Financial Security Bank

Overview / Commentary
1011 Atlantic Ave
Kerkhoven, MN 56252

Financial Security Bank is headquartered in Kerkhoven and is the 151st largest bank in the state of Minnesota. It is also the 3,685th largest bank in the nation. It was established in 1906 and as of June of 2022, it had grown to 23 employees at 2 locations. Financial Security Bank has an A+ health rating.


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Health Grade Components

FDIC Certificate #10176
Year Established1906
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD4.25%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$130.8MM$125.1MM
LoansQ2 2022vs Q2 2021$90.3MM$94.9MM
DepositsQ2 2022vs Q2 2021$109.4MM$106.0MM
Equity CapitalQ2 2022vs Q2 2021$21.3MM$10.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$122.00K$864.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$74.00K$565.00K
Real Estate OwnedQ2 2022vs Q2 2021$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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