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Security State Bank
Algona, IA · FDIC Certificate #15839 · Chartered 03/0
Total assets
$109.85M
Total deposits
$79.66M
Total equity
$29.99M
Net loans
$82.40M
Branches (offices)
4
Net income (YTD)
$1.28M
Rank: #3,606 of 4,213 U.S. banks by assets · #188 of 225 in Iowa. Assets changed -6.8% and deposits -11.5% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.28% |
| Return on equity | 8.73% |
| Net interest margin (YTD) | 5.07% |
| Equity to assets | 27.30% |
| Tier 1 leverage ratio | 27.26% |
| Uninsured deposits (share of deposits) | 29.6% |
| Noncurrent loans (share of loans) | 2.14% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 103.4% |
| Real estate loans (share of loans) | 51.7% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $42.59M | 51.7% | |
| Commercial & industrial | $16.22M | 19.7% | |
| Consumer / individual | $679.00K | 0.8% | |
| Construction & development | $0 | 0.0% | |
| Agricultural | $18.01M | 21.9% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $140.07M | $119.37M | $702.00K | $20.54M |
| Jun 2023 | $118.62M | $95.91M | $1.20M | $22.25M |
| Jun 2024 | $113.84M | $88.85M | $1.07M | $24.82M |
| Jun 2025 | $117.85M | $90.05M | $1.15M | $27.46M |
| Jun 2026 | $109.85M | $79.66M | $1.28M | $29.99M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $79.66M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $79.66M.
Similar-sized banks
First Mutual Bank, FSB ($109.89M) · First Federal Savings And Loan Bank ($109.49M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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