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First Independent Bank

$100M-$1B Specialty: Agricultural MN FDIC cert 1900

Russell, MN

12 branches across MN

2664 banks in the $100M-$1B peer group nationally 152 in MN
View $100M-$1B leaderboard (MN) →

First Independent Bank has 3 strengths but faces 2 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + ROA 0.12% above tier average
  • + Efficiency Ratio 8.97% below tier average
  • + Delinquency Rate 0.71% below tier average

Key Concerns

Areas that may need attention

  • - Non-Interest Income / Assets 0.25% below tier average
  • - Net Interest Margin 0.10% below tier average
Get updates when First Independent Bank releases new data →

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $634.1M
+20.9% YoY +5.7% QoQ
+$248.0M $386.1M
+0.5% YoY
$512.9M
+5.5% YoY
$6.2B
+9.1% YoY
83%
Total Loans ? $421.6M
+23.0% YoY +5.0% QoQ
+$165.9M $255.7M
+1.1% YoY
$288.3M
+6.9% YoY
$3.2B
+10.8% YoY
82%
Total Deposits ? $537.4M
+24.0% YoY +5.9% QoQ
+$209.5M $328.0M
+0.1% YoY
$443.8M
+5.0% YoY
$4.8B
+8.2% YoY
83%
Return on Assets ? 1.39%
+52.6% YoY +24.6% QoQ
+0.12% 1.27%
+12.9% YoY
1.13%
+10.7% YoY
1.23%
+13.4% YoY
61%
Net Interest Margin ? 3.83%
+14.4% YoY +6.5% QoQ
-0.10% 3.93%
+6.0% YoY
3.93%
+7.5% YoY
3.89%
+5.7% YoY
48%
Efficiency Ratio ? 56.32%
-15.4% YoY -5.8% QoQ
-8.97% 65.29%
-4.5% YoY
64.77%
-3.3% YoY
66.95%
-4.1% YoY
70%
Delinquency Rate ? 0.18%
-23.5% YoY +7.9% QoQ
-0.71% 0.89%
+18.8% YoY
1.04%
+28.9% YoY
0.95%
+18.8% YoY
67%
Loan-to-Deposit Ratio ? 78.46%
-0.8% YoY -0.8% QoQ
+1.82% 76.64%
+0.8% YoY
76.69%
-0.4% YoY
76.70%
+0.9% YoY
50%
Non-Interest-Bearing Deposit Share ? 26.43%
-0.3% YoY -4.0% QoQ
+4.41% 22.02%
-1.0% YoY
21.87%
-0.9% YoY
22.01%
-1.2% YoY
71%
Nonperforming Asset Ratio ? 0.15%
-5.2% YoY +4.3% QoQ
-0.49% 0.64%
+19.7% YoY
0.77%
+27.1% YoY
0.67%
+19.3% YoY
65%
Tier 1 Capital Ratio ? 12.31%
+16.2% YoY +19.4% QoQ
-3.52% 15.83%
+1.5% YoY
15.37%
+0.7% YoY
17.06%
+0.8% YoY
39%
Non-Interest Income / Assets ? 0.03%
-9.8% YoY -81.4% QoQ
-0.25% 0.28%
+9.3% YoY
0.16%
+5.0% YoY
0.32%
+4.1% YoY
Bottom 8.3% in tier

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 are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2664 peers in $100M-$1B

Top Strengths (3 metrics)

452
Total Assets
size
Value: $634.13M
Peer Median: $386.08M
#452 of 2664 Top 16.9% in $100M-$1B
459
Total Deposits
size
Value: $537.42M
Peer Median: $327.97M
#459 of 2664 Top 17.2% in $100M-$1B
487
Total Loans
size
Value: $421.64M
Peer Median: $255.72M
#487 of 2664 Top 18.2% in $100M-$1B

Top Weaknesses (1 metrics)

2443
Non-Interest Income / Assets
revenue_mix
Value: 0.03%
Peer Median: 0.28%
#2443 of 2664 Bottom 8.3% in $100M-$1B
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