Security Savings Bank is a bank based in Canton, South Dakota, established in 1920, with $550 million in total assets across 8 branches. By Trust Grade it ranks 27th of 56 banks we track in South Dakota. Its capital ratio of 10.2% is stronger than 51% of similarly sized banks, versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 0.90% return on assets. No consumer complaints against Security Savings 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 Savings Bank compares to South Dakota peers
How we graded Security Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.2% capital ratio)
- Profitable (ROA 0.90%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Security Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (8)
- 402 S Main St, Inwood, IA 51240
- 116 County Road 6, Hills, MN 56138
- 310 W Gabrielson Rd, Luverne, MN 56156
- 430 Holder St, Larchwood, IA 51241
- 2331 E 10th St, Sioux Falls, SD 57103
- 210 S Broadway St, Ellsworth, MN 56129
- 100 S Main St, George, IA 51237
- 100 S West St, Canton, SD 57013
Are deposits at Security Savings Bank insured?
Yes. Security Savings Bank is an FDIC-insured bank (FDIC certificate #15734). 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 Savings Bank: frequently asked questions
Is Security Savings Bank a good bank?
Security Savings Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (10.2% capital ratio); Profitable (ROA 0.90%).
Is Security Savings Bank FDIC-insured?
Yes. Security Savings Bank is a FDIC-insured bank (FDIC certificate #15734). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Security Savings Bank?
Security Savings Bank holds $550 million in total assets, ranking 27th of 56 banks we track in South Dakota. It operates 8 branches.
Does Security Savings Bank have CFPB complaints?
No CFPB complaints against Security Savings 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.
