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BankHealth

SECURITY BANK MINNESOTA

ALBERT LEA, MINNESOTA · FDIC Cert #10984

C
Health Score
54/100
$146M
Total Assets
$124M
Total Deposits
11.36%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, SECURITY BANK MINNESOTA holds a Tier 1 capital ratio of 11.36%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning SECURITY BANK MINNESOTA has a strong buffer to absorb potential losses.

Key Financial Metrics

2.65%
Nonperforming Loans
Moderate — some loan stress
15.20%
Liquidity Ratio
Adequate liquidity
0.74%
Return on Assets
Low profitability
$124M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

SECURITY BANK MINNESOTA shows average financial health. While not alarming, its Health Score of 54/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.

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

SECURITY BANK MINNESOTA has a Bank Health Score of C (54/100). It holds a Tier 1 capital ratio of 11.36%, 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.

SECURITY BANK MINNESOTA holds $146M in total assets and $124M in total deposits. It is located in ALBERT LEA, MINNESOTA (FDIC Certificate #10984).

SECURITY BANK MINNESOTA has a Tier 1 capital ratio of 11.36%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 2.65%, and the return on assets is 0.74%.

Yes. SECURITY BANK MINNESOTA is FDIC-insured (Certificate #10984). 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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