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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 189th largest bank in the state of Minnesota. It is also the 4,160th largest bank in the nation. It was established in 1904 and as of September of 2021, it had grown to 10 employees at 1 location. First Security Bank (MN) has an A health rating.

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Health
A

Data as of Q3 2021

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
Employees10
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.58%
Return on Equity - YTD18.71%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$90.3MM$78.4MM
LoansQ3 2021vs Q3 2020$64.1MM$53.3MM
DepositsQ3 2021vs Q3 2020$76.8MM$68.2MM
Equity CapitalQ3 2021vs Q3 2020$7.6MM$7.0MM
Loan Loss AllowanceQ3 2021vs Q3 2020$729.00K$587.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$31.00K$47.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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
0.05%--Security Savings Account
0.05%--Kids Klub Account

First Security Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$500k*-Rewards Money Market
OTHER TIERS: 0.25% → Up to $100k | 0.30% → $100k - $250k | 0.35% → $250k - $500k
0.25%*$50k*-Money Market Account
OTHER TIERS: 0.10% → Up to $2.5k | 0.15% → $2.5k - $25k | 0.20% → $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
0.60%$500-60 Month CD
0.60%$250-Youth 60 Month CD
0.55%$500-48 Month CD
0.55%$250-Youth 48 Month CD
0.50%$500-36 Month CD
0.50%$250-Youth 36 Month CD
0.45%$500-24 Month CD
0.45%$250-Youth 24 Month CD
0.40%$500-18 Month CD
0.40%$250-Youth 18 Month CD
0.35%$500-12 Month CD
0.35%$250-Youth 12 Month CD
0.30%$500-9 Month CD
0.30%$250-Youth 9 Month CD
0.25%$500-182 Day CD
0.25%$250-Youth 182 Day CD
0.20%$500-90 Day CD
0.20%$250-Youth 90 Day CD

First Security Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$5k*-18 Month Variable Rate IRA
OTHER TIERS: 0.60% → $50 - $5k
Locations


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

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