# SECURITY STATE BANK
SUTHERLAND, IA · FDIC certificate 235 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. 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 | $492.3M | |
| Deposits | $337.3M | |
| Loans and leases | $450.5M | |
| Total equity | $54.5M | |
| Loans / deposits | 132.01% (p99 of band) | 82.04% |
| Liquid assets / assets | 5.83% (p1 of band) | |
| Uninsured deposits / deposits | 22.18% (p37 of band) | 25.97% |
| Brokered deposits | 6.75% | |
| Wholesale funding | 26.86% (p97 of band) | |
| FHLB advances / assets | 20.11% | |
| Tier 1 leverage | 11.12% (p57 of band) | 10.81% |
| Unrealized securities loss / equity | 0.00% (p97 of band) | -8.10% |
| AOCI / equity | 0.01% (p81 of band) | |
| ROA (annualized) | 2.63% (p96 of band) | 1.28% |
| Net interest margin | 4.22% (p68 of band) | 3.91% |
| Efficiency ratio | 28.16% (p1 of band) | |
| Noncurrent loans | 0.23% (p35 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | 498.75% | |
| Real estate % of loans | 50% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $6.1M (1.35% of loans; DQ 0.61%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 9.6% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 4 | wholesale funding >15%, capital falling |  |
| 2011-12 | 2 |  | wholesale funding >15%, capital falling |
| 2012-03 | 3 | wholesale funding >15% |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 5 | brokered >10%, capital falling |  |
| 2013-09 | 4 |  | capital falling |
| 2013-12 | 3 |  | brokered >10% |
| 2014-03 | 3 |  |  |
| 2014-06 | 5 | brokered >10%, capital falling |  |
| 2014-09 | 4 |  | brokered >10% |
| 2014-12 | 3 |  | capital falling |
| 2015-03 | 4 | brokered >10% |  |
| 2015-06 | 5 | capital falling |  |
| 2015-09 | 4 |  | capital falling |
| 2015-12 | 4 |  |  |
| 2016-03 | 5 | capital falling |  |
| 2016-06 | 4 |  | capital falling |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 5 | uninsured deposits leaving |  |
| 2018-06 | 5 |  |  |
| 2018-09 | 5 |  |  |
| 2018-12 | 6 | capital falling |  |
| 2019-03 | 4 |  | uninsured deposits leaving, capital falling |
| 2019-06 | 4 |  |  |
| 2019-09 | 3 |  | brokered >10% |
| 2019-12 | 4 | brokered >10% |  |
| 2020-03 | 3 |  | brokered >10% |
| 2020-06 | 3 |  |  |
| 2020-09 | 4 | capital falling |  |
| 2020-12 | 3 |  | capital falling |
| 2021-03 | 4 | charge-offs p90 |  |
| 2021-06 | 4 | reserve under noncurrent | liquid assets <10% |
| 2021-09 | 4 | liquid assets <10% | reserve under noncurrent |
| 2021-12 | 2 |  | wholesale funding >15%, charge-offs p90 |
| 2022-03 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2022-06 | 0 |  |  |
| 2022-09 | 1 | liquid assets <10% |  |
| 2022-12 | 2 | loans exceed deposits |  |
| 2023-03 | 3 | deposits shrinking |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 | capital falling | deposits shrinking |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 | wholesale funding >15% | capital falling |
| 2024-09 | 3 |  |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

