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 Security Bank Minnesota
Security Bank Minnesota
| RSSD ID 295057 | CERTIFICATE 10984 | ABA NUMBER 91908399 |
| 437 Bridge Ave |
Quarter Ended : |
2025-03-31 |
| Albert Lea, Minnesota, 56007 |
Updated : |
2025-04-11 |
| www.securitybankmn.com |
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| Institution Profile |
| Year Opened : |
1906 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
3 |
Number of Employees : |
25 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 149,223 |
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Total Interest Income | 2,194 |
| Total Liabilities | 135,053 |
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Total NonInterest Income | 88 |
| Total Bank Equity Capital | 14,170 |
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Total Interest Expense | 613 |
| Total Deposits | 127,123 |
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Total NonInterest Expense | 1,033 |
| Net Loans & Leases | 108,016 |
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Net Income | 335 |
| Loan Loss Allowance | 1,352 |
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Net Charge Offs | 147 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 15,466 |
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Total loans | 112,167 |
| Total assets for the leverage ratio | 145,865 |
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Loans secured by real estate: | 25,351 |
| Tier 1 Leverage Ratio | 9.67 |
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Commercial and industrial loans | 78,269 |
| Tier 1 Capital Ratio | 12.43 |
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Loans to individuals - Credit Cards | 33 |
| Total Capital Ratio | 13.64 |
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Loans to individuals - Other | 1,778 |
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:· Security Bank Minnesota
