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 First Independent Bank
First Independent Bank
| RSSD ID 761851 | CERTIFICATE 1900 | ABA NUMBER 91209247 |
| 300 Front St |
Quarter Ended : |
2025-09-30 |
| Russell, Minnesota, 56169 |
Updated : |
2025-10-20 |
| 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 : |
85 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 575,207 |
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Total Interest Income | 21,190 |
| Total Liabilities | 529,707 |
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Total NonInterest Income | 740 |
| Total Bank Equity Capital | 45,500 |
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Total Interest Expense | 7,748 |
| Total Deposits | 484,395 |
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Total NonInterest Expense | 8,903 |
| Net Loans & Leases | 380,846 |
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Net Income | 4,742 |
| Loan Loss Allowance | 4,713 |
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Net Charge Offs | 49 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 51,655 |
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Total loans | 379,212 |
| Total assets for the leverage ratio | 582,667 |
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Loans secured by real estate: | 210,877 |
| Tier 1 Leverage Ratio | 8.03 |
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Commercial and industrial loans | 35,353 |
| Tier 1 Capital Ratio | 9.99 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.02 |
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Loans to individuals - Other | 7,096 |
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:· First Independent Bank
