SBA lender profile
Security Savings Bank
Security Savings Bank appears in the public SBA loan data with 29 funded 7(a) loans totaling $7.0M, an average of $241K per loan, and an estimated 299 jobs supported. Its SBA lending concentrates in Iowa and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
29
Total volume
$7.0M
Average loan size
$241K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
299
Programs
7(a)
Bank profile
via FDIC- Total assets
- $199M
- Headquarters
- Gowrie, IA
- FDIC cert
- #14208
- Status
- Active
Where Security Savings Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Iowa | 11 | $3.7M |
| South Dakota | 12 | $2.4M |
| Minnesota | 6 | $941K |
What Security Savings Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 3 | $2.4M |
| Other Services | 6 | $1.7M |
| Accommodation and Food Services | 2 | $1.0M |
| Manufacturing | 4 | $600K |
| Transportation and Warehousing | 7 | $503K |
| Administrative and Support | 2 | $255K |
Security Savings Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 4 | $2.5M |
| 2021 | 8 | $1.1M |
| 2022 | 8 | $1.1M |
| 2023 | 6 | $1.7M |
| 2024 | 3 | $634K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Security Savings Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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