First Security Bank - Sleepy Eye
Sleepy Eye, Minnesota, Brown County
$183M in total assets, the 3,138th largest of 4,309 US banks and 121st of 225 headquartered in Minnesota.
- FDIC certificate
- 5252
- Established
- 1882
- Owned by
- First Sleepy Eye Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.firstsecuritybanks.com
At a glance
Compared with 150 banks headquartered in Minnesota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $183M | 32% | $291M | |
| Loans | $39M | 2% | $184M | |
| Deposits | $153M | 32% | $249M | |
| Return on assets | 1.49% | 68% | 1.23% | |
| Net interest margin | 3.51% | 18% | 4.00% | |
| Efficiency ratio | 56.8% | 35% | 61.1% | |
| Equity to assets | 15.55% | 97% | 9.54% | |
| Loans to deposits | 26% | 2% | 83% |
Growth
Total assets grew -6.1% a year over the last 5 years and -0.7% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2011 | First Security Bank - Evansville Evansville, MN, an affiliate under the same holding company | $20M |
| Jul 2008 | First Security Bank - Renville Renville, MN, an affiliate under the same holding company | $44M |
| Aug 1990 | Lakeland Federal Savings Bank Detroit Lakes, MN | $80M |
| Aug 1990 | Lakeland Savings Bank, F.S.B. Detroit Lakes, MN | $70M |
| Jun 1985 | Swift County Bank Benson, MN | $42M |
Where they operate
3 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Swift County, MN | $59M | 18.5% | 1 of 8 |
| Brown County, MN | $55M | 5.6% | 8 of 10 |
| Redwood County, MN | $15M | 1.8% | 8 of 9 |
| Renville County, MN | $14M | 3.0% | 9 of 9 |
| Cottonwood County, MN | $11M | 2.4% | 5 of 5 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 4 branches since 2016 (7 to 3, −57.1%). 0 opened, 0 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 7 | |||
| 2024 | Sold 2 branches to My Kind of Bank, National Association | 0 | 2 | −2 | 5 |
| 2026 through Q2 | Closed Benson and Renville | 0 | 2 | −2 | 3 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Farmland | 22% | 10% | |
| Business (C&I) | 20% | 15% | |
| 1-4 family residential | 16% | 28% | |
| Commercial real estate | 16% | 25% | |
| Agricultural | 14% | 8% | |
| Consumer | 4% | 4% | |
| Construction and land | 1% | 5% | |
| Multifamily | 1% | 4% | |
| Other | 6% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 51% | 49% | |
| Noninterest-bearing | 39% | 21% | |
| Time deposits | 10% | 30% |
Brokered deposits are 0.0% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 2.60% | 0.46% |
| Net charge-offs, annualized | -0.16% | 0.00% |
| Reserves to loans | 1.44% | 1.20% |
| Leverage ratio | 15.26% | 10.05% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Swift County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-security-bank-sleepy-eye-mn