First Resource Bank
Lino Lakes, Minnesota, Anoka County
$1.1B in total assets, the 989th largest of 4,309 US banks and 15th of 225 headquartered in Minnesota.
- FDIC certificate
- 58039
- Established
- 2005
- Owned by
- Ameri Financial Group Inc
- Primary regulator
- FDIC
- Website
- www.myfrbank.com
At a glance
Compared with 16 banks headquartered in Minnesota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.1B | 19% | $1.5B | |
| Loans | $790M | 25% | $984M | |
| Deposits | $893M | 19% | $1.3B | |
| Return on assets | 0.72% | 12% | 1.31% | |
| Net interest margin | 3.88% | 62% | 3.65% | |
| Efficiency ratio | 64.2% | 81% | 53.9% | |
| Equity to assets | 9.26% | 25% | 10.70% | |
| Loans to deposits | 88% | 69% | 83% |
Growth
Total assets grew 28.6% a year over the last 5 years and 33.1% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2026 | First State Bank of Wyoming Wyoming, MN | $238M |
| Nov 2022 | Lake Area Bank Lindstrom, MN | $149M |
| Apr 2018 | Eagle Valley Bank, National Association St. Croix Falls, WI, an affiliate under the same holding company | $143M |
| Jan 2012 | Patriot Bank Minnesota Forest Lake, MN | $105M |
Where they operate
8 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Washington County, MN | $343M | 4.8% | 7 of 24 |
| Chisago County, MN | $262M | 33.5% | 1 of 7 |
| Polk County, WI | $149M | 15.7% | 3 of 11 |
| Anoka County, MN | $83M | 1.3% | 12 of 21 |
| Hennepin County, MN | $56M | 0.0% | 52 of 68 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 7 branches since 2016 (1 to 8, +700.0%). 1 opened, 7 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 1 | |||
| 2018 | Acquired Eagle Valley Bank, National Association | 3 | 0 | +3 | 4 |
| 2019 | Opened MinneapolisClosed Apple Valley | 1 | 1 | 0 | 4 |
| 2022 | Acquired Lake Area Bank | 2 | 0 | +2 | 6 |
| 2026 through Q2 | Acquired First State Bank of Wyoming | 2 | 0 | +2 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 29% | 32% | |
| 1-4 family residential | 27% | 22% | |
| Business (C&I) | 18% | 16% | |
| Multifamily | 14% | 10% | |
| Construction and land | 5% | 7% | |
| Consumer | 1% | 2% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 3% | |
| Other | 4% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 62% | 52% | |
| Time deposits | 20% | 27% | |
| Noninterest-bearing | 18% | 21% |
Brokered deposits are 0.4% of deposits (peers 9.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.09% | 0.54% |
| Net charge-offs, annualized | 0.64% | 0.04% |
| Reserves to loans | 1.06% | 1.23% |
| Leverage ratio | 8.34% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Washington County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-resource-bank-lino-lakes-mn