Security Savings Bank

1015 Market
Gowrie, IA 50543

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14208
Date Established 1914
Assets $0.13 billion
Loans $0.07 billion
Deposits $0.11 billion
Capital $0.01 billion

Security Savings Bank is an FDIC insured institution located in Gowrie, IA. It was founded in 1914 and has approximately $0.13 billion in assets. Customers can open an account at one of its 6 branches.

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

Bank Loan Profile?

The top three loan types in Security Savings Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Iowa, Security Savings Bank has a significantly higher percent of Small Business Loans 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 22.19
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.71
Small Business Loans 13.35
Construction and Development Loans 0.00
Commercial Real Estate 13.35
Commercial and Industrial Loans 7.87
Farm Loans 30.53

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $10,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.35% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.25% $1 $10,000 Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $2,500 $25,000 Learn MoreShow Less
MM 25K
0.15% $25,001 $50,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Security Savings Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.436% 4.375% 0.38 $1,912 $1,249 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More

Note to Security Savings Bank
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Branches

Security Savings 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:
Ashburn,Virginia


Security Savings Bank Locations

Financial Details

Security Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Security Savings 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 Savings Bank U.S. Bank Average
2.03% 8.32%

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 September 30, 2017, Security Savings Bank had $88,000 in non-current loans and $200,000 in owned real estate. To cover these potential losses it had $12,571,000 in equity and $1,597,000 in loans loss reserves. That gives it a Texas Ratio of 2.03%.

Return on Equity
Security Savings Bank U.S. Bank Average
12.7% 8.84%

Security Savings Bank has a Return on Equity of 12.7% versus the BestCashCow average of 8.84%. 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 Savings Bank U.S. Bank Average
9.84% 12.21%

Security Savings Bank has a Capitalization of 9.84% versus the BestCashCow average of 12.21. 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 Savings Bank Balance Sheet Analysis

As of December 31, 2017, Security Savings Bank had assets of $127,788,000, loans of $73,228,000, and deposits of $105,381,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 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 $0.12 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.09 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 74.24%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.12 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

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

Frequently Asked Questions About Security Savings Bank

Branches and Savings

Is Security Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14208.

Why does Security Savings 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 Savings Bank CD rates not competitive?

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

Is Security Savings Bank a commercial bank?

Yes

Where are Security Savings Bank locations?

See branch locations nearby.

Is Security Savings Bank open on Saturdays?

Is Security Savings Bank open on Sundays?

What time does Security Savings Bank open?

What time does Security Savings Bank close?

Are Security Savings Bank ATMs Open 24/7?

Do Security Savings Bank ATMs accept cash deposits?

Can Security Savings Bank customers use other ATMs?

Do Security Savings Bank branches have notaries?

Will Security Savings Bank notarize my document?

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

Will the Security Savings Bank branch print checks?

Do Security Savings Bank checks expire?

Does Security Savings Bank require US citizenship to open account?

Can Security Savings Bank close my account?

Does Security Savings Bank Report to credit bureaus?

Does Security Savings Bank Use Equifax?

What is Security Savings Bank's ACH Routing Number?

What is Security Savings Bank's SWIFT code?

Products

Does Security Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Security Savings Bank offer personal loans?

Compare personal loan rates here.

Does Security Savings Bank offer student loans?

Will Security Savings Bank cash a check?

Will Security Savings Bank redeem a savings bond?

Does Security Savings Bank cash savings bonds?

Will Security Savings Bank cash money orders?

Can Security Savings Bank issue a money order?

Does Security Savings Bank do currency exchange?

Background on The Bank

Who owns Security Savings Bank?

How long has Security Savings Bank been around?

Can Security Savings Bank transfer to other banks?

Does Security Savings Bank have quick pay?

Does Security Savings Bank accept rolled coins?

Will Security Savings Bank accept loose change?

Where is Security Savings Bank headquarters?

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