Financial Security Bank

Overview / Commentary
1011 Atlantic Ave
Kerkhoven, MN 56252

Financial Security Bank is headquartered in KERKHOVEN and is the 141st largest bank in the state of Minnesota. It is also the 3,543rd largest bank in the nation. It was established in 1906 and as of March of 2023, it had grown to 25 employees at 2 locations. Financial Security Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #10176
Year Established1906
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD3.18%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$139.2MM$149.1MM
LoansQ1 2023vs Q1 2022$106.5MM$84.7MM
DepositsQ1 2023vs Q1 2022$93.9MM$121.6MM
Equity CapitalQ1 2023vs Q1 2022$23.4MM$21.3MM
Loan Loss AllowanceQ1 2023vs Q1 2022$437.00K$0
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$31.00K$74.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
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Financial Security Bank Savings Account Rates

1.00%*-$25kFree Kasasa Saver
OTHER TIERS: 0.25% $25k+

Financial Security Bank Checking Account Rates

3.00%*-$10kFree Kasasa Cash Checking
OTHER TIERS: 0.25% $10k+

Financial Security Bank Locations
Financial Security Bank1011 Atlantic AveKerkhoven, MN 56252
Albertville Branch11102 57th Street NeAlbertville, MN 55301

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