First Security Bank - Sleepy Eye

Headquarters

101 East Main Street
Sleepy Eye, MN 56085
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.66% →
1-Year CD 0.25% 0.67% →
2-Year CD 0.35% 0.75% →
5-Year CD 0.50% 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 - Sleepy Eye is an FDIC insured institution located in Sleepy Eye, MN. It was founded in 1882 and has approximately $0.25 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 5252
Date Established 1882
Assets $ 248.90 million
Loans $ 107.85 million
Deposits $ 219.01 million
Capital $ 29.56 million
 

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 - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.775% 2.750% 0.38 $808 $1,021 Learn More
Morty, Inc.
NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 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:
Fairfield,Connecticut


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
1.08% 5.49%

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 December 31, 2020, First Security Bank - Sleepy Eye had $208,000 in non-current loans and $127,000 in owned real estate. To cover these potential losses it had $29,560,000 in equity and $1,396,000 in loans loss reserves. That gives it a Texas Ratio of 1.08%.

Return on Equity
First Security Bank - Sleepy Eye U.S. Bank Average
8.95% 9.24%

First Security Bank - Sleepy Eye has a Return on Equity of 8.95% versus the BestCashCow average of 9.24%. 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
11.88% 11.96%

First Security Bank - Sleepy Eye has a Capitalization of 11.88% versus the BestCashCow average of 11.96. 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 December 31, 2020, First Security Bank - Sleepy Eye had assets of $248,895,000, loans of $107,854,000, and deposits of $219,013,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 28.67 million
Interest-bearing balances $ 21.56 million
Total securities $ 103.41 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 107.85 million
Loan loss allowance $ 1.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.13 million
Goodwill and other intangibles $ 2.24 million
All other assets $ 4.62 million
     Total Assets $ 219.34 million
LIABILITIES
Total deposits $ 219.01 million
      Interest-bearing deposits $ 134.26 million
      Deposits held in domestic offices $ 219.01 million
      % insured (estimated) 75.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.32 million
      Total Liabilities $ 219.34 million
      Shareholders’ Equity $ 29.56 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.38 million
Total Interest Expense $ 0.44 million
Net interest income $ 6.94 million
Provision for loan and lease losses $ 0.48 million
Total non interest income $ 1.05 million
Total non interest expense $ 4.96 million
Pre-tax Net Operating Income $ 2.56 million

Bank Loan Profile?

The top three loan types in First Security Bank - Sleepy Eye’s loan portfolio are Commercial Real Estate, Farm Loans, and Commercial and Industrial 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 12.82
Multifamily
Mortgages
3.53
Credit Card Loans 0.00
Consumer Auto Loans 1.23
Small Business Loans 5.42
Construction and Development Loans 0.27
Commercial Real Estate 21.63
Commercial and Industrial Loans 16.88
Farm Loans 17.54

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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