# SECURITY BANK USA
BEMIDJI, MN · FDIC certificate 1604 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $263.9M | |
| Deposits | $238.8M | |
| Loans and leases | $194.9M | |
| Total equity | $24.1M | |
| Loans / deposits | 80.55% (p63 of band) | 73.59% |
| Liquid assets / assets | 23.04% (p28 of band) | |
| Uninsured deposits / deposits | 13.72% (p27 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.36% (p15 of band) | 11.76% |
| Unrealized securities loss / equity | -4.06% (p60 of band) | -6.57% |
| AOCI / equity | -1.46% (p19 of band) | |
| ROA (annualized) | 1.84% (p81 of band) | 1.17% |
| Net interest margin | 4.53% (p77 of band) | 3.93% |
| Efficiency ratio | 62.52% (p41 of band) | |
| Noncurrent loans | 0.22% (p43 of band) | 0.36% |
| Net charge-offs (annualized) | 0.03% (p77 of band) | |
| Reserve coverage of noncurrent | 572.77% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 46.77% (p78 of band) | |
| Auto loans | $11.3M (5.80% of loans; DQ 0.95%, NCO 0.03%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 4.2% | |
| Employees | 50 | |

## 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 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2012-09 | 2 | reserve under noncurrent |  |
| 2012-12 | 1 |  | reserve under noncurrent |
| 2013-03 | 1 |  |  |
| 2013-06 | 0 |  | uninsured deposits leaving |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 2 | liquid assets <10%, capital falling |  |
| 2015-09 | 0 |  | liquid assets <10%, capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 2 | liquid assets <10%, capital falling |  |
| 2016-09 | 0 |  | liquid assets <10%, capital falling |
| 2016-12 | 1 | charge-offs p90 |  |
| 2017-03 | 2 | reserve under noncurrent, uninsured deposits leaving | charge-offs p90 |
| 2017-06 | 1 |  | reserve under noncurrent |
| 2017-09 | 2 | reserve under noncurrent |  |
| 2017-12 | 2 | charge-offs p90 | uninsured deposits leaving |
| 2018-03 | 1 |  | charge-offs p90 |
| 2018-06 | 1 |  |  |
| 2018-09 | 0 |  | reserve under noncurrent |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | capital falling |  |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | uninsured deposits leaving |  |
| 2020-06 | 1 | capital falling | uninsured deposits leaving |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | uninsured deposits leaving |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 0 |  | uninsured deposits leaving |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2017-02-11 [Baer celebrates 50 years with Security Bank USA - Bemidji Pioneer](https://news.google.com/rss/articles/CBMikAFBVV95cUxPWDlnd0RObV9QeC1sYjVSWjlpRU9RVVBURy14RnE5MkxDNkZySHZQcVdKdWZjbGpKRnl4ZkxjaFY5Vl9QekE3MTZmcy1KOVdMbEhvZm5jdm94YkF3WHZ0VG9ZVlRzVHV1ZjBlLTVSTVo0VFVnTkhnRk8tSFE1NDNkOXNKZ25pTmJmSXdaUzlTRlo?oc=5) · Bemidji Pioneer
