First Security Bank - Sleepy Eye

101 East Main Street
Sleepy Eye, MN 56085

Notable Rates APY Vs.Others
Savings 0.15% 2.30% →
1-Year CD 0.50% 2.25% →
2-Year CD 0.60% 2.50% →
5-Year CD 1.25% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

First Security Bank - Sleepy Eye is an FDIC insured institution located in Sleepy Eye, MN. It was founded in 1882 and has approximately $0.19 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 5252
Date Established 1882
Assets $0.19 billion
Loans $0.13 billion
Deposits $0.16 billion
Capital $0.03 billion
 

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

Deposit Rates - December 6, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $1 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $24,999 Learn MoreShow Less
Money Market
0.45% $25,000 $74,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.35% $500 - Learn MoreShow Less
6 Mo CD
0.40% $500 - Learn MoreShow Less
12 Mo CD
0.50% $500 - Learn MoreShow Less
18 Mo CD
0.50% $500 - Learn MoreShow Less
24 Mo CD
0.60% $500 - Learn MoreShow Less
36 Mo CD
0.95% $500 - Learn MoreShow Less
48 Mo CD
1.00% $1,000 - Learn MoreShow Less
60 Mo CD
1.25% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.20% $1 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.15% $1 $9,999 Learn MoreShow Less

Loan Rates - December 6, 2019

Your Current Location: Washington, WA 98109

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

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




Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.625% 3.625% 0.00 ($65) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to First Security Bank - Sleepy Eye
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Security Bank - Sleepy Eye 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:
Seattle,Washington


First Security Bank - Sleepy Eye Locations


Financial Details

First Security Bank - Sleepy Eye Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Security Bank - Sleepy Eye. 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 - Sleepy Eye U.S. Bank Average
8.01% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, First Security Bank - Sleepy Eye had $2,200,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,900,000 in equity and $1,562,000 in loans loss reserves. That gives it a Texas Ratio of 8.01%.

Return on Equity
First Security Bank - Sleepy Eye U.S. Bank Average
1.78% 9.50%

First Security Bank - Sleepy Eye has a Return on Equity of 1.78% versus the BestCashCow average of 9.50%. 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 - Sleepy Eye U.S. Bank Average
14% 12.76%

First Security Bank - Sleepy Eye has a Capitalization of 14% versus the BestCashCow average of 12.76. 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 - Sleepy Eye Balance Sheet Analysis

As of June 30, 2019, First Security Bank - Sleepy Eye had assets of $185,064,000, loans of $125,558,000, and deposits of $158,760,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.13 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.16 billion
LIABILITIES
Total deposits $0.16 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.16 billion
      % insured (estimated) 86.46%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.16 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, First Security Bank - Sleepy Eye’s loan portfolio does not show any specific loan specialty.

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 16.46
Multifamily
Mortgages
3.36
Credit Card Loans 0.00
Consumer Auto Loans 1.04
Small Business Loans 6.70
Construction and Development Loans 0.67
Commercial Real Estate 21.42
Commercial and Industrial Loans 13.98
Farm Loans 18.45

Frequently Asked Questions About First Security Bank - Sleepy Eye

Branches and Savings

Is First Security Bank - Sleepy Eye FDIC insured?

Yes. It is covered under FDIC Certificate #5252.

Why does First Security Bank - Sleepy Eye 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 - Sleepy Eye CD rates not competitive?

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

Is First Security Bank - Sleepy Eye a commercial bank?

Yes

Where are First Security Bank - Sleepy Eye locations?

See branch locations nearby.

Is First Security Bank - Sleepy Eye open on Saturdays?

Is First Security Bank - Sleepy Eye open on Sundays?

What time does First Security Bank - Sleepy Eye open?

What time does First Security Bank - Sleepy Eye close?

Are First Security Bank - Sleepy Eye ATMs Open 24/7?

Do First Security Bank - Sleepy Eye ATMs accept cash deposits?

Can First Security Bank - Sleepy Eye customers use other ATMs?

Do First Security Bank - Sleepy Eye branches have notaries?

Will First Security Bank - Sleepy Eye notarize my document?

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

Will the First Security Bank - Sleepy Eye branch print checks?

Do First Security Bank - Sleepy Eye checks expire?

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

Can First Security Bank - Sleepy Eye close my account?

Does First Security Bank - Sleepy Eye Report to credit bureaus?

Does First Security Bank - Sleepy Eye Use Equifax?

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

What is First Security Bank - Sleepy Eye's SWIFT code?

Products

Does First Security Bank - Sleepy Eye offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Security Bank - Sleepy Eye offer personal loans?

Compare personal loan rates here.

Does First Security Bank - Sleepy Eye offer student loans?

Will First Security Bank - Sleepy Eye cash a check?

Will First Security Bank - Sleepy Eye redeem a savings bond?

Does First Security Bank - Sleepy Eye cash savings bonds?

Will First Security Bank - Sleepy Eye cash money orders?

Can First Security Bank - Sleepy Eye issue a money order?

Does First Security Bank - Sleepy Eye do currency exchange?

Background on The Bank

Who owns First Security Bank - Sleepy Eye?

How long has First Security Bank - Sleepy Eye been around?

Can First Security Bank - Sleepy Eye transfer to other banks?

Does First Security Bank - Sleepy Eye have quick pay?

Does First Security Bank - Sleepy Eye accept rolled coins?

Will First Security Bank - Sleepy Eye accept loose change?

Where is First Security Bank - Sleepy Eye headquarters?

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