Security State Bank of Aitkin: how it compares with its peers
Against 91 MN banks with half to twice its assets, Security State Bank of Aitkin's strongest measure in Q2 2026 is net interest margin (3.97% vs. a 4.12% peer median). Its weakest relative measure is efficiency ratio (75.50% vs. 61.48%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.94% | 1.24% | Bottom third Ahead of 24% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.97% | 4.12% | Middle third Ahead of 43% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 75.50% | 61.48% | Bottom third Ahead of 8% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.5M | $7.1M | Bottom third Ahead of 20% of peers |
| Loans to deposits Net loans and leases over total deposits. | 52.51% | 79.21% | Context |
What it means for lending operations
Its efficiency ratio of 75.50% is above the 61.48% 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
- Rushford State Bank (Incorporated) Rushford, MN · $115M
- Farmers State Bank of Underwood Underwood, MN · $114M
- Security State Bank of Wanamingo Wanamingo, MN · $113M
- The First National Bank of Coleraine Coleraine, MN · $112M
- Mid-Central National Bank Wadena, MN · $117M
- First State Bank of Bigfork Bigfork, MN · $117M
Questions about Security State Bank of Aitkin
How big is Security State Bank of Aitkin?
Security State Bank of Aitkin, established in 1947, is headquartered in Aitkin, MN. It reported $114M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Security State Bank of Aitkin's return on assets?
0.94% annualized in Q2 2026, against a 1.24% median for 91 MN banks with half to twice its assets, ahead of 24% of them.
What is Security State Bank of Aitkin's efficiency ratio?
75.50% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 61.48%, and lower is better.
Is Security State Bank of Aitkin growing its loans?
Net loans grew 13.9% over the year to Q2 2026, while deposits grew 3.2%.
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 MN 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 Minnesota bank ranked.