Financial Security Bank

Overview / Commentary
1011 Atlantic Ave
Kerkhoven, MN 56252

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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Financial Security Bank (MN) Offers Kasasa Brand Statewide - 2/11/2021

Financial Security Bank (MN) offers its Free Kasasa Cash Checking, Free Kasasa Cash Back Checking, and Free Kasasa Saver on a statewide basis through online application.


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Health Grade Components

FDIC Certificate #10176
Year Established1906
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD18.05%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$125.1MM$124.0MM
LoansQ2 2021vs Q2 2020$94.9MM$107.2MM
DepositsQ2 2021vs Q2 2020$106.0MM$101.9MM
Equity CapitalQ2 2021vs Q2 2020$10.0MM$9.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$864.00K$865.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$565.00K$340.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$341.00K
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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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