Security Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	Reward Savings	RealSaver 0.86% - National Average
1.06%	Reward Checking	Rewards Checking 1.93% - National Average
0.30%	1-year CD	1 Year CD - Compounding 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

View all Security Bank rates »

Overview / Commentary

www.mysbank.com

432-570-9330

600 N Marienfeld St, # 200
Midland, TX 79701

Security Bank is headquartered in Midland and is the 79^th largest bank in the state of Texas. It is also the 971^st largest bank in the nation. It was established in 1928 and as of December of 2017, it had grown to 159 employees at 12 locations. Security Bank has an A health rating.

Security Bank customer

Posted by: francesbell67 | Sep 10, 2017

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.

Comment

1

Not for me

Posted by: WelderMamma | Oct 21, 2016

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.

Comment

1

Health

A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	13408
Year Established	1928
Employees	159
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.33%
Return on Equity - YTD	10.17%
Annual Interest Income	$35.3MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$788.5MM$783.8MM
Loans	Q4 2017vs Q4 2016	$428.2MM$437.3MM
Deposits	Q4 2017vs Q4 2016	$673.2MM$679.6MM
Equity Capital	Q4 2017vs Q4 2016	$107.1MM$96.3MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$9.8MM$11.0MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$8.4MM$14.6MM
Real Estate Owned	Q4 2017vs Q4 2016	$1.1MM$5.3MM

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 Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	-	$25k	RealSaver
OTHER TIERS: 0.05% → $25k+
0.03%	$100	-	Regular Savings
0.03%	$100	-	Commercial Savings Account

Security Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$1m^*	-	Liquid CD MMDA Fund 15
OTHER TIERS: 0.03% → Up to $25k \| 0.05% → $25k - $50k \| 0.08% → $50k - $500k \| 0.12% → $500k - $1mm

Security Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.06%^*	-	$25k	Rewards Checking
OTHER TIERS: 0.05% → $25k+
1.05%^*	-	$25k	RealRewards Checking with Saver
OTHER TIERS: 0.05% → $25k+
0.01%	$1k	-	NOW IOLTA Account

Security Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$100k^*	-	3 Year CD
OTHER TIERS: 0.15% → $3k - $25k \| 0.35% → $25k - $100k
0.45%^*	$100k^*	-	3 Year CD - Compounding
OTHER TIERS: 0.15% → $3k - $25k \| 0.35% → $25k - $100k
0.40%^*	$100k^*	-	2 Year CD
OTHER TIERS: 0.15% → $3k - $25k \| 0.30% → $25k - $100k
0.40%^*	$100k^*	-	2 Year CD - Compounding
OTHER TIERS: 0.15% → $3k - $25k \| 0.30% → $25k - $100k
0.30%^*	$100k^*	-	1 Year CD
OTHER TIERS: 0.10% → $3k - $25k \| 0.25% → $25k - $100k
0.30%^*	$100k^*	-	1 Year CD - Compounding
OTHER TIERS: 0.10% → $3k - $25k \| 0.25% → $25k - $100k
0.25%^*	$100k^*	-	6 Month CD - Compounding
OTHER TIERS: 0.10% → $3k - $25k \| 0.20% → $25k - $100k
0.25%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.10% → $3k - $25k \| 0.20% → $25k - $100k

Locations

Availability

Odessa Area

Odessa Area bank & credit union details

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