Security Savings Bank
FDIC #15734
📍 Canton, South Dakota
Security Savings Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 06/14/1920. With assets of $489.85 Million, it operates 8 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: April 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
April 1, 2022
Satisfactory
July 1, 2016
Satisfactory
March 1, 2011
Outstanding
💰 Financial Strength
Total Assets$489.85 Million
Total Deposits$440.49 Million
Equity Capital$47.09 Million
Net Income$1.33 Million
📈 Performance
ROA0.36%
ROE3.74%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established06/14/1920
FDIC Cert15734
Holding CoLarch Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2019
Merger / Acquisition
Acquired: Exchange State Bank
2019
Relocation
Moved HQ to: 100 S West Street, Canton, SD 57013.
2014
Relocation
Moved HQ to: 100 West Road, Canton, SD 57013.
2007
Merger / Acquisition
Acquired: George State Bank
2006
Relocation
Moved HQ to: 430 Holder Street, Larchwood, IA 51241.
📍 Branch Locations (8)
Security Savings Bank Sioux Falls, Sd Branch
2331 E 10th St
Sioux Falls, South Dakota 57103
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2331 E 10th St
Sioux Falls, South Dakota 57103
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