Security State Bank of Aitkin
402 Minnesota Ave N, Aitkin, MN 56431
Financial Overview
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