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Security State Bank Algona, IA

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Security State Bank Algona, IA Rates & Review March 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Security State Bank Algona, IA provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: March 28, 2026

You can compare Security State Bank Algona, IA rates to other rates in our database, including 12-month CD rates currently at 3.25%, 6-month CD rates at 3.19% and 3-month CD rates at 3.54%. Savings rates are at 0.01% and money market rates are at 0.12%. Mortgage rates on 30-year fixed loans are around 5.95%. All these rates can be compared to Security State Bank Algona, IA rates. MonitorBankRates evaluates the financial stability of Security State Bank Algona, IA with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 12.77%. Rates were last updated on 03/28/2026.

Security State Bank Algona, IA money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Security State Bank Algona, IA? Share your experience about Security State Bank Algona, IA by leaving a review below, or read customer reviews before you decide to use Security State Bank Algona, IA.

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

12.77%

Excellent Higher than avg

Security State Bank Algona, IA

1 E State St
Algona, IA 50511

https://www.bankssb.com

Current Rate Availability

We do not have Security State Bank Algona, IA rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Security State Bank Algona, IA is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Security State Bank Algona, IA rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Security State Bank Algona, IA's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Security State Bank Algona, IA

Bank Holding Company BURT BANCSHARES INC

Address 1 E State St, Algona, IA 50511 · Kossuth

Website https://www.bankssb.com

FDIC Certificate # 15839

Established 03/01/1931

FDIC Insurance Date 08/15/1941

Domestic Offices 4

Total Branches 4

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 94/100

5.0

Exceptional Out of 5.0 Stars

12.77%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.9540%

Return on Equity (ROE) 10.7800%

Non-Performing Loans (NPL) 2.56%

Total Assets $113,143,000

Total Deposits $84,118,000

Equity Capital $28,822,000

Net Income $2,393,000

Headquarters Algona

Total Offices 4

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Frequently Asked Questions About Security State Bank Algona, IA

Is Security State Bank Algona, IA a safe place to deposit money?

Yes, Security State Bank Algona, IA is considered a safe financial institution. With a Texas Ratio of 12.766332100722%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Security State Bank Algona, IA operate?

Security State Bank Algona, IA currently maintains approximately 4 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Security State Bank Algona, IA does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Security State Bank Algona, IA provides members with tools to manage their accounts and build a solid financial history.

Does Security State Bank Algona, IA offer online and mobile banking?

Most modern institutions like Security State Bank Algona, IA provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.bankssb.com.