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 128^th largest bank in the state of Minnesota. It is also the 3,572^nd largest bank in the nation. It was established in 1906 and as of September of 2019, it had grown to 28 employees at 3 locations. Security Bank Minnesota's CD rates are 17% higher than the national average, and it has an A health rating.

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Health

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	10984
Year Established	1906
Employees	28
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.59%
Return on Equity - YTD	14.73%
Annual Interest Income	$5.0MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$134.1MM$127.7MM
Loans	Q3 2019vs Q3 2018	$111.9MM$101.6MM
Deposits	Q3 2019vs Q3 2018	$117.2MM$110.4MM
Equity Capital	Q3 2019vs Q3 2018	$14.5MM$14.4MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$1.7MM$1.4MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$364.00K$40.00K
Real Estate Owned	Q3 2019vs Q3 2018	$909.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.20%	$100	-	Variable IRA Savings
0.20%^*	$5k^*	-	Variable HSA
OTHER TIERS: 0.15% → $100 - $5k
0.20%	$100	-	Passbook Savings
0.10%	$25	-	Economy Savings

Security Bank Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Money Market Accounts
OTHER TIERS: 0.25% → Up to $20k \| 0.30% → $20k - $50k

Security Bank Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$10k	-	Security Gold Checking
0.15%^*	$2.5k^*	-	Interest Checking
OTHER TIERS: 0.10% → $500 - $2.5k

Security Bank Minnesota CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.90%^*	$50k^*	-	39 Month CD Special
OTHER TIERS: 1.75% → $5k - $50k
1.85%^*	$25k^*	-	60 Month CD
OTHER TIERS: 1.75% → $1k - $10k \| 1.80% → $10k - $25k
1.85%^*	$50k^*	-	19 Month CD Special
OTHER TIERS: 1.70% → $5k - $50k
1.65%^*	$25k^*	-	48 Month CD
OTHER TIERS: 1.55% → $1k - $10k \| 1.60% → $10k - $25k
1.45%^*	$25k^*	-	36 Month CD
OTHER TIERS: 1.35% → $1k - $10k \| 1.40% → $10k - $25k
1.35%^*	$25k^*	-	24 Month CD
OTHER TIERS: 1.25% → $1k - $10k \| 1.30% → $10k - $25k
1.10%^*	$25k^*	-	18 Month CD
OTHER TIERS: 1.00% → $1k - $10k \| 1.05% → $10k - $25k
1.05%^*	$25k^*	-	12 Month CD
OTHER TIERS: 0.95% → $1k - $10k \| 1.00% → $10k - $25k
0.85%^*	$25k^*	-	6 Month CD
OTHER TIERS: 0.75% → $1k - $10k \| 0.80% → $10k - $25k
0.45%^*	$25k^*	-	3 Month CD
OTHER TIERS: 0.35% → $1k - $10k \| 0.40% → $10k - $25k

Security Bank Minnesota IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%	$1k	-	60 Month IRA CD
1.55%	$1k	-	48 Month IRA CD
1.35%	$1k	-	36 Month IRA CD
1.25%	$1k	-	24 Month IRA CD
0.95%	$1k	-	12 Month IRA CD

Locations

Security Bank Minnesota Locations
Security Bank Minnesota - Emmons	201 Main Street	Emmons, MN 56029
Security Bank Minnesota	437 Bridge Avenue	Albert Lea, MN 56007
Alden Branch	195 North Broadway	Alden, MN 56009

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