Bank · FDIC insured
New Market Bank
A $196M bank headquartered in Elko New Market, MN, with 3 branches in Minnesota. Best rates: CDs 3.88% and savings 0.40% APY.
New Market Bank Carrot Score
68
Carrot Score
Higher than 22% of U.S. banks and credit unions
#68 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About New Market Bank
Founded on June 10, 1905, as First State Bank of New Market, the institution changed its name to New Market Bank in October 1988 upon opening its first branch in Lakeville.
The locally owned bank operates locations in Elko New Market, Lakeville, and Prior Lake, having added its Prior Lake branch in 2008.
- Headquarters
- 101 Old Town Rd, Elko New Market, MN 55054
- FDIC certificate
- 1931 ↗
Branches
3 branches in Minnesota
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Minnesota
3 branches
- New Market BankMain office101 Old Town Rd, Elko New Market, MN 55054Directions
- Lake Marion Branch20151 Icenic Trl, Lakeville, MN 55044Directions
- Prior Lake Branch4719 Park Nicollet Ave Se, Prior Lake, MN 55372Directions
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 | 9.11% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.13% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $66 | $81 | — |
- CapitalLeverage ratio9.11%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.13%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$66Peers’ 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 New Market Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.