Security Trust & Savings Bank


Overview / Commentary
712-732-3022
601 Lake Street
Storm Lake, IA 50588

Security Trust & Savings Bank is headquartered in STORM LAKE and is the 98th largest bank in the state of Iowa. It is also the 2,481st largest bank in the nation. It was established in 1908 and as of March of 2023, it had grown to 22 employees at 3 locations. Security Trust & Savings Bank has a B+ health rating.

Reviews (1)

Disappointed In Customer Service

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
B+

Health Grade Components

Overall
FDIC Certificate #968
Year Established1908
Employees22
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD8.7%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$298.9MM$304.6MM
LoansQ1 2023vs Q1 2022$78.1MM$71.4MM
DepositsQ1 2023vs Q1 2022$278.4MM$281.1MM
Equity CapitalQ1 2023vs Q1 2022$20.2MM$23.3MM
Loan Loss AllowanceQ1 2023vs Q1 2022$1.3MM$1.2MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$75.00K$2.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates

Sorry, we do not have rate data for Security Trust & Savings Bank.

Locations


Security Trust & Savings Bank Locations
Security Trust & Savings Bank601 Lake StreetStorm Lake, IA 50588
Auto Branch300 West 5th StreetStorm Lake, IA 50588
Rembrandt Branch101 E Main StRembrandt, IA 50576

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