First Security Bank (MN)

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.00%	5-year CD	60 Month CD 1.85% - Synchrony Bank 60 Month CD
0.35%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.10%	Savings	Security Savings Account 1.00% - Ally Bank Online Savings Account

View all First Security Bank (MN) rates »

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 235^th largest bank in the state of Minnesota. It is also the 5,243^rd largest bank in the nation. It was established in 1904 and as of June of 2016, it had grown to 12 employees at 1 location. First Security Bank (MN) has a B health rating.

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Health

B

Data as of Q2 2016

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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	0.89%
Return on Equity - YTD	10.42%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$59.3MM$60.4MM
Loans	Q2 2016vs Q2 2015	$38.3MM$40.5MM
Deposits	Q2 2016vs Q2 2015	$49.9MM$53.0MM
Equity Capital	Q2 2016vs Q2 2015	$5.2MM$4.9MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$509.00K$456.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$0$155.00K
Real Estate Owned	Q2 2016vs Q2 2015	$124.00K$231.00K

Rates

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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
0.10%	-	-	Security Savings Account
0.10%	-	-	Kids Klub Account

First Security Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → Up to $25k \| 0.15% → $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
1.00%	$500	-	60 Month CD
0.90%	$500	-	48 Month CD
0.70%	$500	-	36 Month CD
0.50%	$500	-	24 Month CD
0.40%	$500	-	18 Month CD
0.35%	$500	-	12 Month CD
0.25%	$500	-	9 Month CD
0.20%	$500	-	182 Day CD
0.15%	$500	-	90 Day CD

First Security Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$5k^*	-	18 Month Variable Rate IRA
OTHER TIERS: 0.40% → Up to $5k

Locations

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