Prime Security Bank
Karlstad, Minnesota · FDIC Cert #10971
Prime Security Bank is an FDIC-insured bank (Certificate #10971) with $137M in total assets and $116M in total deposits as of the Q2 2024 Call Report. Headquartered in Karlstad, Minnesota, the bank maintains a Tier 1 capital ratio of 10.36% (Well-Capitalized) and a nonperforming loan ratio of 2.52%. BankHealthData assigns a composite Health Grade of D (48/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Prime Security Bank (FDIC cert 10971) is a community bank — $137M in total assets, $116M in deposits, serving the Karlstad, Minnesota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.36% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 2.52% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is thin: 10.2% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is solid: ROA of 0.83% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Prime Security Bank carries a composite BankHealth grade of D (48/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Prime Security Bank
- Total Assets
- $137M
- Total Deposits
- $116M
- Tier 1 Capital Ratio
- 10.36%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.52%
- Liquidity Ratio
- 10.15%
- Return on Assets
- 0.83%
- Headquarters
- Karlstad, Minnesota
- FDIC Certificate
- #10971
- Health Grade
- D (48/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Prime Security Bank holds a Tier 1 capital ratio of 10.36%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Prime Security Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Prime Security Bank shows some financial weakness with a Health Score of 48/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Prime Security Bank Compares
Prime Security Bank’s Health Score of 48 is 25 points below the Minnesota state average of 73 across 225 FDIC-insured banks. Its 10.36% Tier 1 capital ratio is 3.6 points below the US banking industry average near 14%. The 2.52% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.83% is below the national ROA benchmark of ~1.1%. Among 1314 similarly-sized banks, the average Health Score is 68, meaning this bank ranks below its size cohort. Site-wide, Prime Security Bank is 22 points below the portfolio average of 70.
Frequently Asked Questions
Prime Security Bank has a Bank Health Score of D (48/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 10.36%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Prime Security Bank's Tier 1 capital ratio of 10.36% and nonperforming loan ratio of 2.52% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Prime Security Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #10971). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Prime Security Bank holds $137M in total assets and $116M in total deposits. It is headquartered in Karlstad, Minnesota (FDIC Certificate #10971).
Prime Security Bank has a Tier 1 capital ratio of 10.36%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.52%, and the return on assets is 0.83%.
Yes. Prime Security Bank is FDIC-insured (Certificate #10971). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Prime Security Bank shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.