First Security Bank - West
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Data as of · sourced from FFIEC call reports. How we update
First Security Bank - West is an FDIC-insured commercial bank headquartered in Beulah, ND, established in 1915 (FDIC certificate 10253), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $75.2M, up 7.6% from Q2 2025, the 52nd largest of 60 banks headquartered in North Dakota. Its CET1 capital ratio was 45.99% 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
- 10253
- Headquarters
- Beulah, ND
- Established
- 1915
- Total assets, Q2 2026
- $75.2M
- Assets vs Q2 2025
- +7.6%
- CET1 ratio, Q2 2026
- 45.99%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091309451
- Holding company
- BEULAH BANCORPORATION, INC.
- Asset rank in state
- 52nd of 60 in North Dakota
Problem loans are rising at First Security Bank - West. The Beulah, North Dakota bank had $75 million in assets at June 30, 2026, up 7.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.65% of loans from 0.00% a year earlier. It shrank its loan book 28.9% over the year, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 2.6%). It also pays an average of 0.82% on its deposits and borrowings, about half the median of 1.53% for banks its size.
Earnings fell sharply: quarterly net income of $186,000 was 34% below a year earlier. Over the same year, loans shrank 28.9% and deposits grew 6.5%. Credit is the area to watch: it carries problem assets equal to 11.4% of the capital and reserves that would absorb them, 8.2 times the median of 1.4% for banks its size.
As of June 30, 2026, First Security Bank - West reported a CET1 capital ratio of 45.99%, a return on assets of 0.98%, a nonperforming-loan ratio of 4.65% and a Texas ratio of 11.35%. The figures come from its call report filed with the FFIEC.
First Security Bank - West ranks as the 52nd largest of the 60 banks based in North Dakota, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.4% to $75.2M, loans fell 18.4% and deposits rose 1.1%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 32.1% of total loans, ahead of commercial and industrial loans at 12.9%. Its 2 offices in the FDIC Summary of Deposits are in Beulah, ND and Robinson, ND; its Beulah office books 83% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Security Bank - West meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 E Main St, Beulah, ND 58523
- County
- Mercer
- 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, 1915
- Former names
- Bank of Beulah (1938-2000)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 9
- Domestic deposits
- $66.5M
- Allowance for credit losses
- $263K
- Net charge-offs (YTD)
- $2K
- Average total assets
- $75.7M
- Average total loans
- $22.2M
- Average interest-bearing deposits
- $49.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10253
- Fed RSSD
- 969059
- Website
- www.firstsecuritybanks.com →
- Parent Holding Company
- BEULAH BANCORPORATION, INC. (RSSD 1919976)
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
First Security Bank - West's total assets moved between a low of $64.8M (Q3 2023) and a high of $75.2M (Q2 2026) from Q3 2023 to Q2 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
$75.2M total assets against $69.9M; $66.6M total liabilities against $62.5M.
$21.3M net loans and leases against $30.0M; $66.5M total deposits against $62.4M.
$30.6M securities against $24.2M; $21.8M cash and balances due against $14.4M.
$744K total interest income against $776K; $138K total interest expense against $119K.
$606K net interest income against $657K.
$33K total noninterest income against $34K; $462K total noninterest expense against $426K.
$4K provision for credit losses against -$9K.
$186K net income against $280K.
0.98% return on assets against 1.54%; 3.27% net interest margin against 3.77%.
45.99% CET1 capital ratio against 33.65%; 12.87% tier 1 leverage ratio against 12.15%.
Inside the full First Security Bank - West terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First Security Bank - West rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.55% (Q1 2026) to 1.83% (Q4 2025) and its net interest margin ran from 3.27% (Q2 2026) to 4.10% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 45.99% | 0.98% | 4.65% | 11.35% | 3.27% |
| Q1 2026 | 41.65% | 0.55% | 6.66% | 20.70% | 3.42% |
| Q4 2025 | 36.42% | 1.83% | 3.74% | 13.26% | 4.10% |
| Q3 2025 | 36.69% | 1.74% | 0.00% | 0.00% | 3.97% |
| Q2 2025 | 33.65% | 1.54% | 0.00% | 0.00% | 3.77% |
| Q1 2025 | 33.97% | 1.26% | 0.03% | 0.10% | 3.78% |
| Q4 2024 | 31.21% | 1.48% | 0.00% | 0.00% | 3.99% |
| Q3 2024 | 29.08% | 1.59% | 0.01% | 0.03% | 3.75% |
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 - West (main office) | Beulah , ND | 58523 | $54.9M |
| Robinson Branch | Robinson , ND | 58478 | $11.6M |
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 |
|---|---|---|---|
| January 1, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2002 | Structure Change | Acquired Fairview Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2000 | Structure Change | Acquired Security State Bank of Robinson Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in ND, rank 59 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $30K approved, $30K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (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 - West
What are First Security Bank - West's total assets?
As of the Q2 2026 filing, First Security Bank - West reported total assets of $75.2 million in its FFIEC call report.
Where is First Security Bank - West headquartered?
It is headquartered in Beulah, ND, United States.
When was First Security Bank - West founded?
It was established in 1915, per the FDIC institution directory.
Is First Security Bank - West FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10253). 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 - West?
First Security Bank - West's primary federal regulator is the FDIC.
What is First Security Bank - West's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 45.99% 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 - West 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 - West's Texas Ratio?
Its Texas Ratio is 11.35% 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 - West previously called?
The charter now named First Security Bank - West has also operated as Bank of Beulah (1938-2000), per FDIC structure-change records.
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