Bank · FDIC insured
First Bank Elk River
A $369.2M bank headquartered in Elk River, MN, with 4 branches in Minnesota. Best rates: CDs 3.14% and savings 0.30% APY.
First Bank Elk River Carrot Score
66
Carrot Score
Higher than 15% of U.S. banks and credit unions
#73 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Bank Elk River
First Bank Elk River has operated since opening its first bank branch in 1902 and currently maintains branch locations in Elk River, Anoka, and Rogers, Minnesota.
- Headquarters
- 812 Main St Nw, Elk River, MN 55330
- FDIC certificate
- 5136 ↗
Branches
4 branches in Minnesota
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Minnesota
4 branches
- First Bank Elk RiverMain office812 Main St Nw, Elk River, MN 55330Directions
- Anoka Branch1121 W Highway 10, Anoka, MN 55303Directions
- Elk Park Center Branch19157 Freeport St Nw, Elk River, MN 55330Directions
- Hassan Branch13785 Rogers Dr, Rogers, MN 55374Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.68% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.53% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.57% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $102 | $81 | — |
- CapitalLeverage ratio10.68%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.53%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.57%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$102Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Bank Elk River are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.