Security Bank (OK)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.25%	Reward Checking	Security Bonus Checking 2.00% - National Average
2.50%	5-year CD	60 Month CD 3.00% - American Express National Bank 60 Month CD
1.85%	1-year CD	12 Month CD 2.45% - Synchrony Bank 12 Month CD

View all Security Bank (OK) rates »

Overview / Commentary

www.sbtulsa.bank

918-664-6100

10727 East 51st Street South
Tulsa, OK 74146

Security Bank (OK) is headquartered in Tulsa and is the 27^th largest bank in the state of Oklahoma. It is also the 1,281^st largest bank in the nation. It was established in 1902 and as of June of 2018, it had grown to 50 employees at 1 location. Security Bank (OK)'s money market rates are 3X the national average, and it boasts an A+ health rating.

Reward Checking

Posted by: elarh | Apr 27, 2018

Just got a letter in the mail. Security Bank (OK) is increasing the rate and eligible balance for its reward checking account. Effective May 25, 2018:

Rates:

2.23% (2.25% APY) for balances up to $50,000
0.30% on balances over $50,000
0.10% when requirements are not met

Qualifications:

1 direct deposit or ACH transaction
10 debit card purchases of $3 or more
be enrolled and review e-statements

Other:

Two account limit per household

Comment

1

Inconveniences Increasing For Bonus (Reward) Checking

Posted by: aremesbo | Jun 8, 2018

This has been a good bank with which to deal. Online banking is fine, and the people are friendly. ACH transfers are more limited than i'd like them to be, but I have done banking with them now for several years, even when they lowered their maximum deposit amounts for their reward checking program. Now they have greatly INcreased their maximum deposit amount to the point where it was going to have been worth the wait: $50,000. But just when it looked good, they added this: purchases only count toward your monthly eligibility for the high-interest rate if those purchases are OVER $3 each. I don't know about the rest of you, but this is now a lot of work keeping track of how many purchases you have made each month over $3. If you are in Tulsa, and Security is your primary bank, and you use your debit card for most things and are not needing to keep track of purchases, then by all means sign up for Bonus Checking. But if you are a national customer with multiple accounts around the country, this reward program is now unwieldy and customer unfriendly -- moreso than the average reward checking account. They have politely said that they consider themselves competitive -- but this is NOT true in my experience. Disappointing for someone who has been with them for several years.

1

Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	4178
Year Established	1902
Employees	50
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	2.04%
Return on Equity - YTD	17.31%
Annual Interest Income	$13.8MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$558.6MM$543.1MM
Loans	Q2 2018vs Q2 2017	$457.5MM$455.6MM
Deposits	Q2 2018vs Q2 2017	$482.6MM$466.0MM
Equity Capital	Q2 2018vs Q2 2017	$65.3MM$61.4MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$10.1MM$11.4MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$640.00K$2.8MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Security Bank (OK) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%	-	-	Security Savings

Security Bank (OK) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%^*	$500k^*	-	Money Market Account
OTHER TIERS: 0.10% → Up to $25k \| 0.60% → $25k - $100k \| 0.85% → $100k - $250k \| 1.15% → $250k - $500k

Security Bank (OK) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%^*	-	$50k	Security Bonus Checking
OTHER TIERS: 0.30% → $50k+
1.00%	-	-	Security Senior Checking
0.75%^*	$50k^*	-	Security NOW Checking
OTHER TIERS: 0.10% → Up to $5k \| 0.25% → $5k - $25k \| 0.50% → $25k - $50k

Security Bank (OK) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.87%	$10k	-	5 Year Step-Up CD
2.62%	$10k	-	3 Year Step-Up CD
2.50%	$2k	-	60 Month CD
2.20%	$2k	-	48 Month CD
2.00%	$2k	-	24 Month CD
2.00%	$2k	-	36 Month CD
1.85%	$2k	-	12 Month CD
1.85%	$2k	-	18 Month CD
1.50%	$2k	-	182 Day CD
0.50%	$2k	-	30 Day CD
0.50%	$2k	-	90 Day CD

Security Bank (OK) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$2k	-	60 Month IRA
2.20%	$2k	-	48 Month IRA
2.00%	$2k	-	24 Month IRA
2.00%	$2k	-	36 Month IRA
1.85%	$2k	-	12 Month IRA
1.85%	$2k	-	18 Month IRA
1.50%	$2k	-	182 Day IRA

Locations

Security Bank (OK) Locations
Security Bank	10727 East 51st Street South	Tulsa, OK 74146

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