Security Bank Minnesota
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Data as of · sourced from FFIEC call reports. How we update
Security Bank Minnesota is an FDIC-insured commercial bank headquartered in Albert Lea, MN, established in 1906 (FDIC certificate 10984), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $145.1M, down 1.1% from Q2 2025, the 136th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 13.15% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10984
- Headquarters
- Albert Lea, MN
- Established
- 1906
- Total assets, Q2 2026
- $145.1M
- Assets vs Q2 2025
- -1.1%
- CET1 ratio, Q2 2026
- 13.15%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091908399
- Latest call report
- Q2 2026, FFIEC 051 · Security Bank Minnesota call report
- Holding company
- LAKE BANK SHARES, INC.
- Asset rank in state
- 136th of 221 in Minnesota
Problem loans are rising at Security Bank Minnesota. It reported $145 million in assets at June 30, 2026, down 1.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.30% of loans from 1.85% a year earlier. It carries problem assets equal to 15.1% of the capital and reserves that would absorb them, 5.7 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it keeps 4.52 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Earnings jumped: net income for the quarter was $474,000, 82% above the same quarter a year earlier. The commercial and industrial book ($75 million) is worsening: 1.64% of it is past due or on nonaccrual, up from 0.60% a year earlier.
As of June 30, 2026, Security Bank Minnesota reported a CET1 capital ratio of 13.15%, a return on assets of 1.25%, a nonperforming-loan ratio of 2.30% and a Texas ratio of 15.11%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Security Bank Minnesota is the 136th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 4.7% to $145.1M, loans rose 2.4% and deposits fell 2.7%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 69.0% of total loans, followed by non-owner-occupied commercial real estate loans at 10.6%. Its 3 offices in the FDIC Summary of Deposits are in Albert Lea, MN, Alden, MN and Emmons, MN; its Albert Lea office books 82% of its branch deposits. On its Q2 2026 call report, Security Bank Minnesota meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 437 Bridge Ave, Albert Lea, MN 56007
- County
- Freeborn
- Metro Area
- Albert Lea, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1906
- Former names
- Security State Bank of Albert Lea (1946-1989)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 24
- Domestic deposits
- $125.0M
- Allowance for credit losses
- $1.8M
- Net charge-offs (YTD)
- -$11K
- Average total assets
- $151.1M
- Average total loans
- $107.7M
- Average interest-bearing deposits
- $98.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10984
- Fed RSSD
- 295057
- Website
- www.securitybankmn.com →
- Parent Holding Company
- LAKE BANK SHARES, INC. (RSSD 1141919)
- Ultimate Parent
- RSSD 2728438
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Security Bank Minnesota's total assets ranged from $143.2M (Q3 2023) to $152.2M (Q1 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$145.1M total assets against $146.7M; $130.4M total liabilities against $132.2M.
$106.3M net loans and leases against $105.3M; $125.0M total deposits against $122.7M.
$27.2M securities against $23.1M; $9.4M cash and balances due against $16.3M.
$2.2M total interest income against $2.2M; $525K total interest expense against $611K.
$1.7M net interest income against $1.6M.
$50K total noninterest income against $9K; $1.1M total noninterest expense against $1.1M.
$206K provision for credit losses against $301K.
$474K net income against $260K.
1.25% return on assets against 0.70%; 4.52% net interest margin against 4.42%.
13.15% CET1 capital ratio against 13.03%; 9.78% tier 1 leverage ratio against 9.68%.
Inside the full Security Bank Minnesota terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity Bank Minnesota rankings
Its closest position to the top of a national ranking is 308 of 3,640, for Texas Ratio; its furthest is 3,330 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.01% (Q4 2024) to 1.25% (Q2 2026) and its net interest margin ran from 4.03% (Q3 2024) to 4.64% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.15% | 1.25% | 2.30% | 15.11% | 4.52% |
| Q1 2026 | 13.07% | 1.14% | 1.85% | 12.27% | 4.49% |
| Q4 2025 | 13.28% | 0.09% | 1.85% | 12.30% | 4.47% |
| Q3 2025 | 13.84% | 1.16% | 2.18% | 13.66% | 4.64% |
| Q2 2025 | 13.03% | 0.70% | 1.85% | 12.53% | 4.42% |
| Q1 2025 | 12.43% | 0.92% | 1.91% | 14.34% | 4.41% |
| Q4 2024 | 11.90% | 0.01% | 2.62% | 18.98% | 4.23% |
| Q3 2024 | 11.91% | 0.32% | 3.09% | 21.80% | 4.03% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Security Bank Minnesota (main office) | Albert Lea , MN | 56007 | $102.3M |
| Alden Branch | Alden , MN | 56009 | $15.1M |
| Security Bank Minnesota - Emmons | Emmons , MN | 56029 | $7.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 14, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 14, 2003 | Structure Change | Acquired First State Bank of Emmons Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 169 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $100K approved, $100K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Security Bank Minnesota
What are Security Bank Minnesota's total assets?
As of the Q2 2026 filing, Security Bank Minnesota reported total assets of $145.1 million in its FFIEC call report.
Where is Security Bank Minnesota headquartered?
It is headquartered in Albert Lea, MN, United States.
When was Security Bank Minnesota founded?
It was established in 1906, per the FDIC institution directory.
Is Security Bank Minnesota FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10984). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Security Bank Minnesota?
Security Bank Minnesota's primary federal regulator is the FDIC.
What is Security Bank Minnesota's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.15% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Security Bank Minnesota operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Security Bank Minnesota's Texas Ratio?
Its Texas Ratio is 15.11% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Security Bank Minnesota previously called?
The charter now named Security Bank Minnesota has also operated as Security State Bank of Albert Lea (1946-1989), per FDIC structure-change records.
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