# FIRST SECURITY BANK
BYRON, MN · FDIC certificate 9728 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (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 | $161.7M | |
| Deposits | $121.6M | |
| Loans and leases | $121.6M | |
| Total equity | $11.4M | |
| Loans / deposits | 98.64% (p90 of band) | 73.59% |
| Liquid assets / assets | 22.85% (p28 of band) | |
| Uninsured deposits / deposits | 23.70% (p64 of band) | 19.81% |
| Brokered deposits | 17.96% | |
| Wholesale funding | 35.42% (p99 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.93% (p2 of band) | 11.76% |
| Unrealized securities loss / equity | -9.94% (p40 of band) | -6.57% |
| AOCI / equity | -1.86% (p14 of band) | |
| ROA (annualized) | 1.05% (p43 of band) | 1.17% |
| Net interest margin | 3.51% (p30 of band) | 3.93% |
| Efficiency ratio | 55.75% (p24 of band) | |
| Noncurrent loans | 2.63% (p90 of band) | 0.36% |
| Net charge-offs (annualized) | 0.11% (p88 of band) | |
| Reserve coverage of noncurrent | 52.05% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 129.77% (p97 of band) | |
| Auto loans | $2.7M (2.19% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 7.0% | |
| Employees | 11 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | construction >100% equity |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | capital falling |  |
| 2012-03 | 3 | reserve under noncurrent, uninsured deposits leaving | capital falling |
| 2012-06 | 1 |  | reserve under noncurrent, uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | construction >100% equity |
| 2013-03 | 0 |  |  |
| 2013-06 | 2 | capital falling, construction >100% equity |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 2 | charge-offs p90 | capital falling |
| 2015-03 | 1 |  | charge-offs p90 |
| 2015-06 | 3 | capital falling, charge-offs p90 |  |
| 2015-09 | 2 |  | capital falling |
| 2015-12 | 3 | uninsured deposits leaving |  |
| 2016-03 | 1 |  | charge-offs p90, uninsured deposits leaving |
| 2016-06 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2016-09 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 2 | capital falling |  |
| 2019-06 | 1 |  | capital falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | uninsured deposits leaving |  |
| 2020-03 | 1 |  | uninsured deposits leaving |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | capital falling |  |
| 2022-06 | 2 | AOCI drag >20% of equity | capital falling |
| 2022-09 | 3 | securities losses >30% of equity |  |
| 2022-12 | 4 | capital falling |  |
| 2023-03 | 3 | wholesale funding >15% | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 4 | securities losses >30% of equity |  |
| 2023-09 | 5 | loans exceed deposits |  |
| 2023-12 | 3 |  | capital falling, securities losses >30% of equity |
| 2024-03 | 3 |  |  |
| 2024-06 | 4 | brokered >10%, capital falling | loans exceed deposits |
| 2024-09 | 5 | charge-offs p90 |  |
| 2024-12 | 4 |  | capital falling |
| 2025-03 | 4 |  |  |
| 2025-06 | 5 | loans exceed deposits, uninsured deposits leaving | charge-offs p90 |
| 2025-09 | 4 |  | uninsured deposits leaving |
| 2025-12 | 4 |  |  |
| 2026-03 | 6 | noncurrent p90, reserve under noncurrent |  |
| 2026-06 | 5 |  | loans exceed deposits |

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

