The Security State Bank

101 North Washington Avenue
Wellington, KS 67152

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12422
Date Established 1897
Assets $0.06 billion
Loans $0.02 billion
Deposits $0.05 billion
Capital $0.01 billion

The Security State Bank is an FDIC insured institution located in Wellington, KS. It was founded in 1897 and has approximately $0.06 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of The 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 The Security State Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial Real Estate.

Compared to other banks, The Security State 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 22.84
Multifamily
Mortgages
1.68
Credit Card Loans 0.00
Consumer Auto Loans 0.94
Small Business Loans 13.54
Construction and Development Loans 0.00
Commercial Real Estate 13.54
Commercial and Industrial Loans 8.79
Farm Loans 16.73

Deposit Rates - June 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.45% $2,500 - Learn MoreShow Less
6 Mo CD
0.50% $2,500 - Learn MoreShow Less
12 Mo CD
0.85% $1,000 - Learn MoreShow Less
18 Mo CD
0.95% $1,000 - Learn MoreShow Less
24 Mo CD
1.20% $1,000 - Learn MoreShow Less
30 Mo CD
1.30% $1,000 - Learn MoreShow Less
36 Mo CD
1.40% $1,000 - Learn MoreShow Less
48 Mo CD
1.50% $1,000 - Learn MoreShow Less
60 Mo CD
1.80% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.80% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.17% $500 - Learn MoreShow Less

Loan Rates - June 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The 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
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

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

Branches

The 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


The Security State Bank Locations


Financial Details

The Security State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The 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
The Security State Bank U.S. Bank Average
16.18% 6.97%

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 December 31, 2018, The Security State Bank had $978,000 in non-current loans and $156,000 in owned real estate. To cover these potential losses it had $6,384,000 in equity and $625,000 in loans loss reserves. That gives it a Texas Ratio of 16.18%.

Return on Equity
The Security State Bank U.S. Bank Average
1.18% 8.80%

The Security State Bank has a Return on Equity of 1.18% versus the BestCashCow average of 8.80%. 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
The Security State Bank U.S. Bank Average
11.41% 12.29%

The Security State Bank has a Capitalization of 11.41% versus the BestCashCow average of 12.29. 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.

The Security State Bank Balance Sheet Analysis

As of December 31, 2018, The Security State Bank had assets of $55,965,000, loans of $19,570,000, and deposits of $45,260,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.02 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 $0.05 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 84.50%
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 $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 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

Frequently Asked Questions About The Security State Bank

Branches and Savings

Is The Security State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12422.

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

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

Why are The Security State Bank CD rates not competitive?

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

Is The Security State Bank a commercial bank?

Yes

Where are The Security State Bank locations?

See branch locations nearby.

Is The Security State Bank open on Saturdays?

Is The Security State Bank open on Sundays?

What time does The Security State Bank open?

What time does The Security State Bank close?

Are The Security State Bank ATMs Open 24/7?

Do The Security State Bank ATMs accept cash deposits?

Can The Security State Bank customers use other ATMs?

Do The Security State Bank branches have notaries?

Will The Security State Bank notarize my document?

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

Will the The Security State Bank branch print checks?

Do The Security State Bank checks expire?

Does The Security State Bank require US citizenship to open account?

Can The Security State Bank close my account?

Does The Security State Bank Report to credit bureaus?

Does The Security State Bank Use Equifax?

What is The Security State Bank's ACH Routing Number?

What is The Security State Bank's SWIFT code?

Products

Does The Security State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Security State Bank offer personal loans?

Compare personal loan rates here.

Does The Security State Bank offer student loans?

Will The Security State Bank cash a check?

Will The Security State Bank redeem a savings bond?

Does The Security State Bank cash savings bonds?

Will The Security State Bank cash money orders?

Can The Security State Bank issue a money order?

Does The Security State Bank do currency exchange?

Background on The Bank

Who owns The Security State Bank?

How long has The Security State Bank been around?

Can The Security State Bank transfer to other banks?

Does The Security State Bank have quick pay?

Does The Security State Bank accept rolled coins?

Will The Security State Bank accept loose change?

Where is The Security State Bank headquarters?

Customer Reviews for The Security State Bank

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

Add Your Review

Rate it here →