Overview / Commentary
432-570-9330
600 N Marienfeld St, # 200
Midland, TX 79701

Security Bank is headquartered in Midland and is the 74th largest bank in the state of Texas. It is also the 906th largest bank in the nation. It was established in 1928 and as of September of 2018, it had grown to 172 employees at 12 locations. Security Bank has an A+ health rating.

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Reviews (2)

Security Bank customer

I have had nothing but good experiences with Security Bank. I have been banking with them for over ten years. I have one checking and one savings account with them. They are always pleasant and helpful when I call in via phone and also when I visit the lobby or window at the branch location. Their phone app and website are very user friendly and I make use of these on an almost daily basis. They have a number of convenient ATM locations that I visit on a fairly regular basis. I also appreciate how they are active in local community charities and events. I would not hesitate to refer my friends, family, or anyone, for that matter, to Security Bank for any of their banking needs.

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
A+

Health Grade Components

Overall
FDIC Certificate #13408
Year Established1928
Employees172
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.12%
Return on Equity - YTD15.95%
Annual Interest Income$28.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$847.8MM$775.6MM
LoansQ3 2018vs Q3 2017$456.3MM$433.4MM
DepositsQ3 2018vs Q3 2017$726.9MM$664.3MM
Equity CapitalQ3 2018vs Q3 2017$110.9MM$103.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$8.8MM$11.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$3.7MM$9.3MM
Real Estate OwnedQ3 2018vs Q3 2017$3.2MM$818.00K
Rates
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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 Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$25kRealSaver
OTHER TIERS: 0.05% $25k+

Security Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%*-$25kRewards Checking
OTHER TIERS: 0.05% $25k+
1.05%*-$25kRealRewards Checking with Saver
OTHER TIERS: 0.05% $25k+
Locations

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