Security State Bank
Alexandria, SD·RSSD 270652·FDIC 16448·bank:270652·Risk-based ratios where reported
- #44 of 58Total assets in South Dakota
- 3offices
- 16employees
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Security State Bank
11 of 24 FORFI signals stand out against 1223 similar banks, based on FDIC data for the quarter.
Net charge-offs falling while the peer median holds steadyStrength: Asset quality1.47%peers 0.00%+147 bps
Security State Bank's annualized net charge-off rate fell 1233 bps over the past year to 1.47%. Among 1206 similar banks, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized net charge-off rate | ||
| 1.47% | 0.00% | +147 bps |
| 12-month change | ||
| -1233 bps | 0 bps | -1233 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. Security State Bank itself is left out of every peer median and percentile. How signals work
Return on assets rising faster than peersStrength: Earnings0.03%peers 1.26%-124 bps
Security State Bank's annualized return on assets rose 655 bps over the past year to 0.03%. Among 1222 similar banks, the median rose 14 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized return on assets | ||
| 0.03% | 1.26% | -124 bps |
| 12-month change | ||
| +655 bps | +14 bps | +641 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. Security State Bank itself is left out of every peer median and percentile. How signals work
Efficiency ratio rising while the peer median fallsWorth a look: Efficiency 2nd quarter79.0%peers 63.2%+15.7 pp
Security State Bank's efficiency ratio rose 15.4 percentage points over the past year to 79.0%. Among 1216 similar banks, the median fell 2.1 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Efficiency ratio | ||
| 79.0% | 63.2% | +15.7 pp |
| 12-month change | ||
| +15.4 pp | -2.1 pp | +17.5 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. Security State Bank itself is left out of every peer median and percentile. How signals work
Noninterest-bearing deposit share rising while the peer median fallsStrength: Funding26.1%peers 21.6%+4.5 pp
Security State Bank's share of deposits that pay no interest rose 5.6 percentage points over the past year to 26.1%. Among 1212 similar banks, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Share of deposits that pay no interest | ||
| 26.1% | 21.6% | +4.5 pp |
| 12-month change | ||
| +5.6 pp | 0.0 pp | +5.6 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. Security State Bank itself is left out of every peer median and percentile. How signals work
Loans shrinking while the peer median growsNotable: Lending 2nd quarter-7.9%peers +5.3%-13.2 pp
Security State Bank's loans declined 7.9% over the past year to $54.3 million. The median among 1206 similar banks was +5.3%.
| This institution | Peer median | Difference |
|---|---|---|
| Loans, 12-month growth | ||
| -7.9% | +5.3% | -13.2 pp |
| Loans | ||
| $54.3 million | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. Security State Bank itself is left out of every peer median and percentile. How signals work
6 more observations
- Problem loans rising while the peer median holds steadyAsset quality
- Deposit costs falling faster than peersFunding
- Net interest margin narrowing while the peer median widensEarnings
- Unrealized securities position worsening while the peer median improvesCapital
- C&I lending shrinking while the peer median growsLending
- Reliance on CDs falling while the peer median holds steadyFunding
Key facts
- Security State Bank is a bank headquartered in Alexandria, South Dakota. It reported $103 million in total assets for the quarter ended June 30, 2026.
- Deposits totaled $95.6 million, up 2.5% from a year earlier, and loans totaled $54.3 million, down 7.9%.
- Its net interest margin was 3.74% and its annualized return on assets was 0.03% for the quarter.
- Its cost of all deposits was 1.71%, compared with a median of 1.68% among 1213 similar banks with $100 million to $300 million in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Security State Bank's own data, FORFI would look at: Which borrowers and segments are migrating toward delinquency, before losses arrive.
Analysis workspaces
Sources and identifiers
- Institution
- Security State Bank · Bank
- Federal Reserve RSSD
- 270652
- FDIC certificate
- 16448
- Reporting period
- Peer group
- 1223 banks with $100 million to $300 million in assets that filed FDIC data for the same quarter. Security State Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $7K | — | |
| $1.29M | — | |
| $401K | — | |
| $892K | — | |
| $26K | — | |
| $725K | — | |
| $188K | — | |
| $188K | — | |
| 0.03% | 0.03%ROAQ · Quarter | |
| 3.74% | 3.73%NIMYQ · Quarter | |
| 78.98% | 78.98%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.