Security State Bank
FDIC #9036
📍 Iron River, Wisconsin
Security State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 06/06/1911. With assets of $121.04 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2019
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
December 1, 2019
Satisfactory
March 1, 2014
Satisfactory
August 1, 2008
Satisfactory
💰 Financial Strength
Total Assets$121.04 Million
Total Deposits$95.89 Million
Equity Capital$23.30 Million
Net Income$1.43 Million
📈 Performance
ROA1.58%
ROE8.17%
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
Established06/06/1911
FDIC Cert9036
Holding CoSecurity Bank Shares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeMay 29, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2021
Relocation
Moved HQ to: 7865 Us Highway 2, Iron River, WI 54847.
2006
Relocation
Moved HQ to: 7865 (U. S. Highway 2), Iron River, WI 54847.
1995
Relocation
Moved HQ to: Pine Street (U.S. Highway 2), Iron River, WI 54847.
1986
Name Change
Name became: Changed Institution Name To Security State Bank.