First Bank Blue Earth

Headquarters

306 South Main Street
Blue Earth, MN 56013
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.66% →
1-Year CD 0.50% 0.67% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.90% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Bank Blue Earth is an FDIC insured institution located in Blue Earth, MN. It was founded in 1869 and has approximately $0.28 billion in assets.

FDIC Insured Yes
FDIC Certificate # 5097
Date Established 1869
Assets $ 282.95 million
Loans $ 168.06 million
Deposits $ 250.79 million
Capital $ 28.69 million
 

For a more detailed analysis of First Bank Blue Earth's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Bank Blue Earth

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to First Bank Blue Earth
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Bank Blue Earth branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Bank Blue Earth Locations


Financial Details

First Bank Blue Earth Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank Blue Earth. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Bank Blue Earth U.S. Bank Average
1.18% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, First Bank Blue Earth had $375,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $28,692,000 in equity and $3,100,000 in loans loss reserves. That gives it a Texas Ratio of 1.18%.

Return on Equity
First Bank Blue Earth U.S. Bank Average
15.79% 9.24%

First Bank Blue Earth has a Return on Equity of 15.79% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Bank Blue Earth U.S. Bank Average
10.14% 11.96%

First Bank Blue Earth has a Capitalization of 10.14% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Bank Blue Earth Balance Sheet Analysis

As of December 31, 2020, First Bank Blue Earth had assets of $282,953,000, loans of $168,059,000, and deposits of $250,788,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 3.21 million
Interest-bearing balances $ 0.20 million
Total securities $ 103.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 168.06 million
Loan loss allowance $ 3.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.06 million
     Total Assets $ 254.26 million
LIABILITIES
Total deposits $ 250.79 million
      Interest-bearing deposits $ 204.05 million
      Deposits held in domestic offices $ 250.79 million
      % insured (estimated) 70.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.39 million
Subordinated debt N.A.
All other liabilities $ 1.08 million
      Total Liabilities $ 254.26 million
      Shareholders’ Equity $ 28.69 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.67 million
Total Interest Expense $ 1.78 million
Net interest income $ 7.89 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 0.79 million
Total non interest expense $ 4.51 million
Pre-tax Net Operating Income $ 4.14 million

Bank Loan Profile?

The top three loan types in First Bank Blue Earth’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, First Bank Blue Earth has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.40
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.65
Small Business Loans 13.36
Construction and Development Loans 2.39
Commercial Real Estate 15.30
Commercial and Industrial Loans 14.47
Farm Loans 27.39

Frequently Asked Questions About First Bank Blue Earth

Branches and Savings

Is First Bank Blue Earth FDIC insured?

Yes. It is covered under FDIC Certificate #5097.

Why does First Bank Blue Earth pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Bank Blue Earth CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Bank Blue Earth a commercial bank?

Yes

Where are First Bank Blue Earth locations?

See branch locations nearby.

Is First Bank Blue Earth open on Saturdays?

Is First Bank Blue Earth open on Sundays?

What time does First Bank Blue Earth open?

What time does First Bank Blue Earth close?

Are First Bank Blue Earth ATMs Open 24/7?

Do First Bank Blue Earth ATMs accept cash deposits?

Can First Bank Blue Earth customers use other ATMs?

Do First Bank Blue Earth branches have notaries?

Will First Bank Blue Earth notarize my document?

What address for First Bank Blue Earth should I put for incoming ACH transfers?

Will the First Bank Blue Earth branch print checks?

Do First Bank Blue Earth checks expire?

Does First Bank Blue Earth require US citizenship to open account?

Can First Bank Blue Earth close my account?

Does First Bank Blue Earth Report to credit bureaus?

Does First Bank Blue Earth Use Equifax?

What is First Bank Blue Earth's ACH Routing Number?

What is First Bank Blue Earth's SWIFT code?

Products

Does First Bank Blue Earth offer mortgages?

Compare mortgage rates here.

Does First Bank Blue Earth offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Blue Earth offer personal loans?

Compare personal loan rates here.

Does First Bank Blue Earth offer student loans?

Will First Bank Blue Earth cash a check?

Will First Bank Blue Earth redeem a savings bond?

Does First Bank Blue Earth cash savings bonds?

Will First Bank Blue Earth cash money orders?

Can First Bank Blue Earth issue a money order?

Does First Bank Blue Earth do currency exchange?

Background on The Bank

Who owns First Bank Blue Earth?

How long has First Bank Blue Earth been around?

Can First Bank Blue Earth transfer to other banks?

Does First Bank Blue Earth have quick pay?

Does First Bank Blue Earth accept rolled coins?

Will First Bank Blue Earth accept loose change?

Where is First Bank Blue Earth headquarters?

Customer Reviews for First Bank Blue Earth

There are currently no comments for First Bank Blue Earth. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →