Overview / Commentary
Financial Security Bank is headquartered in Kerkhoven and is the 157th largest bank in the state of Minnesota. It is also the 3,821st largest bank in the nation. It was established in 1906 and as of June of 2021, it had grown to 22 employees at 2 locations. Financial Security Bank has an A health rating.
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Health
A
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10176 |
| Year Established | 1906 |
| Employees | 22 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.48% |
| Return on Equity - YTD | 18.05% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $125.1MM$124.0MM |
| Loans | Q2 2021vs Q2 2020 | $94.9MM$107.2MM |
| Deposits | Q2 2021vs Q2 2020 | $106.0MM$101.9MM |
| Equity Capital | Q2 2021vs Q2 2020 | $10.0MM$9.8MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $864.00K$865.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $565.00K$340.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$341.00K |