The Bank of Elk River
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Data as of · sourced from FFIEC call reports. How we update
The Bank of Elk River is an FDIC-insured commercial bank headquartered in Elk River, MN, established in 1885 (FDIC certificate 1607), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $719.1M, up 2.4% from Q2 2025, the 32nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 13.64% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1607
- Headquarters
- Elk River, MN
- Established
- 1885
- Total assets, Q2 2026
- $719.1M
- Assets vs Q2 2025
- +2.4%
- CET1 ratio, Q2 2026
- 13.64%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091903831
- Latest call report
- Q2 2026, FFIEC 051 · The Bank of Elk River call report
- Holding company
- METRO NORTH BANCSHARES, INC.
- Asset rank in state
- 32nd of 221 in Minnesota
Problem loans are rising at The Bank of Elk River. Based in Elk River, Minnesota, it had $719 million in assets at June 30, 2026, up 2.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.18% of loans from 0.01% a year earlier. It funds 9.14% of its assets with Tier 1 capital, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also carries problem assets equal to 9.9% of the capital and reserves that would absorb them, 3.8 times the median of 2.6% for banks its size.
Delinquency has appeared in its $69 million non-owner-occupied commercial real estate book: 5.69% of those loans are past due or on nonaccrual, against almost none a year earlier. Loans are outrunning deposits: over the year loans rose 8.3% and deposits rose 0.8%. One more trend to watch: the commercial and industrial book ($93 million) is worsening: 1.65% of it is past due or on nonaccrual, up from 1.04% a year earlier.
As of June 30, 2026, The Bank of Elk River reported a CET1 capital ratio of 13.64%, a return on assets of 0.99%, a nonperforming-loan ratio of 1.20% and a Texas ratio of 9.93%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Bank of Elk River is the 32nd largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets rose 0.6% to $719.1M, loans rose 1.1% and deposits rose 0.2%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 27.2% of total loans, followed by commercial and industrial loans at 20.3%. The FDIC Summary of Deposits lists 4 offices for it, in Elk River, MN, Otsego, MN and Zimmerman, MN; its Elk River 2 offices book 71% of its branch deposits. On its Q2 2026 call report, The Bank of Elk River meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 630 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, 1885
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 94
- Domestic deposits
- $661.2M
- Allowance for credit losses
- $5.3M
- Net charge-offs (YTD)
- $1.1M
- Average total assets
- $724.0M
- Average total loans
- $452.4M
- Average interest-bearing deposits
- $497.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1607
- Fed RSSD
- 10250
- Website
- www.thebankofelkriver.com →
- Parent Holding Company
- METRO NORTH BANCSHARES, INC. (RSSD 3027268)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The Bank of Elk River's total assets ran between $640.6M (Q3 2023) and $719.1M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$719.1M total assets against $702.5M; $670.0M total liabilities against $659.7M.
$452.3M net loans and leases against $417.9M; $661.2M total deposits against $655.7M.
$232.4M securities against $251.0M; $15.7M cash and balances due against $17.1M.
$8.9M total interest income against $8.2M; $2.5M total interest expense against $2.7M.
$6.3M net interest income against $5.6M.
$1.1M total noninterest income against $1.1M; $5.0M total noninterest expense against $4.7M.
$470K provision for credit losses against $250K.
$1.8M net income against $1.5M.
0.99% return on assets against 0.85%; 3.68% net interest margin against 3.27%.
13.64% CET1 capital ratio against 13.86%; 9.14% tier 1 leverage ratio against 8.76%.
Inside the full The Bank of Elk River terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Bank of Elk River rankings
Its closest position to the top of a national ranking is 646 of 3,640, for Texas Ratio; its furthest is 2,521 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.66% (Q1 2026) to 1.12% (Q3 2025) and its net interest margin ran from 2.97% (Q3 2024) to 3.68% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.64% | 0.99% | 1.20% | 9.93% | 3.68% |
| Q1 2026 | 13.81% | 0.66% | 0.90% | 7.78% | 3.44% |
| Q4 2025 | 14.00% | 1.01% | 0.03% | 0.07% | 3.57% |
| Q3 2025 | 14.15% | 1.12% | 0.04% | 0.11% | 3.42% |
| Q2 2025 | 13.86% | 0.85% | 0.24% | 0.09% | 3.27% |
| Q1 2025 | 13.99% | 0.86% | 0.07% | 0.19% | 3.21% |
| Q4 2024 | 14.04% | 0.96% | 0.04% | 0.40% | 3.10% |
| Q3 2024 | 13.72% | 0.80% | 0.04% | 0.37% | 2.97% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The Bank of Elk River | Elk River , MN | 55330 | $373.3M |
| School Street Office | Elk River , MN | 55330 | $98.0M |
| Otsego Office | Otsego , MN | 55330 | $95.0M |
| Zimmerman Office Branch | Zimmerman , MN | 55398 | $94.9M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, METRO NORTH BANCSHARES, INC., not the bank itself
- July 23, 2010, Federal Reserve: Written Agreement: Metro North Bancshares, Inc., Elk River, Minnesota
- Period: Most recent institution action July 23, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in MN, rank 44 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 117 applications, 95 loans originated, $40.8M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $820K approved, $205K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Bank of Elk River
What are The Bank of Elk River's total assets?
As of the Q2 2026 filing, The Bank of Elk River reported total assets of $719.1 million in its FFIEC call report.
Where is The Bank of Elk River headquartered?
It is headquartered in Elk River, MN, United States.
When was The Bank of Elk River founded?
It was established in 1885, per the FDIC institution directory.
Is The Bank of Elk River FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1607). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Bank of Elk River?
The Bank of Elk River's primary federal regulator is the FDIC.
What is The Bank of Elk River's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.64% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Bank of Elk River operate?
It 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 The Bank of Elk River's Texas Ratio?
Its Texas Ratio is 9.93% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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