1st United Bank
FDIC #31249
📍 Faribault, Minnesota
1st United Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1920. With assets of $212.73 Million, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: June 1, 2020
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
June 1, 2020
Satisfactory
July 1, 2014
Outstanding
💰 Financial Strength
Total Assets$212.73 Million
Total Deposits$156.58 Million
Equity Capital$13.78 Million
Net Income$986,000
📈 Performance
ROA0.65%
ROE9.53%
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
Established01/01/1920
FDIC Cert31249
Holding CoMidcountry Acquisition Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2022
Relocation
Moved HQ to: 430 4th St Nw, Faribault, MN 55021.
2006
Name Change
Name became: Changed Institution Name To 1st United Bank.
1996
Name Change
Name became: Changed Institution Name To Faribault Federal Savings Bank.