Security Federal Savings Bank Mortgage Rates, Fees & Info

Jasper, AL

LEI: 2549003A9J70FMO48Y25

Tax ID: 63-0595507

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Security Federal Savings Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    9

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Security National Financial Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    Security National Financial Corp Conventional home mortgage Closing on a mortgage 1 7.1%
    Security National Financial Corp Conventional home mortgage Incorrect information on your report 1 7.1%
    Security National Financial Corp Conventional home mortgage Trouble during payment process 5 35.7%
    Security National Financial Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    Security National Financial Corp FHA mortgage Trouble during payment process 2 14.3%
    Security National Financial Corp Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 14.3%
    Security National Financial Corp VA mortgage Closing on a mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Security Federal Savings Bank 301 Third Avenue S. Jasper, AL 35501 Full Service B&M $31,689

    For 2021, Security Federal Savings Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $842
    Net interest income $705
    Total noninterest income $257
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $224
    Trading account gains and fees $0
    Additional Noninterest Income $33
    Pre-tax net operating income $-576
    Securities gains (or losses, -) $2
    Income before extraordinary items $-533
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-533
    Minority interest net income $0
    Net income $-533
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-534

    Security Federal Savings Bank's gross interest income from loans was $842,000.
    Security Federal Savings Bank's net interest income from loans was $705,000.
    Security Federal Savings Bank's fee based income from loans was $224,000.
    Security Federal Savings Bank's net income from loans was $-533,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $137
    Provision for credit losses $-4
    Total noninterest expense $1,542
    Salaries and employee benefits $642
    Premises and equipment expense $118
    Additional noninterest expense $782
    Applicable income taxes $-41
    Net charge-offs $12
    Cash dividends $0

    Security Federal Savings Bank's interest expense for loans was $137,000.
    Security Federal Savings Bank's payroll and benefits expense were $642,000.
    Security Federal Savings Bank's property, plant and equipment expenses $118,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $29,874
    Deposits held in domestic offices $29,874
    Deposits by Individuals, partnerships, and corporations $29,686
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $188
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $10,232
    Demand deposits $2,064
    Nontransaction accounts $19,642
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $5,395
    Total time deposits $14,247
    Total time and savings deposits $27,810
    Noninterest-bearing deposits $10,232
    Interest-bearing deposits $19,642
    Retail deposits $25,809
    IRAs and Keogh plan accounts $2,322
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $34,069
    Cash & Balances due from depository institutions $20,704
    Interest-bearing balances $20,224
    Total securities $903
    Federal funds sold & reverse repurchase $0
    Net loans and leases $11,073
    Loan and leases loss allowance $117
    Trading account assets $0
    Bank premises and fixed assets $90
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,299

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $34,069
    Total Liabilities $29,958
    Total deposits $29,874
    Interest-bearing deposits $19,642
    Deposits held in domestic offices $29,874
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $84

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $11,073
    Loan and leases loss allowance $117
    Total loans and leases (domestic) $11,190
    All real estate loans $9,473
    Real estate loans in domestic offices $9,473
    Construction and development loans $22
    Residential 1-4 family construction $0
    Other construction, all land development and other land $22
    Loans secured by nonfarm nonresidential properties $0
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $9,451
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,706
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $591
    Other loans to individuals $1,115
    All other loans & leases $11
    Loans to foreign governments and official institutions $0
    Other loans $11
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Security Federal Savings Bank had $11,073,000 of loans outstanding in 2021. $9,473,000 of loans were in real estate loans. $22,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $9,451,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $591,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan