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Security Bank

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1.05%Reward CheckingRealRewards Checking
0.50%Reward SavingsRealSaver
1.06%Reward CheckingRewards Checking

Overview / Commentary
600 N Marienfeld St, # 200
Midland, TX 79701

Security Bank is headquartered in Midland and is the 78th largest bank in the state of Texas. It is also the 974th largest bank in the nation. It was established in 1928 and as of March of 2017, it had grown to 175 employees at 13 locations. Security Bank has a C+ health rating.

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Reviews (1)

Not for me

My husband and I opened a business checking account with this bank recently. When my husband went in to cash some checks they did not want to honor them at first. These were written by people who banked with this bank. Then they hit us with fees that they told us they would waive for 6 months. This was an outright lie. Their mobile app doesn't update very quickly. I have used other banks mobile apps and had no problems so I don't know what the issue is. I am not impressed with this bank and I don't appreciate a bank being dishonest with me, especially on a business account.


Health Grade Components

FDIC Certificate #13408
Year Established1928
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.32%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$771.0MM$846.4MM
LoansQ1 2017vs Q1 2016$434.3MM$524.4MM
DepositsQ1 2017vs Q1 2016$665.6MM$740.2MM
Equity CapitalQ1 2017vs Q1 2016$97.6MM$96.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$12.1MM$11.0MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$16.1MM$10.2MM
Real Estate OwnedQ1 2017vs Q1 2016$1.7MM$843.00K
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Security Bank Savings Account Rates

OTHER TIERS: 0.05% $25k+

Security Bank Checking Account Rates

1.06%*-$25kRewards Checking
OTHER TIERS: 0.05% $25k+
1.05%*-$25kRealRewards Checking
OTHER TIERS: 0.05% $25k+

Security Bank has 12 locations. Click to view all Security Bank locations.