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Overview / Commentary
701-843-7521
700 Ash Avenue
New Salem, ND 58563

Security First Bank of North Dakota is headquartered in New Salem and is the 30th largest bank in the state of North Dakota. It is also the 3,335th largest bank in the nation. It was established in 1925 and as of December of 2013, it had grown to 37 employees at 5 locations. Security First Bank of North Dakota has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 December 31, 2013 Security First Bank of North Dakota had $255,000 in non-current loans and owned real-estate with $20.22 million in equity and loan loss allowances on hand to cover it. This gives Security First Bank of North Dakota a Texas Ratio of 1.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Security First Bank of North Dakota decreased dramatically from 2.76% as of December 31, 2012 to 1.26% as of December 31, 2013, resulting in a positive change of 54.36%.This indicates that the balance sheet and financial strength for Security First Bank of North Dakota has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Security First Bank of North Dakota has increased its total deposits by $17.05 million, resulting in 12.92% 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 Security First Bank of North Dakota has shown is excellent.

Capitalization

GRADE:
A

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. Security First Bank of North Dakota has $175.77 million in assets with $20.22 million in equity, resulting in a capitalization level of 11.50%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #11519
Year Established1925
Employees37
Primary RegulatorFDIC
Assets and Liabilities
Assets$175.77 million
Loans$136.84 million
Deposits$149.05 million
Equity Capital$18.05 million
Loan Loss Allowance$2.17 million
Unbacked Noncurrent Loans$255,000
Real Estate Owned$0
Historic Data - December 2012
Assets$162.32 million
Equity Capital$16.46 million
Loan Loss Allowance$1.64 million
Unbacked Noncurrent Loans$255,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.6%
Return on Assets1.87%
Return on Equity17.89%
Interest Income$7.79 million
Rates

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Security First Bank of North Dakota Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$100k-Regular Savings Account

Security First Bank of North Dakota Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-Premier Money Market Account
0.08%$100k-Money Market Savings Account

Security First Bank of North Dakota Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50k-Interest Checking Account
0.05%$50k-Gold 50 Plus Checking Account
0.04%$50k-Truly The Best Free Business Checking Account
0.04%$50k-Truly Great Business Checking Account
0.03%$50k-Free Interest Checking Account

Security First Bank of North Dakota CD Rates

DetailsAPYMINMAXPRODUCT
1.04%$100k-60 Month CD
1.04%$100k-Business 60 Month CD
0.74%$100k-48 Month CD
0.74%$100k-Business 48 Month CD
0.63%$100k-36 Month CD
0.63%$100k-Business 36 Month CD
0.34%$100k-24 Month CD
0.34%$100k-Business 24 Month CD
0.23%$100k-12 Month CD
0.23%$100k-Business 12 Month CD
0.16%$2,500-Business 11 Month CD Special
0.14%$2,500-7 Month CD Specials
0.14%$2,500-Business 7 Month CD Special
0.13%$100k-6 Month CD
0.13%$100k-Business 6 Month CD

Security First Bank of North Dakota IRA Rates

DetailsAPYMINMAXPRODUCT
1.04%$100k-60 Month IRA (Traditional,Roth)
0.74%$100k-48 Month IRA (Traditional,Roth)
0.63%$100k-36 Month IRA (Traditional,Roth)
0.34%$100k-24 Month IRA (Traditional,Roth)
0.23%$100k-12 Month IRA (Traditional,Roth)
0.13%$100k-6 Month IRA (Traditional,Roth)
Locations


Security First Bank of North Dakota Locations
Paying and Receiving Station Branch109 Main StreetAlmont, ND 58520
Security First Bank Of North Dakota - Bismarck Bra3000 North 14th StreetBismarck, ND 58503
Mandan Branch614 West Main StreetMandan, ND 58554
Security First Bank Of North Dakota700 Ash AvenueNew Salem, ND 58563
Center BranchMain Street and Center AvenueCenter, ND 58530