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 168th largest bank in the state of Minnesota. It is also the 4,010th largest bank in the nation. It was established in 1925 and as of September of 2020, it had grown to 15 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
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD15.83%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$103.0MM$82.0MM
LoansQ3 2020vs Q3 2019$89.5MM$69.1MM
DepositsQ3 2020vs Q3 2019$81.0MM$67.7MM
Equity CapitalQ3 2020vs Q3 2019$8.2MM$7.7MM
Loan Loss AllowanceQ3 2020vs Q3 2019$708.00K$516.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$16.00K$16.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$858.00K
Rates
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Prime Security Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Prime Plus Checking

Prime Security Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$10k-25 Month CD Special
0.45%$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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