Security Federal Savings Bank

Overview / Commentary
314 Fourth St
Logansport, IN 46947

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.

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 Grade Components

FDIC Certificate #28894
Year Established1934
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.87%
Annual Interest Income$8.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$380.1MM$364.2MM
LoansQ2 2023vs Q2 2022$271.1MM$255.8MM
DepositsQ2 2023vs Q2 2022$323.7MM$319.8MM
Equity CapitalQ2 2023vs Q2 2022$34.7MM$33.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$3.0MM$2.7MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.2MM$830.00K
Real Estate OwnedQ2 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.

Security Federal Savings Bank Savings Account Rates

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

3.56%*$250k*$7.5mSecFed High Yield Money Market
OTHER TIERS: 0.10% Up to $5k | 2.02% $5k - $100k | 2.53% $100k - $250k
3.56%*$250k*$7.5mBusiness SecFed High Yield Money Market
OTHER TIERS: 0.10% Up to $5k | 2.02% $5k - $100k | 2.53% $100k - $250k
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

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

5.00%$1k-15 Month CD Special
5.00%$1k-7 Month CD Special
4.90%$2.5k-15 Month Your FLEX CD
2.08%$1k-24 Month CD
2.08%$1k-30 Month CD
2.06%$100k-Business 2 Year CD
2.06%$100k-Business 2 Year IntraFi/ICS CD
1.75%$1k-36 Month CD
1.74%$100k-Business 3 Year CD
1.74%$100k-Business 3 Year IntraFi/ICS CD
1.65%$1k-48 Month CD
1.55%$1k-60 Month CD
1.54%$100k-Business 5 Year CD
1.54%$100k-Business 5 Year IntraFi/ICS CD
1.27%$1k-18 Month CD
1.26%$100k-Business 18 Month CD
1.26%$100k-Business 18 Month IntraFi/ICS CD
0.71%$1k-12 Month CD
0.71%$100k-Business 12 Month IntraFi/ICS CD
0.71%$100k-Business 12 Month CD
0.51%$1k-6 Month CD
0.51%$100k-Business 3 Month CD
0.51%$100k-Business 6Month CD
0.51%$100k-Business 3 Month IntraFi/ICS CD
0.51%$100k-Business 6 Month IntraFi/ICS CD
0.41%$1k-3 Month CD

Security Federal Savings Bank IRA Rates

2.08%$1k-24 Month IRA
2.08%$1k-30 Month IRA
1.75%$1k-36 Month IRA
1.65%$1k-48 Month IRA
1.55%$1k-60 Month IRA
1.27%$1k-18 Month IRA
0.71%$1k-12 Month IRA
0.51%$1k-6 Month IRA
0.41%$1k-3 Month IRA

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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