Security State Bank of Warroad
Also written as SSB of Warroad
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Data as of · sourced from FFIEC call reports. How we update
Security State Bank of Warroad is an FDIC-insured commercial bank headquartered in Warroad, MN, established in 1912 (FDIC certificate 9773), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $138.3M, down 2.3% from Q2 2025, the 142nd largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.41% 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
- 9773
- Headquarters
- Warroad, MN
- Established
- 1912
- Total assets, Q2 2026
- $138.3M
- Assets vs Q2 2025
- -2.3%
- Tier 1 leverage ratio, Q2 2026
- 16.41%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091210540
- Latest call report
- Q2 2026, FFIEC 051 · Security State Bank of Warroad Q3 2026 call report, filed October 21, 2026 (preliminary)
- Holding company
- WARROAD BANCSHARES, INC.
- Asset rank in state
- 142nd of 221 in Minnesota
Problem loans are rising at Security State Bank of Warroad. It reported $138 million in assets at June 30, 2026, down 2.3% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.17% of loans from 1.63% a year earlier. It funds 16.41% of its assets with Tier 1 capital, higher than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 10.99%). It also holds commercial real estate loans equal to only 17% of its capital, a small fraction of the median of 1.2 times for banks its size.
Paper losses on its bond portfolio are shrinking: unrealized losses of $9.2 million equal 40% of Tier 1 capital, down from 51% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 3.2% and deposits fell 4.4%. Credit is the area to watch: it carries problem assets equal to 14.9% of the capital and reserves that would absorb them, 5.6 times the median of 2.7% for banks its size.
As of June 30, 2026, Security State Bank of Warroad reported a return on assets of 0.68%, a nonperforming-loan ratio of 4.17% and a Texas ratio of 14.90%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Security State Bank of Warroad is the 142nd largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.2% to $138.3M, loans fell 0.1% and deposits fell 4.4%. Commercial and industrial loans made up 27.0% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 17.2%. The FDIC Summary of Deposits lists 2 offices for it, in Warroad, MN. On its Q2 2026 call report, Security State Bank of Warroad meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 502 Lake St Ne, Warroad, MN 56763
- County
- Roseau
- 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
- September 13, 1912
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $119.9M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $24K
- Average total assets
- $140.0M
- Average total loans
- $68.9M
- Average interest-bearing deposits
- $84.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9773
- Fed RSSD
- 868059
- Website
- http://www.ssbwarroad.com →
- Parent Holding Company
- WARROAD BANCSHARES, INC. (RSSD 1127986)
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 Warroad reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Security State Bank of Warroad's total assets ranged from $138.3M (Q2 2026) to $151.3M (Q4 2023), 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
$138.3M total assets against $141.6M; $120.9M total liabilities against $126.2M.
$67.6M net loans and leases against $65.6M; $119.9M total deposits against $125.4M.
$52.0M securities against $51.3M; $9.3M cash and balances due against $14.8M.
$1.6M total interest income against $1.6M; $385K total interest expense against $464K.
$1.2M net interest income against $1.1M.
$5K total noninterest income against $5K; $823K total noninterest expense against $868K.
$25K provision for credit losses against $0.
$239K net income against $211K.
0.68% return on assets against 0.59%; 3.53% net interest margin against 3.35%.
16.41% tier 1 leverage ratio against 15.52%.
Inside the full Security State Bank of Warroad 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Security State Bank of Warroad rankings
Its closest position to the top of a national ranking is 314 of 3,640, for Texas Ratio; its furthest is 3,046 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.45% (Q3 2024) to 1.04% (Q4 2025) and its net interest margin ran from 2.84% (Q4 2024) to 3.57% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.41% | 0.68% | 4.17% | 14.90% | 3.53% |
| Q1 2026 | 16.06% | 0.70% | 4.22% | 15.58% | 3.34% |
| Q4 2025 | 15.64% | 1.04% | 1.13% | 3.96% | 3.52% |
| Q3 2025 | 15.66% | 0.72% | 3.41% | 12.84% | 3.57% |
| Q2 2025 | 15.52% | 0.59% | 1.63% | 6.34% | 3.35% |
| Q1 2025 | 15.26% | 0.57% | 0.56% | 2.23% | 3.16% |
| Q4 2024 | 14.83% | 0.48% | 1.26% | 5.10% | 2.84% |
| Q3 2024 | 14.71% | 0.45% | 4.73% | 19.04% | 3.02% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 of Warroad (main office) | Warroad , MN | 56763 | $119.9M |
| Warroad Branch | Warroad , MN | 56763 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 174 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, 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 of Warroad
What are Security State Bank of Warroad's total assets?
As of the Q2 2026 filing, Security State Bank of Warroad reported total assets of $138.3 million in its FFIEC call report.
Where is Security State Bank of Warroad headquartered?
It is headquartered in Warroad, MN, United States.
When was Security State Bank of Warroad founded?
It was established in 1912, per the FDIC institution directory.
Is Security State Bank of Warroad FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9773). 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 Warroad?
Security State Bank of Warroad's primary federal regulator is the FDIC.
How many branches does Security State Bank of Warroad operate?
It operates 2 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 of Warroad's Texas Ratio?
Its Texas Ratio is 14.90% 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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