First Security Bank - Sanborn
Sanborn, MN · Cert 1386 · Peer group: banks under $1B in assets in MN (n=124-126)
FDIC · 2 branches
Q3 2024
$42.6MAssets
$23.1MLoans
$37.7MDeposits
$4.6MEquity
Executive Summary
- Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 25 of 124).
- Widest gap: return on equity trails 100% of banks under $1B in assets in MN (rank 126 of 126).
- Overall: at or above the peer median on 4 of 9 directional measures.
Return on Assets
-0.78%
Rank 125 of 126
Net Interest Margin
3.09%
Rank 76 of 126
Efficiency Ratio
102.70%
Rank 125 of 126
Equity / Assets
10.81%
Rank 46 of 126
Non-interest income vs. expense
Unfavorable gap of $1.4M · efficiency ratio beats 2% of banks under $1B in assets in MN | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|
| Earnings |
| Return on Assets | -0.78% | 0.57% | 0.86% | 1.26% | Beats 1% | 125 / 126 | | |
| Return on Equity | -7.24% | 5.98% | 9.44% | 12.15% | Beats 0% | 126 / 126 | | |
| Net Interest Margin | 3.09% | 2.90% | 3.27% | 3.83% | Beats 40% | 76 / 126 | | |
| Efficiency Ratio | 102.70% | 58.59% | 67.34% | 75.19% | Beats 2% | 125 / 126 | | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.00% | 0.02% | 0.33% | 1.14% | Beats 100% | 25 / 124 | | |
| Net Charge-Offs / Loans | 1.52% | n/a | 0.01% | 0.04% | Beats 1% | 124 / 124 | | |
| Capital |
| Tier 1 Capital Ratio | 16.23% | 11.32% | 13.51% | 18.92% | Beats 65% | 44 / 126 | | |
| Total Risk-Based Capital Ratio | 17.33% | 11.73% | 14.10% | 19.91% | Beats 66% | 43 / 126 | | |
| Equity / Assets | 10.81% | 8.19% | 9.75% | 12.03% | Beats 63% | 46 / 126 | | |
| Liquidity & Funding |
| Loans / Deposits | 61.47% | 61.75% | 75.71% | 91.93% | 23rd pctl | 95 / 124 | | |
| Loans / Assets | 54.34% | 54.10% | 64.74% | 77.31% | 27th pctl | 91 / 124 | | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |