Security State Bank Of Aitkin is a bank based in Aitkin, Minnesota, established in 1947, with $110 million in total assets across 4 branches. By Trust Grade it ranks 209th of 224 banks we track in Minnesota. Its capital ratio of 5.6% trails most similarly sized banks (2th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.85% return on assets. No consumer complaints against Security State Bank Of Aitkin appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Security State Bank Of Aitkin compares to Minnesota peers
How we graded Security State Bank Of Aitkin
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (5.6% capital ratio)
- Profitable (ROA 0.85%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Security State Bank Of Aitkin over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 402 Minnesota Ave N, Aitkin, MN 56431
- 27310 Central St, Garrison, MN 56450
- 171 Red Oak Dr, Aitkin, MN 56431
- 6 W Wisconsin St, Grand Marais, MN 55604
Are deposits at Security State Bank Of Aitkin insured?
Yes. Security State Bank Of Aitkin is an FDIC-insured bank (FDIC certificate #16656). 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 State Bank Of Aitkin: frequently asked questions
Is Security State Bank Of Aitkin a good bank?
Security State Bank Of Aitkin earns a Bankzia Trust Grade of B (81/100, "Strong"), based on a financial-strength score of 81/100 (it has no CFPB complaints on record). Well-capitalized (5.6% capital ratio); Profitable (ROA 0.85%).
Is Security State Bank Of Aitkin FDIC-insured?
Yes. Security State Bank Of Aitkin is a FDIC-insured bank (FDIC certificate #16656). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Security State Bank Of Aitkin?
Security State Bank Of Aitkin holds $110 million in total assets, ranking 209th of 224 banks we track in Minnesota. It operates 4 branches.
Does Security State Bank Of Aitkin have CFPB complaints?
No CFPB complaints against Security State Bank Of Aitkin 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.
