Overview / Commentary
Northeast Security Bank is headquartered in Sumner and is the 58th largest bank in the state of Iowa. It is also the 1,898th largest bank in the nation. It was established in 1888 and as of June of 2021, it had grown to 54 employees at 9 locations. Northeast Security Bank has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18384 |
| Year Established | 1888 |
| Employees | 54 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.28% |
| Return on Equity - YTD | 11.5% |
| Annual Interest Income | $6.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $441.4MM$316.8MM |
| Loans | Q2 2021vs Q2 2020 | $220.6MM$190.5MM |
| Deposits | Q2 2021vs Q2 2020 | $364.4MM$252.5MM |
| Equity Capital | Q2 2021vs Q2 2020 | $48.7MM$38.0MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $3.0MM$2.9MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $136.00K$11.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |