Bank · FDIC insured
Minnesota First
A $29.9M bank headquartered in Rochester, MN, with 4 branches in Minnesota. Best rates: CDs 4.00% and savings 2.10% APY.
Minnesota First Carrot Score
85
Carrot Score
Higher than 71% of U.S. banks and credit unions
#8 of 24 in Rochester, MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Minnesota First
Established in Rochester in 1956 as Minnesota Loan and Thrift Company, the institution changed its name to Minnesota First Credit and Savings, Inc. in 1993.
The locally owned and operated bank serves southeastern Minnesota and western Wisconsin through branch locations in Rochester and Red Wing.
- Headquarters
- 1932 Viking Dr Nw, Rochester, MN 55901
- FDIC certificate
- 26755 ↗
Branches
4 branches in Minnesota
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Minnesota
4 branches
Rochester area · 1
- Minnesota First Credit and Savings, IncorporatedMain office1932 Viking Dr Nw, Rochester, MN 55901Directions
Owatonna area · 1
- Owatonna Branch111 N Cedar Ave, Owatonna, MN 55060Directions
Red Wing area · 1
- Red Wing Branch144 Tyler Rd N, Red Wing, MN 55066Directions
Winona area · 1
- Winona Branch1858 North Service Drive, Winona, MN 55987Directions
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 | 14.16% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 0.12% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 0.31% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $108 | $67 | — |
- CapitalLeverage ratio14.16%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent0.12%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets0.31%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$108Peers’ middle $67
Compared with the 546 banks with under $100 million 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 Minnesota First are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.