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 50th largest bank in the state of Indiana. It is also the 2,195th largest bank in the nation. It was established in 1934 and as of March of 2022, it had grown to 85 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

Health Grade Components

Overall
FDIC Certificate #28894
Year Established1934
Employees85
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.65%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$363.1MM$340.9MM
LoansQ1 2022vs Q1 2021$242.5MM$244.0MM
DepositsQ1 2022vs Q1 2021$310.9MM$286.2MM
Equity CapitalQ1 2022vs Q1 2021$36.2MM$36.4MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.7MM$2.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$648.00K$779.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$40.00K
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
0.40%*$2.5k*-Health Savings Account
OTHER TIERS: 0.07% Up to $2.5k
0.10%--Youth Savings
0.10%--Christmas Club Account
0.10%--Business Savings
0.06%$500-Personal Savings Account

Security Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$1m*-Personal Money market
OTHER TIERS: 0.10% Up to $100k | 0.15% $100k - $250k | 0.25% $250k - $500k | 0.35% $500k - $1m
0.40%*$250k*-Business Money Market
OTHER TIERS: 0.10% Up to $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

Security Federal Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$1k-60 Month CD
1.15%$100k-Business 5 Year CD
1.15%$100k-Business 5 Year IntraFi/ICS CD
1.11%$1k-15 Month CD Special
1.10%$1k-48 Month CD
1.05%$2.5k-15 Month Your FLEX CD
1.01%$1k-36 Month CD
1.01%$100k-Business 3 Year CD
1.01%$100k-Business 3 Year IntraFi/ICS CD
0.87%$1k-7 Month CD Special
0.86%$1k-30 Month CD
0.71%$1k-24 Month CD
0.71%$100k-Business 2 Year CD
0.71%$100k-Business 2 Year IntraFi/ICS CD
0.61%$1k-18 Month CD
0.45%$1k-12 Month CD
0.45%$100k-Business 12 Month IntraFi/ICS CD
0.45%$100k-Business 12 Month CD
0.45%$100k-Business 18 Month CD
0.45%$100k-Business 18 Month IntraFi/ICS CD
0.21%$1k-6 Month CD
0.21%$100k-Business 6Month CD
0.21%$100k-Business 6 Month IntraFi/ICS CD
0.08%$1k-3 Month CD
0.08%$100k-Business 3 Month CD
0.08%$100k-Business 3 Month IntraFi/ICS CD

Security Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$1k-60 Month IRA
1.10%$1k-48 Month IRA
1.01%$1k-36 Month IRA
0.86%$1k-30 Month IRA
0.71%$1k-24 Month IRA
0.61%$1k-18 Month IRA
0.45%$1k-12 Month IRA
0.21%$1k-6 Month IRA
0.08%$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 4th 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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