BlastPoint's Banking Scorecard
First Independent Bank
Russell, MN
12 branches across MN
NEW · Q2 2026 RECAP
Your Quarter, Wrapped
A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.
Q2 2026 at a glance
- 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
- Deposits +19.1% year over year ($533.0M on the books).
- Delinquency rate 0.14%.
- Return on assets 1.55%.
- Efficiency ratio 49.30% vs a 64.48% peer average.
- Loan-to-deposit ratio 82.04% vs a 77.95% peer average.
Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.
First Independent Bank has 3 strengths but faces 1 concern
Key Strengths
Areas where this bank excels compared to peers
- + ROA 0.23% above tier average
- + Efficiency Ratio 15.18% below tier average
- + Delinquency Rate 0.78% below tier average
Key Concerns
Areas that may need attention
- - Net Interest Margin 0.07% below tier average
Core Metrics
As of 2026-Q2
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$632.3M
+15.7% YoY
-0.3% QoQ
|
+$245.8M |
$386.6M
+1.2% YoY
|
$524.5M
+5.8% YoY
|
$6.3B
+7.7% YoY
|
83% |
| Total Loans ? |
$437.3M
+22.5% YoY
+3.7% QoQ
|
+$178.9M |
$258.3M
+1.7% YoY
|
$300.2M
+7.3% YoY
|
$3.2B
+9.4% YoY
|
83% |
| Total Deposits ? |
$533.0M
+19.1% YoY
-0.8% QoQ
|
+$206.3M |
$326.7M
+0.7% YoY
|
$452.1M
+5.5% YoY
|
$4.9B
+7.3% YoY
|
83% |
| Return on Assets ? |
1.55%
+26.5% YoY
+11.8% QoQ
|
+0.23% |
1.32%
+10.8% YoY
|
1.26%
+17.2% YoY
|
1.30%
+12.1% YoY
|
68% |
| Net Interest Margin ? |
3.92%
+14.4% YoY
+2.2% QoQ
|
-0.07% |
3.99%
+5.0% YoY
|
4.00%
+6.8% YoY
|
3.95%
+4.9% YoY
|
49% |
| Efficiency Ratio ? |
49.30%
-18.6% YoY
-12.5% QoQ
|
-15.18% |
64.48%
-3.2% YoY
|
63.00%
-3.5% YoY
|
70.05%
+2.5% YoY
|
85% |
| Delinquency Rate ? |
0.14%
-43.1% YoY
-20.1% QoQ
|
-0.78% |
0.92%
+15.7% YoY
|
1.01%
+19.3% YoY
|
0.98%
+16.3% YoY
|
70% |
| Loan-to-Deposit Ratio ? |
82.04%
+2.9% YoY
+4.6% QoQ
|
+4.09% |
77.95%
+1.0% YoY
|
78.29%
-0.6% YoY
|
79.03%
+2.3% YoY
|
45% |
| Non-Interest-Bearing Deposit Share ? |
26.11%
+8.5% YoY
-1.2% QoQ
|
+4.08% |
22.03%
-0.6% YoY
|
21.79%
+0.9% YoY
|
21.98%
-0.6% YoY
|
70% |
| Nonperforming Asset Ratio ? |
0.10%
-39.8% YoY
-34.6% QoQ
|
-0.57% |
0.67%
+16.4% YoY
|
0.76%
+16.9% YoY
|
0.69%
+15.8% YoY
|
72% |
| Tier 1 Capital Ratio ? |
12.26%
+6.0% YoY
-0.4% QoQ
|
-3.65% |
15.91%
+1.4% YoY
|
15.35%
-0.4% YoY
|
17.09%
+0.8% YoY
|
39% |
| Non-Interest Income / Assets ? |
0.30%
+254.0% YoY
+898.2% QoQ
|
-0.26% |
0.57%
+7.6% YoY
|
0.31%
+3.9% YoY
|
0.66%
+5.2% YoY
|
73% |
Additional Detail
Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2
Additional Detail
Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2
Deposit Composition
% of total deposits
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Noninterest-Bearing |
26.1%
+2.1pp YoY -0.3pp QoQ |
+4.0pp | 22.1% | 21.9% | 22.2% | 70% |
| Brokered Deposits |
6.3%
-3.5pp YoY +0.1pp QoQ |
-1.5pp | 7.9% | 8.3% | 8.5% | 60% |
Loan Composition
% of total loans & leases
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| C&I |
8.9%
-1.5pp YoY +1.2pp QoQ |
-2.6pp | 11.6% | 14.6% | 12.5% | 46% |
| CRE |
18.7%
+2.5pp YoY -0.4pp QoQ |
-20.8pp | 39.5% | 36.5% | 41.4% | 16% |
| 1-4 Family |
14.1%
-0.5pp YoY +0.4pp QoQ |
-18.5pp | 32.6% | 29.4% | 31.3% | 18% |
| Consumer |
1.8%
-0.3pp YoY -0.1pp QoQ |
-2.4pp | 4.1% | 4.5% | 5.0% | 44% |
Capital
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| CET1 Ratio |
12.3%
+0.7pp YoY -0.1pp QoQ |
-6.6pp | 18.8% | 16.5% | 19.7% | 20% |
| Leverage Ratio |
9.9%
+0.8pp YoY 0.0pp QoQ |
-2.3pp | 12.2% | 11.0% | 12.6% | 28% |
| Total Capital Ratio |
13.5%
+0.8pp YoY +0.1pp QoQ |
-6.4pp | 19.9% | 17.6% | 20.8% | 22% |
Efficiency & Staffing
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Full-Time Employees |
90
+8 (+9.8%) YoY +4 (+4.7%) QoQ |
+31 | 58 | 55 | 482 | 82% |
| Assets per Employee ($) |
$7.0M
+5.4% YoY -4.7% QoQ |
-$492K | $7.5M | $8.6M | $8.8M | 52% |
| Branch Count |
12
+1 (+9.1%) YoY 0 QoQ |
+7 | 4 | 4 | 18 | 95% |
Asset Quality
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Past Due 90+ Days | n/a | n/a | 0.3% | 0.4% | 0.4% | n/a |
| Nonaccrual |
0.1%
0.0pp YoY 0.0pp QoQ |
-0.8pp | 0.9% | 1.0% | 1.0% | 24% |
| Allowance Coverage |
9.94x
+87.2% YoY +49.2% QoQ |
-14.21x | 24.15x | 20.41x | 20.23x | 82% |
| Net Charge-off Rate (YTD) |
0.0%
+0.2pp YoY 0.0pp QoQ |
-0.1pp | 0.1% | 0.2% | 0.2% | 50% |
Profitability
| Metric | Current | vs Tier | Tier Avg | State Avg (MN) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| ROE |
17.2%
+1.6pp YoY +1.2pp QoQ |
+5.1pp | 12.2% | 13.1% | 11.6% | 78% |
| Cost of Funds (YTD) |
1.8%
-0.1pp YoY 0.0pp QoQ |
+0.1pp | 1.7% | 1.7% | 1.7% | 61% |
| Net Income ($, YTD) |
$4.8M
+47.7% YoY — QoQ |
+$2.3M | $2.6M | $4.5M | $40.4M | 86% |
Get Full Access to First Independent Bank
Unlock complete metrics, peer benchmarks, and signature insights for this and every other FDIC-insured bank - always free
Check your email at - link expires in 72 hours
Want to see an example first? Preview JPMorgan Chase's scorecard →
Signature Analysis
Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.
Strengths (0)
Concerns (0)
Metric Rankings
See how this bank ranks across all tracked metrics compared to peers.