The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

From Q2 2025 to Q2 2026, the score fell 10 points (69 → 59), mostly because the loan quality component weakened by 32 points.

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Similar-size banks in Minnesota

Yes. The Bank of Elk River is an FDIC-insured institution (FDIC certificate #1607). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 16.6% of deposits ($109.6M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.14%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.80% (benchmark: 10%).

Check how much of your own balance is covered

The Bank of Elk River lists 5 offices in 4 cities. Most locations:

• Elk River, MN (2)
• Andover, MN (1)
• Otsego, MN (1)
• Zimmerman, MN (1)

All branch addresses and map

In 2025, The Bank of Elk River reported 117 home-loan applications under HMDA (LEI 549300M5DZ6P9KNT7H33): 95 originated ($40,835,000 total), 5 denied, and 2 withdrawn or closed by the applicant. Its denial rate on decided applications was 4.3%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Legal name

The Bank of Elk River

Type

State-chartered bank

FDIC certificate #

1607

RSSD ID

10250

Primary regulator

FDIC

Holding company

Metro North Bancshares Inc

Established

January 1, 1885

Headquarters

630 Main St Nw, Elk River, MN 55330

Website

www.thebankofelkriver.com

Employees

94