Security State Bank of Hibbing
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Data as of · sourced from FFIEC call reports. How we update
Security State Bank of Hibbing is an FDIC-insured commercial bank headquartered in Hibbing, MN, established in 1911 (FDIC certificate 10175), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $151.9M, up 1.0% from Q2 2025, the 134th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.58% 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
- 10175
- Headquarters
- Hibbing, MN
- Established
- 1911
- Total assets, Q2 2026
- $151.9M
- Assets vs Q2 2025
- +1.0%
- CET1 ratio, Q2 2026
- 15.58%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091200592
- Latest call report
- Q2 2026, FFIEC 051 · Security State Bank of Hibbing call report
- Holding company
- SECURITY FINANCIAL SERVICES, INC.
- Asset rank in state
- 134th of 221 in Minnesota
Security State Bank of Hibbing, based in Hibbing, Minnesota, reported $152 million in assets at June 30, 2026. It pays an average of 0.88% on its deposits and borrowings, about half the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also lost 4.3% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.0%).
Earnings jumped: net income for the quarter was $426,000, 155% above the same quarter a year earlier. Over the same year, loans grew 8.4% and deposits shrank 4.3%. Credit is the area to watch: it carries problem assets equal to 9.8% of the capital and reserves that would absorb them, 3.7 times the median of 2.6% for banks its size.
As of June 30, 2026, Security State Bank of Hibbing reported a CET1 capital ratio of 15.58%, a return on assets of 1.14%, a nonperforming-loan ratio of 1.54% and a Texas ratio of 9.82%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Security State Bank of Hibbing is the 134th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 4.0% to $151.9M, loans rose 7.6% and deposits rose 0.9%. Commercial and industrial loans made up 30.8% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 29.3%. The FDIC Summary of Deposits lists a single office for it, in Hibbing, MN. On its Q2 2026 call report, Security State Bank of Hibbing meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 701 E Howard St, Hibbing, MN 55746
- County
- St. Louis
- Metro Area
- Duluth, MN-WI
- 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
- —
- Call Report form
- FFIEC 051
- Established
- February 11, 1911
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 24
- Domestic deposits
- $129.9M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- $317K
- Average total assets
- $149.2M
- Average total loans
- $96.2M
- Average interest-bearing deposits
- $78.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10175
- Fed RSSD
- 950356
- Website
- www.ssbhibbing.com →
- Parent Holding Company
- SECURITY FINANCIAL SERVICES, INC. (RSSD 1128817)
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
Over the 12 quarters to Q2 2026, Security State Bank of Hibbing's total assets ran between $146.2M (Q1 2026) and $161.7M (Q3 2024), 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
$151.9M total assets against $150.5M; $137.9M total liabilities against $137.9M.
$97.7M net loans and leases against $90.0M; $129.9M total deposits against $135.7M.
$40.8M securities against $45.2M; $6.0M cash and balances due against $7.8M.
$2.0M total interest income against $1.8M; $304K total interest expense against $360K.
$1.6M net interest income against $1.4M.
$213K total noninterest income against $203K; $1.2M total noninterest expense against $1.3M.
$52K provision for credit losses against $150K.
$426K net income against $167K.
1.14% return on assets against 0.43%; 4.55% net interest margin against 3.95%.
15.58% CET1 capital ratio against 15.52%; 11.64% tier 1 leverage ratio against 10.79%.
Inside the full Security State Bank of Hibbing terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity State Bank of Hibbing rankings
Its closest position to the top of a national ranking is 657 of 3,640, for Texas Ratio; its furthest is 3,280 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.43% (Q2 2025) to 1.14% (Q2 2026) and its net interest margin ran from 3.76% (Q3 2024) to 4.55% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.58% | 1.14% | 1.54% | 9.82% | 4.55% |
| Q1 2026 | 16.51% | 1.00% | 1.73% | 10.68% | 4.34% |
| Q4 2025 | 16.34% | 0.94% | 2.01% | 11.96% | 4.38% |
| Q3 2025 | 16.42% | 1.04% | 1.98% | 11.89% | 4.13% |
| Q2 2025 | 15.52% | 0.43% | 2.00% | 12.94% | 3.95% |
| Q1 2025 | 15.59% | 0.69% | 2.17% | 14.27% | 3.87% |
| Q4 2024 | 16.04% | 0.95% | 2.35% | 15.61% | 3.90% |
| Q3 2024 | 15.52% | 1.00% | 1.97% | 12.62% | 3.76% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 of Hibbing (main office) | Hibbing , MN | 55746 | $129.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 165 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 22 applications, 16 loans originated, $5.2M originated, across 2 states
- Period: Calendar year 2023. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $2.0M approved, $2.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (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 of Hibbing
What are Security State Bank of Hibbing's total assets?
As of the Q2 2026 filing, Security State Bank of Hibbing reported total assets of $151.9 million in its FFIEC call report.
Where is Security State Bank of Hibbing headquartered?
It is headquartered in Hibbing, MN, United States.
When was Security State Bank of Hibbing founded?
It was established in 1911, per the FDIC institution directory.
Is Security State Bank of Hibbing FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10175). 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 of Hibbing?
Security State Bank of Hibbing's primary federal regulator is the FDIC.
What is Security State Bank of Hibbing's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.58% 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 of Hibbing operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Security State Bank of Hibbing's Texas Ratio?
Its Texas Ratio is 9.82% 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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