Security State Bank of Wanamingo

Security State Bank of Wanamingo is headquartered in Wanamingo and is the 224^th largest bank in the state of Minnesota. It is also the 5,740^th largest bank in the nation. It was established in 1917 and as of March of 2012, it had grown to 14 employees at 1 location. Security State Bank of Wanamingo has a 5-star health rating.

Security State Bank of Wanamingo CD Rates

Security State Bank of Wanamingo IRA Rates

Data for Q1 2012

Institution Statistics Security State Bank of Wanamingo FDIC Certificate # 18378 BankRate Report View Year Established 1917 Employees 14 Primary Regulator FDIC Assets and Liabilities Assets $71.40 million Loans $48.24 million Deposits $54.77 million Equity Capital $7.04 million Loan Loss Allowance $776,000 Unbacked Noncurrent Loans $13,000 Real Estate Owned $354,000 Historic Data - March 2011 Assets $67.23 million Equity Capital $6.51 million Loan Loss Allowance $869,000 Unbacked Noncurrent Loans $179,000 Real Estate Owned $179,000 Profit Margin - Quarterly Net Interest Margin 3.77% Return on Assets 1.5% Return on Equity 15.12% Interest Income $862,000

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Security State Bank of Wanamingo had $367,000 in non-current loans and owned real-estate with $7.82 million in equity and loan loss allowances on hand to cover it. This gives Security State Bank of Wanamingo a Texas Ratio of 4.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Security State Bank of Wanamingo held steady from 4.85% as of March 31, 2011 to 4.70% as of March 31, 2012, resulting in a positive change of 3.28%.This indicates that the balance sheet and financial strength for Security State Bank of Wanamingo has held steady in recent periods. Deposit Growth In the past year, Security State Bank of Wanamingo has increased its total deposits by $5.25 million, resulting in 10.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Security State Bank of Wanamingo has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Security State Bank of Wanamingo has $71.4 million in assets with $7.82 million in equity, resulting in a capitalization level of 10.95%, which is above average.

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