Overview / Commentary
First Security Bank-Hendricks is headquartered in Hendricks and is the 262nd largest bank in the state of Minnesota. It is also the 5,088th largest bank in the nation. It was established in 1940 and as of September of 2019, it had grown to 5 employees at 1 location. First Security Bank-Hendricks has a B+ health rating.
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional 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-Hendricks has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 15767 |
| Year Established | 1940 |
| Employees | 5 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.83% |
| Return on Equity - YTD | 15.19% |
| Annual Interest Income | $855.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $30.8MM$29.0MM |
| Loans | Q3 2019vs Q3 2018 | $13.3MM$12.6MM |
| Deposits | Q3 2019vs Q3 2018 | $26.9MM$25.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $3.9MM$3.3MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $272.00K$289.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $59.00K$27.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |