Security Bank Minnesota


Overview / Commentary
507-373-1481
437 Bridge Avenue
Albert Lea, MN 56007

Security Bank Minnesota is headquartered in Albert Lea and is the 133rd largest bank in the state of Minnesota. It is also the 3,443rd largest bank in the nation. It was established in 1906 and as of June of 2022, it had grown to 28 employees at 3 locations. Security Bank Minnesota has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10984
Year Established1906
Employees28
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD14.44%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$155.8MM$152.3MM
LoansQ2 2022vs Q2 2021$120.6MM$112.4MM
DepositsQ2 2022vs Q2 2021$136.7MM$132.1MM
Equity CapitalQ2 2022vs Q2 2021$14.7MM$15.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.1MM$2.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$28.00K$155.00K
Real Estate OwnedQ2 2022vs Q2 2021$295.00K$734.00K
Rates

Rates for Security Bank Minnesota are currently being reviewed.

Locations


Security Bank Minnesota Locations
Security Bank Minnesota - Emmons201 Main StreetEmmons, MN 56029
Security Bank Minnesota437 Bridge AveAlbert Lea, MN 56007
Alden Branch195 North BroadwayAlden, MN 56009

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