Security Bank & Trust Company


Security Bank & Trust Company is an FDIC insured institution headquartered at 735 11th St E, Glencoe, MN 55336.
It was founded in 1935 and has approximately $1 billion in assets. Customers can open an account at one of its 15 branches.

Deposit Rates - May 5, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.30% $10,000 Compare
6 Mo CD
0.30% $50,000 Compare
12 Mo CD
0.55% $10,000 Compare
12 Mo CD
0.57% $50,000 Compare
24 Mo CD
0.60% $5,000 Compare
24 Mo CD
0.62% $50,000 Compare
36 Mo CD
0.65% $10,000 Compare
36 Mo CD
0.67% $50,000 Compare
60 Mo CD
1.00% $10,000 Compare
60 Mo CD
1.21% $50,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.25% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15324
Date Established 1935
Assets $ 734.03 million
Loans $ 448.56 million
Deposits $ 668.82 million
Capital $ 63.84 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 54.89 million
Interest-bearing balances $ 43.45 million
Total securities $ 210.98 million
Federal funds sold and reverse repurchase $ 7.12 million
Net loans and leases $ 448.56 million
Loan loss allowance $ 5.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.09 million
All other assets $ 5.31 million
     Total Assets $ 670.19 million

LIABILITIES
Total deposits $ 668.82 million
      Interest-bearing deposits $ 573.37 million
      Deposits held in domestic offices $ 668.82 million
      % insured (estimated) 68.08%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.91 millionn
      Total Liabilities $ 670.19 million
      Shareholders’ Equity $ 63.84 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 30.83 million
Total Interest Expense $ 9.74 million
Net interest income $ 21.09 million
Provision for loan and lease losses $ 0.31 million
Total non interest income $ 3.78 million
Total non interest expense $ 13.50 million
Pre-tax Net Operating Income $ 5.37 million

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Branches

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Security Bank & Trust Company Locations