Security State Bank: how it compares with its peers
Against 16 SD banks with half to twice its assets, Security State Bank's strongest measure in Q2 2026 is net interest margin (3.81% vs. a 3.79% peer median). Its weakest relative measure is return on assets (0.49% vs. 1.84%).
| Measure | Security State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.49% | 1.84% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.81% | 3.79% | Middle third Ahead of 56% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 74.70% | 54.06% | Bottom third Ahead of 13% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.4M | $8.6M | Bottom third Ahead of 13% of peers |
| Loans to deposits Net loans and leases over total deposits. | 56.10% | 61.38% | Context |
What it means for lending operations
Its efficiency ratio of 74.70% is above the 54.06% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Western Dakota Bank Timber Lake, SD · $86M
- DNB NATIONAL BANK Clear Lake, SD · $124M
- Farmers State Bank of Canton Canton, SD · $82M
- State Bank of Eagle Butte Eagle Butte, SD · $80M
- Ipswich State Bank Ipswich, SD · $74M
- Community Bank Avon, SD · $69M
Questions about Security State Bank
How big is Security State Bank?
Security State Bank, established in 1946, is headquartered in Alexandria, SD. It reported $103M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Security State Bank's return on assets?
0.49% annualized in Q2 2026, against a 1.84% median for 16 SD banks with half to twice its assets, ahead of 0% of them.
What is Security State Bank's efficiency ratio?
74.70% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 54.06%, and lower is better.
Is Security State Bank growing its loans?
Net loans shrank 7.8% over the year to Q2 2026, while deposits grew 2.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are SD banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every South Dakota bank ranked.