- 2025-08-22 [Raymo named chairman of BankIn Minnesota Board - The Globe | Worthington, Minnesota](https://news.google.com/rss/articles/CBMihwFBVV95cUxQZnZtVXd0M0VfVkZmcTNvdExlNlVqdDRMMGZmcnN1UW5Ua0VMdW9JTm5TRjdLMklqQ2ozTW96UWJtOWFEcFR6b2I3LXB5R1BqQjl2enJ6TlpUWXZscS1vY2J5Q0U3d0NmS2tSYzZjeWNkLWU1U0pyQmJqRXhEUWd1TmF5ZE9FSVE?oc=5) · The Globe | Worthington, Minnesota
- 2017-05-14 [Security Bank USA joins ICBA for meeting with President Trump - Bemidji Pioneer](https://news.google.com/rss/articles/CBMiowFBVV95cUxQZWNxeG1YUDQ4NTVCb3NGLTVUbndvMHV2UnpDR19ZS3k1WDN1ZWJ5QUh5UXgwcXdieE9jNlFVMThMb2ZOd0Q5RlM5a2Y2UjY0VWlLOS1TczBkZE9rVnA1VG5idkh1RVhXLVdvZXdXVUEwN0N1dU11eXU0Y1NyTF9JZHpXdEw5NjZCNDU3UkpQMlREcVItMk1DZHdzMVFNLXphVzVr?oc=5) · Bemidji Pioneer
- 2017-04-02 [Security Bank USA donates to Great River, food shelf - Bemidji Pioneer](https://news.google.com/rss/articles/CBMikAFBVV95cUxQUFBmZFBKVGhtRHdRS2FqeVlWMFAtVk9nenktRVVOVGlxTEhYNXNBa29IT3g5YklRYU5Sd2taSW9Hc3B1cHpYeUJvSG1ZS3RRakVBRlpRWGpFUm93ckM5UUxEMlRoVDZIWjdVVXEtTTJJQ0FNTkRqeElJdmhmWXctMXBVTjdNcnRMQkYyY1ZlTlM?oc=5) · Bemidji Pioneer
- 2023-02-11 ['A wonderful human being': Bill Howe poured himself into his work and community - Bemidji Pioneer](https://news.google.com/rss/articles/CBMiugFBVV95cUxPWmh0NktfVmpLMTdJdWNXbkY1YW9mdWxkaUkxT21Ba0EybEJGZlR4VkNEMFZPejloajFnT2xZMGs2dEdFbk4wYmd2bUIwUklnS3VrY05LSnd1THdVVHV4dkZLTU9LUmNkUFRsM0Y0THhVbW9HNjZTLTJYSlREcFRKYjgydjJoLU1sejY0d2wzcXNVeVExV2V0SzljQ0FSMXBreXlpVTBNUDFNclZQVGdFU1NJYUtzcUJWdkE?oc=5) · Bemidji Pioneer
- 2015-09-18 [Welle named chamber board chair - Bemidji Pioneer](https://news.google.com/rss/articles/CBMie0FVX3lxTE1yNmkyUktsWFpGM1pvaGJ1TFNnYl91OGhiZk5obXVONXVmOUpTN2h2LTRCeEhpSmM1UF9BS1hKZWZWeUxoU21WTXN1T0gzZlBrZGVXTmFRN1ROcTFUdGdtYkFqWVhlaFNkYnRVYUE3TXhWTDlZdmpNVTRaNA?oc=5) · Bemidji Pioneer
- 2017-08-19 [Lumberjack Scramble held at BTCC - Bemidji Pioneer](https://news.google.com/rss/articles/CBMiekFVX3lxTE9QSG9xclVJbGxUTUpzTU9OekRkaVR2UzU4aTZoeThSVUZlWnA3bHFwNFYzdm1CX3p3REdLTUowd2VaVW15OXRkc3phTWswQk1GWVRrclI5bkJ4NWJaZVRsVVJ1TVlBb1JxV2loRDh6bzBaZkN2WmRzVlhR?oc=5) · Bemidji Pioneer
- 2013-05-23 [Lueken’s, Bar 209 among Chamber of Commerce honorees - Bemidji Pioneer](https://news.google.com/rss/articles/CBMilAFBVV95cUxOaDBNNFZaWnhSMDJUb24zLWxGa2RRa04zUnZ4Z04yUzlzTTZ3cERKdVNfUjNaeGQxN0gxZHUwWGdhSHJha180Z3Zlc3hia25FUWFPZHBFZ2lyeFFIT0s4MHB4RkJ2OVBPbFlkT3oxTHhuOF96NFZYQVlWYlZRUXNtcUE0blhPRnh5UjJLOGxRSXRLU09x?oc=5) · Bemidji Pioneer

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1604 (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/4.json (key "1604", 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