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The Security National Bank of Sioux City, Iowa

Based on 1 review
Overview / Commentary
601 Pierce Street
Sioux City, IA 51102

The Security National Bank of Sioux City, Iowa is headquartered in Sioux City and is the 15st largest bank in the state of Iowa. It is also the 752nd largest bank in the nation. It was established in 1884 and as of March of 2014, it had grown to 182 employees at 6 locations. The Security National Bank of Sioux City, Iowa's savings rates are 92% higher than the national average, and it boasts a A+ health rating.

Reviews (1)

Banking Issues

the worst bank there is besides wells fargo, i could gon on for hours so people beware this bank will screw you bad



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 The Security National Bank of Sioux City, Iowa had $1.58 million in non-current loans and owned real-estate with $95.46 million in equity and loan loss allowances on hand to cover it. This gives The Security National Bank of Sioux City, Iowa a Texas Ratio of 1.66% 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 The Security National Bank of Sioux City, Iowa experienced no significant changes from 1.64% as of March 31, 2013 to 1.66% as of March 31, 2014, resulting in a negative change of 1.33%. This indicates that the balance sheet and financial strength for The Security National Bank of Sioux City, Iowa has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Security National Bank of Sioux City, Iowa has increased its total deposits by $74.34 million, resulting in 11.86% 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 The Security National Bank of Sioux City, Iowa has shown is excellent.

Capitalization

GRADE:
B+

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. The Security National Bank of Sioux City, Iowa has $900.27 million in assets with $95.46 million in equity, resulting in a capitalization level of 10.60%, which is above average.

Institution Statistics

Overall
FDIC Certificate #4506
Year Established1884
Employees182
Primary RegulatorOCC
Assets and Liabilities
Assets$900.27 million
Loans$452.50 million
Deposits$701.09 million
Equity Capital$83.68 million
Loan Loss Allowance$11.78 million
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$262,000
Historic Data - March 2013
Assets$820.69 million
Equity Capital$77.59 million
Loan Loss Allowance$11.93 million
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.66%
Return on Assets1.1%
Return on Equity11.59%
Interest Income$5.83 million
Rates

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The Security National Bank of Sioux City, Iowa Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$10k-Health Savings Account
0.45%--Variable Rate IRA
0.11%$500-S.O.S.
0.05%--Regular Savings Account

The Security National Bank of Sioux City, Iowa Money Market Rates

DetailsAPYMINMAXPRODUCT
0.14%$100k-MMGA Savings
0.05%$2,500$10kMMGA Commercial

The Security National Bank of Sioux City, Iowa Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Premiere Checking
0.05%--Checking with Interest

The Security National Bank of Sioux City, Iowa CD Rates

DetailsAPYMINMAXPRODUCT
1.35%--5 Year CD PLUS
0.95%--4 Year CD PLUS
0.85%--5 Year CD
0.65%--30 Month CD PLUS
0.45%--4 Year CD
0.45%--18 Month CD PLUS
0.45%--24 Month CD PLUS
0.40%--14 Month CD PLUS
0.30%--1 Year CD PLUS
0.25%--10 Month CD PLUS
0.20%--8 Month CD PLUS
0.15%--30 Month CD
0.15%--182 Day CD PLUS
0.10%--8 Month CD
0.10%--10 Month CD
0.10%--1 Year CD
0.10%--14 Month CD
0.10%--18 Month CD
0.10%--24 Month CD
0.10%--91 Day CD PLUS
0.05%--91 Day CD
0.05%--182 Day CD

The Security National Bank of Sioux City, Iowa IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%--5 Year IRAPLUS
0.95%--4 Year IRA PLUS
0.85%--5 Year IRA
0.65%--30 Month IRA PLUS
0.45%--18 Month IRA PLUS
0.45%--24 Month IRA PLUS
0.45%--4 Year IRA
0.40%--14 Month IRA PLUS
0.30%--1 Year IRA PLUS
0.25%--10 Month IRA PLUS
0.20%--8 Month IRA PLUS
0.15%--182 Day IRA PLUS
0.15%--30 Month IRA
0.10%--91 Day IRA PLUS
0.10%--8 Month IRA
0.10%--10 Month IRA
0.10%--1 Year IRA
0.10%--14 Month IRA
0.10%--18 Month IRA
0.10%--24 Month IRA
0.05%--91 Day IRA
0.05%--182 Day IRA
Locations


The Security National Bank of Sioux City, Iowa Locations
Akron Branch251 Reed StreetAkron, IA 51001
Westside Branch2827 Hamilton BoulevardSioux City, IA 51104
Mapleton Branch313 North Fourth StreetMapleton, IA 51034
Northside Branch3131 Floyd BoulevardSioux City, IA 51105
The Security National Bank Of Sioux City, Iowa601 Pierce StreetSioux City, IA 51102
Morningside BranchSergeant and South Lakeport RoadsSioux City, IA 51106