Prime Security Bank

Prime Security Bank is headquartered in Karlstad and is the 244^th largest bank in the state of Minnesota. It is also the 5,968^th largest bank in the nation. It was established in 1925 and as of March of 2012, it had grown to 18 employees at 4 locations. Prime Security Bank has a 2-star health rating.

Prime Security Bank Routing Number: 091215587

Data for Q1 2012

Institution Statistics Prime Security Bank FDIC Certificate # 10971 BankRate Report View Year Established 1925 Employees 18 Primary Regulator FDIC Assets and Liabilities Assets $63.67 million Loans $44.18 million Deposits $53.70 million Equity Capital $4.24 million Loan Loss Allowance $1.30 million Unbacked Noncurrent Loans $2.11 million Real Estate Owned $3.47 million Historic Data - March 2011 Assets $81.31 million Equity Capital $5.07 million Loan Loss Allowance $1.07 million Unbacked Noncurrent Loans $4.45 million Real Estate Owned $3.56 million Profit Margin - Quarterly Net Interest Margin 3.7% Return on Assets -0.43% Return on Equity -6.74% Interest Income $668,000

Institution Health Overall Score: 2 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 Prime Security Bank had $5.59 million in non-current loans and owned real-estate with $5.53 million in equity and loan loss allowances on hand to cover it. This gives Prime Security Bank a Texas Ratio of 100.98% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Prime Security Bank decreased slightly from 130.56% as of March 31, 2011 to 100.98% as of March 31, 2012, resulting in a positive change of 22.66%.This indicates that the balance sheet and financial strength for Prime Security Bank has improved slightly in recent periods. Deposit Growth In the past year, Prime Security Bank has decreased its total deposits by -$17.13 million, resulting in -24.18% 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 Prime Security Bank has shown is poor. 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. Prime Security Bank has $63.67 million in assets with $5.53 million in equity, resulting in a capitalization level of 8.69%, which is average.

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