First Security Bank - Sleepy Eye

First Security Bank - Sleepy Eye is headquartered in Sleepy Eye and is the 92^nd largest bank in the state of Minnesota. It is also the 3,248^th largest bank in the nation. It was established in 1882 and as of March of 2012, it had grown to 51 employees at 7 locations. First Security Bank - Sleepy Eye has a 5-star health rating.

Data for Q1 2012

Institution Statistics First Security Bank - Sleepy Eye FDIC Certificate # 5252 BankRate Report View Year Established 1882 Employees 51 Primary Regulator FDIC Assets and Liabilities Assets $190.12 million Loans $109.16 million Deposits $161.96 million Equity Capital $26.77 million Loan Loss Allowance $2.24 million Unbacked Noncurrent Loans $1.23 million Real Estate Owned $1.25 million Historic Data - March 2011 Assets $178.20 million Equity Capital $24.59 million Loan Loss Allowance $2.28 million Unbacked Noncurrent Loans $122,000 Real Estate Owned $1.81 million Profit Margin - Quarterly Net Interest Margin 5.12% Return on Assets 2.49% Return on Equity 18.05% Interest Income $2.24 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Security Bank - Sleepy Eye had $2.48 million in non-current loans and owned real-estate with $29.02 million in equity and loan loss allowances on hand to cover it. This gives First Security Bank - Sleepy Eye a Texas Ratio of 8.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Security Bank - Sleepy Eye held steady from 7.21% as of March 31, 2011 to 8.55% as of March 31, 2012, resulting in a negative change of 18.71%. This indicates that the balance sheet and financial strength for First Security Bank - Sleepy Eye has held steady in recent periods. Deposit Growth In the past year, First Security Bank - Sleepy Eye has increased its total deposits by $9.78 million, resulting in 6.42% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Security Bank - Sleepy Eye has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Security Bank - Sleepy Eye has $190.12 million in assets with $29.02 million in equity, resulting in a capitalization level of 15.26%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.