Security Federal Bank

632 Elk Avenue
Elizabethton, TN 37643

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31381
Date Established 1962
Assets $0.07 billion
Loans $0.05 billion
Deposits $0.05 billion
Capital $0.01 billion

Security Federal Bank is an FDIC insured institution located in Elizabethton, TN. It was founded in 1962 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

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

Deposit Rates - September 15, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.32% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
1.85% $500 - Learn MoreShow Less
18 Mo CD
1.85% $500 - Learn MoreShow Less
24 Mo CD
1.80% $500 - Learn MoreShow Less
30 Mo CD
1.90% $500 - Learn MoreShow Less
36 Mo CD
2.00% $500 - Learn MoreShow Less
48 Mo CD
2.05% $500 - Learn MoreShow Less
60 Mo CD
2.10% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.65% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - September 15, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Security Federal Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Security Federal Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Security Federal 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:
Seattle,Washington


Security Federal Bank Locations


Financial Details

Security Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Security Federal 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
Security Federal Bank U.S. Bank Average
6.61% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Security Federal Bank had $666,000 in non-current loans and $24,000 in owned real estate. To cover these potential losses it had $9,994,000 in equity and $449,000 in loans loss reserves. That gives it a Texas Ratio of 6.61%.

Return on Equity
Security Federal Bank U.S. Bank Average
1.97% 9.47%

Security Federal Bank has a Return on Equity of 1.97% versus the BestCashCow average of 9.47%. 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
Security Federal Bank U.S. Bank Average
14.64% 12.49%

Security Federal Bank has a Capitalization of 14.64% versus the BestCashCow average of 12.49. 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.

Security Federal Bank Balance Sheet Analysis

As of March 31, 2019, Security Federal Bank had assets of $68,276,000, loans of $46,184,000, and deposits of $51,168,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.06 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 78.45%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.06 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Security Federal Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Tennessee, Security Federal Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

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 48.75
Multifamily
Mortgages
8.59
Credit Card Loans 0.00
Consumer Auto Loans 1.42
Small Business Loans 0.00
Construction and Development Loans 15.39
Commercial Real Estate 17.27
Commercial and Industrial Loans 3.27
Farm Loans 0.00

Frequently Asked Questions About Security Federal Bank

Branches and Savings

Is Security Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31381.

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

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

Why are Security Federal Bank CD rates not competitive?

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

Is Security Federal Bank a commercial bank?

Yes

Where are Security Federal Bank locations?

See branch locations nearby.

Is Security Federal Bank open on Saturdays?

Is Security Federal Bank open on Sundays?

What time does Security Federal Bank open?

What time does Security Federal Bank close?

Are Security Federal Bank ATMs Open 24/7?

Do Security Federal Bank ATMs accept cash deposits?

Can Security Federal Bank customers use other ATMs?

Do Security Federal Bank branches have notaries?

Will Security Federal Bank notarize my document?

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

Will the Security Federal Bank branch print checks?

Do Security Federal Bank checks expire?

Does Security Federal Bank require US citizenship to open account?

Can Security Federal Bank close my account?

Does Security Federal Bank Report to credit bureaus?

Does Security Federal Bank Use Equifax?

What is Security Federal Bank's ACH Routing Number?

What is Security Federal Bank's SWIFT code?

Products

Does Security Federal Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Security Federal Bank offer personal loans?

Compare personal loan rates here.

Does Security Federal Bank offer student loans?

Will Security Federal Bank cash a check?

Will Security Federal Bank redeem a savings bond?

Does Security Federal Bank cash savings bonds?

Will Security Federal Bank cash money orders?

Can Security Federal Bank issue a money order?

Does Security Federal Bank do currency exchange?

Background on The Bank

Who owns Security Federal Bank?

How long has Security Federal Bank been around?

Can Security Federal Bank transfer to other banks?

Does Security Federal Bank have quick pay?

Does Security Federal Bank accept rolled coins?

Will Security Federal Bank accept loose change?

Where is Security Federal Bank headquarters?

Customer Reviews for Security Federal Bank

There are currently no comments for Security Federal Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →