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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 66th largest bank in the state of Texas. It is also the 834th largest bank in the nation. It was established in 1928 and as of December of 2013, it had grown to 160 employees at 14 locations. Security Bank has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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, 2013 Security Bank had $1.84 million in non-current loans and owned real-estate with $96.72 million in equity and loan loss allowances on hand to cover it. This gives Security Bank a Texas Ratio of 1.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Security Bank decreased dramatically from 3.01% as of December 31, 2012 to 1.90% as of December 31, 2013, resulting in a positive change of 37.01%.This indicates that the balance sheet and financial strength for Security Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Security Bank has increased its total deposits by $43.72 million, resulting in 6.55% 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.

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 $809.89 million in assets with $96.72 million in equity, resulting in a capitalization level of 11.94%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13408
Year Established1928
Employees160
Primary RegulatorFDIC
Assets and Liabilities
Assets$809.89 million
Loans$545.88 million
Deposits$711.47 million
Equity Capital$89.16 million
Loan Loss Allowance$7.56 million
Unbacked Noncurrent Loans$1.68 million
Real Estate Owned$152,000
Historic Data - December 2012
Assets$761.50 million
Equity Capital$85.49 million
Loan Loss Allowance$6.54 million
Unbacked Noncurrent Loans$1.68 million
Real Estate Owned$249,000
Profit Margin - Quarterly
Net Interest Margin5.56%
Return on Assets2.1%
Return on Equity19.02%
Interest Income$39.08 million
Rates
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Security Bank Savings Account Rates

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

Security Bank Checking Account Rates

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

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