Security State Bank of Wanamingo, Incorporated
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Data as of · sourced from FFIEC call reports. How we update
Security State Bank of Wanamingo, Incorporated is an FDIC-insured commercial bank headquartered in Wanamingo, MN, established in 1917 (FDIC certificate 18378), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $112.7M, up 10.5% from Q2 2025, the 160th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.37% 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
- 18378
- Headquarters
- Wanamingo, MN
- Established
- 1917
- Total assets, Q2 2026
- $112.7M
- Assets vs Q2 2025
- +10.5%
- Tier 1 leverage ratio, Q2 2026
- 11.37%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091914257
- Latest call report
- Q2 2026, FFIEC 051 · Security State Bank of Wanamingo, Incorporated call report
- Holding company
- WANAMINGO BANCSHARES, INC.
- Asset rank in state
- 160th of 221 in Minnesota
Security State Bank of Wanamingo, Incorporated, based in Wanamingo, Minnesota, reported $113 million in assets at June 30, 2026, up 10.5% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 2.6%). It also spends about 47 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 61 cents).
Funding is the softer spot: it pays an average of 2.30% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Security State Bank of Wanamingo, Incorporated reported a return on assets of 2.02%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Security State Bank of Wanamingo, Incorporated is the 160th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.3% to $112.7M, loans fell 2.8% and deposits fell 1.2%. Farmland and other real estate loans made up 31.3% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 17.2%. The FDIC Summary of Deposits lists a single office for it, in Wanamingo, MN. By the capital ratios in its Q2 2026 call report, Security State Bank of Wanamingo, Incorporated meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 232 Main St, Wanamingo, MN 55983
- County
- Goodhue
- Metro Area
- Red Wing, 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
- —
- Call Report form
- FFIEC 051
- Established
- December 5, 1917
- Former names
- Security State Bank of Wanamingo (1985)
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 12
- Domestic deposits
- $96.7M
- Allowance for credit losses
- $983K
- Net charge-offs (YTD)
- $2K
- Average total assets
- $113.8M
- Average total loans
- $97.5M
- Average interest-bearing deposits
- $79.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 27, 1961
- FDIC Cert
- 18378
- Fed RSSD
- 211851
- Website
- http://www.ssbwanamingo.com →
- Parent Holding Company
- WANAMINGO BANCSHARES, INC. (RSSD 1135271)
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 of Wanamingo, Incorporated 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 of Wanamingo, Incorporated's total assets ran between $85.4M (Q3 2023) and $113.6M (Q4 2025), 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
$112.7M total assets against $102.0M; $99.9M total liabilities against $90.5M.
$94.0M net loans and leases against $85.4M; $96.7M total deposits against $87.7M.
$7.4M securities against $9.0M; $9.6M cash and balances due against $6.0M.
$1.8M total interest income against $1.6M; $579K total interest expense against $514K.
$1.2M net interest income against $1.0M.
$70K total noninterest income against $62K; $595K total noninterest expense against $556K.
$90K provision for credit losses against $0.
$576K net income against $549K.
2.02% return on assets against 2.16%; 4.25% net interest margin against 4.17%.
11.37% tier 1 leverage ratio against 11.49%.
Inside the full Security State Bank of Wanamingo, Incorporated terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity State Bank of Wanamingo, Incorporated rankings
Its closest position to the top of a national ranking is 461 of 3,611, for ROA; its furthest is 3,624 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.50% (Q1 2025) to 2.50% (Q3 2025) and its net interest margin ran from 3.83% (Q1 2025) to 4.25% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.37% | 2.02% | 0.00% | 0.00% | 4.25% |
| Q1 2026 | 11.13% | 2.40% | 0.10% | 0.71% | 4.14% |
| Q4 2025 | 11.54% | 2.22% | 0.10% | 0.70% | 4.16% |
| Q3 2025 | 11.76% | 2.50% | 0.00% | 0.00% | 4.20% |
| Q2 2025 | 11.49% | 2.16% | 0.18% | 1.26% | 4.17% |
| Q1 2025 | 11.38% | 1.50% | 1.32% | 9.07% | 3.83% |
| Q4 2024 | 11.92% | 1.88% | 0.00% | 0.00% | 3.96% |
| Q3 2024 | 12.25% | 2.21% | 0.00% | 0.00% | 4.14% |
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 Wanamingo | Wanamingo , MN | 55983 | $96.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 196 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $350K approved, $350K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1996 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Wanamingo, Incorporated
What are Security State Bank of Wanamingo, Incorporated's total assets?
As of the Q2 2026 filing, Security State Bank of Wanamingo, Incorporated reported total assets of $112.7 million in its FFIEC call report.
Where is Security State Bank of Wanamingo, Incorporated headquartered?
It is headquartered in Wanamingo, MN, United States.
When was Security State Bank of Wanamingo, Incorporated founded?
It was established in 1917, per the FDIC institution directory.
Is Security State Bank of Wanamingo, Incorporated FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18378). 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 Wanamingo, Incorporated?
Security State Bank of Wanamingo, Incorporated's primary federal regulator is the FDIC.
How many branches does Security State Bank of Wanamingo, Incorporated 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 Wanamingo, Incorporated's Texas Ratio?
Its Texas Ratio is 0.00% 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.
What was Security State Bank of Wanamingo, Incorporated previously called?
The charter now named Security State Bank of Wanamingo, Incorporated has also operated as Security State Bank of Wanamingo (1985), per FDIC structure-change records.
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