- 2026-01-13 [Benson’s First Security Bank to be acquired - Swift County Monitor-News](https://news.google.com/rss/articles/CBMif0FVX3lxTE9Yb2dkS0xOZU5zcHRMMTNXSzVYZzVjR3BzYXFrN3RqNGhfR3ZfdGFWX2VMdWdPTFJXaDBOVFlEVUxYRTlTVDl3Zno0VElkLWFubnVwcjRfVzJXaTZld2ZjS2NucmxTaEl5QnVRdlJ5bDJrd2x1aU1qWkpGZjR1ZWs?oc=5) · Swift County Monitor-News
- 2025-12-26 [First Security Bank to double in size with acquisition of Kansas-based Conway Bank - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQd3ZZSlNwUnJyYldFUGEzQTB0SVZVS1RQdGtvVm1OR1JGakhWT3d6T3F4UWFINV9ISWEyMlVjQUZfWEtOVmpmWmcxeVVubmMtQVotVUg2THNWNWduZWVxQ1BfTERrRFgwMU1uVS1EWFFESGpPU3hKZTVxX0FmeER5QndPUWJUbmxmbGdYRUJpMnJ1TTRfNjZJTFBFM2dDcEhNNENMWjlqMA?oc=5) · The Business Journals
- 2025-06-28 [Chris Ryan Elected Chairman of Minnesota Bankers Association - Post Bulletin](https://news.google.com/rss/articles/CBMizgFBVV95cUxQV29GN0ZuY0hrSmpzVnVYbHc1WEJPdHV6dDBtdGxsSmM2SjlaNXNWcWJfY3l3V0Jka3p4Yl9qUXVfYnFvNnBEb0Fna0wxVWpVbkJyRWo0LTJEWHh6RVl5VHJTTk9BeElFWFlQZlQzSmJMQW1VUnRnb1Uxa1RydlZOYU1vMjZmWmwyQW5tSS1FMlBqVHpIeDRnUDRZSDRBRUxmVENXYUgxTEZJbmNkRTJBcXNrWmktby05YUVpbHVGLWdhTWRFVGwwTnRicm4yQQ?oc=5) · Post Bulletin
- 2024-01-22 [New President and CEO at First Security Bank & Trust - kimt.com](https://news.google.com/rss/articles/CBMixAFBVV95cUxPSVNCcU9TaHFUdGtDcWFBcUlhSVQ3bHA4SVRITmRGbnRGa1Zvd01TZzJzc3d5N1hiSTRjeEJIMW9XaEFBSVlSZ3VUMmFfclR3RGw2Qms1NU9NME5HWjdwMGhieWtqWDFMSWxEQVZkQkFCSVJMMTZtc0hUaHN6THBDSlJjajc4WFQ1N21mNkVnNWpkbHo0bmpxQ3lnSXBZYUE4ZFh6RndXT3E5S0ltbFhiYVdXaW5VNm5HaWs3WVcycEt4Uk9f?oc=5) · kimt.com
- 2024-06-21 [First National Bank of Henning hosts ribbon cutting ceremony at Detroit Lakes branch - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMivgFBVV95cUxOSG1URjBXYkJ5blFjQlMtOUF3WVc5cm9GNmNfSllXUmZIVC1sbGVYNDh4MGd2ZUdlamlTUmVyazdtaHRlT2pBTW1yVURsendhV0tWWTlKTEhoam1DN2dLbWprOEdEbFgyYTZQRHpNSERxek40RkZjT0h0Rjl2UlZ0NmxlMFZDb0xfb0ZUdFRKeFVfZkZqRGx0NmlPOW5jUV9iaVRITkx6aEhpd3liSlo2eWY2X2gtT2d3Q3MtSVlB?oc=5) · Detroit Lakes Tribune
- 2023-08-17 [First National Bank of Henning to acquire Evansville and Detroit Lakes branches of First Security Bank - Perham Focus](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNR2NJd2dHdV9ULXFjMWZicTc3Z0FFV2hVaFFfdE9lNHJiZVNCOEw1VWxYXzJSREpBbU50WU4tQm11UW5vT1NZSUpwelUxRVd6Z2Z4bHJZU2I1M1NodkstYnJzdGItb0VPdGNpUDFlRm92MlRiRWNfNENyR0N6Q0J0WHlBcDVrZFFnMnNMUU1xeG9ISnVUazhycUhfeF9XM05vTFZGdHVaZmNadEZwUTlFTDFiUGJvSVQ0SFlRZjJwR3MyM19XTm5TRkJOVEFvM182aXVBUE9UMzc?oc=5) · Perham Focus
- 2018-02-19 [Goetz announced as First Security Bank President - delawareonline.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxPWTZ4TlRjcTk4Si1TVTJPSksyWjZVSjI4bjYyR2F1Y2ZTYVBJUHNua1dJQkJsOWJHRmtlV0VhWEx4d2w0RXEzNnAyUUt4ZEZtUURUZzg3RjVWaTNORThwRFZwbmZxRDdsVzFBQ0ZxT0Z4cmUyNjQtajRzNnc5ZmVHRkZhVjdDREE2Y2JIWmFJVXBSNWVGQzV6d2ZFQWY4Q24tc1k4S2pR?oc=5) · delawareonline.com
- 2019-02-11 [Melissa Peterson Joins Merchants Bank As Vice President & Commercial Banker - DrydenWire.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxNUjVKS3JSNlc3MTUwOWl5MUp5TDdJb0ZjLS1xd1ppNzg4dW54cThHS3V6VlpoM1U4QkJLTUV2bmNZNmlBcUlPN0gxMGdVb0xjY2sxLWdBdjNINnNGT1N0ZF9Wd0thMVdUamZDZk1pM1JNT1FMWkdKSVVmUG1Pc1RCR1ZyY0RBYzdISkpmNWsyZ2FnRUVoMll1UVhVOUJYTzdiRS1RdA?oc=5) · DrydenWire.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9728 (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/0.json (key "9728", 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