110 East 7th Street
Odessa, TX 79760
432.652.8661
www.mysbank.com

FDIC


Security Bank is headquartered in Odessa and is the 68th largest bank in the state of Texas. It is also the 885th largest bank in the nation. It was established in 1928 and as of December of 2012, it had grown to 161 employees at 13 locations. Security Bank's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

Security Bank Routing Number: 111321270

Related Posts

Security Bank (TX) RCA (2.54%, $25K) To (2.02%,$25K) (Forum) - 11/2/2012

The change for the Rewards Checking account was effective 11/1/12.   The RealRewards with Saver account dropped to 2%.  There was no notice to account holders of these changes.

Cap Drop At Security Bank (TX) (Forum) - 11/3/2011

Just got a snail mail today. Effective 12/1/2011, Security Bank (Odessa, TX) is dropping the cap on its reward checking account from 50K to 25K

Security Bank (TX) Drops RCA Rate (2.54%APY, 2.51%/1.01%APY RR Withsaver) (Forum) - 10/4/2011

Rates have dropped again effective 10/1 per conversation with CSR.  The website is now reflecting the most current rates: Rewards checking:  2.54%APY Real Rewards with Saver:  2.51%APY / 1.01%APY on the Saver account.  Cap contin

Security Bank Of Texas Rate Cuts (Forum) - 9/1/2011

Hate being bearer of bad news, but Security Bank of texas cut its RCA rate to 2.97% from 3.23% and Real saver to 1.47% from 1.83. I just opened an account with them and am disappointed :(

2011




See Rates for: Checking | Savings

Security Bank Checking Account Rates

ApyMinMaxProduct
2.02%-$25kReward Checking
2.00%-$25kRealRewards Checking

Security Bank Savings Account Rates

ApyMinMaxProduct
0.75%-$25kRealSaver

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Security Bank
FDIC Certificate #13408
BankRate ReportView
Year Established1928
Employees161
Primary RegulatorFDIC

Assets and Liabilities

Assets$761.50 million
Loans$472.14 million
Deposits$667.74 million
Equity Capital$85.49 million
Loan Loss Allowance$6.54 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$249,000

Historic Data - December 2011

Assets$671.27 million
Equity Capital$75.59 million
Loan Loss Allowance$5.09 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$782,000

Profit Margin - Quarterly

Net Interest Margin5.34%
Return on Assets1.9%
Return on Equity16.75%
Interest Income$34.70 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Security Bank had $2.66 million in non-current loans and owned real-estate with $92.03 million in equity and loan loss allowances on hand to cover it. This gives Security Bank a Texas Ratio of 2.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Security Bank held steady from 2.47% as of December 31, 2011 to 2.89% as of December 31, 2012, resulting in a negative change of 17.00%. This indicates that the balance sheet and financial strength for Security Bank has held steady in recent periods.
Deposit Growth5
In the past year, Security Bank has increased its total deposits by $79.69 million, resulting in 13.55% 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 has shown is excellent.
Capitalization5
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 has $761.5 million in assets with $92.03 million in equity, resulting in a capitalization level of 12.08%, which is excellent.
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