Prime Security Bank
Karlstad, MN
IDRSSD: 909756
Total Assets
$148.61M
Latest filing
Total Deposits
$125.07M
Latest filing
Net Interest Margin
3.75%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Prime Security Bank
201 Main St N
Karlstad, MN 56732
Full Service - Brick and Mortar
Updated 04/10/2026Established 06/05/1925FDIC Certificate 7025
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Prime Security Bank (Main) | 201 Main St N | Karlstad, MN |
| SHAKOPEE BRANCH | 1305 Vierling Dr E | Shakopee, MN |
| EAGAN BRANCH | 1595 Thomas Center Dr | Eagan, MN |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 06/05/1925 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56732 |
| State and County Number | 27069 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 18 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.primesecurity.com |
| Data Updated | 04/10/2026 |
| CERT | 10971 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $148.61M |
| Total Deposits | $125.07M |
| Total Liabilities | $135.58M |
| Total Equity Capital | $13.03M |
| Net Income | $536.00k |
| Net Loans and Leases | $127.13M |
| Assets Per Employee ($Millions) | $8.26M |
| Bank Premises and Fixed Assets | $2.46M |
| Cash and Balances due from Depository Institutions | $13.14M |
| Deposits Held in Domestic Offices | $125.07M |
Key Performance Ratios
| Return on Assets (ROA) | 1.46% |
| Return on Equity (ROE) | 16.69% |
| Net Interest Margin | 3.75% |
| Efficiency Ratio | 60.25% |
| Tier 1 Risk-Based Capital Ratio | 11.556% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.766% |
| Earning Assets to total Assets | 95.85% |
Income and Expense
| Total Interest Income | $2.15M |
| Total Noninterest Income | $65.00k |
| Total Interest Expense | $826.00k |
| Total Noninterest Expense | $835.00k |
| Net Interest Income | $1.32M |
| Pre-tax Net Operating Income | $551.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $1.40M |
| Other borrowed funds | $3.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $6.50M |
| All Other Liabilities | $511.00k |
| Total Liabilities and Capital | $148.61M |
Securities
| Securities | $3.28M |
| Available-for-sale debt securities | $796.00k |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $2.48M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Prime Security Bank?
$148.61M as of the latest filing.
How much are Prime Security Bank's total deposits?
$125.07M in total deposits.
Where is Prime Security Bank located?
Karlstad, MN.
What is the Net Interest Margin?
3.75%.
How many domestic offices does it operate?
3.
When was it established?
06/05/1925.
What is the Return on Assets (ROA)?
1.46%.
How much are total loans and leases?
$127.13M (latest filing).
What is the total interest income (latest filing)?
$2.15M.