Security State Bank is a bank based in Alexandria, South Dakota, established in 1946, with $100 million in total assets across 3 branches. By Trust Grade it ranks 47th of 56 banks we track in South Dakota. Its capital ratio of 7.5% trails most similarly sized banks (7th percentile), versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 0.96% return on assets. No consumer complaints against Security State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Security State Bank compares to South Dakota peers
How we graded Security State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (7.5% capital ratio)
- Profitable (ROA 0.96%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Security State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 450 Main St, Alexandria, SD 57311
- 213 Main St, Spencer, SD 57374
- 107 W Main St, Montrose, SD 57048
Are deposits at Security State Bank insured?
Yes. Security State Bank is an FDIC-insured bank (FDIC certificate #16448). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Security State Bank: frequently asked questions
Is Security State Bank a good bank?
Security State Bank earns a Bankzia Trust Grade of B (88/100, "Strong"), based on a financial-strength score of 88/100 (it has no CFPB complaints on record). Well-capitalized (7.5% capital ratio); Profitable (ROA 0.96%).
Is Security State Bank FDIC-insured?
Yes. Security State Bank is a FDIC-insured bank (FDIC certificate #16448). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Security State Bank?
Security State Bank holds $100 million in total assets, ranking 47th of 56 banks we track in South Dakota. It operates 3 branches.
Does Security State Bank have CFPB complaints?
No CFPB complaints against Security State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
