Financial Security Bank

Overview / Commentary

www.financialsecuritybank.com

320-264-2161

1011 Atlantic Ave
Kerkhoven, MN 56252

Financial Security Bank is headquartered in Kerkhoven and is the 160^th largest bank in the state of Minnesota. It is also the 3,820^th largest bank in the nation. It was established in 1906 and as of March of 2021, it had grown to 22 employees at 2 locations. Financial Security Bank has an A health rating.

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

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #	10176
Year Established	1906
Employees	22
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.92%
Return on Equity - YTD	23.18%
Annual Interest Income	$1.5MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$125.1MM$107.7MM
Loans	Q1 2021vs Q1 2020	$103.6MM$84.4MM
Deposits	Q1 2021vs Q1 2020	$102.9MM$86.2MM
Equity Capital	Q1 2021vs Q1 2020	$10.2MM$9.4MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$863.00K$696.00K
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$747.00K$344.00K
Real Estate Owned	Q1 2021vs Q1 2020	$0$879.00K

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