Financial Security Bank

Overview / Commentary
1011 Atlantic Ave
Kerkhoven, MN 56252

Financial Security Bank is headquartered in KERKHOVEN and is the 138th largest bank in the state of Minnesota. It is also the 3,440th largest bank in the nation. It was established in 1906 and as of September of 2023, it had grown to 24 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 - YTD0.83%
Return on Equity - YTD5.06%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$146.7MM$128.6MM
LoansQ3 2023vs Q3 2022$118.8MM$95.3MM
DepositsQ3 2023vs Q3 2022$105.7MM$101.6MM
Equity CapitalQ3 2023vs Q3 2022$24MM$22.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$559K$120K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$51K
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for Financial Security Bank are currently being reviewed.


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

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