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Overview / Commentary
507-775-2316
316 Byron Avenue, North
Byron, MN 55920

First Security Bank (MN) is headquartered in Byron and is the 230th largest bank in the state of Minnesota. It is also the 4,965th largest bank in the nation. It was established in 1904 and as of September of 2017, it had grown to 11 employees at 1 location. First Security Bank (MN) has a B+ health rating.

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Health
B+
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 Established1904
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD11.9%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$62.5MM$60.7MM
LoansQ3 2017vs Q3 2016$41.5MM$40.0MM
DepositsQ3 2017vs Q3 2016$54.6MM$52.4MM
Equity CapitalQ3 2017vs Q3 2016$5.3MM$5.3MM
Loan Loss AllowanceQ3 2017vs Q3 2016$569.00K$515.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$280.00K$289.00K
Real Estate OwnedQ3 2017vs Q3 2016$51.00K$124.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Security Savings Account
0.10%--Kids Klub Account

First Security Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Rewards Money Market
OTHER TIERS: 0.30% Up to $100k | 0.40% $100k - $250k | 0.45% $250k - $500k
0.30%*$50k*-Money Market Account
OTHER TIERS: 0.20% Up to $25k | 0.25% $25k - $50k

First Security Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Advantage Checking Account

First Security Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month CD
1.75%$500-48 Month CD
1.25%$500-36 Month CD
1.00%$500-24 Month CD
0.80%$500-18 Month CD
0.75%$500-12 Month CD
0.50%$500-9 Month CD
0.45%$500-182 Day CD
0.20%$500-90 Day CD

First Security Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$5k*-18 Month Variable Rate IRA
OTHER TIERS: 0.65% Up to $5k
Locations


First Security Bank (MN) Locations
First Security Bank316 Byron Avenue, NorthByron, MN 55920