# SECURITY STATE BANK
CENTRALIA, WA · FDIC certificate 13232 · asset band $300M-1B · latest filing 2025-03 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $613.0M | |
| Deposits | $503.3M | |
| Loans and leases | $236.1M | |
| Total equity | $104.4M | |
| Loans / deposits | 45.52% (p5 of band) | 80.20% |
| Liquid assets / assets | 60.09% (p96 of band) | |
| Uninsured deposits / deposits | 17.56% (p22 of band) | 25.15% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 16.77% (p95 of band) | 10.44% |
| Unrealized securities loss / equity | -0.01% (p97 of band) | -13.25% |
| AOCI / equity | 0.00% (p11 of band) | |
| ROA (annualized) | 2.48% (p97 of band) | 1.02% |
| Net interest margin | 4.35% (p85 of band) | 3.54% |
| Efficiency ratio | 47.03% (p8 of band) | |
| Noncurrent loans | 0.16% (p33 of band) | 0.34% |
| Net charge-offs (annualized) | 0.00% (p47 of band) | |
| Reserve coverage of noncurrent | 1849.47% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 11.95% (p15 of band) | |
| Auto loans | $675,000 (0.29% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 0.7% | |
| Employees | 85 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 1 | charge-offs p90 |  |
| 2012-03 | 0 |  | charge-offs p90 |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | noncurrent p90 |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | noncurrent p90 |
| 2016-12 | 1 | noncurrent p90 |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | noncurrent p90 |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | capital falling |  |
| 2019-12 | 0 |  | capital falling |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | NIM <2.5% |  |
| 2021-06 | 2 |  |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | NIM <2.5% |
| 2023-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-22 [Washington credit union to buy Oregon bank - Banking Dive](https://news.google.com/rss/articles/CBMinAFBVV95cUxNMGtTVWZSWUR5NU93WlN1Tm5SWWZVNlR4QWx4RUFLSFpBdm1Gb1dtc1VLNXEtV3JYQ25mZHgwY1lpOXB4RWI4ZmxybmFNQkxqTEc2MjcxcU9oYWIyREgybHRmVFBGNnpHSENjWHBJZjJJYUpZcEF2Q182bmpFQ1VGME5CVU1jV3YtMzVUbl9fT2docU5XV2JuTHZyaUc?oc=5) · Banking Dive
- 2024-05-27 [Gesa Credit Union to acquire Washington-based Security State Bank - banking-gateway.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxPc19PYndqTE5KeHl3dTdpOHFKWVdpOS1IS19FWEc2cDZnUWJDZ05VcHpvUXlzaEYwanBqd2xQckFhOFRoRnVzNVB1RzBRYlZuZjJTbVpnUVhlUWJSYWE3c1FDWVJCdUx2ZkFGYjFFekZOcXQ2aWNFVzgtcFFrWENSYmMtN1YzQTV0VG9SSlN6SEk0c1hXOUtIQm9SdFVnLUs5TnFrc1J3?oc=5) · banking-gateway.com
- 2025-08-01 [Gesa Credit Union CEO talks Security State Bank acquisition, plans for future - The Daily Chronicle](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQaVhPLTJoSEw1MVVUb3dVOEZfNzh3Q21RVEl2T0ZLdDVaTkE5d2N3dHRIcjZVdVFqZUJJcVFRbWV3ZXZsbloydk9xN21OQktaYmk1ME5iTkxFVjgtcEVfZ0lpc3M1NDZfOFZJa0JsZjMweC1hY1l2TEtaU0M5V1Z5ejU5eW1YMmxEeC1kU3JYNVFZTEl2YWVpcWpTR3VIMVpjY2I4YmVIUlJZMnJPVzhQU0F0dDZJdGhC?oc=5) · The Daily Chronicle
- 2024-06-13 [Gesa Credit Union to acquire Security State Bank - Lynnwood Times](https://news.google.com/rss/articles/CBMib0FVX3lxTE50TUpkcnZrQ0lGbWlzQ2tqNXdUOGIwY0I2TnJSamQweW1UUktZQ2JkRlJ3anBTN291ZTNGbGtZX3ozcDNsNThfdy1ZVVlwTk5oY3o3QktXbmpwOTN5eUZVVlVVY1FFd0pvSENyZTUzdw?oc=5) · Lynnwood Times
- 2024-05-28 [121-Year-Old WA State Bank Acquired by GESA Credit Union - NEWStalk 870](https://news.google.com/rss/articles/CBMihwFBVV95cUxNRi1BSFhFVzZSRWJoZlh2RW0wZ3o2dG91NTVNMHJkeWNva0NWZ1pXanl5TnVOLV9KZ3pNdmJBZ3gwQnpQOFl3cVFBZDJXaFlGRjBpWXdVVjN5bEt3UGpNMGh0RDBkY2FkQzhZZXQyT0dRaEQ3dk1HYmNjREoxVjcwVXhoT3ZjSHM?oc=5) · NEWStalk 870
- 2020-07-22 [FBI searches for Hammon Security State Bank armed robbery suspect - KOKH](https://news.google.com/rss/articles/CBMimwFBVV95cUxPWGpJSjRxc29GcFg3OXVqczFkdmprakx5ZHJkMk4taGRLOVdjUDRKczBJZDNpbmd6Mm5aYlBtbWlwQlpLOVprMU1wd2dMZElyWlhXN2J3eG9ROEpsSWNDeUlsUjlhUWhENFdlUzJTZnI5Xzk2N2MyNGo4a1JJQURmOWxmbjItakdoNG1STDRub1JobVJBNENXX21WSQ?oc=5) · KOKH
- 2024-05-24 [Gesa Credit Union to buy Washington bank - Banking Dive](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPZ2RHdkZ3V1QwZWs1X0VkOEkySEtxZi1HVDhhY09fY2FSX1dRci0zNlpHQWRZTktmYmlhNmtPSWIxd0VLUGpCSUVKaEVMV3dwUWJNQlhlQWtFclp4OUtheVI3bVRHVnB2RFN1NnhZeFl0YWViZkliemQ4VGhjWlhRQlJVZUNoaFZhMEZmTVBycUdJUnBwVkI0MWVGSkNXTWhZdm5lR2doMmlrZw?oc=5) · Banking Dive
- 2025-01-02 [How many credit unions acquired banks in 2024? An industry M&A analysis | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQRXVobmhmLTlwUVhUSGhzUFNydE44NGZZekt6VlJsa0E0a2cxOV9fTEgwa2tHV0dpTXIxSEI2NUxQTERjeDNLSUlfWkJ4QXdzQzJ4QU9fN2RSUjVpTmJGQmJQSmxJd3NXQ04zSXJWMDU0cC1VenNxcXM4Y3hGXzUwUTAzYzZzeGtzeWU0X2RKN1RVWjhCaUg2QVl4U0xOV01vcUVrOTR1dHFYbTFiMmR0QWtkSzI2TzlLYzJn?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13232 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/48.json (key "13232", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide