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Security State Bank

Algona, IA
IDRSSD: 750846
Total Assets
$117.89M
Latest filing
Total Deposits
$89.42M
Latest filing
Net Interest Margin
4.63%
Profitability
0

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 ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date03/01/1931
Community BankYes
Ownership TypeNot Mutual
ZIP50511
State and County Number19109
Subchapter S CorporationsNo
Trust PowersTrust Powers Grandfathered
Federal Reserve ID Number07
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictKansas City
Core Based Statistical Area NameN/A

Operational Info

Number of Employees13
Domestic Offices4
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date06/30/2024
Date of Deposit Insurance08/15/1941
Primary Insurance AgencyDIF
Websitebankssb.com
Data Updated11/14/2025
CERT15839
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$117.89M
Total Deposits$89.42M
Total Liabilities$89.74M
Total Equity Capital$28.14M
Net Income$623.00k
Net Loans and Leases$77.70M
Assets Per Employee ($Millions)$9.07M
Bank Premises and Fixed Assets$519.00k
Cash and Balances due from Depository Institutions$14.46M
Deposits Held in Domestic Offices$89.42M

Key Performance Ratios

Return on Assets (ROA)2.11%
Return on Equity (ROE)8.96%
Net Interest Margin4.63%
Efficiency Ratio40.38%
Tier 1 Risk-Based Capital Ratio32.266%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets23.872%
Earning Assets to total Assets96.26%

Income and Expense

Total Interest Income$1.67M
Total Noninterest Income$44.00k
Total Interest Expense$360.00k
Total Noninterest Expense$548.00k
Net Interest Income$1.31M
Pre-tax Net Operating Income$809.00k
Provision for Credit Losses$0
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$0
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$327.00k
Total Liabilities and Capital$117.89M

Securities

Securities$21.72M
Available-for-sale debt securities$21.72M
Equity securities with readily determinable fair values not held for trading$0
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?
$117.89M as of the latest filing.
How much are Security State Bank's total deposits?
$89.42M in total deposits.
Where is Security State Bank located?
Algona, IA.
What is the Net Interest Margin?
4.63%.
How many domestic offices does it operate?
4.
When was it established?
03/01/1931.
What is the Return on Assets (ROA)?
2.11%.
How much are total loans and leases?
$77.70M (latest filing).
What is the total interest income (latest filing)?
$1.67M.