Prime Security Bank, Financial Information

AboutPrime Security Bank

 Address:
201 Main Street North
Karlstad,MN
Kittson County,Minnesota
 Established:
Jun 1925
 Number of domestic offices:
3
Total assets$98M
Net income$1M
Net income,quarterly$0M
Total deposits$80M
Domestic deposits$80M
Equity capital$8M
ROA1.35%
ROAQ,quarterly1.33%
ROA,pretax1.33%
ROAQ,quarterly,pretax1.33%
ROE15.92%
ROEQ,quarterly16.16%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Prime Security Bank is a true community bank which offers you caring, personal service in a responsive manner. Prime Security Bank has provided its customers with high quality customer service in Minnesota communities since 1925. The bank originated in Karlstad, Minnesota and expanded to the Twin Cities in 1998.

Prime Security Bank offers a variety of financial products and services that meet the needs of your business and family. Prime Security Bank has a full range of deposit account products to meet the financial needs of your whole family. The annual percentage yields (APYs) on the Money Market Savings and Certificate products are typically some of the highest you will find in the area.

Whether you’re looking to make some home improvements, buy a vehicle or consolidate debt, Prime Security Bank offers a variety of loans for just about any goal you may have: Home Equity Loans and Credit Lines, Personal Loans, Installment Loans for Autos, Boats, Snowmobiles and ATVs, Ready Reserve.

Shakopee Office
1305 Vierling Drive
Shakopee, MN 55379
Phone: 952-403-6400
Fax: 952-403-6272

Eagan Office
1595 Thomas Center Drive
Eagan, MN 55122
Phone: 651-332-7600
Fax: 651-332-7601

Karlstad Office
201 Main Street South
P.O. Box 219
Karlstad, MN 56732
Phone: 218-436-2151
Fax 218-436-2154

Lancaster Office
120 Central Avenue
Lancaster, MN 56735
Phone: 218-762-2151
Fax: 218-762-2154