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Overview / Commentary
918-664-6100
10727 East 51st Street South
Tulsa, OK 74146

Security Bank (OK) is headquartered in Tulsa and is the 26th largest bank in the state of Oklahoma. It is also the 1,414st largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 44 employees at 1 location. Security Bank (OK) has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Security Bank (OK) had $1.75 million in non-current loans and owned real-estate with $58.96 million in equity and loan loss allowances on hand to cover it. This gives Security Bank (OK) a Texas Ratio of 2.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Security Bank (OK) experienced no significant changes from 0.48% as of March 31, 2013 to 2.96% as of March 31, 2014, resulting in a negative change of 522.10%. This indicates that the balance sheet and financial strength for Security Bank (OK) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Security Bank (OK) has increased its total deposits by $26.2 million, resulting in 6.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Security Bank (OK) has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Security Bank (OK) has $476.89 million in assets with $58.96 million in equity, resulting in a capitalization level of 12.36%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #4178
Year Established1902
Employees44
Primary RegulatorFED
Assets and Liabilities
Assets$476.89 million
Loans$373.06 million
Deposits$415.48 million
Equity Capital$50.59 million
Loan Loss Allowance$8.37 million
Unbacked Noncurrent Loans$1.24 million
Real Estate Owned$511,000
Historic Data - March 2013
Assets$442.08 million
Equity Capital$46.71 million
Loan Loss Allowance$8.09 million
Unbacked Noncurrent Loans$1.24 million
Real Estate Owned$40,000
Profit Margin - Quarterly
Net Interest Margin4.24%
Return on Assets2.32%
Return on Equity21.7%
Interest Income$5.57 million
Rates
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Security Bank (OK) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Security Savings

Security Bank (OK) Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.05%-$15kSecurity Bonus Checking - Qualifying
0.45%--Security Senior Checking
0.40%$50k-Security NOW Checking
0.10%--Security Bonus Checking - Non Qualifying

Security Bank (OK) CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$2k-60 Month CD
1.25%$2k-48 Month CD
1.15%$2k-36 Month CD
0.95%$2k-24 Month CD
0.70%$2k-18 Month CD
0.60%$2k-12 Month CD
0.50%$2k-182 Day CD
0.45%$2k-30 Day CD
0.45%$2k-90 Day CD

Security Bank (OK) IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$2k-60 Month IRA
1.25%$2k-48 Month IRA
1.15%$2k-36 Month IRA
0.95%$2k-24 Month IRA
0.70%$2k-18 Month IRA
0.65%$2k-12 Month IRA
0.50%$2k-182 Day IRA
Locations


Security Bank (OK) Locations
Security Bank10727 East 51st Street SouthTulsa, OK 74146