Security Bank Midwest is a bank based in Tyndall, South Dakota, established in 1932, with $322 million in total assets across 6 branches. By Trust Grade it ranks 37th of 56 banks we track in South Dakota. Its capital ratio of 9.0% trails most similarly sized banks (30th percentile), versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 0.93% return on assets. No consumer complaints against Security Bank Midwest appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Security Bank Midwest compares to South Dakota peers
How we graded Security Bank Midwest
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.0% capital ratio)
- Profitable (ROA 0.93%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Security Bank Midwest over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 274 10th St, Heron Lake, MN 56137
- 1600 Main St, Tyndall, SD 57066
- 105 N. Main Street, Viborg, SD 57070
- 202 Grant St, Jackson, MN 56143
- 200 Security Drive, Lennox, SD 57039
- 221 Main St, Chancellor, SD 57015
Are deposits at Security Bank Midwest insured?
Yes. Security Bank Midwest is an FDIC-insured bank (FDIC certificate #485). 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 Bank Midwest: frequently asked questions
Is Security Bank Midwest a good bank?
Security Bank Midwest earns a Bankzia Trust Grade of A (94/100, "Excellent"), based on a financial-strength score of 94/100 (it has no CFPB complaints on record). Strongly capitalized (9.0% capital ratio); Profitable (ROA 0.93%).
Is Security Bank Midwest FDIC-insured?
Yes. Security Bank Midwest is a FDIC-insured bank (FDIC certificate #485). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Security Bank Midwest?
Security Bank Midwest holds $322 million in total assets, ranking 37th of 56 banks we track in South Dakota. It operates 6 branches.
Does Security Bank Midwest have CFPB complaints?
No CFPB complaints against Security Bank Midwest 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.
