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Prime Security Bank


Overview / Commentary
www.primesecurity.com
218-436-2151
201 Main Street North
Karlstad, MN 56732

Prime Security Bank is headquartered in Karlstad and is the 168th largest bank in the state of Minnesota. It is also the 4,018th largest bank in the nation. It was established in 1925 and as of June of 2020, it had grown to 15 employees at 3 locations. Prime Security Bank has an A health rating.

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Health
A

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #10971
Year Established1925
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.97%
Return on Equity - YTD22.75%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$103.0MM$83.0MM
LoansQ2 2020vs Q2 2019$88.1MM$68.2MM
DepositsQ2 2020vs Q2 2019$80.5MM$70.0MM
Equity CapitalQ2 2020vs Q2 2019$8.4MM$7.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$708.00K$516.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$300.00K
Real Estate OwnedQ2 2020vs Q2 2019$561.00K$852.00K
Rates
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Prime Security Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Prime Plus Checking

Prime Security Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$10k-25 Month CD Special
0.65%$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 Street NorthKarlstad, MN 56732

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