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Security State Bank of Wanamingo


Overview / Commentary
www.ssbwanamingo.com
507-824-2265
232 Main Street
Wanamingo, MN 55983

Security State Bank of Wanamingo is headquartered in Wanamingo and is the 210th largest bank in the state of Minnesota. It is also the 4,367th largest bank in the nation. It was established in 1917 and as of June of 2021, it had grown to 11 employees at 1 location. Security State Bank of Wanamingo has an A+ health rating.

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Health
A+

Data as of Q2 2021

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Security State Bank of Wanamingo has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #18378
Year Established1917
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.49%
Return on Equity - YTD20.37%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$75.3MM$68.0MM
LoansQ2 2021vs Q2 2020$57.4MM$43.0MM
DepositsQ2 2021vs Q2 2020$65.7MM$58.6MM
Equity CapitalQ2 2021vs Q2 2020$9.4MM$8.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$795.00K$799.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$0$0
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Security State Bank of Wanamingo Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*-$25kKasasa Saver
OTHER TIERS: 0.30% → $25k+
0.05%$50-Regular Savings
0.05%$10-Youth Savings

Security State Bank of Wanamingo Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Money Market Account
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k

Security State Bank of Wanamingo Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$10kKasasa Cash Checking
OTHER TIERS: 0.30% → $10k+
0.05%$1k-NOW Account

Security State Bank of Wanamingo CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month CD
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.45%$500-24 Month CD
0.45%$500-30 Month CD
0.40%$500-12 Month CD
0.40%$500-18 Month CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Security State Bank of Wanamingo IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month IRA
0.70%$500-48 Month IRA
0.60%$500-36 Month IRA
0.45%$500-24 Month IRA
0.45%$500-30 Month IRA
0.40%$500-12 Month IRA
0.40%$500-18 Month IRA
0.25%$500-6 Month IRA
0.15%$500-3 Month IRA
Locations


Security State Bank of Wanamingo Locations
Security State Bank Of Wanamingo232 Main StreetWanamingo, MN 55983

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