First Resource Bank (Lino Lakes, MN)
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Data as of · sourced from FFIEC call reports. How we update
First Resource Bank is an FDIC-insured commercial bank headquartered in Lino Lakes, MN, established in 2005 (FDIC certificate 58039), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.08B, up 47.4% from Q2 2025, the 15th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 11.62% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58039
- Headquarters
- Lino Lakes, MN
- Established
- 2005
- Total assets, Q2 2026
- $1.08B
- Assets vs Q2 2025
- +47.4%
- CET1 ratio, Q2 2026
- 11.62%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 091916899
- Latest call report
- Q2 2026, FFIEC 051 · First Resource Bank call report
- Holding company
- AMERI FINANCIAL GROUP, INC.
- Asset rank in state
- 15th of 221 in Minnesota
First Resource Bank operates with a thinner capital cushion than most banks of its size. It reported $1.1 billion in assets at June 30, 2026, up 47.4% from a year earlier. It funds 8.34% of its assets with Tier 1 capital, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). On the other hand, it holds about a fifth of its deposits (15%) above the FDIC insurance limit, about half the median of 30.9% for banks its size. It has also been growing, with assets up 47.4% in a year.
Earnings jumped: net income for the quarter was $2.7 million, 83% above the same quarter a year earlier. Over the same year, loans grew 27.5% and deposits grew 48.5%. Concentration is the risk to watch: it holds commercial real estate loans worth 3.3 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, First Resource Bank reported a CET1 capital ratio of 11.62%, a return on assets of 1.05%, a nonperforming-loan ratio of 0.09% and a Texas ratio of 0.77%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, First Resource Bank is the 15th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 25.1% to $1.08B, loans rose 11.1% and deposits rose 29.8%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 27.5% of total loans, followed by non-owner-occupied commercial real estate loans at 18.7%. Its 8 offices in the FDIC Summary of Deposits are in 8 cities across 2 states; its Stillwater office books 37% of its branch deposits. On its Q2 2026 call report, First Resource Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 7449 Village Dr, Lino Lakes, MN 55014
- County
- Anoka
- 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
- June 27, 2005
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 112
- Domestic deposits
- $893.3M
- Allowance for credit losses
- $8.4M
- Net charge-offs (YTD)
- $2.3M
- Average total assets
- $1.03B
- Average total loans
- $774.4M
- Average interest-bearing deposits
- $667.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 27, 2005
- FDIC Cert
- 58039
- Fed RSSD
- 3314043
- SEC CIK
- 2117073 → filed by AMERI FINANCIAL GROUP, INC.
- Website
- www.myfrbank.com →
- Parent Holding Company
- AMERI FINANCIAL GROUP, INC. (RSSD 4974293)
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
First Resource Bank's total assets moved between a low of $529.7M (Q3 2023) and a high of $1.08B (Q2 2026) from Q3 2023 to 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
$1.08B total assets against $735.9M; $984.1M total liabilities against $674.4M.
$781.3M net loans and leases against $612.5M; $893.3M total deposits against $601.6M.
$169.9M securities against $40.5M; $86.2M cash and balances due against $58.4M.
$14.3M total interest income against $9.9M; $4.5M total interest expense against $3.6M.
$9.8M net interest income against $6.2M.
$971K total noninterest income against $434K; $6.7M total noninterest expense against $4.1M.
$250K provision for credit losses against $425K.
$2.7M net income against $1.5M.
1.05% return on assets against 0.85%; 3.87% net interest margin against 3.55%.
11.62% CET1 capital ratio against 10.51%; 8.34% tier 1 leverage ratio against 8.13%.
Inside the full First Resource Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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.
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 Resource Bank rankings
Its closest position to the top of a national ranking is 960 of 4,196, for total assets; its furthest is 889 of 980, for uninsured deposits.
Banks merged into First Resource Bank
- First State Bank of Wyoming, effective April 10, 2026
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.22% (Q4 2025) to 1.05% (Q2 2026) and its net interest margin ran from 2.90% (Q3 2024) to 3.87% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.62% | 1.05% | 0.09% | 0.77% | 3.87% |
| Q1 2026 | 12.15% | 0.70% | 0.32% | 2.66% | 3.59% |
| Q4 2025 | 10.16% | 0.22% | 0.55% | 5.54% | 3.71% |
| Q3 2025 | 10.38% | 0.89% | 0.09% | 0.85% | 3.59% |
| Q2 2025 | 10.51% | 0.85% | 0.30% | 2.89% | 3.55% |
| Q1 2025 | 11.13% | 0.75% | 0.32% | 2.99% | 3.19% |
| Q4 2024 | 11.01% | 0.81% | 0.03% | 0.29% | 3.17% |
| Q3 2024 | 10.91% | 0.77% | 0.01% | 0.10% | 2.90% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Stillwater Branch | Stillwater , MN | 55082 | $328.4M |
| First Bank of Wyoming Branch | Wyoming , MN | 55092 | $165.7M |
| Saint Croix Falls Branch | Saint Croix Falls , WI | 54024 | $148.9M |
| First Resource Bank (main office) | Lino Lakes , MN | 55014 | $82.9M |
| Lindstrom Branch | Lindstrom , MN | 55045 | $67.1M |
| Minneapolis Branch | Minneapolis , MN | 55415 | $56.1M |
| Detached Facility | Stacy , MN | 55079 | $29.2M |
| Forest Lake Branch | Forest Lake , MN | 55025 | $15.0M |
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 |
|---|---|---|---|
| April 10, 2026 | Structure Change | Acquired First State Bank of Wyoming Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 9, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 10, 2022 | Structure Change | Acquired Lake Area Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 9, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 16, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 14, 2018 | Structure Change | Acquired Eagle Valley Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 28, 2012 | Structure Change | Acquired Patriot Bank Minnesota Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 27, 2012 | Merger | Participated in FDIC Assisted Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MN, rank 39 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 72 applications, 69 loans originated, $74.0M originated, across 7 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 35 loans, $24.0M approved, $685K 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
- Enforcement actions, 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 First Resource Bank
What are First Resource Bank's total assets?
As of the Q2 2026 filing, First Resource Bank reported total assets of $1.08 billion in its FFIEC call report.
Where is First Resource Bank headquartered?
It is headquartered in Lino Lakes, MN, United States.
When was First Resource Bank founded?
It was established in 2005, per the FDIC institution directory.
Is First Resource Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58039). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Resource Bank?
First Resource Bank's primary federal regulator is the FDIC.
What is First Resource Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.62% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Resource Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Resource Bank's Texas Ratio?
Its Texas Ratio is 0.77% 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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