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Security Bank Minnesota


Overview / Commentary
www.securitybankmn.com
507-373-1481
437 Bridge Avenue
Albert Lea, MN 56007

Security Bank Minnesota is headquartered in Albert Lea and is the 126th largest bank in the state of Minnesota. It is also the 3,509th largest bank in the nation. It was established in 1906 and as of March of 2020, it had grown to 27 employees at 3 locations. Security Bank Minnesota has an A health rating.

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Health
A

Data as of Q1 2020

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Health Grade Components

Overall
FDIC Certificate #10984
Year Established1906
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD13.69%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$136.3MM$129.4MM
LoansQ1 2020vs Q1 2019$113.8MM$107.0MM
DepositsQ1 2020vs Q1 2019$120.6MM$113.5MM
Equity CapitalQ1 2020vs Q1 2019$13.7MM$13.4MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.6MM$1.6MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$208.00K$36.00K
Real Estate OwnedQ1 2020vs Q1 2019$860.00K$959.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Security Bank Minnesota Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-Variable IRA Savings
0.15%*$5k*-Variable HSA
OTHER TIERS: 0.10% → $100 - $5k
0.10%$100-Passbook Savings
0.05%$25-Economy Savings

Security Bank Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Money Market Accounts
OTHER TIERS: 0.10% → Up to $20k | 0.15% → $20k - $50k

Security Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$10k-Security Gold Checking
0.10%$500-Interest Checking

Security Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$50k*-39 Month CD Special
OTHER TIERS: 0.95% → $5k - $50k
0.85%*$25k*-60 Month CD
OTHER TIERS: 0.75% → $1k - $10k | 0.80% → $10k - $25k
0.75%*$25k*-48 Month CD
OTHER TIERS: 0.65% → $1k - $10k | 0.70% → $10k - $25k
0.70%*$50k*-19 Month CD Special
OTHER TIERS: 0.60% → $5k - $50k
0.60%*$25k*-24 Month CD
OTHER TIERS: 0.50% → $1k - $10k | 0.55% → $10k - $25k
0.55%*$25k*-18 Month CD
OTHER TIERS: 0.45% → $1k - $10k | 0.50% → $10k - $25k
0.50%*$25k*-12 Month CD
OTHER TIERS: 0.40% → $1k - $10k | 0.45% → $10k - $25k
0.40%*$25k*-6 Month CD
OTHER TIERS: 0.30% → $1k - $10k | 0.35% → $10k - $25k
0.35%*$25k*-3 Month CD
OTHER TIERS: 0.25% → $1k - $10k | 0.30% → $10k - $25k

Security Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-60 Month IRA CD
0.65%$1k-48 Month IRA CD
0.60%$1k-36 Month IRA CD
0.50%$1k-24 Month IRA CD
0.40%$1k-12 Month IRA CD
Locations


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

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