Prime Security Bank is a state-chartered bank headquartered in Karlstad, Minnesota, in business for about 101 years. At the end of Q2 2026 it reported $154.5M in total assets and $131.3M in deposits, with 3 offices.
Based on its Q2 2026 filing, Prime Security Bank scores 59/100, which we describe as moderate. That is higher than only 17% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 176th. Its strongest component is loan quality (83/100; 0.52%), and its lowest is capital cushion (37/100; 8.71%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 4 points (63 → 59), mostly because the earnings component weakened by 10 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 35 |
| Q3 2024 | 48 |
| Q4 2024 | 56 |
| Q1 2025 | 63 |
| Q2 2025 | 63 |
| Q3 2025 | 62 |
| Q4 2025 | 62 |
| Q1 2026 | 69 |
| Q2 2026 | 59 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.98% |
| Q3 2024 | 8.02% |
| Q4 2024 | 8.30% |
| Q1 2025 | 8.66% |
| Q2 2025 | 8.80% |
| Q3 2025 | 8.83% |
| Q4 2025 | 8.97% |
| Q1 2026 | 9.23% |
| Q2 2026 | 8.71% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 2.52% |
| Q3 2024 | 1.23% |
| Q4 2024 | 0.47% |
| Q1 2025 | 0.45% |
| Q2 2025 | 0.45% |
| Q3 2025 | 0.44% |
| Q4 2025 | 0.43% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.52% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.67% |
| Q3 2024 | 0.76% |
| Q4 2024 | 0.82% |
| Q1 2025 | 1.43% |
| Q2 2025 | 1.25% |
| Q3 2025 | 1.28% |
| Q4 2025 | 1.20% |
| Q1 2026 | 1.46% |
| Q2 2026 | 1.00% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 59 | $154.5M | 8.71% | 0.52% | 1.00% | 101.6% |
| Q1 2026 | 69 | $148.6M | 9.23% | 0.00% | 1.46% | 101.6% |
| Q4 2025 | 62 | $145.5M | 8.97% | 0.43% | 1.20% | 98.3% |
| Q3 2025 | 62 | $145.5M | 8.83% | 0.44% | 1.28% | 98.3% |
| Q2 2025 | 63 | $147.0M | 8.80% | 0.45% | 1.25% | 94.7% |
| Q1 2025 | 63 | $144.0M | 8.66% | 0.45% | 1.43% | 97.7% |
| Q4 2024 | 56 | $136.2M | 8.30% | 0.47% | 0.82% | 102.2% |
| Q3 2024 | 48 | $133.7M | 8.02% | 1.23% | 0.76% | 99.6% |
| Q2 2024 | 35 | $136.8M | 7.98% | 2.52% | 0.67% | 102.2% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| State Bank of FairmontBank Fairmont, MN | 61 out of 100, Moderate | $154.2M | 10.4% | 2.03% | vs |
| Lake Region BankBank New London, MN | 84 out of 100, Strong | $153.0M | 10.4% | 0.09% | vs |
| Security State Bank of HibbingBank Hibbing, MN | 64 out of 100, Moderate | $151.9M | 11.6% | 1.54% | vs |
| Perennial BankBank Darwin, MN | 63 out of 100, Moderate | $158.1M | 9.5% | 1.36% | vs |
| First Southeast BankBank Harmony, MN | 68 out of 100, Moderate | $158.3M | 8.4% | 0.14% | vs |
| First Security BankBank Byron, MN | 37 out of 100, Low | $161.7M | 7.9% | 2.63% | vs |
Deposit insurance
Is my money safe at Prime Security Bank?
Yes. Prime Security Bank is an FDIC-insured institution (FDIC certificate #10971). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.3% of deposits ($24.0M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.71%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.57% (benchmark: 10%).
3 locations
Branches
Prime Security Bank lists 3 offices in 3 cities. Most locations:
- Eagan, MN (1)
- Karlstad, MN (1)
- Shakopee, MN (1)
Identity & history
Profile
- Legal name
- Prime Security Bank
- Former names
- The State Bank of Strandquist; Karlstad State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 10971
- RSSD ID
- 909756
- Primary regulator
- FDIC
- Holding company
- North State Bancshares Inc
- Established
- June 5, 1925
- Headquarters
- 201 Main St N, Karlstad, MN 56732
- Website
- www.primesecurity.com
- Employees
- 18
Quick answers
Prime Security Bank: common questions
Is Prime Security Bank FDIC insured?
Yes. Prime Security Bank is an FDIC-insured institution (FDIC certificate #10971). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Prime Security Bank's TellerScore?
59 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Prime Security Bank ever failed?
There is no failure record for FDIC certificate #10971 in the FDIC failed bank list.
How many branches does Prime Security Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Karlstad
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Marshall County State BankBank Newfolden, MN | 95 out of 100, Very strong | $45.4M | 15.8% | 0.00% | vs |
| KodaBankBank Drayton, ND | 75 out of 100, Strong | $559.8M | 10.3% | 0.30% | vs |
| United Valley BankBank Cavalier, ND | 72 out of 100, Strong | $751.6M | 10.5% | 0.13% | vs |
| Border BankBank Fargo, ND | 57 out of 100, Moderate | $1.1B | 9.1% | 1.07% | vs |