First Security Bank - Canby
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Data as of · sourced from FFIEC call reports. How we update
First Security Bank - Canby is an FDIC-insured commercial bank headquartered in Canby, MN, established in 1890 (FDIC certificate 5107), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $85.2M, up 5.5% from Q2 2025, the 182nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 24.90% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 5107
- Headquarters
- Canby, MN
- Established
- 1890
- Total assets, Q2 2026
- $85.2M
- Assets vs Q2 2025
- +5.5%
- CET1 ratio, Q2 2026
- 24.90%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091202736
- Holding company
- FIRST SLEEPY EYE BANCORPORATION, INC.
- Asset rank in state
- 182nd of 221 in Minnesota
First Security Bank - Canby, based in Canby, Minnesota, reported $85 million in assets at June 30, 2026, up 5.5% from a year earlier. It pays an average of 0.72% on its deposits and borrowings, about half the median of 1.53% for the 583 banks with less than $100 million in assets. It also spends about 49 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 69 cents).
Earnings jumped: net income for the quarter was $443,000, 105% above the same quarter a year earlier. Over the same year, loans shrank 0.3% and deposits grew 3.5%.
As of June 30, 2026, First Security Bank - Canby reported a CET1 capital ratio of 24.90%, a return on assets of 2.08%, a nonperforming-loan ratio of 0.08% and a Texas ratio of 0.28%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Security Bank - Canby is the 182nd largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets fell 1.0% to $85.2M, loans rose 4.4% and deposits fell 1.9%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 35.9% of total loans, followed by commercial and industrial loans at 21.6%. The FDIC Summary of Deposits lists 2 offices for it, in Canby, MN and Lake Benton, MN; its Canby office books 54% of its branch deposits. On its Q2 2026 call report, First Security Bank - Canby meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 102 Saint Olaf Ave N, Canby, MN 56220
- County
- Yellow Medicine
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 10, 1890
- Former names
- First Security Bank Canby N. A. (2002-2003); Stearns Bank Canby National Association (1997-2002); National Bank of Canby (1973-1997)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 10
- Domestic deposits
- $72.5M
- Allowance for credit losses
- $438K
- Net charge-offs (YTD)
- $0
- Average total assets
- $85.3M
- Average total loans
- $36.7M
- Average interest-bearing deposits
- $45.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5107
- Fed RSSD
- 339353
- Website
- www.firstsecuritybanks.com →
- Parent Holding Company
- FIRST SLEEPY EYE BANCORPORATION, INC. (RSSD 1123401)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, First Security Bank - Canby's total assets ranged from $79.0M (Q4 2024) to $86.0M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$85.2M total assets against $80.7M; $72.8M total liabilities against $70.5M.
$37.6M net loans and leases against $37.7M; $72.5M total deposits against $70.1M.
$28.7M securities against $22.8M; $15.4M cash and balances due against $16.7M.
$974K total interest income against $852K; $130K total interest expense against $131K.
$844K net interest income against $721K.
$63K total noninterest income against $76K; $449K total noninterest expense against $410K.
$0 provision for credit losses against $0.
$443K net income against $216K.
2.08% return on assets against 1.07%; 4.09% net interest margin against 3.66%.
24.90% CET1 capital ratio against 20.21%; 14.06% tier 1 leverage ratio against 12.56%.
Inside the full First Security Bank - Canby terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.07% (Q2 2025) to 3.17% (Q3 2025) and its net interest margin ran from 3.58% (Q1 2025) to 4.27% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 24.90% | 2.08% | 0.08% | 0.28% | 4.09% |
| Q1 2026 | 24.30% | 2.10% | 0.05% | 0.18% | 4.12% |
| Q4 2025 | 22.52% | 1.59% | 0.05% | 0.18% | 4.27% |
| Q3 2025 | 21.10% | 3.17% | 0.80% | 3.04% | 4.09% |
| Q2 2025 | 20.21% | 1.07% | 0.00% | 0.00% | 3.66% |
| Q1 2025 | 18.57% | 1.47% | 2.57% | 11.50% | 3.58% |
| Q4 2024 | 20.58% | 1.30% | 0.29% | 1.20% | 3.88% |
| Q3 2024 | 18.45% | 2.17% | 0.31% | 1.33% | 4.06% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Security Bank - Canby (main office) | Canby , MN | 56220 | $38.9M |
| First Security Bank - Lake Benton Branch | Lake Benton , MN | 56149 | $33.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| April 9, 2011 | Structure Change | Acquired First Security Bank - Lake Benton Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 8, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 228 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $199K approved, $99K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Security Bank - Canby
What are First Security Bank - Canby's total assets?
As of the Q2 2026 filing, First Security Bank - Canby reported total assets of $85.2 million in its FFIEC call report.
Where is First Security Bank - Canby headquartered?
It is headquartered in Canby, MN, United States.
When was First Security Bank - Canby founded?
It was established in 1890, per the FDIC institution directory.
Is First Security Bank - Canby FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5107). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Security Bank - Canby?
First Security Bank - Canby's primary federal regulator is the FDIC.
What is First Security Bank - Canby's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 24.90% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Security Bank - Canby operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Security Bank - Canby's Texas Ratio?
Its Texas Ratio is 0.28% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was First Security Bank - Canby previously called?
The charter now named First Security Bank - Canby has also operated as First Security Bank Canby N. A. (2002-2003), Stearns Bank Canby National Association (1997-2002), National Bank of Canby (1973-1997), per FDIC structure-change records.
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