Security State Bank of Fergus Falls

128 Washington Avenue, East
Fergus Falls, MN 56537

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17733
Date Established 1957
Assets $0.13 billion
Loans $0.09 billion
Deposits $0.10 billion
Capital $0.01 billion

Security State Bank of Fergus Falls is an FDIC insured institution located in Fergus Falls, MN. It was founded in 1957 and has approximately $0.13 billion in assets.

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

Deposit Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.35% $2,500 - Learn MoreShow Less
0.60% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
0.70% $25,000 - Learn MoreShow Less
Special: 11 Mo CD
1.75% $900 - Learn MoreShow Less
1.25% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.35% $25,000 - Learn MoreShow Less
1.45% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
1.55% $25,000 - Learn MoreShow Less
1.70% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
1.80% $25,000 - Learn MoreShow Less
48 Mo CD
1.90% $2,500 - Learn MoreShow Less
60 Mo CD
2.00% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.15% $900 $9,999 Learn MoreShow Less
Special: 11 Mo FIRA
1.75% $900 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $24,999 Learn MoreShow Less

Loan Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Security State Bank of Fergus Falls

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.536% 3.500% 0.50 $1,108 $1,123 Learn More

Featured - Virginia 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

Note to Security State Bank of Fergus Falls
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Branches

Security State Bank of Fergus Falls 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:
Ashburn,Virginia


Security State Bank of Fergus Falls Locations


Financial Details

Security State Bank of Fergus Falls Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Security State Bank of Fergus Falls. 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
Security State Bank of Fergus Falls U.S. Bank Average
14.13% 6.94%

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 March 31, 2019, Security State Bank of Fergus Falls had $1,336,000 in non-current loans and $692,000 in owned real estate. To cover these potential losses it had $13,441,000 in equity and $907,000 in loans loss reserves. That gives it a Texas Ratio of 14.13%.

Return on Equity
Security State Bank of Fergus Falls U.S. Bank Average
11.2% 9.47%

Security State Bank of Fergus Falls has a Return on Equity of 11.2% versus the BestCashCow average of 9.47%. 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
Security State Bank of Fergus Falls U.S. Bank Average
10.55% 12.49%

Security State Bank of Fergus Falls has a Capitalization of 10.55% versus the BestCashCow average of 12.49. 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.

Security State Bank of Fergus Falls Balance Sheet Analysis

As of March 31, 2019, Security State Bank of Fergus Falls had assets of $127,375,000, loans of $89,274,000, and deposits of $97,779,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 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 $0.11 billion
LIABILITIES
Total deposits $0.10 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 77.81%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.11 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 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 Security State Bank of Fergus Falls’s loan portfolio are Farm Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Minnesota, Security State Bank of Fergus Falls has a significantly higher percent of Farm 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 11.73
Multifamily
Mortgages
1.15
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 0.00
Construction and Development Loans 1.04
Commercial Real Estate 16.28
Commercial and Industrial Loans 10.96
Farm Loans 31.83

Frequently Asked Questions About Security State Bank Of Fergus Falls

Branches and Savings

Is Security State Bank Of Fergus Falls FDIC insured?

Yes. It is covered under FDIC Certificate #17733.

Why does Security State Bank Of Fergus Falls pay such low interest on savings accounts?

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

Why are Security State Bank Of Fergus Falls CD rates not competitive?

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

Is Security State Bank Of Fergus Falls a commercial bank?

Yes

Where are Security State Bank Of Fergus Falls locations?

See branch locations nearby.

Is Security State Bank Of Fergus Falls open on Saturdays?

Is Security State Bank Of Fergus Falls open on Sundays?

What time does Security State Bank Of Fergus Falls open?

What time does Security State Bank Of Fergus Falls close?

Are Security State Bank Of Fergus Falls ATMs Open 24/7?

Do Security State Bank Of Fergus Falls ATMs accept cash deposits?

Can Security State Bank Of Fergus Falls customers use other ATMs?

Do Security State Bank Of Fergus Falls branches have notaries?

Will Security State Bank Of Fergus Falls notarize my document?

What address for Security State Bank Of Fergus Falls should I put for incoming ACH transfers?

Will the Security State Bank Of Fergus Falls branch print checks?

Do Security State Bank Of Fergus Falls checks expire?

Does Security State Bank Of Fergus Falls require US citizenship to open account?

Can Security State Bank Of Fergus Falls close my account?

Does Security State Bank Of Fergus Falls Report to credit bureaus?

Does Security State Bank Of Fergus Falls Use Equifax?

What is Security State Bank Of Fergus Falls's ACH Routing Number?

What is Security State Bank Of Fergus Falls's SWIFT code?

Products

Does Security State Bank Of Fergus Falls offer mortgages?

Compare mortgage rates here.

Does Security State Bank Of Fergus Falls offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Security State Bank Of Fergus Falls offer personal loans?

Compare personal loan rates here.

Does Security State Bank Of Fergus Falls offer student loans?

Will Security State Bank Of Fergus Falls cash a check?

Will Security State Bank Of Fergus Falls redeem a savings bond?

Does Security State Bank Of Fergus Falls cash savings bonds?

Will Security State Bank Of Fergus Falls cash money orders?

Can Security State Bank Of Fergus Falls issue a money order?

Does Security State Bank Of Fergus Falls do currency exchange?

Background on The Bank

Who owns Security State Bank Of Fergus Falls?

How long has Security State Bank Of Fergus Falls been around?

Can Security State Bank Of Fergus Falls transfer to other banks?

Does Security State Bank Of Fergus Falls have quick pay?

Does Security State Bank Of Fergus Falls accept rolled coins?

Will Security State Bank Of Fergus Falls accept loose change?

Where is Security State Bank Of Fergus Falls headquarters?

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