Security State Bank (Radcliffe, IA)
BankRegReports is independent of Security State Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Security State Bank is an FDIC-insured commercial bank headquartered in Radcliffe, IA, established in 1914 (FDIC certificate 18448), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $119.0M, down 3.1% from Q2 2025, the 185th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 14.51% 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
- 18448
- Headquarters
- Radcliffe, IA
- Established
- 1914
- Total assets, Q2 2026
- $119.0M
- Assets vs Q2 2025
- -3.1%
- CET1 ratio, Q2 2026
- 14.51%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073908359
- Holding company
- DRAKE HOLDING COMPANY
- Asset rank in state
- 185th of 225 in Iowa
Problem loans are rising at Security State Bank. It reported $119 million in assets at June 30, 2026, down 3.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.88% of loans from 2.49% a year earlier. It keeps 2.97 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also funds 8.27% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
Its $13 million commercial and industrial book is improving, with 4.32% past due or on nonaccrual, down from 9.06% a year earlier. Net income for the quarter rose 27% from a year earlier, to $369,000. Credit is the area to watch: it carries problem assets equal to 15.7% of the capital and reserves that would absorb them, 6.0 times the median of 2.6% for banks its size.
As of June 30, 2026, Security State Bank reported a CET1 capital ratio of 14.51%, a return on assets of 1.23%, a nonperforming-loan ratio of 2.88% and a Texas ratio of 15.73%. The figures come from its call report filed with the FFIEC.
Security State Bank ranks as the 185th 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 fell 1.5% to $119.0M, loans fell 2.7% and deposits fell 1.8%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 23.0% of total loans, ahead of 1-4 family residential loans at 20.5%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in IA; its Radcliffe office books 44% of its branch deposits. By the capital ratios in its Q2 2026 call report, Security State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 207 Isabella St, Radcliffe, IA 50230
- County
- Hardin
- 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
- October 14, 1914
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 19
- Domestic deposits
- $109.0M
- Allowance for credit losses
- $585K
- Net charge-offs (YTD)
- $0
- Average total assets
- $120.0M
- Average total loans
- $55.0M
- Average interest-bearing deposits
- $90.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 26, 1961
- FDIC Cert
- 18448
- Fed RSSD
- 527749
- Website
- http://www.ssbiowa.com →
- Parent Holding Company
- DRAKE HOLDING COMPANY (RSSD 1208410)
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 State Bank's total assets moved between a low of $108.1M (Q3 2023) and a high of $130.0M (Q1 2025) from Q3 2023 to Q2 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
$119.0M total assets against $122.8M; $109.3M total liabilities against $113.5M.
$53.8M net loans and leases against $52.3M; $109.0M total deposits against $113.2M.
$40.6M securities against $49.1M; $22.7M cash and balances due against $19.5M.
$1.4M total interest income against $1.4M; $527K total interest expense against $651K.
$861K net interest income against $745K.
$49K total noninterest income against $60K; $575K total noninterest expense against $494K.
$0 provision for credit losses against $0.
$369K net income against $290K.
1.23% return on assets against 0.93%; 2.97% net interest margin against 2.48%.
14.51% CET1 capital ratio against 14.81%; 8.27% tier 1 leverage ratio against 7.94%.
Inside the full Security State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity State Bank rankings
Its closest position to the top of a national ranking is 279 of 3,640, for Texas Ratio; its furthest is 3,525 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.16% (Q1 2025) to 1.23% (Q2 2026) and its net interest margin ran from 2.14% (Q3 2024) to 2.97% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.51% | 1.23% | 2.88% | 15.73% | 2.97% |
| Q1 2026 | 14.15% | 0.88% | 1.93% | 10.99% | 2.77% |
| Q4 2025 | 13.82% | 0.84% | 1.46% | 8.46% | 2.84% |
| Q3 2025 | 13.93% | 0.76% | 2.16% | 12.51% | 2.63% |
| Q2 2025 | 14.81% | 0.93% | 2.49% | 13.82% | 2.48% |
| Q1 2025 | 14.33% | 0.16% | 2.06% | 11.66% | 2.21% |
| Q4 2024 | 14.79% | 0.32% | 2.42% | 14.85% | 2.22% |
| Q3 2024 | 15.79% | 0.36% | 1.83% | 10.13% | 2.14% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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) | Radcliffe , IA | 50230 | $47.5M |
| Hubbard Branch | Hubbard , IA | 50122 | $32.0M |
| Security State Bank - Story City Branch | Story City , IA | 50248 | $15.1M |
| Zearing Branch | Zearing , IA | 50278 | $14.3M |
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 |
|---|---|---|---|
| August 6, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 6, 2013 | Structure Change | Acquired Security State 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 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 200 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 29 applications, 26 loans originated, $1.8M originated, across 1 states
- Period: Calendar year 2019. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $638K approved, $638K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (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
Add this badge to your website
Free to use. It shows Security State Bank’s latest filed figures and updates each quarter.
Similar banks
Compare Security State Bank with peers
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 $119.0 million in its FFIEC call report.
Where is Security State Bank headquartered?
It is headquartered in Radcliffe, IA, United States.
When was Security State Bank founded?
It was established in 1914, per the FDIC institution directory.
Is Security State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18448). 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 14.51% in its Q2 2026 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 4 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 15.73% 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.
Go deeper on Security State Bank.
Get an email when Security State Bank files its next call report, and benchmark it against any peer you choose.
Unlock Security State Bank, freeFree account