Security State Bank of Aitkin

Chartered Bank Active FDIC Insured
Health Score
7.8 / 10

402 Minnesota Ave N, Aitkin, MN 56431

Financial Overview

Total Assets $109.8M
Total Deposits $102.2M
Profitability (ROA) 0.85%
Shareholder Return (ROE) 14.82%
Capital Cushion (Eq/Assets) 5.62%
Established 12/23/1947

Financial Health Analysis

Security State Bank of Aitkin is a currently active commercial lending specialization banking institution headquartered in Aitkin, Minnesota. Established in 12/23/1947, this institution operates under regulatory supervision and is fully insured by the FDIC.

As a financial institution, Security State Bank of Aitkin manages $109.8M in total assets and holds $102.2M in customer deposits. When evaluating the stability of Security State Bank of Aitkin, one of the most critical metrics is its Capital Cushion (Equity-to-Assets Ratio). At 5.62%, this indicates how much financial loss the bank can absorb before depositors' funds are placed at risk. A strong equity cushion is a key indicator of a bank's ability to weather economic downturns.

In terms of operational efficiency, the bank's Return on Assets (ROA) is 0.85%, while its Return on Equity (ROE) sits at 14.82%. These metrics result in a moderate health score of 7.8 out of 10, suggesting standard financial stability and adequate capital levels in line with industry averages.

Risk & Growth Profiles

✓ Clean Regulatory Record

No recent history of FDIC conservatorship or financial failure.

Deposit Momentum

$25.5M avg deposits per branch.

Measures how much capital the bank holds against its physical footprint. A higher ratio indicates a highly liquid, lower-overhead lending profile.

Operations & Contact

Contact

Website: http://www.ssbmn.com

FDIC Certificate #: 16656

Specialization: Commercial Lending Specialization

Location

402 Minnesota Ave N

Aitkin, Minnesota 56431

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