Headquartered in Aitkin, Minnesota, Security State Bank of Aitkin is a state-chartered bank with $114.5M in total assets and $106.7M in deposits as of Q2 2026. It operates 4 offices. Its charter dates back to 1947.
Based on its Q2 2026 filing, Security State Bank of Aitkin scores 56/100, which we describe as moderate. That is higher than only 13% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 189th. Its strongest component is funding & liquidity (96/100; 53% loans-to-deposits, 19% uninsured), and its lowest is loan quality (25/100; 2.24%).
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 27 points (83 → 56), mostly because the loan quality component weakened by 75 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 85 |
| Q3 2024 | 84 |
| Q4 2024 | 83 |
| Q1 2025 | 84 |
| Q2 2025 | 83 |
| Q3 2025 | 66 |
| Q4 2025 | 53 |
| Q1 2026 | 56 |
| Q2 2026 | 56 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 13.33% |
| Q3 2024 | 13.07% |
| Q4 2024 | 12.51% |
| Q1 2025 | 12.73% |
| Q2 2025 | 12.37% |
| Q3 2025 | 10.48% |
| Q4 2025 | 10.69% |
| Q1 2026 | 10.88% |
| Q2 2026 | 10.79% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.13% |
| Q4 2024 | 0.01% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 1.20% |
| Q4 2025 | 2.52% |
| Q1 2026 | 2.34% |
| Q2 2026 | 2.24% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.97% |
| Q3 2024 | 1.01% |
| Q4 2024 | 0.99% |
| Q1 2025 | 1.10% |
| Q2 2025 | 1.00% |
| Q3 2025 | 1.08% |
| Q4 2025 | 1.00% |
| Q1 2026 | 0.85% |
| Q2 2026 | 0.94% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 56 | $114.5M | 10.79% | 2.24% | 0.94% | 52.5% |
| Q1 2026 | 56 | $109.8M | 10.88% | 2.34% | 0.85% | 52.4% |
| Q4 2025 | 53 | $112.6M | 10.69% | 2.52% | 1.00% | 50.4% |
| Q3 2025 | 66 | $112.4M | 10.48% | 1.20% | 1.08% | 48.9% |
| Q2 2025 | 83 | $112.1M | 12.37% | 0.00% | 1.00% | 47.6% |
| Q1 2025 | 84 | $110.7M | 12.73% | 0.00% | 1.10% | 48.1% |
| Q4 2024 | 83 | $110.4M | 12.51% | 0.01% | 0.99% | 44.2% |
| Q3 2024 | 84 | $111.1M | 13.07% | 0.13% | 1.01% | 43.3% |
| Q2 2024 | 85 | $105.0M | 13.33% | 0.00% | 0.97% | 46.3% |
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 Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Rushford State Bank (Incorporated)Bank Rushford, MN | 54 out of 100, Below average | $114.7M | 7.0% | 0.93% | vs |
| Farmers State Bank of UnderwoodBank Underwood, MN | 74 out of 100, Strong | $113.8M | 8.6% | 0.03% | vs |
| Security State Bank of WanamingoBank Wanamingo, MN | 84 out of 100, Strong | $112.7M | 11.4% | 0.00% | vs |
| The First National Bank of ColeraineBank Coleraine, MN | 65 out of 100, Moderate | $112.0M | 7.6% | 0.00% | vs |
| Mid-Central National BankBank Wadena, MN | 77 out of 100, Strong | $117.1M | 14.9% | 0.76% | vs |
| First State Bank of BigforkBank Bigfork, MN | 46 out of 100, Below average | $117.4M | 11.3% | 6.39% | vs |
Deposit insurance
Is my money safe at Security State Bank of Aitkin?
Yes. Security State Bank of Aitkin is an FDIC-insured institution (FDIC certificate #16656). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 19.1% of deposits ($20.4M) 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 10.79%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
4 locations
Branches
Security State Bank of Aitkin lists 4 offices in 3 cities. Most locations:
- Aitkin, MN (2)
- Garrison, MN (1)
- Grand Marais, MN (1)
Identity & history
Profile
- Legal name
- Security State Bank of Aitkin
- Type
- State-chartered bank
- FDIC certificate #
- 16656
- RSSD ID
- 267652
- Primary regulator
- FDIC
- Holding company
- Security St Agency Aitkin Inc
- Established
- December 23, 1947
- Headquarters
- 402 Minnesota Ave N, Aitkin, MN 56431
- Website
- www.ssbmn.com
- Employees
- 21
Quick answers
Security State Bank of Aitkin: common questions
Is Security State Bank of Aitkin FDIC insured?
Yes. Security State Bank of Aitkin is an FDIC-insured institution (FDIC certificate #16656). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Security State Bank of Aitkin's TellerScore?
56 out of 100 (Moderate), 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 of Aitkin ever failed?
There is no failure record for FDIC certificate #16656 in the FDIC failed bank list.
How many branches does Security State Bank of Aitkin have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Aitkin
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Frandsen Bank & TrustBank Lonsdale, MN | 71 out of 100, Strong | $3.7B | 10.0% | 0.71% | vs |
| Deerwood BankBank Waite Park, MN | 68 out of 100, Moderate | $1.5B | 8.1% | 0.29% | vs |
| Mid Minnesota Federal Credit UnionCredit union Baxter, MN | 67 out of 100, Moderate | $858.0M | 9.3% | 0.43% | vs |
| Pine River State BankBank Pine River, MN | 64 out of 100, Moderate | $185.3M | 8.5% | 0.74% | vs |
| Old National BankBank Evansville, IN | 59 out of 100, Moderate | $73.9B | 8.8% | 0.92% | vs |
| Members CooperativeCredit union Duluth, MN | 59 out of 100, Moderate | $1.2B | 10.8% | 1.49% | vs |