First Security Bank - Sleepy Eye
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Data as of · sourced from FFIEC call reports. How we update
First Security Bank - Sleepy Eye is an FDIC-insured commercial bank headquartered in Sleepy Eye, MN, established in 1882 (FDIC certificate 5252), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $182.8M, up 2.9% from Q2 2025, the 121st largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 48.24% 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
- 5252
- Headquarters
- Sleepy Eye, MN
- Established
- 1882
- Total assets, Q2 2026
- $182.8M
- Assets vs Q2 2025
- +2.9%
- CET1 ratio, Q2 2026
- 48.24%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091901972
- Latest call report
- Q2 2026, FFIEC 051 · First Security Bank - Sleepy Eye call report
- Holding company
- FIRST SLEEPY EYE BANCORPORATION, INC.
- Asset rank in state
- 121st of 221 in Minnesota
Problem loans are rising at First Security Bank - Sleepy Eye. The Sleepy Eye, Minnesota bank had $183 million in assets at June 30, 2026, up 2.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.60% of loans from 0.08% a year earlier. It pays an average of 0.67% on its deposits and borrowings, about a third the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also holds common equity equal to 48.24% of its risk-weighted assets, about triple the median of 15.12% for banks its size.
Loans and deposits moved in opposite directions: over the year loans fell 28.9% and deposits rose 0.8%. The commercial and industrial book ($7.8 million) is worsening: 12.89% of it is past due or on nonaccrual, up from 8.25% a year earlier.
As of June 30, 2026, First Security Bank - Sleepy Eye reported a CET1 capital ratio of 48.24%, a return on assets of 1.68%, a nonperforming-loan ratio of 2.60% and a Texas ratio of 3.84%. The figures come from its call report filed with the FFIEC.
First Security Bank - Sleepy Eye ranks as the 121st largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 3.4% to $182.8M, loans fell 8.5% and deposits fell 4.7%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 22.5% of total loans, ahead of commercial and industrial loans at 19.6%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in MN; its Benson office books 39% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Security Bank - Sleepy Eye meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 Main St E, Sleepy Eye, MN 56085
- County
- Brown
- Metro Area
- New Ulm, MN
- 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
- January 1, 1882
- Former names
- First Security State Bank (1986-1997)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 20
- Domestic deposits
- $153.3M
- Allowance for credit losses
- $570K
- Net charge-offs (YTD)
- -$34K
- Average total assets
- $184.7M
- Average total loans
- $41.2M
- Average interest-bearing deposits
- $95.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5252
- Fed RSSD
- 861658
- 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
Over the 12 quarters to Q2 2026, First Security Bank - Sleepy Eye's total assets ran between $177.6M (Q2 2025) and $235.9M (Q4 2023), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$182.8M total assets against $177.6M; $154.4M total liabilities against $152.8M.
$38.9M net loans and leases against $54.8M; $153.3M total deposits against $152.1M.
$47.5M securities against $76.1M; $89.7M cash and balances due against $39.9M.
$1.9M total interest income against $1.8M; $260K total interest expense against $265K.
$1.6M net interest income against $1.5M.
$129K total noninterest income against $157K; $967K total noninterest expense against $962K.
$0 provision for credit losses against $0.
$777K net income against -$362K.
1.68% return on assets against -0.82%; 3.72% net interest margin against 3.49%.
48.24% CET1 capital ratio against 32.99%; 15.26% tier 1 leverage ratio against 14.30%.
Inside the full First Security Bank - Sleepy Eye terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Security Bank - Sleepy Eye rankings
Its closest position to the top of a national ranking is 1 of 2,134, for CET1 ratio; its furthest is 3,080 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -5.10% (Q3 2024) to 2.58% (Q4 2024) and its net interest margin ran from 3.22% (Q1 2026) to 4.14% (Q1 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 48.24% | 1.68% | 2.60% | 3.84% | 3.72% |
| Q1 2026 | 42.20% | 1.46% | 5.98% | 10.00% | 3.22% |
| Q4 2025 | 37.67% | 1.46% | 1.88% | 3.57% | 3.92% |
| Q3 2025 | 34.51% | 1.44% | 1.70% | 3.78% | 3.67% |
| Q2 2025 | 32.99% | -0.82% | 0.08% | 0.20% | 3.49% |
| Q1 2025 | 35.08% | -1.88% | 0.01% | 0.01% | 4.14% |
| Q4 2024 | 35.95% | 2.58% | 0.01% | 0.02% | 3.66% |
| Q3 2024 | 33.61% | -5.10% | 0.28% | 0.66% | 3.27% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| Benson Branch | Benson , MN | 56215 | $59.2M |
| First Security Bank - Sleepy Eye (main office) | Sleepy Eye , MN | 56085 | $54.5M |
| Lamberton Branch | Lamberton , MN | 56152 | $15.0M |
| First Security Bank - Renville Branch | Renville , MN | 56284 | $13.9M |
| Storden Branch | Storden , MN | 56174 | $10.7M |
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 |
|---|---|---|---|
| February 14, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 12, 2011 | Structure Change | Acquired First Security Bank - Evansville Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 14, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 14, 2008 | Structure Change | Acquired First Security Bank - Renville Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 25, 1990 | Structure Change | Acquired Lakeland Savings Bank, Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 24, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 14, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 14, 1985 | Structure Change | Acquired Swift County Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 154 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $55K approved, $55K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2013 (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 - Sleepy Eye
What are First Security Bank - Sleepy Eye's total assets?
As of the Q2 2026 filing, First Security Bank - Sleepy Eye reported total assets of $182.8 million in its FFIEC call report.
Where is First Security Bank - Sleepy Eye headquartered?
It is headquartered in Sleepy Eye, MN, United States.
When was First Security Bank - Sleepy Eye founded?
It was established in 1882, per the FDIC institution directory.
Is First Security Bank - Sleepy Eye FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5252). 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 - Sleepy Eye?
First Security Bank - Sleepy Eye's primary federal regulator is the FDIC.
What is First Security Bank - Sleepy Eye's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 48.24% 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 - Sleepy Eye operate?
It operates 5 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 - Sleepy Eye's Texas Ratio?
Its Texas Ratio is 3.84% 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 - Sleepy Eye previously called?
The charter now named First Security Bank - Sleepy Eye has also operated as First Security State Bank (1986-1997), per FDIC structure-change records.
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