First Security Bank-Hendricks


Overview / Commentary
507-275-3141
113 South Main Street
Hendricks, MN 56136

First Security Bank-Hendricks is headquartered in HENDRICKS and is the 222nd largest bank in the state of Minnesota. It is also the 4,283rd largest bank in the nation. It was established in 1940 and as of March of 2025, it had grown to 6 employees at 1 location. First Security Bank-Hendricks has a B health rating.

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Health
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-Hendricks has a low asset base.

Health Grade Components

Overall
FDIC Certificate #15767
Year Established1940
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.98%
Return on Equity - YTD26.24%
Annual Interest Income$435K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$42.7MM$44.3MM
LoansQ1 2025vs Q1 2024$15.7MM$16.6MM
DepositsQ1 2025vs Q1 2024$37.8MM$39.7MM
Equity CapitalQ1 2025vs Q1 2024$4.8MM$4.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$170K$299K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


First Security Bank-Hendricks Locations
First Security Bank-Hendricks113 S Main StHendricks, MN 56136

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