First Independent Bank
Russell, MN · Cert 1900 · Peer group: banks under $1B in assets in MN (n=111-113) · Finlayson Bancshares Inc.
State charter, non-member · FDIC · 1 affiliate bank · 12 branches (24 in holding)
Q2 2026
$632.3MAssets
$443.4MLoans
$533.0MDeposits
$61.2MEquity
Executive Summary
- Strongest standing: efficiency ratio outperforms 84% of banks under $1B in assets in MN (rank 19 of 113).
- Widest gap: net charge-offs / loans trails 70% of banks under $1B in assets in MN (rank 79 of 111).
- Overall: at or above the peer median on 4 of 9 directional measures.
Return on Assets
1.21%
Rank 56 of 113
Net Interest Margin
3.61%
Rank 76 of 113
Efficiency Ratio
51.95%
Rank 19 of 113
Equity / Assets
9.68%
Rank 67 of 113
Non-interest income vs. expense
Unfavorable gap of $10.0M · efficiency ratio beats 84% of banks under $1B in assets in MN | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|
| Earnings |
| Return on Assets | 1.21% | 0.87% | 1.20% | 1.41% | Beats 50% | 56 / 113 | | |
| Return on Equity | 12.45% | 8.92% | 11.27% | 13.99% | Beats 62% | 43 / 113 | | |
| Net Interest Margin | 3.61% | 3.42% | 3.88% | 4.31% | Beats 33% | 76 / 113 | | |
| Efficiency Ratio | 51.95% | 54.13% | 61.48% | 69.86% | Beats 84% | 19 / 113 | | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.14% | 0.09% | 0.58% | 1.82% | Beats 70% | 34 / 111 | | |
| Net Charge-Offs / Loans | 0.03% | n/a | 0.00% | 0.04% | Beats 30% | 79 / 111 | | |
| Capital |
| Tier 1 Capital Ratio | 12.26% | 11.53% | 13.31% | 18.13% | Beats 40% | 68 / 113 | | |
| Total Risk-Based Capital Ratio | 13.49% | 12.12% | 14.43% | 19.39% | Beats 45% | 62 / 113 | | |
| Equity / Assets | 9.68% | 8.52% | 10.10% | 11.94% | Beats 41% | 67 / 113 | | |
| Liquidity & Funding |
| Loans / Deposits | 83.19% | 62.08% | 77.32% | 88.06% | 64th pctl | 40 / 111 | | |
| Loans / Assets | 70.12% | 55.01% | 66.35% | 75.50% | 58th pctl | 47 / 113 | | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |