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 170th largest bank in the state of Minnesota. It is also the 3,887th largest bank in the nation. It was established in 1925 and as of June of 2022, it had grown to 19 employees at 3 locations. Prime Security Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10971
Year Established1925
Employees19
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.74%
Return on Equity - YTD19.93%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$111.1MM$98.9MM
LoansQ2 2022vs Q2 2021$95.2MM$87.9MM
DepositsQ2 2022vs Q2 2021$95.1MM$82.0MM
Equity CapitalQ2 2022vs Q2 2021$9.5MM$9.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$790.00K$785.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$403.00K
Rates

Rates for Prime Security Bank are currently being reviewed.

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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