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 52nd largest bank in the state of Indiana. It is also the 2,393rd largest bank in the nation. It was established in 1934 and as of June of 2019, it had grown to 73 employees at 5 locations. Security Federal Savings Bank's money market rates are 70% higher than the national average, and it boasts an A+ health rating.

Reviews (1)

Provides Great Service with a personal Touch

Posted by: shua | Feb 5, 2016

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
Employees73
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD5.21%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$266.2MM$244.7MM
LoansQ2 2019vs Q2 2018$199.3MM$176.1MM
DepositsQ2 2019vs Q2 2018$221.0MM$199.2MM
Equity CapitalQ2 2019vs Q2 2018$32.7MM$30.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.7MM$2.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$847.00K$2.1MM
Real Estate OwnedQ2 2019vs Q2 2018$10.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Security Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Security Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$2.5k*-Health Savings Account
OTHER TIERS: 0.30% Up to $2.5k
0.30%$500-Personal Savings Account
0.30%--Youth Savings
0.30%--Christmas Club Account

Security Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$1m*-Personal Money market
OTHER TIERS: 0.30% Up to $100k | 0.40% $100k - $250k | 0.50% $250k - $500k | 0.60% $500k - $1m

Security Federal Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$25k*-Interest Checking Account
OTHER TIERS: 0.02% Up to $25k

Security Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$500-15 Month CD Special
1.73%$1k-7 Month CD Special
1.65%$2.5k-15 Month Your FLEX CD
1.64%$1k-60 Month CD
1.58%$1k-48 Month CD
1.54%$1k-36 Month CD
1.45%$1k-30 Month CD
1.40%$1k-24 Month CD
1.32%$1k-18 Month CD
1.07%$1k-12 Month CD
0.79%$1k-6 Month CD
0.76%$1k-3 Month CD

Security Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.64%$1k-60 Month IRA
1.58%$1k-48 Month IRA
1.54%$1k-36 Month IRA
1.45%$1k-30 Month IRA
1.40%$1k-24 Month IRA
1.32%$1k-18 Month IRA
1.07%$1k-12 Month IRA
0.79%$1k-6 Month IRA
0.76%$1k-3 Month IRA
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

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