Security State Bank (Sutherland, IA)
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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 Sutherland, IA, established in 1931 (FDIC certificate 235), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $492.3M, up 7.7% from Q2 2025, the 64th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.12% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 235
- Headquarters
- Sutherland, IA
- Established
- 1931
- Total assets, Q2 2026
- $492.3M
- Assets vs Q2 2025
- +7.7%
- Tier 1 leverage ratio, Q2 2026
- 11.12%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073921161
- Holding company
- OLD O'BRIEN BANC SHARES, INC.
- Asset rank in state
- 64th of 225 in Iowa
Security State Bank is one of the more profitable banks of its size. The Sutherland, Iowa bank had $492 million in assets at June 30, 2026, up 7.7% from a year earlier. It earns about $2.63 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 28 cents to bring in each dollar of revenue, about half the median of 61 cents for banks its size.
Net income for the quarter rose 16% from a year earlier, to $3.2 million. Its $68 million commercial and industrial book is improving, with 1.70% past due or on nonaccrual, down from 2.53% a year earlier. Funding is the softer spot: it pays an average of 2.73% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.80%).
As of June 30, 2026, Security State Bank reported a return on assets of 2.63%, a nonperforming-loan ratio of 0.23% and a Texas ratio of 2.81%. The figures come from its call report filed with the FFIEC.
Security State Bank ranks as the 64th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.4% to $492.3M, loans rose 1.4% and deposits were flat. Its loan book on June 30, 2026 was led by agricultural production loans, at 32.0% of total loans, followed by farmland and other real estate loans at 31.0%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in IA; its Sutherland office books 64% of its branch deposits. On its Q2 2026 call report, Security State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 109 W 2nd St, Sutherland, IA 51058
- County
- O'Brien
- 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 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 1, 1931
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 34
- Domestic deposits
- $337.3M
- Allowance for credit losses
- $5.2M
- Net charge-offs (YTD)
- $0
- Average total assets
- $489.5M
- Average total loans
- $448.9M
- Average interest-bearing deposits
- $287.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 235
- Fed RSSD
- 425845
- SEC CIK
- 1782413 → filed by OLD O'BRIEN BANC SHARES, INC.
- Website
- mysecuritystate.com →
- Parent Holding Company
- OLD O'BRIEN BANC SHARES, INC. (RSSD 1209172)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Security State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Security State Bank's total assets ran between $348.9M (Q3 2023) and $492.3M (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
$492.3M total assets against $457.2M; $437.7M total liabilities against $410.3M.
$445.3M net loans and leases against $418.6M; $337.3M total deposits against $307.7M.
$1.1M securities against $4.1M; $27.6M cash and balances due against $17.8M.
$7.9M total interest income against $7.5M; $3.0M total interest expense against $3.1M.
$5.0M net interest income against $4.3M.
$96K total noninterest income against $90K; $1.4M total noninterest expense against $1.3M.
$300K provision for credit losses against $175K.
$3.2M net income against $2.8M.
2.63% return on assets against 2.45%; 4.15% net interest margin against 3.88%.
11.12% tier 1 leverage ratio against 10.31%.
Inside the full Security State Bank 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Security State Bank rankings
Its closest position to the top of a national ranking is 33 of 3,606, for efficiency ratio; its furthest is 1,915 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 2.21% (Q3 2024) to 2.71% (Q4 2025) and its net interest margin ran from 3.49% (Q3 2024) to 4.15% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.12% | 2.63% | 0.23% | 2.81% | 4.15% |
| Q1 2026 | 10.85% | 2.64% | 0.27% | 2.72% | 4.11% |
| Q4 2025 | 10.98% | 2.71% | 0.39% | 3.07% | 4.13% |
| Q3 2025 | 10.75% | 2.51% | 0.34% | 2.66% | 4.05% |
| Q2 2025 | 10.31% | 2.45% | 0.24% | 2.00% | 3.88% |
| Q1 2025 | 10.21% | 2.41% | 0.23% | 1.99% | 3.85% |
| Q4 2024 | 10.37% | 2.34% | 0.17% | 1.38% | 3.77% |
| Q3 2024 | 10.25% | 2.21% | 0.15% | 1.26% | 3.49% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 State Bank (main office) | Sutherland , IA | 51058 | $215.9M |
| Paullina Branch | Paullina , IA | 51046 | $48.3M |
| Peoples Branch | Elma , IA | 50628 | $41.0M |
| New Hampton Branch | New Hampton , IA | 50659 | $28.2M |
| Frederika Branch | Frederika , IA | 50631 | $3.9M |
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 29, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 29, 2022 | Structure Change | Acquired Farmers Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2019 | Structure Change | Acquired Peoples Savings 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 89 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 111 applications, 109 loans originated, $15.2M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $128K approved, $128K 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
- 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 State Bank
What are Security State Bank's total assets?
As of the Q2 2026 filing, Security State Bank reported total assets of $492.3 million in its FFIEC call report.
Where is Security State Bank headquartered?
It is headquartered in Sutherland, IA, United States.
When was Security State Bank founded?
It was established in 1931, per the FDIC institution directory.
Is Security State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #235). 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.
How many branches does Security State Bank operate?
It operates 5 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 2.81% 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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