Security State Bank (Centralia, WA)
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Data as of · sourced from FFIEC call reports. How we update
Security State Bank is an FDIC-insured commercial bank headquartered in Centralia, WA, established in 1903 (FDIC certificate 13232), and it is supervised by the FDIC. At Q1 2025 it reported total assets of $613.0M, up 2.5% from Q1 2024. Its CET1 capital ratio was 40.73% at Q1 2025, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13232
- Headquarters
- Centralia, WA
- Established
- 1903
- Total assets, Q1 2025
- $613.0M
- Assets vs Q1 2024
- +2.5%
- CET1 ratio, Q1 2025
- 40.73%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 125100607
Security State Bank is one of the more profitable banks of its size. The Centralia, Washington bank had $613 million in assets at March 31, 2025, up 2.5% from a year earlier. It earns about $2.49 a year on every $100 of assets, 2.4 times the median of $1.02 for the 2,799 banks with $100 million to $1 billion in assets. It also spends about 47 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 65 cents).
Net income for the quarter slipped 19% from a year earlier, to $3.8 million.
As of March 31, 2025, Security State Bank reported a CET1 capital ratio of 40.73%, a return on assets of 2.49%, a nonperforming-loan ratio of 0.16% and a Texas ratio of 0.34%. The figures come from its call report filed with the FFIEC.
From Q4 2024 to Q1 2025, its total assets fell 2.0% to $613.0M, loans rose 1.1% and deposits fell 2.7%. Its loan book on March 31, 2025 was led by non-owner-occupied commercial real estate loans, at 20.5% of total loans, followed by owner-occupied commercial real estate loans at 20.5%. Its 12 offices in the FDIC Summary of Deposits are in 8 cities in WA; its Chehalis 4 offices book 45% of its branch deposits. By the capital ratios in its Q1 2025 call report, Security State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1930 S Gold St, Centralia, WA 98531
- County
- Lewis
- Metro Area
- Centralia, WA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- December 26, 1903
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 85
- Domestic deposits
- $503.3M
- Allowance for credit losses
- $7.0M
- Net charge-offs (YTD)
- $2K
- Average total assets
- $615.9M
- Average total loans
- $236.6M
- Average interest-bearing deposits
- $460.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 13232
- Fed RSSD
- 111979
Profitability
Q1 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q1 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
Over the 12 quarters to Q1 2025, Security State Bank's total assets ran between $598.0M (Q1 2024) and $709.6M (Q3 2022), and it earned a profit in all 12 quarters. The line under each chart compares Q1 2025 with Q1 2024. How these charts are built
$613.0M total assets against $598.0M; $508.6M total liabilities against $506.4M.
$229.1M net loans and leases against $223.1M; $503.3M total deposits against $499.8M.
$18.6M securities against $108.0M; $349.7M cash and balances due against $251.0M.
$7.6M total interest income against $7.6M; $1.2M total interest expense against $733K.
$6.5M net interest income against $6.8M.
$760K total noninterest income against $1.2M; $3.4M total noninterest expense against $3.3M.
No provision recorded in the last 12 quarters.
$3.8M net income against $4.8M.
2.49% return on assets against 3.18%; 4.48% net interest margin against 4.99%.
40.73% CET1 capital ratio against 35.44%; 16.77% tier 1 leverage ratio against 15.23%.
Inside the full Security State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
Across the 8 quarters to Q1 2025, its return on assets ran from 2.10% (Q4 2023) to 3.52% (Q2 2024) and its net interest margin ran from 4.48% (Q1 2025) to 5.85% (Q2 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q1 2025 | 40.73% | 2.49% | 0.16% | 0.34% | 4.48% |
| Q4 2024 | 38.95% | 2.83% | 0.03% | 0.08% | 5.17% |
| Q3 2024 | 37.80% | 2.95% | 0.00% | 0.00% | 5.01% |
| Q2 2024 | 36.69% | 3.52% | 0.00% | 0.00% | 5.85% |
| Q1 2024 | 35.44% | 3.18% | 0.01% | 0.17% | 4.99% |
| Q4 2023 | 33.95% | 2.10% | 0.08% | 0.89% | 5.37% |
| Q3 2023 | 35.79% | 3.26% | 0.21% | 1.19% | 5.36% |
| Q2 2023 | 34.02% | 3.28% | 0.08% | 0.93% | 5.07% |
Swipe the table sideways to see every column.
Branch Network
View all 12 branches → Branch count from the FDIC Summary of Deposits, June 30, 2024. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Chehalis Main Branch | Chehalis , WA | 98532 | $131.9M |
| South Chehalis Branch | Chehalis , WA | 98532 | $68.6M |
| West Centralia Branch | Centralia , WA | 98531 | $63.0M |
| Security State Bank (main office) | Centralia , WA | 98531 | $62.9M |
| Morton Branch | Morton , WA | 98356 | $56.9M |
| South Bend Branch | South Bend , WA | 98586 | $28.7M |
| Raymond Branch | Raymond , WA | 98577 | $27.8M |
| Airport Branch | Chehalis , WA | 98532 | $26.5M |
| Pe Ell | Pe Ell , WA | 98572 | $14.3M |
| Rochester Branch | Rochester , WA | 98579 | $13.8M |
| Grayland Branch | Grayland , WA | 98547 | $11.1M |
| Motor Plaza Branch | Chehalis , WA | 98532 | $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 |
|---|---|---|---|
| June 1, 2025 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
| December 6, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 6, 2004 | Structure Change | Acquired Harbor Community Bank 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 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Not on file
- Enforcement actions, Deposit market share, Mortgage lending (HMDA), SBA 7(a) lending, 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 State Bank
What are Security State Bank's total assets?
As of the Q1 2025 filing, Security State Bank reported total assets of $613.0 million in its FFIEC call report.
Where is Security State Bank headquartered?
It is headquartered in Centralia, WA, United States.
When was Security State Bank founded?
It was established in 1903, per the FDIC institution directory.
Is Security State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13232). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Security State Bank?
Security State Bank's primary federal regulator is the FDIC.
What is Security State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 40.73% in its Q1 2025 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Security State Bank operate?
It operates 12 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Security State Bank's Texas Ratio?
Its Texas Ratio is 0.34% in its Q1 2025 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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