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 Security State Bank
Security State Bank
| RSSD ID 750846 | CERTIFICATE 15839 | ABA NUMBER 73921187 |
| 1 E State St |
Quarter Ended : |
2025-03-31 |
| Algona, Iowa, 50511 |
Updated : |
2025-04-28 |
| www.bankssb.com |
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| Institution Profile |
| Year Opened : |
1931 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
4 |
Number of Employees : |
13 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 117,889 |
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Total Interest Income | 1,604 |
| Total Liabilities | 91,096 |
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Total NonInterest Income | 45 |
| Total Bank Equity Capital | 26,793 |
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Total Interest Expense | 378 |
| Total Deposits | 90,654 |
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Total NonInterest Expense | 565 |
| Net Loans & Leases | 77,089 |
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Net Income | 555 |
| Loan Loss Allowance | 1,848 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 28,211 |
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Total loans | 76,167 |
| Total assets for the leverage ratio | 118,588 |
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Loans secured by real estate: | 39,141 |
| Tier 1 Leverage Ratio | 22.85 |
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Commercial and industrial loans | 13,548 |
| Tier 1 Capital Ratio | 30.54 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 31.8 |
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Loans to individuals - Other | 839 |
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:· Security State Bank
