Security Savings Bank (Canton, SD)
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Data as of · sourced from FFIEC call reports. How we update
Security Savings Bank is an FDIC-insured commercial bank headquartered in Canton, SD, established in 1920 (FDIC certificate 15734), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $557.4M, up 7.1% from Q2 2025, the 21st largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 10.27% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15734
- Headquarters
- Canton, SD
- Established
- 1920
- Total assets, Q2 2026
- $557.4M
- Assets vs Q2 2025
- +7.1%
- CET1 ratio, Q2 2026
- 10.27%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 091409788
- Holding company
- LARCH BANCORPORATION, INC.
- Asset rank in state
- 21st of 56 in South Dakota
Security Savings Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $557 million at June 30, 2026, up 7.1% from a year earlier; it is based in Canton, South Dakota. It holds common equity equal to 10.27% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also keeps 3.23 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Earnings jumped: net income for the quarter was $1.3 million, 32% above the same quarter a year earlier. Over the same year, loans grew 2.4% and deposits grew 6.6%.
As of June 30, 2026, Security Savings Bank reported a CET1 capital ratio of 10.27%, a return on assets of 0.90%, a nonperforming-loan ratio of 0.09% and a Texas ratio of 0.70%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Security Savings Bank is the 21st largest of the 56 banks headquartered in South Dakota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.4% to $557.4M, loans rose 1.7% and deposits rose 1.0%. Farmland and other real estate loans made up 38.7% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 18.4%. Its 8 offices in the FDIC Summary of Deposits are in 8 cities across 3 states; its Luverne office books 18% of its branch deposits. By the capital ratios in its Q2 2026 call report, Security Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 S West St, Canton, SD 57013
- County
- Lincoln
- Metro Area
- Sioux Falls, SD-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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- June 14, 1920
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 79
- Domestic deposits
- $495.0M
- Allowance for credit losses
- $4.6M
- Net charge-offs (YTD)
- -$8K
- Average total assets
- $577.5M
- Average total loans
- $420.6M
- Average interest-bearing deposits
- $444.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 4, 1940
- FDIC Cert
- 15734
- Fed RSSD
- 811747
- Website
- www.bankwithssb.com →
- Parent Holding Company
- LARCH BANCORPORATION, INC. (RSSD 1206658)
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 Savings Bank's total assets ranged from $489.8M (Q3 2023) to $557.4M (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
$557.4M total assets against $520.6M; $499.9M total liabilities against $466.8M.
$422.5M net loans and leases against $412.6M; $495.0M total deposits against $464.2M.
$24.3M securities against $43.2M; $84.7M cash and balances due against $38.7M.
$7.0M total interest income against $6.7M; $2.7M total interest expense against $2.8M.
$4.4M net interest income against $3.9M.
$401K total noninterest income against $389K; $3.4M total noninterest expense against $3.2M.
$2K provision for credit losses against -$2K.
$1.3M net income against $989K.
0.90% return on assets against 0.71%; 3.23% net interest margin against 3.01%.
10.27% CET1 capital ratio against 12.01%; 9.38% tier 1 leverage ratio against 9.27%.
Inside the full Security Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity Savings Bank rankings
Its closest position to the top of a national ranking is 1,642 of 4,196, for total assets; its furthest is 2,070 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.45% (Q4 2024) to 0.90% (Q2 2026) and its net interest margin ran from 2.63% (Q3 2024) to 3.30% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.27% | 0.90% | 0.09% | 0.70% | 3.23% |
| Q1 2026 | 10.67% | 0.90% | 0.09% | 0.63% | 3.30% |
| Q4 2025 | 11.01% | 0.84% | 0.07% | 0.53% | 3.17% |
| Q3 2025 | 12.07% | 0.70% | 0.07% | 0.55% | 3.30% |
| Q2 2025 | 12.01% | 0.71% | 0.07% | 0.54% | 3.01% |
| Q1 2025 | 11.98% | 0.58% | 0.10% | 0.74% | 2.94% |
| Q4 2024 | 11.74% | 0.45% | 0.00% | 0.00% | 2.72% |
| Q3 2024 | 11.85% | 0.72% | 0.00% | 0.01% | 2.63% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Luverne Br | Luverne , MN | 56156 | $91.4M |
| Larchwood Branch | Larchwood , IA | 51241 | $72.1M |
| George Branch | George , IA | 51237 | $70.3M |
| Security Savings Bank (main office) | Canton , SD | 57013 | $67.1M |
| Security Savings Bank Sioux Falls, Sd Branch | Sioux Falls , SD | 57103 | $65.5M |
| Hills Branch | Hills , MN | 56138 | $54.8M |
| Ellsworth Branch | Ellsworth , MN | 56129 | $43.2M |
| Inwood Branch | Inwood , IA | 51240 | $30.6M |
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 |
|---|---|---|---|
| January 14, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 14, 2019 | Structure Change | Acquired Exchange State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 16, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 16, 2007 | Structure Change | Acquired George State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 19, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 19, 1985 | Structure Change | Acquired Inwood State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 45 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 76 applications, 63 loans originated, $18.0M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $634K approved, $211K 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, 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 Savings Bank
What are Security Savings Bank's total assets?
As of the Q2 2026 filing, Security Savings Bank reported total assets of $557.4 million in its FFIEC call report.
Where is Security Savings Bank headquartered?
It is headquartered in Canton, SD, United States.
When was Security Savings Bank founded?
It was established in 1920, per the FDIC institution directory.
Is Security Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15734). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Security Savings Bank?
Security Savings Bank's primary federal regulator is the FDIC.
What is Security Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.27% in its Q2 2026 call report, above regulatory requirements.
How many branches does Security Savings Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Security Savings Bank's Texas Ratio?
Its Texas Ratio is 0.70% 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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