Security Bank of Crawford is headquartered in CRAWFORD and is the 317th largest bank in the state of Texas. It is also the 3,688th largest bank in the nation. It was established in 1940 and as of March of 2023, it had grown to 18 employees at 2 locations. Security Bank of Crawford 's CD rates are 5X the national average, and it boasts an A+ health rating.
Great Bank
It was a very smooth process to get money moved into my account. The account was opened quickly and the interest rating is great. Look forward to supporting a small bank with my business
Great Bank....BUT !
Security Bank of Crawford is still a great bank however, like many other banks...They have reduced their interest rates from 3.50% APY to 3.00% APY on May 9th, 2020. And they lowered the number of Qualifying Debit Card transactions from 12 to only 6 (temporary?)
That is still a far better rate and fewer qualifying transactions than most banks....So they are a still a great bank !!
Today I got a letter that stated they are reducing the $35K limit down to $15K for the higher interest Kasasa checking accounts. That sucks and hurts more than the lowered interest rate. That is still better than most other banks, so all we can do is bite the bullet since most other banks have dropped their interest rates and lowered the maximum balance for the higher interest rates.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 15731 |
| Year Established | 1940 |
| Employees | 18 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.1% |
| Return on Equity - YTD | 11.47% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $124.6MM$105.8MM |
| Loans | Q1 2023vs Q1 2022 | $95.4MM$79.8MM |
| Deposits | Q1 2023vs Q1 2022 | $111.3MM$95.2MM |
| Equity Capital | Q1 2023vs Q1 2022 | $12.3MM$9.8MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $1.2MM$1.1MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $72.00K$41.00K |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |