Security Bank

Security Bank Locations
110 E. 7th St.
Odessa, TX 79760
432.652.8661
www.mysbank.com

Security Bank is headquartered in Odessa and is the 69th largest bank in the state of Texas. It is also the 963rd largest bank in the nation. It was established in 1928 and as of March of 2012, it had grown to 149 employees at 13 locations. Security Bank's savings rates are 94% higher than the national average, and it boasts a 5-star health rating.

Security Bank Routing Number: 111321270

Related Posts

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 :(

Top Reward Checking and Savings Combo at Security Bank - Texas Only - 8/16/2011

I first mentioned Security Bank 's reward checking and savings account in my review of the best reward checking accounts for large balances . I realized that I have not done a review specifically on t ...

2011




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See Rates for: Checking | Savings

Security Bank Checking Account Rates

ApyMinMaxProduct
2.54%-$25kReward Checking
2.51%-$25kRealRewards Checking

Security Bank Savings Account Rates

ApyMinMaxProduct
1.01%-$25kRealSaver

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Security Bank
FDIC Certificate #13408
BankRate ReportView
Year Established1928
Employees149
Primary RegulatorFDIC

Assets and Liabilities

Assets$685.67 million
Loans$410.17 million
Deposits$599.61 million
Equity Capital$78.01 million
Loan Loss Allowance$5.53 million
Unbacked Noncurrent Loans$2.73 million
Real Estate Owned$568,000

Historic Data - March 2011

Assets$511.43 million
Equity Capital$69.80 million
Loan Loss Allowance$4.69 million
Unbacked Noncurrent Loans$565,000
Real Estate Owned$1.56 million

Profit Margin - Quarterly

Net Interest Margin5.18%
Return on Assets2.02%
Return on Equity17.8%
Interest Income$8.15 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 March 31, 2012 Security Bank had $3.3 million in non-current loans and owned real-estate with $83.54 million in equity and loan loss allowances on hand to cover it. This gives Security Bank a Texas Ratio of 3.95% 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 2.99% as of March 31, 2011 to 3.95% as of March 31, 2012, resulting in a negative change of 32.21%. 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 $162.93 million, resulting in 37.31% 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 $685.67 million in assets with $83.54 million in equity, resulting in a capitalization level of 12.18%, which is excellent.
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