Total Assets
$107M
Total balance-sheet footings
FDIC Cert #16448 · Alexandria, South Dakota · Est. 1946
Security State Bank - FDIC Bank Health Profile
This profile flags real pressure points from the bank's own quarterly Call Report, read past the headline grade before drawing conclusions.
- $107M
- Total assets
- C
- Health grade · Fair
- -0.74%
- Return on assets
- 12.3%
- Tier 1 capital
Data updated July 2026
The verdict
Security State Bank earns a PlainBankData health grade of C (63/100), with well-capitalized at 12.33% Tier 1, -0.74% ROA, efficient (56% cost ratio).
- #3,683
- largest of 4,313 FDIC banks by assets
- 15th
- percentile by asset size, nationally
- 12.33%
- Tier 1 ratio - above the 10% well-capitalized line
- 2nd
- percentile for profitability (ROA), nationally
A weak grade is PlainBankData's own read of the Call Report data, not an official FDIC rating, and it does not change your insurance coverage: every dollar stays protected to $250,000 per depositor, per category.
How Security State Bank's 63/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Security State Bank's composite health score
Tier 1 Capital Ratio (12.33%) 35/40
Return on Assets (ROA) (-0.74%) 0/25
Texas Ratio (12.82%) 16/20
Efficiency Ratio (56.30%) 12/15
63 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$99M
Customer-funded liabilities
Net Loans
$57M
Outstanding loan book
Net Income
$-769K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Security State Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Security State Bank's score of 63/100 falls in the highlighted band.
Security State Bank's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Security State Bank's $107M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
12.33% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
12.33%
Texas Ratio
12.82%
Equity Capital
$7M
Profitability metrics
Return on Assets (ROA)
2nd percentile nationally
-0.74%
Return on Equity (ROE)
-10.37%
Efficiency Ratio
56.30%
What the numbers say about Security State Bank
Security State Bank is an FDIC-insured institution (Certificate #16448) headquartered in Alexandria, South Dakota, established in 1946. It holds $107M in total assets - 3,683rd of 4,313 FDIC-insured banks, $99M in customer deposits, and $57M in net loans. On safety, its Tier 1 capital ratio of 12.33% is above the 10% well-capitalized threshold, and its Texas Ratio of 12.82% sits in the healthy range below 50%. It earns a PlainBankData health grade of C (63/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
By assets, Security State Bank ranks 42nd of 56 banks based in South Dakota -- squarely in the community-bank tier. Size alone doesn't determine a bank's local importance; a bank this size often has deeper, longer-standing relationships with the specific businesses and depositors it serves than a much larger institution would.
Income & expense breakdown
$7M
Interest Income
$94K
Non-Interest Income
$3M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Security State Bank reports a Texas Ratio of 12.82% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
12.82% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
What to watch at Security State Bank
Security State Bank's grade of C reflects specific pressure points in the FDIC Call Report. The bank reported negative net income of $-769K for the period, a loss that, if sustained, erodes the equity cushion.
Your deposits are still protected. Regardless of grade, FDIC insurance covers every dollar on deposit at Security State Bank up to $250,000 per depositor, per ownership category. A weak grade signals institutional financial stress for analysts, it is not a prediction of failure, and it does not affect insured-deposit safety.
Top banks in South Dakota by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Security State Bank (FDIC Cert #16448) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in South Dakota
All South Dakota banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Citibank, National AssociationSioux Falls | $1.84T | A | 0.85% |
| Wells Fargo Bank, National AssociationSioux Falls | $1.82T | A | 1.41% |
| The Bancorp Bank, National AssociationSioux Falls | $9.3B | A | 2.81% |
| Pathward, National AssociationSioux Falls | $7.6B | A | 2.65% |
| Dacotah BankAberdeen | $4.8B | B | 1.01% |
| First Bank & TrustBrookings | $4.7B | B | 1.02% |
| First PREMIER BankSioux Falls | $4.2B | A | 1.67% |
| First Dakota National BankYankton | $3.2B | A | 1.38% |
Frequently asked questions
What is Security State Bank's health grade?▼
Security State Bank receives a health grade of C (63/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is Security State Bank?▼
Security State Bank holds $107M in total assets and $99M in deposits, ranking 3,683rd of 4,313 FDIC-insured banks by asset size. It is headquartered in Alexandria, South Dakota.
Is my money safe at Security State Bank?▼
Yes, deposits at Security State Bank (Certificate #16448) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Security State Bank's Tier 1 Capital Ratio?▼
Security State Bank has a Tier 1 Capital Ratio of 12.33%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Security State Bank?▼
Security State Bank has a Texas Ratio of 12.82%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is Security State Bank?▼
Security State Bank has an Efficiency Ratio of 56.30%. Below 60% is considered efficient, the bank converts a strong share of revenue into profit. This metric compares non-interest expenses to total revenue.
What to do with this
How to read Security State Bank's profile as a depositor or analyst.
- Security State Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Security State Bank against other South Dakota banks before moving funds. South Dakota banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.