Security State Bank of Aitkin
Aitkin, MN
IDRSSD: 267652
Total Assets
$112.58M
Latest filing
Total Deposits
$104.52M
Latest filing
Net Interest Margin
3.95%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
091916527AITKIN, MN
Key People
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Locations
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Main Office
Security State Bank of Aitkin
402 Minnesota Ave N
Aitkin, MN 56431
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/23/1947FDIC Certificate 10789
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Security State Bank of Aitkin (Main) | 402 Minnesota Ave N | Aitkin, MN |
| GARRISON BRANCH | 27310 Central St | Garrison, MN |
| PAULBECKS COUNTY MARKET BRANCH | 171 Red Oak Dr | Aitkin, MN |
| GRAND MARAIS BRANCH | 6 W Wisconsin St | Grand Marais, MN |
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 | 12/23/1947 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56431 |
| State and County Number | 27001 |
| 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 | N/A |
Operational Info
| Number of Employees | 21 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/02/1948 |
| Primary Insurance Agency | DIF |
| Website | http://www.ssbmn.com |
| Data Updated | 01/30/2026 |
| CERT | 16656 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $112.58M |
| Total Deposits | $104.52M |
| Total Liabilities | $105.96M |
| Total Equity Capital | $6.63M |
| Net Income | $216.00k |
| Net Loans and Leases | $52.68M |
| Assets Per Employee ($Millions) | $5.36M |
| Bank Premises and Fixed Assets | $2.28M |
| Cash and Balances due from Depository Institutions | $8.60M |
| Deposits Held in Domestic Offices | $104.52M |
Key Performance Ratios
| Return on Assets (ROA) | 0.77% |
| Return on Equity (ROE) | 13.61% |
| Net Interest Margin | 3.95% |
| Efficiency Ratio | 80.11% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| 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 | 5.885% |
| Earning Assets to total Assets | 92.09% |
Income and Expense
| Total Interest Income | $1.33M |
| Total Noninterest Income | $62.00k |
| Total Interest Expense | $310.00k |
| Total Noninterest Expense | $870.00k |
| Net Interest Income | $1.02M |
| Pre-tax Net Operating Income | $216.00k |
| 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 | $536.00k |
| Other borrowed funds | $1.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $440.00k |
| Total Liabilities and Capital | $112.58M |
Securities
| Securities | $43.16M |
| Available-for-sale debt securities | $43.16M |
| 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 of Aitkin?
$112.58M as of the latest filing.
How much are Security State Bank of Aitkin's total deposits?
$104.52M in total deposits.
Where is Security State Bank of Aitkin located?
Aitkin, MN.
What is the Net Interest Margin?
3.95%.
How many domestic offices does it operate?
4.
When was it established?
12/23/1947.
What is the Return on Assets (ROA)?
0.77%.
How much are total loans and leases?
$52.68M (latest filing).
What is the total interest income (latest filing)?
$1.33M.