First Security Bank-Hendricks

Headquarters

113 South Main Street
Hendricks, MN 56136
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Security Bank-Hendricks is an FDIC insured institution located in Hendricks, MN. It was founded in 1940 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 15767
Date Established 1940
Assets $ 44.01 million
Loans $ 17.32 million
Deposits $ 39.48 million
Capital $ 4.41 million
 

For a more detailed analysis of First Security Bank-Hendricks's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First Security Bank-Hendricks

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

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2.873% 2.800%
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$2,380 fees
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Featured - California Home Equity Line Of Credit Rates 2021

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After Intro: 4.840 %
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Note to First Security Bank-Hendricks
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Branches

First Security Bank-Hendricks branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


First Security Bank-Hendricks Locations


Financial Details

First Security Bank-Hendricks Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Security Bank-Hendricks. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Security Bank-Hendricks U.S. Bank Average
0% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, First Security Bank-Hendricks had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,412,000 in equity and $300,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Security Bank-Hendricks U.S. Bank Average
14.38% 11.43%

First Security Bank-Hendricks has a Return on Equity of 14.38% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Security Bank-Hendricks U.S. Bank Average
10.03% 11.51%

First Security Bank-Hendricks has a Capitalization of 10.03% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Security Bank-Hendricks Balance Sheet Analysis

As of March 31, 2021, First Security Bank-Hendricks had assets of $44,007,000, loans of $17,322,000, and deposits of $39,483,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 13.00 million
Interest-bearing balances $ 12.57 million
Total securities $ 12.97 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 17.32 million
Loan loss allowance $ 0.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.71 million
     Total Assets $ 39.60 million
LIABILITIES
Total deposits $ 39.48 million
      Interest-bearing deposits $ 26.00 million
      Deposits held in domestic offices $ 39.48 million
      % insured (estimated) 67.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.11 million
      Total Liabilities $ 39.60 million
      Shareholders’ Equity $ 4.41 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.30 million
Total Interest Expense $ 0.01 million
Net interest income $ 0.29 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.16 million
Pre-tax Net Operating Income $ 0.16 million

Bank Loan Profile?

The top three loan types in First Security Bank-Hendricks’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, First Security Bank-Hendricks has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.80
Multifamily
Mortgages
1.29
Credit Card Loans 0.00
Consumer Auto Loans 2.77
Small Business Loans 0.00
Construction and Development Loans 1.62
Commercial Real Estate 5.93
Commercial and Industrial Loans 47.98
Farm Loans 2.79

Frequently Asked Questions About First Security Bank-hendricks

Branches and Savings

Is First Security Bank-hendricks FDIC insured?

Yes. It is covered under FDIC Certificate #15767.

Why does First Security Bank-hendricks pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Security Bank-hendricks CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Security Bank-hendricks a commercial bank?

Yes

Where are First Security Bank-hendricks locations?

See branch locations nearby.

Is First Security Bank-hendricks open on Saturdays?

Is First Security Bank-hendricks open on Sundays?

What time does First Security Bank-hendricks open?

What time does First Security Bank-hendricks close?

Are First Security Bank-hendricks ATMs Open 24/7?

Do First Security Bank-hendricks ATMs accept cash deposits?

Can First Security Bank-hendricks customers use other ATMs?

Do First Security Bank-hendricks branches have notaries?

Will First Security Bank-hendricks notarize my document?

What address for First Security Bank-hendricks should I put for incoming ACH transfers?

Will the First Security Bank-hendricks branch print checks?

Do First Security Bank-hendricks checks expire?

Does First Security Bank-hendricks require US citizenship to open account?

Can First Security Bank-hendricks close my account?

Does First Security Bank-hendricks Report to credit bureaus?

Does First Security Bank-hendricks Use Equifax?

What is First Security Bank-hendricks's ACH Routing Number?

What is First Security Bank-hendricks's SWIFT code?

Products

Does First Security Bank-hendricks offer mortgages?

Compare mortgage rates here.

Does First Security Bank-hendricks offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Security Bank-hendricks offer personal loans?

Compare personal loan rates here.

Does First Security Bank-hendricks offer student loans?

Will First Security Bank-hendricks cash a check?

Will First Security Bank-hendricks redeem a savings bond?

Does First Security Bank-hendricks cash savings bonds?

Will First Security Bank-hendricks cash money orders?

Can First Security Bank-hendricks issue a money order?

Does First Security Bank-hendricks do currency exchange?

Background on The Bank

Who owns First Security Bank-hendricks?

How long has First Security Bank-hendricks been around?

Can First Security Bank-hendricks transfer to other banks?

Does First Security Bank-hendricks have quick pay?

Does First Security Bank-hendricks accept rolled coins?

Will First Security Bank-hendricks accept loose change?

Where is First Security Bank-hendricks headquarters?

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