# PRIME SECURITY BANK
KARLSTAD, MN · FDIC certificate 10971 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $154.5M | |
| Deposits | $131.3M | |
| Loans and leases | $134.2M | |
| Total equity | $12.8M | |
| Loans / deposits | 101.55% (p93 of band) | 73.59% |
| Liquid assets / assets | 10.56% (p4 of band) | |
| Uninsured deposits / deposits | 18.27% (p44 of band) | 19.81% |
| Brokered deposits | 2.86% | |
| Wholesale funding | 9.24% (p84 of band) | |
| FHLB advances / assets | 2.27% | |
| Tier 1 leverage | 8.71% (p8 of band) | 11.76% |
| Unrealized securities loss / equity | -0.56% (p82 of band) | -6.57% |
| AOCI / equity | 0.10% (p89 of band) | |
| ROA (annualized) | 1.00% (p39 of band) | 1.17% |
| Net interest margin | 3.77% (p41 of band) | 3.93% |
| Efficiency ratio | 71.57% (p64 of band) | |
| Noncurrent loans | 0.52% (p56 of band) | 0.36% |
| Net charge-offs (annualized) | 0.31% (p95 of band) | |
| Reserve coverage of noncurrent | 114.53% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 44.85% (p76 of band) | |
| Auto loans | $350,000 (0.26% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.2% | |
| Employees | 18 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | leverage <7%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 4 |  | noncurrent p90 |
| 2011-09 | 4 |  |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 7 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 7 |  |  |
| 2012-09 | 6 |  | uninsured deposits leaving |
| 2012-12 | 5 |  | reserve under noncurrent |
| 2013-03 | 3 |  | losing money, expense ratio p90 |
| 2013-06 | 2 |  | leverage <7% |
| 2013-09 | 3 | uninsured deposits leaving |  |
| 2013-12 | 1 | capital falling | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-03 | 3 | losing money, expense ratio p90 |  |
| 2014-06 | 4 | leverage <7% |  |
| 2014-09 | 2 |  | capital falling, leverage <7% |
| 2014-12 | 2 |  |  |
| 2015-03 | 1 |  | losing money |
| 2015-06 | 4 | liquid assets <10%, leverage <7%, losing money, uninsured deposits leaving | expense ratio p90 |
| 2015-09 | 6 | expense ratio p90, deposits shrinking, assets shrinking | leverage <7% |
| 2015-12 | 1 |  | liquid assets <10%, losing money, uninsured deposits leaving, deposits shrinking, assets shrinking |
| 2016-03 | 2 | liquid assets <10%, uninsured deposits leaving | expense ratio p90 |
| 2016-06 | 2 | loans exceed deposits | uninsured deposits leaving |
| 2016-09 | 0 |  | liquid assets <10%, loans exceed deposits |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2017-12 | 2 | capital falling | loans exceed deposits |
| 2018-03 | 0 |  | liquid assets <10%, capital falling |
| 2018-06 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 | capital falling | loans exceed deposits, liquid assets <10% |
| 2019-06 | 1 |  |  |
| 2019-09 | 3 | loans exceed deposits, liquid assets <10%, uninsured deposits leaving | capital falling |
| 2019-12 | 0 |  | loans exceed deposits, liquid assets <10%, uninsured deposits leaving |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 3 | loans exceed deposits, wholesale funding >15%, liquid assets <10% | capital falling |
| 2020-09 | 3 |  |  |
| 2020-12 | 1 |  | wholesale funding >15%, liquid assets <10% |
| 2021-03 | 2 | liquid assets <10% |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2021-12 | 0 |  |  |
| 2022-03 | 3 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2022-06 | 2 |  | liquid assets <10% |
| 2022-09 | 3 | wholesale funding >15% |  |
| 2022-12 | 2 | construction >100% equity | loans exceed deposits, wholesale funding >15% |
| 2023-03 | 3 | loans exceed deposits, wholesale funding >15%, liquid assets <10% | capital falling, construction >100% equity |
| 2023-06 | 4 | construction >100% equity |  |
| 2023-09 | 6 | capital falling, reserve under noncurrent |  |
| 2023-12 | 3 |  | wholesale funding >15%, liquid assets <10%, capital falling |
| 2024-03 | 5 | wholesale funding >15%, liquid assets <10%, noncurrent p90 | construction >100% equity |
| 2024-06 | 3 |  | wholesale funding >15%, liquid assets <10% |
| 2024-09 | 1 |  | loans exceed deposits, noncurrent p90 |
| 2024-12 | 2 | loans exceed deposits, uninsured deposits leaving | reserve under noncurrent |
| 2025-03 | 0 |  | loans exceed deposits, uninsured deposits leaving |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 2 | loans exceed deposits, charge-offs p90 |  |
| 2026-06 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2022-12-21 [State fund would help Minnesota grain elevators, which are closing at an alarming rate for farmers - Star Tribune](https://news.google.com/rss/articles/CBMi0AFBVV95cUxQZS03Sk8xdWNHSkdxNm1XN083emVJbFF4UUdTY3BGOXRSci1SZmROY2JZN1lMUEtQdkdRRy1maEdkZkxkUjdaT2lwNjJPa1ZlSW5OcnlfbEVPN0dLdGxLTHZOc1RxcGdRWFJsOW9OaU82aTZPSmRPakJUa3ExUmZHalZoRnR4RF9TejFpUTVVZVZxazNqR09PVmdEU1d5Q0lDX1VEMXlaMVN2N2gtSGRjbVQtcU5RM2RheWhIOTVfTWJPZG96SkY5WmxnWmh4VUh0?oc=5) · Star Tribune
- 2012-05-23 [Witness: Kiley tried to get $600K cash before Trevor Cook scheme crumbled - Pioneer Press](https://news.google.com/rss/articles/CBMirwFBVV95cUxPZ1VmQ0kxVUI2bE50VDJ3ejYyQzIweGRDdmJCbHhIc0xpQS0wRndHY2J3WjRDcGpQZ0RQeGFKUE12QVBqQU1iaVowa1BpSlZwdFoxVDhpR3J2SUVfRW5NSWIwbTNNU191MVI0Tk9wN1J2dVdxZ1g5WW5aelZSbTRaMUc4R2dkaVprU2Z3NWZZSEsyQmlsNGxlQ09JZkxCWVNWWU1vSnUxeXBldGJHbEww?oc=5) · Pioneer Press
- 2013-02-22 [Just Sold: Poquet Auto Sales buys vacant dealership in Lakeville - Finance & Commerce](https://news.google.com/rss/articles/CBMiowFBVV95cUxPRklSV3BfVW9iTmg4RGdyX2VWdFJRSjEwd0VVNVowNW9QN0hvcm90WjlaV1ZLZ29tZ25wTjlSUHNfS2xrZXdHOU50VnFvRmJ6dGRSUXJDbFJmYXRqbXZaaFprblZPbU1LT0tKRE1fQThobzctRVlmLWM5emFqeWtNX0VKaGswZFFnRmt5RHljRld2dDFDUzh2T3pPaUdVbWZUaFo0?oc=5) · Finance &amp; Commerce

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10971 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/27.json (key "10971", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide