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Overview / Commentary
432-570-9330
600 N Marienfeld, Ste. 200
Midland, TX 79701

Security Bank is headquartered in Midland and is the 64th largest bank in the state of Texas. It is also the 827th largest bank in the nation. It was established in 1928 and as of June of 2014, it had grown to 162 employees at 13 locations. Security Bank has a A+ health rating.

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Health

Data for Q2 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 June 30, 2014 Security Bank had $2.74 million in non-current loans and owned real-estate with $100.66 million in equity and loan loss allowances on hand to cover it. This gives Security Bank a Texas Ratio of 2.72% 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 experienced no significant changes from 2.53% as of June 30, 2013 to 2.72% as of June 30, 2014, resulting in a negative change of 7.70%. This indicates that the balance sheet and financial strength for Security Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Security Bank has increased its total deposits by $45.75 million, resulting in 6.83% 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.

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 has $820.33 million in assets with $100.66 million in equity, resulting in a capitalization level of 12.27%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13408
Year Established1928
Employees162
Primary RegulatorFDIC
Assets and Liabilities
Assets$820.33 million
Loans$531.94 million
Deposits$715.83 million
Equity Capital$92.40 million
Loan Loss Allowance$8.26 million
Unbacked Noncurrent Loans$2.68 million
Real Estate Owned$58,000
Historic Data - June 2013
Assets$763.72 million
Equity Capital$83.21 million
Loan Loss Allowance$6.93 million
Unbacked Noncurrent Loans$2.68 million
Real Estate Owned$201,000
Profit Margin - Quarterly
Return on Assets2.29%
Return on Equity20.55%
Interest Income$20.88 million
Rates
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Security Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$25kRealSaver - Qualifying
0.01%--RealSaver - Non Qualifying

Security Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.51%-$25kReward Checking - Qualifying
1.50%-$25kRealRewards Checking - Qualifying
0.01%--Reward Checking - Non Qualifying
0.01%--RealRewards Checking - Non Qualifying
Locations

Security Bank has 13 locations. Click to view all Security Bank locations.