Overview / Commentary
620-326-7417
101 North Washington
Wellington, KS 67152

Security State Bank (Wellington, KS) is headquartered in Wellington and is the 173rd largest bank in the state of Kansas. It is also the 4,832nd largest bank in the nation. It was established in 1897 and as of September of 2018, it had grown to 16 employees at 2 locations. Security State Bank (Wellington, KS) has a B health rating.

Reviews (1)

VERY UNHAPPY!

My husband and I have been banking through this bank since 2009, so for four years. Just within the first year, they screwed up our deposits. We put our checks in the bank and went to pay bills and get odds and ends for the house, and we ended up overdrafting $500 or so in the first day we got our checks. The reason for that was that they never added our money into the acct. They did five days later. We have overdrafted so many times just because of their mess ups. They don't like to add your money in when you put it in there; it's been almost 24 hours since we made a deposit, and it's still not in there. I recommend that NOBODY goes to this bank.  We have had so many problems that it's ridiculous. They do try to make it right once you confront them, but I am tired of not being able to do what I need to do with my money when I put the money in the bank. It's time to switch banks, and get ahold of the administrator. This is the last straw.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Security State Bank (Wellington, KS) has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #12422
Year Established1897
Employees16
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.25%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$58.7MM$59.4MM
LoansQ3 2018vs Q3 2017$19.0MM$15.4MM
DepositsQ3 2018vs Q3 2017$46.3MM$52.1MM
Equity CapitalQ3 2018vs Q3 2017$6.2MM$7.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$633.00K$688.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$384.00K$418.00K
Real Estate OwnedQ3 2018vs Q3 2017$157.00K$427.00K
Rates

Sorry, we do not have rate data for Security State Bank (Wellington, KS).

Locations


Security State Bank (Wellington, KS) Locations
The Security State Bank101 North Washington AvenueWellington, KS 67152
Wellington Branch113 East HarveyWellington, KS 67152

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