First Security Bank - West

Headquarters

100 East Main Street
Beulah, ND 58523
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD 0.60% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Security Bank - West is an FDIC insured institution located in Beulah, ND. It was founded in 1915 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 10253
Date Established 1915
Assets $ 67.60 million
Loans $ 36.89 million
Deposits $ 59.10 million
Capital $ 8.48 million
 

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

Deposit Rates - September 23, 2020

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
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
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
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $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
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

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

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to First Security Bank - West
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Branches

First Security Bank - West 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 - West Locations


Financial Details

First Security Bank - West Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Security Bank - West. 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 - West U.S. Bank Average
0.36% 6.94%

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, 2020, First Security Bank - West had $33,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,482,000 in equity and $583,000 in loans loss reserves. That gives it a Texas Ratio of 0.36%.

Return on Equity
First Security Bank - West U.S. Bank Average
14.86% 7.80%

First Security Bank - West has a Return on Equity of 14.86% versus the BestCashCow average of 7.80%. 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 - West U.S. Bank Average
12.55% 12.68%

First Security Bank - West has a Capitalization of 12.55% versus the BestCashCow average of 12.68. 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 - West Balance Sheet Analysis

As of March 31, 2020, First Security Bank - West had assets of $67,597,000, loans of $36,887,000, and deposits of $59,103,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 10.23 million
Interest-bearing balances $ 8.43 million
Total securities $ 15.17 million
Federal funds sold and reverse repurchase $ 3.60 million
Net loans and leases $ 36.89 million
Loan loss allowance $ 0.58 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 $ 1.31 million
     Total Assets $ 59.12 million
LIABILITIES
Total deposits $ 59.10 million
      Interest-bearing deposits $ 43.81 million
      Deposits held in domestic offices $ 59.10 million
      % insured (estimated) 75.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.01 million
      Total Liabilities $ 59.12 million
      Shareholders’ Equity $ 8.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.63 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.60 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.04 million
Total non interest expense $ 0.32 million
Pre-tax Net Operating Income $ 0.31 million

Bank Loan Profile?

The top three loan types in First Security Bank - West’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks in North Dakota, First Security Bank - West has a significantly higher percent of Commercial Real Estate, 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 1.79
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.59
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 41.61
Commercial and Industrial Loans 32.13
Farm Loans 12.63

Frequently Asked Questions About First Security Bank - West

Branches and Savings

Is First Security Bank - West FDIC insured?

Yes. It is covered under FDIC Certificate #10253.

Why does First Security Bank - West 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 - West CD rates not competitive?

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

Is First Security Bank - West a commercial bank?

Yes

Where are First Security Bank - West locations?

See branch locations nearby.

Is First Security Bank - West open on Saturdays?

Is First Security Bank - West open on Sundays?

What time does First Security Bank - West open?

What time does First Security Bank - West close?

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

Do First Security Bank - West ATMs accept cash deposits?

Can First Security Bank - West customers use other ATMs?

Do First Security Bank - West branches have notaries?

Will First Security Bank - West notarize my document?

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

Will the First Security Bank - West branch print checks?

Do First Security Bank - West checks expire?

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

Can First Security Bank - West close my account?

Does First Security Bank - West Report to credit bureaus?

Does First Security Bank - West Use Equifax?

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

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

Products

Does First Security Bank - West offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Security Bank - West offer personal loans?

Compare personal loan rates here.

Does First Security Bank - West offer student loans?

Will First Security Bank - West cash a check?

Will First Security Bank - West redeem a savings bond?

Does First Security Bank - West cash savings bonds?

Will First Security Bank - West cash money orders?

Can First Security Bank - West issue a money order?

Does First Security Bank - West do currency exchange?

Background on The Bank

Who owns First Security Bank - West?

How long has First Security Bank - West been around?

Can First Security Bank - West transfer to other banks?

Does First Security Bank - West have quick pay?

Does First Security Bank - West accept rolled coins?

Will First Security Bank - West accept loose change?

Where is First Security Bank - West headquarters?

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