Security Bank & Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Security Bank & Trust Company is an FDIC-insured commercial bank headquartered in Glencoe, MN, established in 1935 (FDIC certificate 15324), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.33B, up 9.4% from Q2 2025, the 13th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 13.90% 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
- 15324
- Headquarters
- Glencoe, MN
- Established
- 1935
- Total assets, Q2 2026
- $1.33B
- Assets vs Q2 2025
- +9.4%
- CET1 ratio, Q2 2026
- 13.90%
- Domestic offices
- 26 FDIC institution directory, current count
- Routing number
- 091916161
- Latest call report
- Q2 2026, FFIEC 051 · Security Bank & Trust Company call report
- Holding company
- FLAGSHIP FINANCIAL GROUP, INC.
- Asset rank in state
- 13th of 221 in Minnesota
Security Bank & Trust Company is one of the more profitable banks of its size. Based in Glencoe, Minnesota, it had $1.3 billion in assets at June 30, 2026, up 9.4% from a year earlier. It returns 21.3% a year on shareholders' equity, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 12.6%). It also spends about 47 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 58 cents).
Earnings jumped: net income for the quarter was $6.6 million, 43% above the same quarter a year earlier. The commercial and industrial book ($114 million) is worsening: 7.48% of it is past due or on nonaccrual, up from 6.27% a year earlier. Where it has less room is capital: it funds 9.37% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.52%).
As of June 30, 2026, Security Bank & Trust Company reported a CET1 capital ratio of 13.90%, a return on assets of 2.03%, a nonperforming-loan ratio of 0.34% and a Texas ratio of 2.26%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Security Bank & Trust Company is the 13th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.9% to $1.33B, loans rose 1.9% and deposits rose 3.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 21.5% of total loans, ahead of owner-occupied commercial real estate loans at 19.4%. The FDIC Summary of Deposits lists 26 offices for it, in 18 cities in MN; its Glencoe 2 offices book 32% of its branch deposits. By the capital ratios in its Q2 2026 call report, Security Bank & Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 735 11th St E, Glencoe, MN 55336
- County
- Mcleod
- Metro Area
- Hutchinson, 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
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- October 12, 1935
- Domestic offices
- 26 FDIC institution directory, current count
- Employees (FTE)
- 154
- Domestic deposits
- $1.20B
- Allowance for credit losses
- $8.7M
- Net charge-offs (YTD)
- $284K
- Average total assets
- $1.31B
- Average total loans
- $851.6M
- Average interest-bearing deposits
- $1.02B
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 16, 1935
- FDIC Cert
- 15324
- Fed RSSD
- 1001059
- Website
- www.security-banks.com →
- Parent Holding Company
- FLAGSHIP FINANCIAL GROUP, INC. (RSSD 1128675)
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
Security Bank & Trust Company's total assets moved between a low of $709.0M (Q3 2023) and a high of $1.33B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.33B total assets against $1.21B; $1.20B total liabilities against $1.10B.
$856.4M net loans and leases against $816.0M; $1.20B total deposits against $1.10B.
$399.8M securities against $338.5M; $43.8M cash and balances due against $31.0M.
$17.9M total interest income against $16.6M; $5.7M total interest expense against $5.6M.
$12.2M net interest income against $11.0M.
$1.5M total noninterest income against $870K; $6.9M total noninterest expense against $6.7M.
$229K provision for credit losses against $235K.
$6.6M net income against $4.6M.
2.03% return on assets against 1.52%; 3.93% net interest margin against 3.85%.
13.90% CET1 capital ratio against 13.33%; 9.37% tier 1 leverage ratio against 9.02%.
