First Bank Elk River: Financial Reports & UBPR Data
BankRegReports is independent of First Bank Elk River and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at First Bank Elk River. Based in Elk River, Minnesota, it had $369 million in assets at June 30, 2026, up 2.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.53% of loans from 0.20% a year earlier. It holds commercial real estate loans worth 3.1 times its capital, 2.6 times the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also earns about $0.66 a year on every $100 of assets, about half the median of $1.28 for banks its size.
Delinquency has appeared in its $101 million non-owner-occupied commercial real estate book: 4.37% of those loans are past due or on nonaccrual, against almost none a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $12 million equal 30% of Tier 1 capital, down from 38% a year earlier. Costs are the weak spot: it spends about 75 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, First Bank Elk River reported a return on assets of 0.66%, a nonperforming-loan ratio of 0.53% and a Texas ratio of 4.29%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 812 Main St Nw, Elk River, MN 55330
- County
- Sherburne
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1907
- Offices
- 4 domestic
- Employees (FTE)
- 44
- Domestic deposits
- $269.9M
- Allowance for credit losses
- $2.6M
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $370.6M
- Average total loans
- $268.4M
- Average interest-bearing deposits
- $194.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5136
- Fed RSSD
- 970055
- SEC CIK
- 1484473 → filed by FIRST NATIONAL FINANCIAL SERVICES INC.
- Website
- www.elkriver.bank →
- Parent Holding Company
- FIRST NATIONAL FINANCIAL SERVICES INC. (RSSD 1125357)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Bank Elk River terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First Bank Elk River, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
First Bank Elk River rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.68% | 0.66% | 0.53% | 4.29% | 3.47% |
| Q1 2026 | 10.46% | 0.45% | 0.54% | 4.35% | 3.25% |
| Q4 2025 | 10.68% | 3.46% | 0.18% | 1.42% | 3.12% |
| Q3 2025 | 9.90% | 0.68% | 0.20% | 1.78% | 3.22% |
| Q2 2025 | 9.53% | 0.58% | 0.20% | 1.87% | 3.01% |
| Q1 2025 | 9.49% | 0.41% | 0.04% | 0.24% | 2.86% |
| Q4 2024 | 9.60% | 0.58% | 0.05% | 0.34% | 2.80% |
| Q3 2024 | 9.38% | 0.50% | 0.05% | 0.33% | 2.84% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 4 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Bank Elk River (main office) | Elk River , MN | 55330 | $94.2M |
| Anoka Branch | Anoka , MN | 55303 | $82.1M |
| Elk Park Center Branch | Elk River , MN | 55330 | $58.7M |
| Hassan Branch | Rogers , MN | 55374 | $34.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 8, 2008 | Structure Change | Acquired Security State Bank of Maple Lake Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 7, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
What the public regulatory sources show for First Bank Elk River, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (OCC)
- July 14, 2009, OCC: Formal Agreement: The First National Bank of Elk River
- Period: Most recent institution action July 14, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in MN, rank 113 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 30 applications, 24 loans originated, $11.8M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $25K approved, $25K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
Add this badge to your website
Free to use. The badge always shows First Bank Elk River’s most recent filed regulatory figures. It updates automatically each quarter, so it never goes stale.
Similar banks
Compare First Bank Elk River with peers
Side-by-side comparison of capital, profitability, asset quality, and balance sheet. Pick a peer to view the full head-to-head.
Frequently asked about First Bank Elk River
What are First Bank Elk River's total assets?
As of the Q2 2026 filing, First Bank Elk River reported total assets of $369.2 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Bank Elk River headquartered?
First Bank Elk River is headquartered in Elk River, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Bank Elk River founded?
First Bank Elk River was established in 1907, per the FDIC institution directory.
Is First Bank Elk River FDIC-insured?
Yes. First Bank Elk River is an FDIC-insured commercial bank (FDIC Certificate #5136). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank Elk River?
First Bank Elk River's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does First Bank Elk River operate?
First Bank Elk River operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Bank Elk River's Texas Ratio?
First Bank Elk River's Texas Ratio is 4.29% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
Go deeper on First Bank Elk River.
Unlock the full terminal: 26 years of quarterly trends, peer benchmarking, watch flags, and Excel tearsheets for this bank and every other US institution.
Unlock First Bank Elk River, freeFree account