First Bank Elk River is a bank based in Elk River, Minnesota, established in 1907, with $362 million in total assets across 4 branches. By Trust Grade it ranks 181st of 224 banks we track in Minnesota. Its capital ratio of 8.5% trails most similarly sized banks (22th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.46% return on assets. No consumer complaints against First Bank Elk River appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Bank Elk River compares to Minnesota peers
How we graded First Bank Elk River
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.5% capital ratio)
- Profitable (ROA 0.46%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Bank Elk River over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 1121 W Highway 10, Anoka, MN 55303
- 19157 Freeport St Nw, Elk River, MN 55330
- 13785 Rogers Dr, Rogers, MN 55374
- 812 Main St Nw, Elk River, MN 55330
Are deposits at First Bank Elk River insured?
Yes. First Bank Elk River is an FDIC-insured bank (FDIC certificate #5136). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Bank Elk River: frequently asked questions
Is First Bank Elk River a good bank?
First Bank Elk River earns a Bankzia Trust Grade of B (88/100, "Strong"), based on a financial-strength score of 88/100 (it has no CFPB complaints on record). Well-capitalized (8.5% capital ratio); Profitable (ROA 0.46%).
Is First Bank Elk River FDIC-insured?
Yes. First Bank Elk River is a FDIC-insured bank (FDIC certificate #5136). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Bank Elk River?
First Bank Elk River holds $362 million in total assets, ranking 181st of 224 banks we track in Minnesota. It operates 4 branches.
Does First Bank Elk River have CFPB complaints?
No CFPB complaints against First Bank Elk River appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
