2. First Security Bank (MN)

First Security Bank (MN)

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.50%5-year CD
2.27% - National Average
1.25%1-year CD
1.37% - National Average
0.15%Savings
2.20% - Barclays Online Savings AccountAdvertisement
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 202nd largest bank in the state of Minnesota. It is also the 4,588th largest bank in the nation. It was established in 1904 and as of December of 2018, it had grown to 11 employees at 1 location. First Security Bank (MN)'s money market rates are 82% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 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 Established1904
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD12.73%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$70.4MM$64.0MM
LoansQ4 2018vs Q4 2017$45.1MM$41.3MM
DepositsQ4 2018vs Q4 2017$63.3MM$57.1MM
Equity CapitalQ4 2018vs Q4 2017$5.4MM$5.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$639.00K$599.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$255.00K$273.00K
Real Estate OwnedQ4 2018vs Q4 2017$12.00K$37.00K
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
0.15%--Security Savings Account
0.15%--Kids Klub Account

First Security Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$500k*-Rewards Money Market
OTHER TIERS: 0.60% → Up to $100k | 0.70% → $100k - $250k | 0.75% → $250k - $500k
0.50%*$50k*-Money Market Account
OTHER TIERS: 0.25% → Up to $25k | 0.30% → $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
2.50%$500-60 Month CD
2.50%$250-Youth 60 Month CD
2.25%$500-48 Month CD
2.25%$250-Youth 48 Month CD
1.75%$500-36 Month CD
1.75%$250-Youth 36 Month CD
1.50%$500-24 Month CD
1.50%$250-Youth 24 Month CD
1.35%$500-18 Month CD
1.35%$250-Youth 18 Month CD
1.25%$500-12 Month CD
1.25%$250-Youth 12 Month CD
0.90%$500-9 Month CD
0.90%$250-Youth 9 Month CD
0.85%$500-182 Day CD
0.85%$250-Youth 182 Day CD
0.45%$500-90 Day CD
0.45%$250-Youth 90 Day CD

First Security Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$5k*-18 Month Variable Rate IRA
OTHER TIERS: 1.25% → $50 - $5k
Locations


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

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