First Southeast Bank


3 Main Ave N
Harmony, MN 55939
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
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 Southeast Bank is an FDIC insured institution located in Harmony, MN. It was founded in 1893 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10576
Date Established 1893
Assets $ 121.87 million
Loans $ 81.38 million
Deposits $ 102.05 million
Capital $ 9.07 million

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

Deposit Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Southeast Bank

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 (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
CIT Bank
NMLS ID: 541760
2.811% 2.750%
0.75 points
$1,988 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Southeast Bank
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Financial Details

First Southeast Bank Ratio Analysis

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

Texas Ratio
First Southeast Bank U.S. Bank Average
7.37% 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 Southeast Bank had $5,000 in non-current loans and $730,000 in owned real estate. To cover these potential losses it had $9,067,000 in equity and $905,000 in loans loss reserves. That gives it a Texas Ratio of 7.37%.

Return on Equity
First Southeast Bank U.S. Bank Average
16.48% 11.43%

First Southeast Bank has a Return on Equity of 16.48% 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.

First Southeast Bank U.S. Bank Average
7.44% 11.51%

First Southeast Bank has a Capitalization of 7.44% 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 Southeast Bank Balance Sheet Analysis

As of March 31, 2021, First Southeast Bank had assets of $121,867,000, loans of $81,377,000, and deposits of $102,050,000. 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
Cash & Balances due from depository institutions $ 33.03 million
Interest-bearing balances $ 31.03 million
Total securities $ 2.69 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 81.38 million
Loan loss allowance $ 0.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.73 million
Goodwill and other intangibles N.A.
All other assets $ 1.56 million
     Total Assets $ 112.80 million
Total deposits $ 102.05 million
      Interest-bearing deposits $ 77.16 million
      Deposits held in domestic offices $ 102.05 million
      % insured (estimated) 89.02%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.77 million
Subordinated debt N.A.
All other liabilities $ 0.98 million
      Total Liabilities $ 112.80 million
      Shareholders’ Equity $ 9.07 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 1.44 million
Total Interest Expense $ 0.22 million
Net interest income $ 1.22 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.07 million
Total non interest expense $ 0.86 million
Pre-tax Net Operating Income $ 0.37 million

Bank Loan Profile?

The top three loan types in First Southeast Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, First Southeast Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.00
Credit Card Loans 0.00
Consumer Auto Loans 2.05
Small Business Loans 0.00
Construction and Development Loans 1.44
Commercial Real Estate 9.75
Commercial and Industrial Loans 15.72
Farm Loans 21.11

Frequently Asked Questions About First Southeast Bank

Branches and Savings

Is First Southeast Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10576.

Why does First Southeast Bank pay such low interest on savings accounts?

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

Why are First Southeast Bank CD rates not competitive?

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

Is First Southeast Bank a commercial bank?


Where are First Southeast Bank locations?

See branch locations nearby.

Is First Southeast Bank open on Saturdays?

Is First Southeast Bank open on Sundays?

What time does First Southeast Bank open?

What time does First Southeast Bank close?

Are First Southeast Bank ATMs Open 24/7?

Do First Southeast Bank ATMs accept cash deposits?

Can First Southeast Bank customers use other ATMs?

Do First Southeast Bank branches have notaries?

Will First Southeast Bank notarize my document?

What address for First Southeast Bank should I put for incoming ACH transfers?

Will the First Southeast Bank branch print checks?

Do First Southeast Bank checks expire?

Does First Southeast Bank require US citizenship to open account?

Can First Southeast Bank close my account?

Does First Southeast Bank Report to credit bureaus?

Does First Southeast Bank Use Equifax?

What is First Southeast Bank's ACH Routing Number?

What is First Southeast Bank's SWIFT code?


Does First Southeast Bank offer mortgages?

Compare mortgage rates here.

Does First Southeast Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Southeast Bank offer personal loans?

Compare personal loan rates here.

Does First Southeast Bank offer student loans?

Will First Southeast Bank cash a check?

Will First Southeast Bank redeem a savings bond?

Does First Southeast Bank cash savings bonds?

Will First Southeast Bank cash money orders?

Can First Southeast Bank issue a money order?

Does First Southeast Bank do currency exchange?

Background on The Bank

Who owns First Southeast Bank?

How long has First Southeast Bank been around?

Can First Southeast Bank transfer to other banks?

Does First Southeast Bank have quick pay?

Does First Southeast Bank accept rolled coins?

Will First Southeast Bank accept loose change?

Where is First Southeast Bank headquarters?

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