Security State Bank
Alexandria, SD
IDRSSD: 270652
Total Assets
$107.11M
Latest filing
Total Deposits
$99.33M
Latest filing
Net Interest Margin
3.80%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Security State Bank
450 Main St
Alexandria, SD 57311
Full Service - Brick and Mortar
Updated 01/30/2026Established 07/01/1946FDIC Certificate 10615
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Security State Bank (Main) | 450 Main St | Alexandria, SD |
| SPENCER BRANCH | 213 Main St | Spencer, SD |
| MONTROSE BRANCH | 107 W Main St | Montrose, SD |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 07/01/1946 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 57311 |
| State and County Number | 46061 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Mitchell, SD |
Operational Info
| Number of Employees | 15 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 07/01/1946 |
| Primary Insurance Agency | DIF |
| Website | https://www.bankwithsecurity.com |
| Data Updated | 01/30/2026 |
| CERT | 16448 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $107.11M |
| Total Deposits | $99.33M |
| Total Liabilities | $99.77M |
| Total Equity Capital | $7.34M |
| Net Income | $-453,000 |
| Net Loans and Leases | $56.81M |
| Assets Per Employee ($Millions) | $7.14M |
| Bank Premises and Fixed Assets | $1.00M |
| Cash and Balances due from Depository Institutions | $3.85M |
| Deposits Held in Domestic Offices | $99.33M |
Key Performance Ratios
| Return on Assets (ROA) | -1.71% |
| Return on Equity (ROE) | -24.15% |
| Net Interest Margin | 3.8% |
| Efficiency Ratio | 69.57% |
| Tier 1 Risk-Based Capital Ratio | 12.333% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 2.84% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.851% |
| Earning Assets to total Assets | 95.33% |
Income and Expense
| Total Interest Income | $1.44M |
| Total Noninterest Income | $31.00k |
| Total Interest Expense | $487.00k |
| Total Noninterest Expense | $686.00k |
| Net Interest Income | $955.00k |
| Pre-tax Net Operating Income | $-453,000 |
| Provision for Credit Losses | $753.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $3.70M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $439.00k |
| Total Liabilities and Capital | $107.11M |
Securities
| Securities | $38.51M |
| Available-for-sale debt securities | $38.50M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Security State Bank?
$107.11M as of the latest filing.
How much are Security State Bank's total deposits?
$99.33M in total deposits.
Where is Security State Bank located?
Alexandria, SD.
What is the Net Interest Margin?
3.80%.
How many domestic offices does it operate?
3.
When was it established?
07/01/1946.
What is the Return on Assets (ROA)?
-1.71%.
How much are total loans and leases?
$56.81M (latest filing).
What is the total interest income (latest filing)?
$1.44M.