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

- 2026-01-06 [Security State Bank of Wanamingo announces new COO - southernminn.com](https://news.google.com/rss/articles/CBMi7gFBVV95cUxOSXJpU0VwVUp6MHQyVVh1bXNRT3hISUVSZjgtOVV4VGFMVFlNbVpfcDRBMnFMQ2hacUVfQ21hQWlUNXNLSk5tUVVEMGRsUkNhOE9kS0F3TWJGbUE5SmRmbjk1d1NGNzdUOW45UUNUOHZ0OEtibzRva3VnYXl5b0Z3cGdmM292Z2JtSjR4TkRrbU9lLWpMM1g5NnpEdHFYOC1aSlhwUlhlNFgtdldPREJaSi1qdDZzYjBHXzZGb1VOdlFuY1k2cjVpRWRPRGJ5MlJzN1BxZnAyMjdPS3hoV2RvU3gzVzNBQ2hOT0M4aFZB?oc=5) · southernminn.com
- 2026-06-10 [Pete Ellingson, former Security State Bank chairman, dies at 89 - southernminn.com](https://news.google.com/rss/articles/CBMi_AFBVV95cUxQbXBsblpLZlkxa1l4TFdiektwWEZybWdPTFNHUGtWNnc1M0Z5V3ZvVXBtbjRRZWRvVzNpbTVFVkpwSDd3WElaLUQ0Nkh6TTNBaGZwMjBaX3dQZ2pnWm1XX1dpMTU0WlA1bDNJVF9CYnBBM3BZNEdBTWpGUDJLUnVvV1NCdFBFZExjcDVDa2xxMlBKZ3RQTlk4cVRlV0V3b1JpcHEzVlVYOFdicDBzWTdva1hKRW1zekZZUTJ0YW1HM1h3OWRTMUszR25RSWU5ZFY4RnhnYnJWUnRRUVFNa1V2N3lCY0lkbVVucTFJMlpXb21xeG9KcXlZaXlmN0o?oc=5) · southernminn.com
- 2025-09-24 [Pat P. Drew Obituary Jun 6, 2006 - Helms Funeral Home](https://news.google.com/rss/articles/CBMiY0FVX3lxTE44S093d1h1aWRoYTVQZl9IRHNBN1VuR21UMTl6NkluckhvdmhfYkVpR0FpX2k1QzI5TkJ6anRVenhDUW1xYTAySHpHeFVRSjdKMlVxUWI4Y1RNY2ZfOGQwaWtyVQ?oc=5) · Helms Funeral Home
- 2017-01-25 [Security State Bank has new branch manager - The Ames Tribune](https://news.google.com/rss/articles/CBMinwFBVV95cUxQVy1WMVVzSVhKcXlVTHdFSHN4S1N4a1hJZEp0c2lJVDYwQmhvbU5TWW1mZmlCdDRuSTNzMlc1R0VhcWNveUQ1a3JtTXlvMW02UE5Lblo3SnNpTTZZUVNpMkd2ajFBamRTdDZsMlBHS3dHdllTOWw5WUYxcFdmaThhOEpvb3BlREdZemIybWs5b000aURpdk1TMWFGN1ZvMFk?oc=5) · The Ames Tribune
- 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
- 2019-05-10 [Sutherland, Elma banks to merge July 1 - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMiugFBVV95cUxQX0hJUUgxbUp1TDNJM2J1SnQxZWtkQVdoSkpFYnNfWTNkZGE4TUxFV2phWmtmMUZqUzJZNmh2SlBLaE9fVmNZbGFFOGwwZDBidkNPQVNvYmhteVdnTkZqVXlpWjJZTkV3WDI0dVFNQkFOVUwxWktXTDN0ZklHUUx5UkVFT1JONUJoT1FDaVFFRmdiSV9Oa2ktbzNsTEl4VE1mRmRQVUJmT214VXU1MWw0X3FqZm03OGJiV1E?oc=5) · The N'West Iowa REVIEW
- 2019-12-05 [Updated Information: LuVerne, Iowa, Bank Robbery Suspect Charged - Iowa Department of Public Safety (.gov)](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPRWYzckI2SUk1OFdWZTFicnBOQmZVaWlXVzRabzd5ZUs4MUdxell3V0ZWcUVBV19McTV2M3VidWRnWEtYY1dLZTRzaVdXNXlkQVRpNEZ1azFPUGZlYmgtNEplOVg5aWVBVUlacEJhcV85S1N6clB5UGdPTGZ3MFNSMDZyVFAxeURFM1NwNFVMRFRzb1B0bmV2N3lON3l4WDJyYXlCd2xyN1d2Q0E?oc=5) · Iowa Department of Public Safety (.gov)
- 2019-12-05 [Longtime felon is charged with murder of bank employee in northern Iowa - The Des Moines Register](https://news.google.com/rss/articles/CBMiywFBVV95cUxPV2xCMW1WalFjbzZ5WDRiSVIwUkhhYzduZUZfS1lJUGhrTE1Bd2ViUmVjclBoUS1sTWpCVnFsel9pZXZmWGhuS3Zta2tTRG5tTE96R2owejY5eHlGdUxWSHd1RmxwYWcyWExaTEhVRDVNT2NtOHl0NGs2eE5feDRmOEs5cFVPb3RlUXI5eGxzaWR0cjVzR01rR1NmWFRjYXVxcGczZU5sVnpQOWZfc3dHenZZenRjYy0tc1VHaVZqRjJWcWttcFFIcjdsVQ?oc=5) · The Des Moines Register

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=235 (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/43.json (key "235", 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