Northeast Security Bank

Headquarters

108 North Carpenter
Sumner, IA 50674
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.35% 1.01% →
2-Year CD 0.45% 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Northeast Security Bank is an FDIC insured institution located in Sumner, IA. It was founded in 1888 and has approximately $0.29 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 18384
Date Established 1888
Assets $ 290.78 million
Loans $ 176.98 million
Deposits $ 227.19 million
Capital $ 37.11 million
 

For a more detailed analysis of Northeast Security Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Northeast Security Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Northeast Security Bank
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Branches

Northeast Security Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Northeast Security Bank Locations


Financial Details

Northeast Security Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northeast Security Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northeast Security Bank U.S. Bank Average
0.03% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Northeast Security Bank had $11,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $37,107,000 in equity and $2,826,000 in loans loss reserves. That gives it a Texas Ratio of 0.03%.

Return on Equity
Northeast Security Bank U.S. Bank Average
8.59% 7.80%

Northeast Security Bank has a Return on Equity of 8.59% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Northeast Security Bank U.S. Bank Average
12.76% 12.68%

Northeast Security Bank has a Capitalization of 12.76% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Northeast Security Bank Balance Sheet Analysis

As of March 31, 2020, Northeast Security Bank had assets of $290,784,000, loans of $176,976,000, and deposits of $227,192,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 24.19 million
Interest-bearing balances $ 20.02 million
Total securities $ 69.93 million
Federal funds sold and reverse repurchase $ 2.77 million
Net loans and leases $ 176.98 million
Loan loss allowance $ 2.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.76 million
All other assets $ 10.10 million
     Total Assets $ 253.68 million
LIABILITIES
Total deposits $ 227.19 million
      Interest-bearing deposits $ 174.44 million
      Deposits held in domestic offices $ 227.19 million
      % insured (estimated) 74.02%
Federal funds purchased and repurchase agreements $ 1.44 million
Trading liabilities N.A.
Other borrowed funds $ 22.75 million
Subordinated debt N.A.
All other liabilities $ 2.30 million
      Total Liabilities $ 253.68 million
      Shareholders’ Equity $ 37.11 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.73 million
Total Interest Expense $ 0.62 million
Net interest income $ 2.10 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.39 million
Total non interest expense $ 1.48 million
Pre-tax Net Operating Income $ 0.99 million

Bank Loan Profile?

The top three loan types in Northeast Security Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Northeast Security Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.00
Multifamily
Mortgages
4.39
Credit Card Loans 0.00
Consumer Auto Loans 0.57
Small Business Loans 0.00
Construction and Development Loans 2.75
Commercial Real Estate 6.28
Commercial and Industrial Loans 12.44
Farm Loans 28.43

Frequently Asked Questions About Northeast Security Bank

Branches and Savings

Is Northeast Security Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18384.

Why does Northeast Security Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northeast Security Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northeast Security Bank a commercial bank?

Yes

Where are Northeast Security Bank locations?

See branch locations nearby.

Is Northeast Security Bank open on Saturdays?

Is Northeast Security Bank open on Sundays?

What time does Northeast Security Bank open?

What time does Northeast Security Bank close?

Are Northeast Security Bank ATMs Open 24/7?

Do Northeast Security Bank ATMs accept cash deposits?

Can Northeast Security Bank customers use other ATMs?

Do Northeast Security Bank branches have notaries?

Will Northeast Security Bank notarize my document?

What address for Northeast Security Bank should I put for incoming ACH transfers?

Will the Northeast Security Bank branch print checks?

Do Northeast Security Bank checks expire?

Does Northeast Security Bank require US citizenship to open account?

Can Northeast Security Bank close my account?

Does Northeast Security Bank Report to credit bureaus?

Does Northeast Security Bank Use Equifax?

What is Northeast Security Bank's ACH Routing Number?

What is Northeast Security Bank's SWIFT code?

Products

Does Northeast Security Bank offer mortgages?

Compare mortgage rates here.

Does Northeast Security Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northeast Security Bank offer personal loans?

Compare personal loan rates here.

Does Northeast Security Bank offer student loans?

Will Northeast Security Bank cash a check?

Will Northeast Security Bank redeem a savings bond?

Does Northeast Security Bank cash savings bonds?

Will Northeast Security Bank cash money orders?

Can Northeast Security Bank issue a money order?

Does Northeast Security Bank do currency exchange?

Background on The Bank

Who owns Northeast Security Bank?

How long has Northeast Security Bank been around?

Can Northeast Security Bank transfer to other banks?

Does Northeast Security Bank have quick pay?

Does Northeast Security Bank accept rolled coins?

Will Northeast Security Bank accept loose change?

Where is Northeast Security Bank headquarters?

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