Security Trust & Savings Bank
Overview / Commentary
Security Trust & Savings Bank is headquartered in Storm Lake and is the 104th largest bank in the state of Iowa. It is also the 2,761st largest bank in the nation. It was established in 1908 and as of June of 2020, it had grown to 23 employees at 3 locations. Security Trust & Savings Bank has an A+ health rating.
Reviews (1)
Disappointed In Customer Service
Posted by: interestinmind | Oct 28, 2017
Called to inquire about an IRA account today (10-27-17) and was told the person handling that area was out to lunch. I called again and the gentleman was busy. The operator said he would likely only be 10 minutes or so. I left a message to receive a call back. Waited the rest of the day and no return call. Not a good first impression.
Health
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 968 |
| Year Established | 1908 |
| Employees | 23 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 6.78% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $234.1MM$224.1MM |
| Loans | Q2 2020vs Q2 2019 | $92.3MM$92.0MM |
| Deposits | Q2 2020vs Q2 2019 | $204.7MM$196.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $28.4MM$26.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.1MM$972.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $111.00K$285.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$135.00K |