Inside the full Security Bank & Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Security Bank & Trust Company rankings
Its closest position to the top of a national ranking is 456 of 3,611, for ROA; its furthest is 2,156 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.01% (Q3 2024) to 2.03% (Q2 2026) and its net interest margin ran from 3.50% (Q1 2025) to 3.93% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.90% | 2.03% | 0.34% | 2.26% | 3.93% |
| Q1 2026 | 14.01% | 1.91% | 0.33% | 2.15% | 3.83% |
| Q4 2025 | 13.47% | 2.02% | 0.31% | 2.05% | 3.88% |
| Q3 2025 | 12.89% | 1.62% | 0.36% | 2.51% | 3.76% |
| Q2 2025 | 13.33% | 1.52% | 0.05% | 0.63% | 3.85% |
| Q1 2025 | 13.73% | 1.35% | 0.17% | 2.06% | 3.50% |
| Q4 2024 | 12.91% | 1.45% | 0.43% | 4.17% | 3.56% |
| Q3 2024 | 12.38% | 1.01% | 0.43% | 4.29% | 3.54% |
Swipe the table sideways to see every column.
Branch Network
View all 26 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 & Trust Company (main office) | Glencoe , MN | 55336 | $238.7M |
| Corporate Office | Glencoe , MN | 55336 | $150.0M |
| Security Bank Waconia Branch | Waconia , MN | 55387 | $107.0M |
| Wayzata Branch | Wayzata , MN | 55391 | $92.8M |
| Chaska Branch | Chaska , MN | 55318 | $88.0M |
| Winsted Branch | Winsted , MN | 55395 | $84.7M |
| Isanti Branch | Isanti , MN | 55040 | $72.5M |
| Eden Prairie Branch | Eden Prairie , MN | 55344 | $62.7M |
| Cambridge State Bank Branch | Cambridge , MN | 55008 | $57.6M |
| Minnetonka Branch | Wayzata , MN | 55391 | $40.1M |
| Brownton Branch | Brownton , MN | 55312 | $35.0M |
| State Bank of Hamburg Branch | Hamburg , MN | 55339 | $27.4M |
| Detached Facility | Mayer , MN | 55360 | $26.6M |
| Ramsey Branch | Ramsey , MN | 55303 | $24.0M |
| New Germany Branch | New Germany , MN | 55367 | $22.8M |
| East Office Branch | Cambridge , MN | 55008 | $18.4M |
| North Oaks Branch | White Bear Lake , MN | 55127 | $16.1M |
| Instore Branch | Waconia , MN | 55387 | $12.7M |
| Cologne Branch | Cologne , MN | 55322 | $11.0M |
| Detached Facility | Plato , MN | 55370 | $8.1M |
| New Auburn Branch | New Auburn , MN | 55366 | $4.1M |
| Limited Trust Service Branch | Saint Paul , MN | 55127 | $0 |
| Limited Trust Service Branch | Waconia , MN | 55387 | $0 |
| The Meadows of Riverhills Branch | Cambridge , MN | 55008 | $0 |
| Limited Trust Service Branch | Wayzata , MN | 55391 | $0 |
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 |
|---|---|---|---|
| April 20, 2024 | Structure Change | Acquired Flagship Bank Minnesota Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 19, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 10, 2024 | Structure Change | Acquired Cambridge State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 9, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 13, 2019 | Structure Change | Acquired State Bank of Hamburg Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 12, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 31, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 31, 2014 | Structure Change | Acquired Security Bank Waconia Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 27, 2013 | Structure Change | Acquired Flagship Bank Winsted Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 19, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 19, 1992 | Structure Change | Acquired The First State Bank of Brownton 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 11 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, FLAGSHIP FINANCIAL GROUP, INC., not the bank itself
- August 19, 2011, Federal Reserve: Written Agreement: Flagship Financial Group, Inc., Eden Prairie, Minnesota
- Period: Most recent institution action August 19, 2011. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in MN, rank 22 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 119 applications, 114 loans originated, $45.9M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $2.6M approved, $526K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 & Trust Company
What are Security Bank & Trust Company's total assets?
As of the Q2 2026 filing, Security Bank & Trust Company reported total assets of $1.33 billion in its FFIEC call report.
Where is Security Bank & Trust Company headquartered?
It is headquartered in Glencoe, MN, United States.
When was Security Bank & Trust Company founded?
It was established in 1935, per the FDIC institution directory.
Is Security Bank & Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15324). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Security Bank & Trust Company?
Security Bank & Trust Company's primary federal regulator is the FDIC.
What is Security Bank & Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.90% 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 & Trust Company operate?
It operates 26 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 & Trust Company's Texas Ratio?
Its Texas Ratio is 2.26% 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.
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