Minnesota First Credit and Savings, Incorporated
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Data as of · sourced from FFIEC call reports. How we update
Minnesota First Credit and Savings, Incorporated is an FDIC-insured commercial bank headquartered in Rochester, MN, established in 1956 (FDIC certificate 26755), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $29.9M, up 9.3% from Q2 2025, the 218th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 19.92% 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
- 26755
- Headquarters
- Rochester, MN
- Established
- 1956
- Total assets, Q2 2026
- $29.9M
- Assets vs Q2 2025
- +9.3%
- CET1 ratio, Q2 2026
- 19.92%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091971627
- Latest call report
- Q2 2026, FFIEC 051 · Minnesota First Credit and Savings, Incorporated call report
- Holding company
- MINNESOTA THRIFT COMPANY
- Asset rank in state
- 218th of 221 in Minnesota
Minnesota First Credit and Savings, Incorporated pays more for its money than most banks of its size. The Rochester, Minnesota bank had $30 million in assets at June 30, 2026, up 9.3% from a year earlier. It pays an average of 3.85% on its deposits and borrowings, 2.5 times the median of 1.53% for the 583 banks with less than $100 million in assets. It also spends about 92 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 69 cents).
Earnings fell sharply: quarterly net income of $24,000 was 33% below a year earlier. Profitability lags: it returns 2.3% a year on shareholders' equity, a small fraction of the median of 8.6% for banks its size.
As of June 30, 2026, Minnesota First Credit and Savings, Incorporated reported a CET1 capital ratio of 19.92%, a return on assets of 0.32%, a nonperforming-loan ratio of 0.12% and a Texas ratio of 0.71%. The figures come from its call report filed with the FFIEC.
Minnesota First Credit and Savings, Incorporated ranks as the 218th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.4% to $29.9M, loans rose 3.3% and deposits fell 0.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 61.9% of total loans, followed by auto loans at 17.3%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in MN; its Rochester office books 74% of its branch deposits. Judged on its Q2 2026 call report, Minnesota First Credit and Savings, Incorporated meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1932 Viking Dr Nw, Rochester, MN 55901
- County
- Olmsted
- Metro Area
- Rochester, MN
- 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, 1956
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 6
- Domestic deposits
- $24.9M
- Allowance for credit losses
- $409K
- Net charge-offs (YTD)
- $0
- Average total assets
- $29.9M
- Average total loans
- $26.0M
- Average interest-bearing deposits
- $24.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 7, 1986
- FDIC Cert
- 26755
- Fed RSSD
- 821559
- Website
- www.mnfirst.com →
- Parent Holding Company
- MINNESOTA THRIFT COMPANY (RSSD 4805801)
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, Minnesota First Credit and Savings, Incorporated's total assets ran between $24.4M (Q3 2023) and $30.0M (Q1 2026), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$29.9M total assets against $27.3M; $25.7M total liabilities against $23.2M.
$26.5M net loans and leases against $24.7M; $24.9M total deposits against $22.7M.
$0 securities against $0; $2.6M cash and balances due against $1.9M.
$553K total interest income against $527K; $240K total interest expense against $237K.
$313K net interest income against $290K.
$5K total noninterest income against $23K; $293K total noninterest expense against $275K.
No provision recorded in the last 12 quarters.
$24K net income against $36K.
0.32% return on assets against 0.53%; 4.34% net interest margin against 4.50%.
19.92% CET1 capital ratio against 21.33%; 14.16% tier 1 leverage ratio against 15.22%.
Inside the full Minnesota First Credit and Savings, Incorporated 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.
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.
Minnesota First Credit and Savings, Incorporated rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.21% (Q3 2024) to 0.55% (Q3 2025) and its net interest margin ran from 3.95% (Q1 2025) to 4.61% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.92% | 0.32% | 0.12% | 0.71% | 4.34% |
| Q1 2026 | 20.86% | 0.30% | 0.11% | 0.61% | 4.15% |
| Q4 2025 | 20.81% | 0.27% | 0.18% | 1.00% | 4.24% |
| Q3 2025 | 20.72% | 0.55% | 0.26% | 1.48% | 4.61% |
| Q2 2025 | 21.33% | 0.53% | 0.11% | 0.61% | 4.50% |
| Q1 2025 | 21.75% | 0.13% | 0.12% | 0.62% | 3.95% |
| Q4 2024 | 22.11% | 0.19% | 0.12% | 0.64% | 4.30% |
| Q3 2024 | 22.52% | -0.21% | 0.12% | 0.62% | 4.10% |
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 |
|---|---|---|---|
| Minnesota First Credit and Savings, Incorporated (main office) | Rochester , MN | 55901 | $18.5M |
| Owatonna Branch | Owatonna , MN | 55060 | $3.5M |
| Red Wing Branch | Red Wing , MN | 55066 | $1.6M |
| Winona Branch | Winona , MN | 55987 | $1.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 271 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 Minnesota First Credit and Savings, Incorporated
What are Minnesota First Credit and Savings, Incorporated's total assets?
As of the Q2 2026 filing, Minnesota First Credit and Savings, Incorporated reported total assets of $29.9 million in its FFIEC call report.
Where is Minnesota First Credit and Savings, Incorporated headquartered?
It is headquartered in Rochester, MN, United States.
When was Minnesota First Credit and Savings, Incorporated founded?
It was established in 1956, per the FDIC institution directory.
Is Minnesota First Credit and Savings, Incorporated FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #26755). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Minnesota First Credit and Savings, Incorporated?
Minnesota First Credit and Savings, Incorporated's primary federal regulator is the FDIC.
What is Minnesota First Credit and Savings, Incorporated's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.92% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Minnesota First Credit and Savings, Incorporated 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 Minnesota First Credit and Savings, Incorporated's Texas Ratio?
Its Texas Ratio is 0.71% 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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