Minnesota 1st Credit&Svg INC
Rochester, Minnesota · FDIC Cert #26755
Minnesota 1st Credit&Svg INC is an FDIC-insured bank (Certificate #26755) with $25M in total assets and $19M in total deposits as of the Q2 2024 Call Report. Headquartered in Rochester, Minnesota, the bank maintains a Tier 1 capital ratio of 23.17% (Well-Capitalized) and a nonperforming loan ratio of 0.00%. BankHealthData assigns a composite Health Grade of B (70/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Minnesota 1st Credit&Svg INC (FDIC cert 26755) is a community bank — $25M in total assets, $19M in deposits, serving the Rochester, Minnesota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 23.17% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.00% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 7.0% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is minimal: ROA of 0.19% indicates the bank is barely profitable on an assets basis. Multiple quarters of minimal profitability eventually challenge capital growth and regulatory standing. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. Minnesota 1st Credit&Svg INC carries a composite BankHealth grade of B (70/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Minnesota 1st Credit&Svg INC
- Total Assets
- $25M
- Total Deposits
- $19M
- Tier 1 Capital Ratio
- 23.17%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.00%
- Liquidity Ratio
- 7.00%
- Return on Assets
- 0.19%
- Headquarters
- Rochester, Minnesota
- FDIC Certificate
- #26755
- Health Grade
- B (70/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Minnesota 1st Credit&Svg INC holds a Tier 1 capital ratio of 23.17%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Minnesota 1st Credit&Svg INC has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Minnesota 1st Credit&Svg INC shows strong financial health indicators. With $25M in assets and a Health Score of 70/100, 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.
How Minnesota 1st Credit&Svg INC Compares
Minnesota 1st Credit&Svg INC’s Health Score of 70 is 3 points below the Minnesota state average of 73 across 225 FDIC-insured banks. Its 23.17% Tier 1 capital ratio is 9.2 points above the US banking industry average near 14%. The 0.00% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.19% is below the national ROA benchmark of ~1.1%. Among 189 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort.
Frequently Asked Questions
Minnesota 1st Credit&Svg INC has a Bank Health Score of B (70/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 23.17%, 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 failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Minnesota 1st Credit&Svg INC's Tier 1 capital ratio of 23.17% and nonperforming loan ratio of 0.00% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Minnesota 1st Credit&Svg INC is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #26755). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Minnesota 1st Credit&Svg INC holds $25M in total assets and $19M in total deposits. It is headquartered in Rochester, Minnesota (FDIC Certificate #26755).
Minnesota 1st Credit&Svg INC has a Tier 1 capital ratio of 23.17%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.00%, and the return on assets is 0.19%.
Yes. Minnesota 1st Credit&Svg INC is FDIC-insured (Certificate #26755). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Minnesota 1st Credit&Svg INC's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.