Security Bank Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 5493007KC6RR4UC6S050

Tax ID: 73-0394735

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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 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

    57

    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 Bank 10727 East 51st Street South Tulsa, OK 74146 Full Service B&M $706,874

    For 2021, Security Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,949
    Net interest income $27,222
    Total noninterest income $1,503
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $373
    Trading account gains and fees $0
    Additional Noninterest Income $1,130
    Pre-tax net operating income $16,434
    Securities gains (or losses, -) $35
    Income before extraordinary items $15,659
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,659
    Minority interest net income $0
    Net income $15,659
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,625

    Security Bank's gross interest income from loans was $31,949,000.
    Security Bank's net interest income from loans was $27,222,000.
    Security Bank's fee based income from loans was $373,000.
    Security Bank's net income from loans was $15,659,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,727
    Provision for credit losses $1,600
    Total noninterest expense $10,691
    Salaries and employee benefits $6,873
    Premises and equipment expense $758
    Additional noninterest expense $3,060
    Applicable income taxes $810
    Net charge-offs $30
    Cash dividends $11,275

    Security Bank's interest expense for loans was $4,727,000.
    Security Bank's payroll and benefits expense were $6,873,000.
    Security Bank's property, plant and equipment expenses $758,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 $684,615
    Deposits held in domestic offices $684,615
    Deposits by Individuals, partnerships, and corporations $621,616
    Deposits by U.S. Government $10
    Deposits by States and political subdivisions in the U.S. $58,129
    Deposits by Commercial banks and other depository institutions in U.S. $4,860
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $274,455
    Demand deposits $181,883
    Nontransaction accounts $410,160
    Money market deposit accounts (MMDAs) $165,501
    Other savings deposits (excluding MMDAs) $7,239
    Total time deposits $237,421
    Total time and savings deposits $502,732
    Noninterest-bearing deposits $153,101
    Interest-bearing deposits $531,514
    Retail deposits $562,429
    IRAs and Keogh plan accounts $21,789
    Brokered deposits $37,688
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $762,270
    Cash & Balances due from depository institutions $193,972
    Interest-bearing balances $188,519
    Total securities $30,769
    Federal funds sold & reverse repurchase $0
    Net loans and leases $529,740
    Loan and leases loss allowance $12,395
    Trading account assets $0
    Bank premises and fixed assets $4,134
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,655

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $762,270
    Total Liabilities $685,018
    Total deposits $684,615
    Interest-bearing deposits $531,514
    Deposits held in domestic offices $684,615
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $403

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $529,740
    Loan and leases loss allowance $12,395
    Total loans and leases (domestic) $542,135
    All real estate loans $378,992
    Real estate loans in domestic offices $378,992
    Construction and development loans $47,916
    Residential 1-4 family construction $9,319
    Other construction, all land development and other land $38,597
    Loans secured by nonfarm nonresidential properties $270,634
    Nonfarm nonresidential secured by owner-occupied properties $141,199
    Commercial real estate & other non-farm, non-residential $129,435
    Multifamily residential real estate $2,215
    1-4 family residential loans $52,405
    Farmland loans $5,822
    Loans held in foreign offices $0
    Farm loans $1,585
    Commercial and industrial loans $155,546
    To non-U.S. addressees $0
    Loans to individuals $4,795
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,269
    Other loans to individuals $2,526
    All other loans & leases $1,217
    Loans to foreign governments and official institutions $0
    Other loans $8
    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 Bank had $529,740,000 of loans outstanding in 2021. $378,992,000 of loans were in real estate loans. $47,916,000 of loans were in development loans. $2,215,000 of loans were in multifamily mortgage loans. $52,405,000 of loans were in 1-4 family mortgage loans. $1,585,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,269,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 289 $83,786 $289,917
    Nonfarm, nonresidential loans - <$100k 31 $1,426 $46,000
    Nonfarm, nonresidential loans - $100-250k 83 $11,917 $143,578
    Nonfarm, nonresidential loans - $250k-1MM 175 $70,443 $402,531
    Commercial & Industrial, US addressed loans - <$1MM 894 $61,080 $68,322
    Commercial & Industrial, US addressed loans - <$100k 600 $12,533 $20,888
    Commercial & Industrial, US addressed loans - $100-250k 158 $14,355 $90,854
    Commercial & Industrial, US addressed loans - $250k-1MM 136 $34,192 $251,412
    Farmland loans - <$1MM 16 $2,895 $180,938
    Farmland loans - <$100k 4 $158 $39,500
    Farmland loans - $100-250k 7 $848 $121,143
    Farmland loans - $250k-1MM 5 $1,889 $377,800
    Agriculture operations loans - <$1MM 21 $1,585 $75,476
    Agriculture operations loans - <$100k 13 $600 $46,154
    Agriculture operations loans - $100-250k 7 $775 $110,714
    Agriculture operations loans - $250k-1MM 1 $210 $210,000