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 136^th largest bank in the state of Minnesota. It is also the 3,446^th largest bank in the nation. It was established in 1906 and as of June of 2024, 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.

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	10984
Year Established	1906
Employees	25
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	7.44%
Annual Interest Income	$4.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$146.3MM$142.3MM
Loans	Q2 2024vs Q2 2023	$118.9MM$121MM
Deposits	Q2 2024vs Q2 2023	$123.7MM$120.2MM
Equity Capital	Q2 2024vs Q2 2023	$14.3MM$15MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$1.8MM$1.9MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$3.2MM$112K
Real Estate Owned	Q2 2024vs Q2 2023	$0$99K

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
1.26%	$100	-	Variable IRA Savings
0.25%^*	$5k^*	-	Variable HSA
OTHER TIERS: 0.15% → $100 - $5k
0.25%	$25	-	Economy Savings
0.25%	$100	-	Regular Savings

Security Bank Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.27%^*	$250k^*	-	Platinum Money Market Savings
OTHER TIERS: 0.75% → $0 - $20k \| 1.00% → $20k - $50k \| 1.26% → $50k - $150k \| 1.76% → $150k - $250k
1.26%^*	$50k^*	-	Money Market Accounts
OTHER TIERS: 0.65% → $0 - $20k \| 0.95% → $20k - $50k

Security Bank Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	$10k	-	Security Gold Checking
0.40%^*	$2.5k^*	-	Interest Checking
OTHER TIERS: 0.20% → $500 - $2.5k

Security Bank Minnesota CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.26%	$1k	-	10 Month CD Special
3.75%	$1k	-	19 Month CD Special
3.55%	$1k	-	29 Month CD Special
2.75%^*	$25k^*	-	60 Month CD
OTHER TIERS: 2.65% → $1k - $10k \| 2.70% → $10k - $25k
2.75%^*	$25k^*	-	Business 60 Month CD
OTHER TIERS: 2.65% → $1k - $10k \| 2.70% → $10k - $25k
2.65%^*	$25k^*	-	48 Month CD
OTHER TIERS: 2.55% → $1k - $10k \| 2.60% → $10k - $25k
2.65%^*	$25k^*	-	Business 48 Month CD
OTHER TIERS: 2.55% → $1k - $10k \| 2.60% → $10k - $25k
2.50%^*	$25k^*	-	36 Month CD
OTHER TIERS: 2.40% → $1k - $10k \| 2.45% → $10k - $25k
2.50%^*	$25k^*	-	Business 36 Month CD
OTHER TIERS: 2.40% → $1k - $10k \| 2.45% → $10k - $25k
2.45%^*	$25k^*	-	24 Month CD
OTHER TIERS: 2.35% → $1k - $10k \| 2.40% → $10k - $25k
2.45%^*	$25k^*	-	Business 24 Month CD
OTHER TIERS: 2.35% → $1k - $10k \| 2.40% → $10k - $25k
2.40%^*	$25k^*	-	18 Month CD
OTHER TIERS: 2.30% → $1k - $10k \| 2.35% → $10k - $25k
2.40%^*	$25k^*	-	Business 18 Month CD
OTHER TIERS: 2.30% → $1k - $10k \| 2.35% → $10k - $25k
2.25%^*	$25k^*	-	12 Month CD
OTHER TIERS: 2.15% → $1k - $10k \| 2.20% → $10k - $25k
2.25%^*	$25k^*	-	Business 12 Month CD
OTHER TIERS: 2.15% → $1k - $10k \| 2.20% → $10k - $25k
2.16%^*	$25k^*	-	6 Month CD
OTHER TIERS: 2.06% → $1k - $10k \| 2.11% → $10k - $25k
2.16%^*	$25k^*	-	Business 6 Month CD
OTHER TIERS: 2.06% → $1k - $10k \| 2.11% → $10k - $25k
2.02%^*	$25k^*	-	3 Month CD
OTHER TIERS: 1.91% → $1k - $10k \| 1.96% → $10k - $25k
2.02%^*	$25k^*	-	Business 3 Month CD
OTHER TIERS: 1.91% → $1k - $10k \| 1.96% → $10k - $25k

Security Bank Minnesota IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Security Bank Minnesota Locations
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

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