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BankHealth

PRIME SECURITY BANK

KARLSTAD, MINNESOTA · FDIC Cert #10971

D
Health Score
48/100
$137M
Total Assets
$116M
Total Deposits
10.36%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

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

2.52%
Nonperforming Loans
Moderate — some loan stress
10.15%
Liquidity Ratio
Adequate liquidity
0.83%
Return on Assets
Low profitability
$116M
Domestic Deposits
Total domestic deposits held

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.

Frequently Asked Questions

PRIME SECURITY BANK has a Bank Health Score of D (48/100). 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.

PRIME SECURITY BANK holds $137M in total assets and $116M in total deposits. It is located in KARLSTAD, MINNESOTA (FDIC Certificate #10971).

PRIME SECURITY BANK has a Tier 1 capital ratio of 10.36%, classifying it as "Well-Capitalized." The 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. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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