Security Federal Savings Bank is headquartered in LOGANSPORT and is the 49th largest bank in the state of Indiana. It is also the 2,111th largest bank in the nation. It was established in 1934 and as of June of 2023, it had grown to 74 employees at 7 locations. Security Federal Savings Bank's money market rates are 8X the national average, and it has an A health rating.
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!
Overall | |
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FDIC Certificate # | 28894 |
Year Established | 1934 |
Employees | 74 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.64% |
Return on Equity - YTD | 6.87% |
Annual Interest Income | $8.0MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $380.1MM$364.2MM |
Loans | Q2 2023vs Q2 2022 | $271.1MM$255.8MM |
Deposits | Q2 2023vs Q2 2022 | $323.7MM$319.8MM |
Equity Capital | Q2 2023vs Q2 2022 | $34.7MM$33.6MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $3.0MM$2.7MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.2MM$830.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.07%* | $25k* | - | Prestige Interest Checking | ||
OTHER TIERS: 0.05% → Up to $25k | |||||
0.05% | - | - | Business Interest Checking | ||
0.02% | - | - | 50+ Interest Checking |
Security Federal Savings Bank Locations | ||
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Washington Street Branch | 1260 South Washington Street | Delphi, IN 46923 |
Mall Road Branch | 300 Mall Road | Logansport, IN 46947 |
Security Federal Savings Bank | 314 4th St | Logansport, IN 46947 |
Markland Avenue Branch | 519 East Markland Avenue | Kokomo, IN 46901 |
Lafayette Office Branch | 3920 Mccarty Lane | Lafayette, IN 47905 |
Security Federal Savings Bank | 2827 Us Highway 52 W | West Lafayette, IN 47906 |
Boulevard Branch | 1600 E Boulevard | Kokomo, IN 46902 |