Security State Bank

1 East State Street
Algona, IA 50511

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15839
Date Established 1931
Assets $0.11 billion
Loans $0.08 billion
Deposits $0.09 billion
Capital $0.02 billion

Security State Bank is an FDIC insured institution located in Algona, IA. It was founded in 1931 and has approximately $0.11 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Security State 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 State Bank’s loan portfolio are Commercial Real Estate, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Iowa, Security State Bank has a significantly higher percent of Commercial Real Estate 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 5.05
Multifamily
Mortgages
1.89
Credit Card Loans 0.00
Consumer Auto Loans 0.69
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 37.23
Commercial and Industrial Loans 15.04
Farm Loans 22.34

Deposit Rates - January 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1,000 - Learn MoreShow Less
Premium Money Market Account
0.50% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.00% $500 - Learn MoreShow Less
6 Mo CD
1.26% $500 - Learn MoreShow Less
12 Mo CD
1.51% $500 - Learn MoreShow Less
18 Mo CD
1.61% $500 - Learn MoreShow Less
24 Mo CD
1.76% $500 - Learn MoreShow Less
30 Mo CD
1.86% $500 - Learn MoreShow Less
36 Mo CD
2.02% $500 - Learn MoreShow Less
48 Mo CD
2.27% $500 - Learn MoreShow Less
60 Mo CD
2.52% $500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
1.76% $200 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1,000 - Learn MoreShow Less

Loan Rates - January 18, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Security State 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
First Internet Bank
NMLS ID: 424182
4.377% 4.375% 0.00 $50 $1,249 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender Rate (%) Monthly Payment Learn More

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

Branches

Security State 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 State Bank Locations

Financial Details

Security State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Security State 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 State Bank U.S. Bank Average
3.11% 7.34%

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, 2018, Security State Bank had $551,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,138,000 in equity and $1,586,000 in loans loss reserves. That gives it a Texas Ratio of 3.11%.

Return on Equity
Security State Bank U.S. Bank Average
10.27% 9.95%

Security State Bank has a Return on Equity of 10.27% versus the BestCashCow average of 9.95%. 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 State Bank U.S. Bank Average
15.19% 12.19%

Security State Bank has a Capitalization of 15.19% versus the BestCashCow average of 12.19. 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 State Bank Balance Sheet Analysis

As of September 30, 2018, Security State Bank had assets of $106,239,000, loans of $81,797,000, and deposits of $90,006,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.08 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 $0.09 billion
LIABILITIES
Total deposits $0.09 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.09 billion
      % insured (estimated) 72.32%
Federal funds purchased and repurchase agreements $0.00 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 $0.09 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

September 30, 2018
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

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