Security State Bank of Wanamingo: how it compares with its peers
Against 93 MN banks with half to twice its assets, Security State Bank of Wanamingo's strongest measure in Q2 2026 is return on assets (2.21% vs. a 1.20% peer median). Its weakest relative measure is net interest margin (4.24% vs. 4.12%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.21% | 1.20% | Top third Ahead of 99% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.24% | 4.12% | Middle third Ahead of 59% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 45.51% | 61.64% | Top third Ahead of 96% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.4M | $7.1M | Top third Ahead of 88% of peers |
| Loans to deposits Net loans and leases over total deposits. | 97.20% | 79.21% | Context |
What it means for lending operations
Its efficiency ratio of 45.51% is better than the 61.64% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- The First National Bank of Coleraine Coleraine, MN · $112M
- Farmers State Bank of Underwood Underwood, MN · $114M
- Security State Bank of Aitkin Aitkin, MN · $114M
- Rushford State Bank (Incorporated) Rushford, MN · $115M
- First State Bank of Le Center Le Center, MN · $110M
- Red River State Bank Halstad, MN · $110M
Questions about Security State Bank of Wanamingo
How big is Security State Bank of Wanamingo?
Security State Bank of Wanamingo, established in 1917, is headquartered in Wanamingo, MN. It reported $113M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Security State Bank of Wanamingo's return on assets?
2.21% annualized in Q2 2026, against a 1.20% median for 93 MN banks with half to twice its assets, ahead of 99% of them.
What is Security State Bank of Wanamingo's efficiency ratio?
45.51% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 61.64%, and lower is better.
Is Security State Bank of Wanamingo growing its loans?
Net loans grew 10.1% over the year to Q2 2026, while deposits grew 10.2%.
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.