Bank · FDIC insured
Prime Security Bank
A $154.5M bank headquartered in Karlstad, MN, with 3 branches in Minnesota. Best rates: CDs 4.00% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Savings: rates are not published online. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—4.00%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Prime Security Bank
Prime Security Bank has served customers since 1925, operating branch locations in Shakopee, Eagan, and Karlstad, Minnesota.
The bank focuses on meeting the financial needs of small businesses and professionals in the markets it serves.
- Headquarters
- 201 Main St N, Karlstad, MN 56732
- FDIC certificate
- 10971 ↗
Branches
3 branches in Minnesota
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Minnesota
3 branches
Karlstad area · 1
- Prime Security BankMain office201 Main St N, Karlstad, MN 56732Directions
Eagan area · 1
- Eagan Branch1595 Thomas Center Dr, Eagan, MN 55122Directions
Shakopee area · 1
- Shakopee Branch1305 Vierling Dr E, Shakopee, MN 55379Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.71% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.52% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.00% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $102 | $81 | — |
- CapitalLeverage ratio8.71%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.52%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.00%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$102Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Prime Security Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.