Prime Security Bank


Overview / Commentary
218-436-2151
201 Main Street North
Karlstad, MN 56732

Prime Security Bank is headquartered in KARLSTAD and is the 135th largest bank in the state of Minnesota. It is also the 3,437th largest bank in the nation. It was established in 1925 and as of March of 2025, it had grown to 17 employees at 3 locations. Prime Security Bank's money market rates are 10X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #10971
Year Established1925
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD17.93%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$144MM$139.5MM
LoansQ1 2025vs Q1 2024$120.4MM$121.9MM
DepositsQ1 2025vs Q1 2024$123.2MM$113.9MM
Equity CapitalQ1 2025vs Q1 2024$11.4MM$11MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1MM$960K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$550K$2.7MM
Real Estate OwnedQ1 2025vs Q1 2024$899K$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.

Prime Security Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.90%$25k-High Yield Savings Account

Prime Security Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.59%$5k-PrimeGrowth Money Market Account

Prime Security Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.13%$10k-3 Month CD Special
3.88%$10k-6 Month CD Special
3.63%$10k-13 Month CD Special
Locations


Prime Security Bank Locations
Shakopee Branch1305 Vierling Drive EastShakopee, MN 55379
Eagan Branch1595 Thomas Center DriveEagan, MN 55122
Prime Security Bank201 Main St NKarlstad, MN 56732

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