Security State Bank
Algona, IA
IDRSSD: 750846
Total Assets
$113.14M
Latest filing
Total Deposits
$84.12M
Latest filing
Net Interest Margin
4.84%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
073900085SIOUX CITY, IA
Key People
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Locations
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Main Office
Security State Bank
1 E State St
Algona, IA 50511
Full Service - Brick and Mortar
Updated 01/30/2026Established 03/01/1931FDIC Certificate 10080
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Security State Bank (Main) | 1 E State St | Algona, IA |
| DEWITT STREET BRANCH | 102 Dewitt St | Luverne, IA |
| WALNUT STREET BRANCH | 122 Walnut St | Burt, IA |
| SECURITY STATE BANK CENTRAL PARK OFFICE | 801 E State St | Algona, IA |
Showing 3 of 3
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 | 03/01/1931 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 50511 |
| State and County Number | 19109 |
| Subchapter S Corporations | No |
| Trust Powers | Trust Powers Grandfathered |
| Federal Reserve ID Number | 07 |
| 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 | N/A |
Operational Info
| Number of Employees | 13 |
| Domestic Offices | 4 |
| 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 | 08/15/1941 |
| Primary Insurance Agency | DIF |
| Website | bankssb.com |
| Data Updated | 01/30/2026 |
| CERT | 15839 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $113.14M |
| Total Deposits | $84.12M |
| Total Liabilities | $84.32M |
| Total Equity Capital | $28.82M |
| Net Income | $623.00k |
| Net Loans and Leases | $78.21M |
| Assets Per Employee ($Millions) | $8.7M |
| Bank Premises and Fixed Assets | $524.00k |
| Cash and Balances due from Depository Institutions | $11.31M |
| Deposits Held in Domestic Offices | $84.12M |
Key Performance Ratios
| Return on Assets (ROA) | 2.16% |
| Return on Equity (ROE) | 8.75% |
| Net Interest Margin | 4.84% |
| Efficiency Ratio | 44.62% |
| Tier 1 Risk-Based Capital Ratio | 32.179% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 25.474% |
| Earning Assets to total Assets | 96.17% |
Income and Expense
| Total Interest Income | $1.68M |
| Total Noninterest Income | $50.00k |
| Total Interest Expense | $334.00k |
| Total Noninterest Expense | $622.00k |
| Net Interest Income | $1.34M |
| Pre-tax Net Operating Income | $772.00k |
| Provision for Credit Losses | $0 |
| 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 | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $203.00k |
| Total Liabilities and Capital | $113.14M |
Securities
| Securities | $19.79M |
| Available-for-sale debt securities | $19.79M |
| 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?
$113.14M as of the latest filing.
How much are Security State Bank's total deposits?
$84.12M in total deposits.
Where is Security State Bank located?
Algona, IA.
What is the Net Interest Margin?
4.84%.
How many domestic offices does it operate?
4.
When was it established?
03/01/1931.
What is the Return on Assets (ROA)?
2.16%.
How much are total loans and leases?
$78.21M (latest filing).
What is the total interest income (latest filing)?
$1.68M.