Security Bank & Trust Company
Glencoe, Minnesota, Mcleod County
$1.3B in total assets, the 849th largest of 4,309 US banks and 13th of 225 headquartered in Minnesota.
- FDIC certificate
- 15324
- Established
- 1935
- Owned by
- Flagship Financial Group Inc
- Primary regulator
- FDIC
- Website
- www.security-banks.com
At a glance
Compared with 16 banks headquartered in Minnesota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.3B | 31% | $1.5B | |
| Loans | $865M | 31% | $984M | |
| Deposits | $1.2B | 38% | $1.3B | |
| Return on assets | 1.90% | 88% | 1.24% | |
| Net interest margin | 3.79% | 56% | 3.65% | |
| Efficiency ratio | 48.6% | 12% | 55.4% | |
| Equity to assets | 9.39% | 31% | 10.70% | |
| Loans to deposits | 72% | 19% | 84% |
Growth
Total assets grew 12.7% a year over the last 5 years and 9.9% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2024 | Flagship Bank Minnesota Wayzata, MN, an affiliate under the same holding company | $332M |
| Feb 2024 | Cambridge State Bank Cambridge, MN | $87M |
| Jul 2019 | State Bank of Hamburg Hamburg, MN | $22M |
| May 2014 | Security Bank Waconia Waconia, MN | $172M |
| Apr 2013 | Flagship Bank Winsted Winsted, MN, an affiliate under the same holding company | $39M |
| Jun 1992 | The First State Bank of Brownton Brownton, MN | $22M |
Where they operate
26 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Mcleod County, MN | $517M | 38.2% | 1 of 8 |
| Carver County, MN | $296M | 10.2% | 4 of 16 |
| Hennepin County, MN | $196M | 0.1% | 30 of 68 |
| Isanti County, MN | $148M | 25.2% | 3 of 5 |
| Anoka County, MN | $24M | 0.4% | 21 of 21 |
| Ramsey County, MN | $16M | 0.0% | 32 of 33 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 11 branches since 2016 (15 to 26, +73.3%). 1 opened, 11 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 15 | |||
| 2019 | Acquired State Bank of HamburgOpened Saint Paul | 2 | 0 | +2 | 17 |
| 2023 | Closed Bloomington | 0 | 1 | −1 | 16 |
| 2024 | Acquired Flagship Bank Minnesota and Cambridge State Bank | 10 | 0 | +10 | 26 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 33% | 32% | |
| 1-4 family residential | 22% | 23% | |
| Business (C&I) | 13% | 16% | |
| Multifamily | 12% | 10% | |
| Farmland | 8% | 3% | |
| Construction and land | 6% | 7% | |
| Agricultural | 6% | 2% | |
| Consumer | 1% | 2% | |
| Other | 1% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 60% | 52% | |
| Time deposits | 26% | 26% | |
| Noninterest-bearing | 14% | 22% |
Brokered deposits are 0.0% of deposits (peers 9.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.34% | 0.54% |
| Net charge-offs, annualized | 0.07% | 0.04% |
| Reserves to loans | 1.00% | 1.23% |
| Leverage ratio | 9.37% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Mcleod County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/security-bank-trust-glencoe-mn