First Security Bank (MN)


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

First Security Bank (MN) is headquartered in Byron and is the 203rd largest bank in the state of Minnesota. It is also the 4,551st largest bank in the nation. It was established in 1904 and as of June of 2019, it had grown to 11 employees at 1 location. First Security Bank (MN)'s money market rates are 70% higher than the national average, and it 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 - YTD0.96%
Return on Equity - YTD11.78%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$67.9MM$65.4MM
LoansQ2 2019vs Q2 2018$45.0MM$44.5MM
DepositsQ2 2019vs Q2 2018$59.4MM$56.1MM
Equity CapitalQ2 2019vs Q2 2018$5.9MM$5.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$661.00K$613.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$295.00K$281.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$29.00K
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
0.75%*$500k*-Rewards Money Market
OTHER TIERS: 0.55% Up to $100k | 0.65% $100k - $250k | 0.70% $250k - $500k
0.45%*$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
2.50%$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
1.30%*$5k*-18 Month Variable Rate IRA
OTHER TIERS: 1.20% $50 - $5k
Locations


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

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