Security Savings Bank


1015 Market
Gowrie, IA 50543
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.55% 1.15% →
2-Year CD 0.60% 1.26% →
5-Year CD 0.90% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

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.

FDIC Insured Yes
FDIC Certificate # 14208
Date Established 1914
Assets $ 132.73 million
Loans $ 80.37 million
Deposits $ 106.03 million
Capital $ 15.24 million

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.

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $1 - Learn More
Money Market
0.10% $2,500 $25,000 Learn More
Money Market
0.15% $25,001 $50,000 Learn More
3 Mo CD
0.15% $10,000 - Learn More
6 Mo CD
0.25% $10,000 $49,999 Learn More
12 Mo CD
0.55% $10,000 $49,999 Learn More
18 Mo CD
0.55% $10,000 $49,999 Learn More
24 Mo CD
0.60% $10,000 $49,999 Learn More
36 Mo CD
0.65% $10,000 - Learn More
48 Mo CD
0.75% $10,000 $49,999 Learn More
60 Mo CD
0.90% $10,000 $49,999 Learn More

Fixed IRA
0.50% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.25% $1 $10,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Security Savings Bank
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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 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
2.48% 6.51%

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 December 31, 2019, Security Savings Bank had $422,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,244,000 in equity and $1,766,000 in loans loss reserves. That gives it a Texas Ratio of 2.48%.

Return on Equity
Security Savings Bank U.S. Bank Average
12.9% 9.41%

Security Savings Bank has a Return on Equity of 12.9% versus the BestCashCow average of 9.41%. 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.

Security Savings Bank U.S. Bank Average
11.48% 12.82%

Security Savings Bank has a Capitalization of 11.48% versus the BestCashCow average of 12.82. 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, 2019, Security Savings Bank had assets of $132,733,000, loans of $80,365,000, and deposits of $106,034,000. 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

December 31, 2019
Cash & Balances due from depository institutions $ 6.77 million
Interest-bearing balances $ 4.28 million
Total securities $ 32.23 million
Federal funds sold and reverse repurchase $ 7.42 million
Net loans and leases $ 80.37 million
Loan loss allowance $ 1.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.11 million
All other assets $ 4.85 million
     Total Assets $ 117.49 million
Total deposits $ 106.03 million
      Interest-bearing deposits $ 88.79 million
      Deposits held in domestic offices $ 106.03 million
      % insured (estimated) 70.71%
Federal funds purchased and repurchase agreements $ 5.50 million
Trading liabilities N.A.
Other borrowed funds $ 4.75 million
Subordinated debt N.A.
All other liabilities $ 1.21 million
      Total Liabilities $ 117.49 million
      Shareholders’ Equity $ 15.24 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 5.30 million
Total Interest Expense $ 1.32 million
Net interest income $ 3.98 million
Provision for loan and lease losses $ 0.18 million
Total non interest income $ 0.66 million
Total non interest expense $ 2.86 million
Pre-tax Net Operating Income $ 1.60 million

Bank Loan Profile?

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

Compared to other banks, Security Savings 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.26
Credit Card Loans 0.00
Consumer Auto Loans 3.23
Small Business Loans 5.68
Construction and Development Loans 0.00
Commercial Real Estate 11.90
Commercial and Industrial Loans 6.79
Farm Loans 31.65

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?


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?


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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