Total Assets
$632.3M
Total Deposits
$533.0M
Branches
12
Established
1903
First Independent Bank is a bank headquartered in Russell, Minnesota, established in 1903. It holds $632.3M in total assets across 12 branch locations. In our editorial opinion, based on public FDIC/NCUA data, First Independent Bank earns a TFS Financial Health Grade of A- (87.1/100) — our editorial assessment, not an official rating or financial advice.
TFS Health Grade
87.1 / 100
Excellent financial health
How we gradeTFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.
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Financial data through June 30, 2026. Updated by TFS August 28, 2026. Data sourced from FDIC BankFind Suite as of 2026-Q2. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
| Branch | Address | City | State | Type |
|---|---|---|---|---|
| First Independent BankHQ | 300 Front St | Russell | MN | 11 |
| First Independent Bank | 108 3rd St | Balaton | MN | 11 |
| First Independent Bank | 101 Main St N | Beardsley | MN | 11 |
| First Independent Bank | 111 W Main St | Cottonwood | MN | 11 |
| First Independent Bank | 101 N 1st St | Hanley Falls | MN | 23 |
| First Independent Bank | 113 S Main St | Hendricks | MN | 11 |
| First Independent Bank | 106 Main St | Lucan | MN | 11 |
| First Independent Bank | 105 Market St | Marshall | MN | 11 |
| First Independent Bank | Main Street | Ruthton | MN | 11 |
| First Independent Bank | 111 N Tyler St | Tyler | MN | 11 |
| First Independent Bank | 176 Broadway St | Vesta | MN | 11 |
| First Independent Bank | 53 2nd Ave W | Wood Lake | MN | 11 |
Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from FDIC Enforcement Decisions and Orders / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.
Benchmarked against 60 active, federally insured banks reporting in the same quarter and holding roughly 0.5×–2× its assets. Same-state and overlapping-market peers are prioritized.
TFS health score
87.1
Tier 1 capital ratio
9.87%
Return on assets
1.55%
Non-performing loans
0.14%
Efficiency ratio
49.30%
Asset growth (YoY)
15.70%
Suggested direct comparisons
Saint Louis Park, MN
$5.4B
Complaint percentiles are intentionally withheld while TFS audits CFPB company matching and import coverage. Peer conclusions use complete same-quarter regulatory metrics only.