Security Bank & Trust Company
FDIC #15324
📍 Glencoe, Minnesota
Security Bank & Trust Company is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 10/12/1935. With assets of $708.99 Million, it operates 26 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 1, 2024
Satisfactory
March 1, 2021
Satisfactory
April 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$708.99 Million
Total Deposits$650.43 Million
Equity Capital$56.65 Million
Net Income$7.82 Million
📈 Performance
ROA1.47%
ROE17.22%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established10/12/1935
FDIC Cert15324
Holding CoSecurity Bancshares Co
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2019
Merger / Acquisition
Acquired: State Bank Of Hamburg
2014
Merger / Acquisition
Acquired: Security Bank Waconia
2013
Relocation
Moved HQ to: 735 11th Street East, Glencoe, MN 55336.
1992
Merger / Acquisition
Acquired: The First State Bank Of Brownton
1992
Name Change
Name became: Changed Institution Name To Security Bank & Trust Company.