# SECURITY STATE BANK
ALEXANDRIA, SD · FDIC certificate 16448 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (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 | $103.0M | |
| Deposits | $95.6M | |
| Loans and leases | $54.3M | |
| Total equity | $7.1M | |
| Loans / deposits | 56.10% (p26 of band) | 73.59% |
| Liquid assets / assets | 43.67% (p69 of band) | |
| Uninsured deposits / deposits | 20.56% (p53 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.24% (p4 of band) | 11.76% |
| Unrealized securities loss / equity | -20.98% (p22 of band) | -6.57% |
| AOCI / equity | -7.46% (p1 of band) | |
| ROA (annualized) | 0.49% (p17 of band) | 1.17% |
| Net interest margin | 3.81% (p44 of band) | 3.93% |
| Efficiency ratio | 74.70% (p70 of band) | |
| Noncurrent loans | 3.72% (p95 of band) | 0.36% |
| Net charge-offs (annualized) | 0.62% (p98 of band) | |
| Reserve coverage of noncurrent | 31.19% | |
| Real estate % of loans | 23% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $789,000 (1.45% of loans; DQ 0.63%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.5% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | capital falling |  |
| 2012-03 | 0 |  | capital falling |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 1 | capital falling |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 0 |  |  |
| 2014-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-12 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | capital falling |
| 2017-06 | 1 | uninsured deposits leaving |  |
| 2017-09 | 0 |  | uninsured deposits leaving |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 1 | capital falling |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2019-09 | 1 | capital falling | deposits shrinking, uninsured deposits leaving |
| 2019-12 | 1 |  |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 3 | AOCI drag >20% of equity, securities losses >30% of equity, NIM <2.5% | capital falling |
| 2022-06 | 2 |  | NIM <2.5% |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | AOCI drag >20% of equity |
| 2023-06 | 3 |  | assets shrinking |
| 2023-09 | 1 |  | deposits shrinking, uninsured deposits leaving |
| 2023-12 | 2 | capital falling |  |
| 2024-03 | 0 |  | securities losses >30% of equity, capital falling |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 1 | capital falling |  |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 2 | losing money, charge-offs p90 |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | reserve under noncurrent |  |
| 2026-03 | 2 | uninsured deposits leaving | losing money, reserve under noncurrent |
| 2026-06 | 3 | noncurrent p90, reserve under noncurrent | uninsured deposits leaving |

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

- 2026-02-04 [A new flag rises in Tyndall to mark America’s 250th - mitchellrepublic.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPaXRrTmMtSDVodFZ4MXZYVnFESFBkbEZDQzFiUFNyVzBabGlzU3Vqc25DcUhDZlNjVmNlVk10TnpQcnhvdnRUSWZhajdXcENtR3l0NTBpZHVZUUN5bE8wNWp4d2g1YW5Ga0dVVWZwZ255UkE4ZHNyQ0Q4TDM5Y3Q1Y1F2Q2ZkN19zSTBQak9pQmtiak5xcGJyN2J3?oc=5) · mitchellrepublic.com
- 2018-06-02 [Security State Bank of Lewiston to merge with Minnwest Bank - The Fayetteville Observer](https://news.google.com/rss/articles/CBMimgFBVV95cUxQb2NSQ0ItUlAzYmZWN2xQTVY3ZzFoRXgyUDV2QzIwblR1QjQzZ1RwWG1jODNuY2ZILVBJbDV6R1I4dWhpSzNxS3hPNU1GOUd1TWxaYjY5Nk80Njk0VTlacGU4cDl5dUVfM05lWXJycUE3ZXdJWjMzNEh5Yko4WjRhcnFVV3lqclFtdWY0UkhXQW5VMWJRTGoyNkV3?oc=5) · The Fayetteville Observer
- 2025-07-11 [The 20 top-performing banks with $2B to $10B of assets - American Banker](https://news.google.com/rss/articles/CBMilwFBVV95cUxPS0NEYTZFeXRleUhoXzViMmtzQVBWX2xhVVI3aXQwT2N4c056SGF0dzBKbG9uWjlPTXRBcEFNT19XN1JDQmZFZ2ZZLWd1cjVqNEJYOXhuQkJJVzBuY1RubG9HRy10M1o1N0M5THY4REtaaW40WVBQWHJfS2dfNHJFdFVwajVROVVKSEtWQ0YxS0Rjd2tZU2JF?oc=5) · American Banker
- 2016-07-05 [George Washington Cluts Obituary Jul 5, 2016 - Furness Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTE9kejlHanVXcHVsM084TjhOeHZjQ3ZNMnZrMXM1ck8wMUhjS1NZeTJZRnZlZzN2VThQUU1iY3pHMVJaSGpfZ0JQWDlsOTYtNFZyVERGTlNwRVJMVm85SXZkQUN0UXVDclg5c1E?oc=5) · Furness Funeral Home
- 2017-02-22 [Richard E. Grasser Obituary Feb 22, 2017 - Miller Funeral Home](https://news.google.com/rss/articles/CBMiYEFVX3lxTFBaM1lmamVjVHdwMWNRZDk0Y19QOUh6NmZfQko3eUVhMmVSQ2NSYXdoRVVtd3VTUUdLY2d3LUI1cDN3UlRIc1NOQ3hxT183bmhUX2NzWWtfV3c5c0RmTWxHbg?oc=5) · Miller Funeral Home
- 2025-08-24 [Judy Kornder Obituary Aug 24, 2025 - Schriver's Memorial Mortuary & Crematory](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBWcHpSbnp6RjFzUWh6T3lBcVp2TC1ISXpOeU1YdnItQm0yRzNrdWEzM0RwTnVUSmNDXzc0a1ZScDFFQ3pvMnhoU2tyWS0zelpKb2s3d1pfUkdtTEhqX21maGV1QzlmREt6?oc=5) · Schriver's Memorial Mortuary &amp; Crematory
- 2017-06-20 [Obituary for John Heneman - Helgeson Funeral Home](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBwUUVvRWF2YXlzRDhRMzAtbGp3SlJSMlBlOHByZDYwN0RVc0RNMFQ2UHZLaHJVQUVFLTVUdnJFLUVUQXI2OWlIMUxZaTU4eHYyQl90OUxJMzYwYnh0TXFGMk11UERRRUxF?oc=5) · Helgeson Funeral Home
- 2013-07-11 [Robert Hajek Obituary (1922 - 2013) - Tyndall, SD - Argus Leader - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNX0dYam4xVm42X09XM1Rwajl3YUh0TGYxN1lLcElwbXNDMlVXckoxZVF1dXY3Um1aUE5SVGNNTDJtVE53Y2VVM3hiODZwazRrclNZMlJVZzQ3SkxJQkpSV3RueGFUUnhWcFJCcXBjSEl3Sm9vWkFYbUpwZ09fV3pER1d0MjV4dWhJUktnbjRjRUw?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16448 (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/0.json (key "16448", 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