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 Security State Bank of Aitkin
Security State Bank of Aitkin
| RSSD ID 267652 | CERTIFICATE 16656 | ABA NUMBER 91916527 |
| 402 Minnesota Ave N |
Quarter Ended : |
2025-03-31 |
| Aitkin, Minnesota, 56431 |
Updated : |
2025-04-08 |
| www.ssbmn.com |
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| Institution Profile |
| Year Opened : |
1947 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
4 |
Number of Employees : |
22 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 110,681 |
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Total Interest Income | 1,330 |
| Total Liabilities | 104,052 |
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Total NonInterest Income | 51 |
| Total Bank Equity Capital | 6,629 |
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Total Interest Expense | 294 |
| Total Deposits | 102,506 |
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Total NonInterest Expense | 783 |
| Net Loans & Leases | 49,352 |
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Net Income | 304 |
| Loan Loss Allowance | 1,100 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 48,860 |
| Total assets for the leverage ratio | 111,399 |
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Loans secured by real estate: | 34,537 |
| Tier 1 Leverage Ratio | 12.73 |
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Commercial and industrial loans | 12,329 |
| Off Balance Sheet Exposures (%) | 6.97 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,994 |
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:· Security State Bank of Aitkin
