Northeast Bank
FDIC #16659
📍 Minneapolis, Minnesota
Northeast Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/03/1948. With assets of $715.57 Million, it operates 3 domestic branches.
Customer Reviews
N/A ★
Based on 0 ratings
Write a Review
Reviews are moderated before posting. No profanity or personal attacks.
No reviews yet.
Community Reinvestment Act (CRA) Rating
Latest Exam: October 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
October 1, 2023
Outstanding
October 1, 2020
Outstanding
October 1, 2017
Outstanding
💰 Financial Strength
Total Assets$715.57 Million
Total Deposits$650.76 Million
Equity Capital$39.18 Million
Net Income$7.66 Million
📈 Performance
ROA1.43%
ROE22.88%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/03/1948
FDIC Cert16659
Holding CoNortheast Securities Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:00 AM - 6:00 PM
Tuesday7:00 AM - 6:00 PM
Wednesday7:00 AM - 6:00 PM
Thursday7:00 AM - 6:00 PM
Friday7:00 AM - 6:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2006
Relocation
Moved HQ to: 77 Broadway Street, N.E., Minneapolis, MN 55413.
1996
Name Change
Name became: Changed Institution Name To Northeast Bank.
1996
Name Change
Name became: Changed Institution Name To Northeast State Bank Of Minneapolis.