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.
Overall | |
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FDIC Certificate # | 10971 |
Year Established | 1925 |
Employees | 17 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.43% |
Return on Equity - YTD | 17.93% |
Annual Interest Income | $1.9MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $144MM$139.5MM |
Loans | Q1 2025vs Q1 2024 | $120.4MM$121.9MM |
Deposits | Q1 2025vs Q1 2024 | $123.2MM$113.9MM |
Equity Capital | Q1 2025vs Q1 2024 | $11.4MM$11MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1MM$960K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $550K$2.7MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $899K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.90% | $25k | - | High Yield Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.59% | $5k | - | PrimeGrowth Money Market Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.13% | $10k | - | 3 Month CD Special | |
3.88% | $10k | - | 6 Month CD Special | |
3.63% | $10k | - | 13 Month CD Special |
Prime Security Bank Locations | ||
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Shakopee Branch | 1305 Vierling Drive East | Shakopee, MN 55379 |
Eagan Branch | 1595 Thomas Center Drive | Eagan, MN 55122 |
Prime Security Bank | 201 Main St N | Karlstad, MN 56732 |