BANK OF ELK RIVER
ELK RIVER, MINNESOTA · FDIC Cert #1607
Capital & Safety Analysis
According to FDIC financial data, BANK OF ELK RIVER holds a Tier 1 capital ratio of 13.49%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning BANK OF ELK RIVER has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
BANK OF ELK RIVER shows strong financial health indicators. With $675M in assets and a Health Score of 90/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
BANK OF ELK RIVER has a Bank Health Score of A (90/100). It holds a Tier 1 capital ratio of 13.49%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
BANK OF ELK RIVER holds $675M in total assets and $612M in total deposits. It is located in ELK RIVER, MINNESOTA (FDIC Certificate #1607).
BANK OF ELK RIVER has a Tier 1 capital ratio of 13.49%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.04%, and the return on assets is 0.70%.
Yes. BANK OF ELK RIVER is FDIC-insured (Certificate #1607). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.