Security Federal Savings Bank


Overview / Commentary
574-722-6261
314 Fourth St
Logansport, IN 46947

Security Federal Savings Bank is headquartered in Logansport and is the 51st largest bank in the state of Indiana. It is also the 2,271st largest bank in the nation. It was established in 1934 and as of September of 2021, it had grown to 80 employees at 7 locations. Security Federal Savings Bank has an A+ health rating.

Reviews (1)

Provides Great Service with a personal Touch

Posted by: |

I have had an account at this bank since before I can remember. My parents and grandparents both deposited money into it as I was growing up, and I have had an account all my life (22 now). Though I have never received much in interest (I think I get .13% in my savings account) my account has always been free. As a minor I received free checking and saving, and now I receive free checking and saving as a student. All I have to do is provide proof of my enrollment (a simple class schedule suffices). In terms of service, I have never had any problems cashing checks, receiving new checks, or suffered any penalties from overdrawing my account. I only overdrew once and I simply went to the bank and they actually removed the charge. After that I got my checking account tied to my savings account and now overdraft fees won't happen unless I run through all the money in both accounts. Finally, I have always enjoyed the employees of the bank. While none of them know me on sight (I'm not there often) they have always been kind and helpful. I haven't personally tried the online banking but the rest of my family has used it with no problem. I would definitely recommend the bank to anyone in the area!



Health
A+

Health Grade Components

Overall
FDIC Certificate #28894
Year Established1934
Employees80
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD6.44%
Annual Interest Income$9.2MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$350.2MM$320.0MM
LoansQ3 2021vs Q3 2020$249.8MM$242.6MM
DepositsQ3 2021vs Q3 2020$294.0MM$266.3MM
Equity CapitalQ3 2021vs Q3 2020$37.9MM$35.4MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.7MM$2.4MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$640.00K$881.00K
Real Estate OwnedQ3 2021vs Q3 2020$46.00K$0
Rates

Rates for Security Federal Savings Bank are currently being reviewed.

Locations


Security Federal Savings Bank Locations
Washington Street Branch1260 South Washington StreetDelphi, IN 46923
Mall Road Branch300 Mall RoadLogansport, IN 46947
Security Federal Savings Bank314 Fourth StLogansport, IN 46947
Markland Avenue Branch519 East Markland AvenueKokomo, IN 46901
Lafayette Office Branch3920 Mccarty LaneLafayette, IN 47905
Security Federal Savings Bank2827 Us Highway 52 WWest Lafayette, IN 47906
Boulevard Branch1600 E BoulevardKokomo, IN 46902

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