Security State Bank is a state-chartered bank headquartered in Alexandria, South Dakota, in business for about 80 years. At the end of Q2 2026 it reported $103.0M in total assets and $95.6M in deposits, with 3 offices.
Security State Bank has a TellerScore of 36 out of 100 (low) based on Q2 2026 data — higher than only 1% of its 2,650 banks with $100 million – $1 billion. Among 56 banks headquartered in South Dakota, it ranks 56th. Funding & liquidity contributes the most (94/100, 56% loans-to-deposits, 21% uninsured); loan quality contributes the least (0/100, 3.72%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 22 points (58 → 36), mostly because the loan quality component weakened by 100 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 78 |
| Q3 2024 | 78 |
| Q4 2024 | 68 |
| Q1 2025 | 82 |
| Q2 2025 | 58 |
| Q3 2025 | 59 |
| Q4 2025 | 39 |
| Q1 2026 | 66 |
| Q2 2026 | 36 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.47% |
| Q3 2024 | 10.39% |
| Q4 2024 | 9.18% |
| Q1 2025 | 9.51% |
| Q2 2025 | 7.80% |
| Q3 2025 | 8.18% |
| Q4 2025 | 7.68% |
| Q1 2026 | 8.53% |
| Q2 2026 | 8.24% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.07% |
| Q3 2024 | 0.07% |
| Q4 2024 | 0.06% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 1.80% |
| Q1 2026 | 0.67% |
| Q2 2026 | 3.72% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.29% |
| Q3 2024 | 1.29% |
| Q4 2024 | 0.52% |
| Q1 2025 | 2.75% |
| Q2 2025 | -1.87% |
| Q3 2025 | -0.57% |
| Q4 2025 | -0.74% |
| Q1 2026 | 0.96% |
| Q2 2026 | 0.49% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 36 | $103.0M | 8.24% | 3.72% | 0.49% | 56.1% |
| Q1 2026 | 66 | $99.9M | 8.53% | 0.67% | 0.96% | 57.5% |
| Q4 2025 | 39 | $107.1M | 7.68% | 1.80% | -0.74% | 57.2% |
| Q3 2025 | 59 | $105.3M | 8.18% | 0.00% | -0.57% | 59.3% |
| Q2 2025 | 58 | $101.6M | 7.80% | 0.00% | -1.87% | 62.4% |
| Q1 2025 | 82 | $104.2M | 9.51% | 0.00% | 2.75% | 63.6% |
| Q4 2024 | 68 | $102.4M | 9.18% | 0.06% | 0.52% | 70.8% |
| Q3 2024 | 78 | $99.3M | 10.39% | 0.07% | 1.29% | 69.6% |
| Q2 2024 | 78 | $98.7M | 10.47% | 0.07% | 1.29% | 68.4% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in South Dakota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Dnb National BankBank Clear Lake, SD | 79 out of 100, Strong | $124.1M | 8.9% | 0.00% | vs |
| First State Bank of RoscoeBank Roscoe, SD | 92 out of 100, Very strong | $147.5M | 13.8% | 0.00% | vs |
| Great Plains BankBank Eureka, SD | 65 out of 100, Moderate | $150.4M | 17.7% | 3.49% | vs |
| Citizens State Bank, of ArlingtonBank Arlington, SD | 82 out of 100, Strong | $153.2M | 11.7% | 0.00% | vs |
| Heartland State BankBank Redfield, SD | 79 out of 100, Strong | $154.0M | 9.9% | 0.00% | vs |
| Farmers and Merchants State BankBank Plankinton, SD | 73 out of 100, Strong | $180.4M | 11.0% | 0.76% | vs |
Deposit insurance
Is my money safe at Security State Bank?
Yes. Security State Bank is an FDIC-insured institution (FDIC certificate #16448). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 20.6% of deposits ($19.7M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.24%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.55% (benchmark: 10%).
3 locations
Branches
Security State Bank lists 3 offices in 3 cities. Most locations:
- Alexandria, SD (1)
- Montrose, SD (1)
- Spencer, SD (1)
Identity & history
Profile
- Legal name
- Security State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 16448
- RSSD ID
- 270652
- Primary regulator
- FDIC
- Established
- July 1, 1946
- Headquarters
- 450 Main St, Alexandria, SD 57311
- Website
- www.bankwithsecurity.com
- Employees
- 16
Quick answers
Security State Bank: common questions
Is Security State Bank FDIC insured?
Yes. Security State Bank is an FDIC-insured institution (FDIC certificate #16448). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Security State Bank's TellerScore?
36 out of 100 (Low), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Security State Bank ever failed?
There is no failure record for FDIC certificate #16448 in the FDIC failed bank list.
How many branches does Security State Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Alexandria
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The Security State BankBank Emery, SD | 99 out of 100, Very strong | $64.8M | 19.5% | 0.00% | vs |
| Farmers State BankBank Parkston, SD | 76 out of 100, Strong | $254.8M | 10.0% | 0.00% | vs |
| First Dakota National BankBank Yankton, SD | 72 out of 100, Strong | $3.4B | 10.4% | 0.30% | vs |
| First National Bank of OmahaBank Omaha, NE | 72 out of 100, Strong | $34.2B | 10.8% | 0.78% | vs |
| Palace City Federal Credit UnionCredit union Mitchell, SD | 72 out of 100, Strong | $16.5M | 9.9% | 0.01% | vs |
| Rivers Edge BankBank Marion, SD | 68 out of 100, Moderate | $357.1M | 8.3% | 0.16% | vs |