Security Bank Minnesota is headquartered in ALBERT LEA and is the 130th largest bank in the state of Minnesota. It is also the 3,390th largest bank in the nation. It was established in 1906 and as of March of 2025, it had grown to 25 employees at 3 locations. Security Bank Minnesota's money market rates are 5X the national average, and it has a B health rating.
Overall | |
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FDIC Certificate # | 10984 |
Year Established | 1906 |
Employees | 25 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.91% |
Return on Equity - YTD | 9.37% |
Annual Interest Income | $2.2MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $149.2MM$150.5MM |
Loans | Q1 2025vs Q1 2024 | $108MM$123MM |
Deposits | Q1 2025vs Q1 2024 | $127.1MM$127.8MM |
Equity Capital | Q1 2025vs Q1 2024 | $14.2MM$14.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.4MM$1.7MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2MM$1MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $175K$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 | |
---|---|---|---|---|---|
0.25%* | $5k* | - | Variable HSA | ||
OTHER TIERS: 0.15% → $100 - $5k | |||||
0.25% | $25 | - | Economy Savings | ||
0.25% | $100 | - | Regular Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.51% | $0 | - | Security Gold Checking | ||
0.40%* | $2.5k* | - | Interest Checking | ||
OTHER TIERS: 0.20% → $500 - $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.65% | $1k | - | 60 Month IRA CD | |
2.55% | $1k | - | 48 Month IRA CD | |
2.40% | $1k | - | 36 Month IRA CD | |
2.35% | $1k | - | 24 Month IRA CD | |
2.15% | $1k | - | 12 Month IRA CD | |
1.26% | $100 | - | Variable IRA Savings |
Security Bank Minnesota Locations | ||
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Security Bank Minnesota - Emmons | 201 Main Street | Emmons, MN 56029 |
Security Bank Minnesota | 437 Bridge Ave | Albert Lea, MN 56007 |
Alden Branch | 195 North Broadway | Alden, MN 56009 |