First Security Bank (MN)

Overview / Commentary

www.fsbbyron.com

507-775-2316

316 Byron Avenue, North
Byron, MN 55920

First Security Bank (MN) is headquartered in Byron and is the 201^st largest bank in the state of Minnesota. It is also the 4,431^st largest bank in the nation. It was established in 1904 and as of December of 2019, it had grown to 12 employees at 1 location. First Security Bank (MN)'s money market rates are 36% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q4 2019

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First Security Bank (MN) has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	9728
Year Established	1904
Employees	12
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.13%
Return on Equity - YTD	13.51%
Annual Interest Income	$3.0MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$70.9MM$70.4MM
Loans	Q4 2019vs Q4 2018	$45.5MM$45.1MM
Deposits	Q4 2019vs Q4 2018	$63.9MM$63.3MM
Equity Capital	Q4 2019vs Q4 2018	$6.2MM$5.4MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$576.00K$639.00K
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$163.00K$255.00K
Real Estate Owned	Q4 2019vs Q4 2018	$0$12.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Security Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Security Savings Account
0.05%	-	-	Kids Klub Account

First Security Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$250k^*	-	Rewards Money Market
OTHER TIERS: 0.35% → Up to $100k \| 0.45% → $100k - $250k
0.35%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $25k \| 0.25% → $25k - $50k

First Security Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Advantage Checking Account

First Security Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	60 Month CD
1.50%	$250	-	Youth 60 Month CD
1.30%	$500	-	48 Month CD
1.30%	$250	-	Youth 48 Month CD
1.20%	$500	-	36 Month CD
1.20%	$250	-	Youth 36 Month CD
1.10%	$500	-	24 Month CD
1.10%	$250	-	Youth 24 Month CD
1.00%	$500	-	18 Month CD
1.00%	$250	-	Youth 18 Month CD
0.80%	$500	-	12 Month CD
0.80%	$250	-	Youth 12 Month CD
0.60%	$500	-	9 Month CD
0.60%	$250	-	Youth 9 Month CD
0.50%	$500	-	182 Day CD
0.50%	$250	-	Youth 182 Day CD
0.30%	$500	-	90 Day CD
0.30%	$250	-	Youth 90 Day CD

First Security Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.10%^*	$5k^*	-	18 Month Variable Rate IRA
OTHER TIERS: 1.00% → $50 - $5k

Locations

First Security Bank (MN) Locations
First Security Bank	316 Byron Avenue, North	Byron, MN 55920

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