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 First Independent Bank
First Independent Bank
| RSSD ID 761851 | CERTIFICATE 1900 | ABA NUMBER 91209247 |
| 300 Front St |
Quarter Ended : |
2025-06-30 |
| Russell, Minnesota, 56169 |
Updated : |
2025-08-13 |
| www.fibmn.com |
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| Institution Profile |
| Year Opened : |
1903 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
12 |
Number of Employees : |
82 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 546,544 |
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Total Interest Income | 13,509 |
| Total Liabilities | 502,473 |
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Total NonInterest Income | 469 |
| Total Bank Equity Capital | 44,071 |
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Total Interest Expense | 4,954 |
| Total Deposits | 447,626 |
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Total NonInterest Expense | 5,566 |
| Net Loans & Leases | 356,968 |
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Net Income | 3,268 |
| Loan Loss Allowance | 4,678 |
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Net Charge Offs | (266) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 52,656 |
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Total loans | 352,934 |
| Total assets for the leverage ratio | 528,704 |
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Loans secured by real estate: | 192,480 |
| Tier 1 Leverage Ratio | 9.05 |
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Commercial and industrial loans | 27,068 |
| Tier 1 Capital Ratio | 11.56 |
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Loans to individuals - Credit Cards | 324 |
| Total Capital Ratio | 12.73 |
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Loans to individuals - Other | 6,176 |
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:· First Independent Bank
