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Overview / Commentary
101 North Washington
Wellington, KS 67152

The Security State Bank is headquartered in Wellington and is the 195th largest bank in the state of Kansas. It is also the 5,736th largest bank in the nation. It was established in 1897 and as of December of 2013, it had grown to 16 employees at 3 locations. The Security State Bank has a C+ health rating.

Reviews (1)


My husband and I have been banking through this bank since 2009, so for four years. Just within the first year, they screwed up our deposits. We put our checks in the bank and went to pay bills and get odds and ends for the house, and we ended up overdrafting $500 or so in the first day we got our checks. The reason for that was that they never added our money into the acct. They did five days later. We have overdrafted so many times just because of their mess ups. They don't like to add your money in when you put it in there; it's been almost 24 hours since we made a deposit, and it's still not in there. I recommend that NOBODY goes to this bank.  We have had so many problems that it's ridiculous. They do try to make it right once you confront them, but I am tired of not being able to do what I need to do with my money when I put the money in the bank. It's time to switch banks, and get ahold of the administrator. This is the last straw.


Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. The Security State Bank has a relatively low asset base.

Texas Ratio


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 The Security State Bank had $1.43 million in non-current loans and owned real-estate with $8.55 million in equity and loan loss allowances on hand to cover it. This gives The Security State Bank a Texas Ratio of 16.74% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for The Security State Bank increased slightly from 10.88% as of December 31, 2012 to 16.74% as of December 31, 2013, resulting in a negative change of 53.76%. This indicates that the balance sheet and financial strength for The Security State Bank has declined slightly in recent periods.

Deposit Growth


In the past year, The Security State Bank has decreased its total deposits by -$2.02 million, resulting in -3.75% 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 State Bank has shown is below average.



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 State Bank has $60.47 million in assets with $8.55 million in equity, resulting in a capitalization level of 14.14%, which is excellent.

Institution Statistics

FDIC Certificate #12422
Year Established1897
Primary RegulatorFDIC
Assets and Liabilities
Assets$60.47 million
Loans$35.97 million
Deposits$51.94 million
Equity Capital$7.44 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$1.33 million
Real Estate Owned$101,000
Historic Data - December 2012
Assets$63.73 million
Equity Capital$7.97 million
Loan Loss Allowance$629,000
Unbacked Noncurrent Loans$1.33 million
Real Estate Owned$31,000
Profit Margin - Quarterly
Net Interest Margin4.37%
Return on Assets0.08%
Return on Equity0.63%
Interest Income$2.80 million

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The Security State Bank Locations
The Security State Bank101 North Washington AvenueWellington, KS 67152
Wellington Branch113 East HarveyWellington, KS 67152
The Security State Bank2022 E. 16th StreetWellington, KS 67152