Security State Bank of Wanamingo

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.02%	5-year CD	3.10% - Barclays 60 Month Online CD
1.05%	1-year CD	2.55% - Barclays 12 Month Online CD
1.71%	4-year CD	1.80% - National Average

View all Security State Bank of Wanamingo rates »

Overview / Commentary

ssbwanamingo.com

507-824-2265

232 Main Street
Wanamingo, MN 55983

Security State Bank of Wanamingo is headquartered in Wanamingo and is the 219^th largest bank in the state of Minnesota. It is also the 4,781^st largest bank in the nation. It was established in 1917 and as of June of 2018, it had grown to 11 employees at 1 location. Security State Bank of Wanamingo's CD rates are 17% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2018

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 Established	1917
Employees	11
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.31%
Return on Equity - YTD	11.84%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$64.2MM$64.2MM
Loans	Q2 2018vs Q2 2017	$42.3MM$40.7MM
Deposits	Q2 2018vs Q2 2017	$56.2MM$56.7MM
Equity Capital	Q2 2018vs Q2 2017	$7.2MM$7.3MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$805.00K$811.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$0$140.00K
Real Estate Owned	Q2 2018vs Q2 2017	$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 CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	60 Month Well-Being CD
1.71%^*	$25k^*	-	48 Month CD
OTHER TIERS: 1.61% → $500 - $25k
1.51%^*	$25k^*	-	36 Month CD
OTHER TIERS: 1.41% → $500 - $25k
1.26%^*	$25k^*	-	30 Month CD
OTHER TIERS: 1.16% → $500 - $25k
1.21%^*	$25k^*	-	24 Month CD
OTHER TIERS: 1.10% → $500 - $25k
1.10%^*	$25k^*	-	18 Month CD
OTHER TIERS: 1.00% → $500 - $25k
1.05%^*	$25k^*	-	12 Month CD
OTHER TIERS: 0.95% → $500 - $25k
0.80%^*	$25k^*	-	6 Month CD
OTHER TIERS: 0.70% → $500 - $25k
0.70%^*	$25k^*	-	3 Month CD
OTHER TIERS: 0.60% → $500 - $25k

Security State Bank of Wanamingo IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.02%	$500	-	60 Month IRA
1.71%	$500	-	48 Month IRA

Locations

Security State Bank of Wanamingo Locations
Security State Bank Of Wanamingo	232 Main Street	Wanamingo, MN 55983

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