First Security Bank (MN)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.00%	5-year CD	60 Month CD 3.00% - American Express National Bank 60 Month CD
1.00%	1-year CD	12 Month CD 2.45% - Synchrony Bank 12 Month CD
0.10%	Savings	Security Savings Account 1.80% - American Express National Bank High Yield 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 213^th largest bank in the state of Minnesota. It is also the 4,753^rd largest bank in the nation. It was established in 1904 and as of June of 2018, it had grown to 11 employees at 1 location. First Security Bank (MN)'s CD rates are 11% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2018

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	11
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.05%
Return on Equity - YTD	13.1%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$65.4MM$63.4MM
Loans	Q2 2018vs Q2 2017	$44.5MM$42.3MM
Deposits	Q2 2018vs Q2 2017	$56.1MM$52.0MM
Equity Capital	Q2 2018vs Q2 2017	$5.2MM$5.2MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$613.00K$569.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$281.00K$280.00K
Real Estate Owned	Q2 2018vs Q2 2017	$29.00K$56.00K

Rates

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Money Market
Checking
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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
0.55%^*	$500k^*	-	Rewards Money Market
OTHER TIERS: 0.35% → Up to $100k \| 0.45% → $100k - $250k \| 0.50% → $250k - $500k
0.35%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.25% → Up to $25k \| 0.30% → $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
2.00%	$500	-	60 Month CD
1.75%	$500	-	48 Month CD
1.40%	$500	-	36 Month CD
1.25%	$500	-	24 Month CD
1.05%	$500	-	18 Month CD
1.00%	$500	-	12 Month CD
0.75%	$500	-	9 Month CD
0.70%	$500	-	182 Day CD
0.45%	$500	-	90 Day CD

First Security Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.05%^*	$5k^*	-	18 Month Variable Rate IRA
OTHER TIERS: 0.95% → Up to $5k

Locations

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

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