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 First Independent Bank
First Independent Bank
| RSSD ID 761851 | CERTIFICATE 1900 | ABA NUMBER 91209247 |
| 300 Front St |
Quarter Ended : |
2025-03-31 |
| Russell, Minnesota, 56169 |
Updated : |
2025-04-23 |
| 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 : |
11 |
Number of Employees : |
80 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 524,396 |
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Total Interest Income | 6,616 |
| Total Liabilities | 482,998 |
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Total NonInterest Income | 177 |
| Total Bank Equity Capital | 41,398 |
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Total Interest Expense | 2,486 |
| Total Deposits | 433,395 |
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Total NonInterest Expense | 2,922 |
| Net Loans & Leases | 342,932 |
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Net Income | 1,196 |
| Loan Loss Allowance | 4,276 |
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Net Charge Offs | 36 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 49,901 |
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Total loans | 334,256 |
| Total assets for the leverage ratio | 528,594 |
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Loans secured by real estate: | 178,215 |
| Tier 1 Leverage Ratio | 8.58 |
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Commercial and industrial loans | 26,230 |
| Tier 1 Capital Ratio | 10.59 |
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Loans to individuals - Credit Cards | 489 |
| Total Capital Ratio | 11.65 |
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Loans to individuals - Other | 5,670 |
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:· First Independent Bank
