Vitals
  • Total Assets
    283.4M -3.2 %
  • Total Deposits
    228.5M -1.5 %
  • Total Net Loans
    207.9M -1.8 %
  • Net Income
    4.4M 41.1 %
  • Book Value
    29.8M 6.9 %
  • Book Value x2
    59.7M 6.9 %
  • Book Value x3
    89.5M 6.9 %
ROAA

1.603

ROAE

15.088

Efficiency Ratio

50.535

Net Interest Margin

4.39

Balance Sheet Highlights
Financial Highlights First Independent Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 283,364 147,703
Total Net Loans 207,880 97,223
Total Deposits 228,523 126,600
Total Equity 29,837 15,565
Profitability
Net Income 4,448 1,683
Return on Average Assets 1.603 1.08
Return on Average Equity 15.088 9.905
Net Interest Margin 4.39 3.845
Efficiency Ratio 50.535 68.21
Noninterest Income/Revenue 6.787 13.68
Balance Sheet Ratios
Loan-to-Deposit 90.967 75.205
Securities/Assets .185 .174
Total Equity/Total Assets .105 .105
Tangible Equity/Tangible Assets .103 .103
Capital Adequacy
Tier 1 Common Capital 29,062 15,225
Tier 1 Capital 29,062 15,232
Tier 2 Capital 3,017 1,135
Total Capital 32,079 16,386
Total Risk Weighted Assets 240,660 105,251
Leverage Ratio 10.46 10.475
Common Equity Tier 1 Capital Ratio 12.08 15.3
Tier 1 Capital Ratio 12.08 15.308
Total Capital Ratio 13.33 16.398

Timeline for First Independent Bank

The Buffalo Ridge Bank

Acquisition: First Independent Bank acquired a new subsidiary, The Buffalo Ridge Bank, 11 years

View Profile Mar 16 2013

State Bank Of Lucan

Acquisition: First Independent Bank acquired a new subsidiary, State Bank Of Lucan, 12 years

View Profile Dec 31 2011

First Independent Bank Of Wood Lake

Acquisition: First Independent Bank acquired a new subsidiary, First Independent Bank Of Wood Lake, 15 years

View Profile Nov 29 2008

Finlayson Bancshares, Inc.

Finlayson Bancshares, Inc. became a new parent organization for First Independent Bank.

View Profile Oct 01 1982

First Independent Bank

First Independent Bank was established 121 years ago and is currently headquartered in Russell, MN.

Jan 01 1903
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
The Buffalo Ridge Bank Seller 49,153 Acquisition Discontinued 3/16/2013
State Bank Of Lucan Seller 41,119 Acquisition Discontinued 12/31/2011
First Independent Bank Of Wood Lake Seller 17,237 Pooling of Interests Discontinued 11/29/2008
Relationships Role Relationship Start Relationship End
Finlayson Bancshares, Inc. Parent 3/31/1984
Finlayson Bancshares, Inc. Parent 10/1/1982 3/30/1984
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