assets to total Assets | 96.05% |
Income and Expense
| Total Interest Income | $8.39M |
| Total Noninterest Income | $1.16M |
| Total Interest Expense | $2.46M |
| Total Noninterest Expense | $5.11M |
| Net Interest Income | $5.93M |
| Pre-tax Net Operating Income | $735.00k |
| Provision for Credit Losses | $1.24M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $5.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $500.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $3.72M |
| Total Liabilities and Capital | $714.70M |
Securities
| Securities | $220.68M |
| Available-for-sale debt securities | $220.68M |
| Equity securities with readily determinable fair values not held for trading | — |
| 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 Bank of Elk River?
$714.70M as of the latest filing.
How much are The Bank of Elk River's total deposits?
$659.66M in total deposits.
Where is The Bank of Elk River located?
Elk River, MN.
What is the Net Interest Margin?
3.44%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1885.
What is the Return on Assets (ROA)?
0.66%.
How much are total loans and leases?
$447.84M (latest filing).
What is the total interest income (latest filing)?
$8.39M.