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 20 branches.
Deposit Rates - July 27, 2025
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
1.00% | $25,000 | Compare |
|
SAV
|
1.48% | $100,000 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
3 Mo CD
|
1.00% | $1 | Compare |
|
3 Mo CD
|
2.52% | $10,000 | Compare |
|
6 Mo CD
|
1.00% | $1 | Compare |
|
6 Mo CD
|
3.90% | $10,000 | Compare |
|
12 Mo CD
|
2.02% | $1 | Compare |
|
12 Mo CD
|
3.85% | $10,000 | Compare |
|
24 Mo CD
|
2.02% | $1 | Compare |
|
24 Mo CD
|
2.78% | $10,000 | Compare |
|
36 Mo CD
|
2.02% | $1 | Compare |
|
36 Mo CD
|
2.52% | $10,000 | Compare |
|
39 Mo CD
|
3.65% | $1 | Compare |
|
39 Mo CD
|
3.65% | $50,000 | Compare |
|
60 Mo CD
|
2.02% | $1 | Compare |
|
60 Mo CD
|
2.52% | $10,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.85% | $2,500 | Compare |
|
Money Market
|
1.41% | $100,000 | Compare |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
INTCK
|
0.15% | $25,000 |
|
INTCK
|
1.31% | $2,500,000 |
Featured Home Equity Rates
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Featured 30-Year Fixed Mortgage Rates
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$0 Fees - Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Public Note:
Security Bank & Trust Company provides financial services for individuals, businesses, entrepreneurs, private banking clients, and non-profits. Our offerings include:Checking & money market accounts
ACH & cash management services
Remote deposit capture
Merchant card services
Loans for working capital, equipment, and real estate
As a locally owned bank, we make decisions with your best interests in mind, offering personalized service and deep community knowledge to help you grow and thrive.
Member FDIC | Equal Housing Lender
February 6, 2025
Overview 2025
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 15324 |
| Date Established | 1935 |
| Assets | $ 1,209.11 million |
| Loans | $ 846.30 million |
| Deposits | $ 1,094.67 million |
| Capital | $ 111.12 million |
Summary Balance Sheet as of December 31, 2024
| ASSETS | |
| Cash & Balances due from depository institutions | $ 80.19 million |
| Interest-bearing balances | $ 69.12 million |
| Total securities | $ 251.38 million |
| Federal funds sold and reverse repurchase | $ 2.01 million |
| Net loans and leases | $ 846.30 million |
| Loan loss allowance | $ 7.28 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 1.02 million |
| Goodwill and other intangibles | $ 4.67 million |
| All other assets | $ 5.31 million |
| Total Assets | $ 1,097.99 million |
| LIABILITIES | |
| Total deposits | $ 1,094.67 million |
| Interest-bearing deposits | $ 944.75 million |
| Deposits held in domestic offices | $ 1,094.67 million |
| % insured (estimated)" | 61.20% |
| 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 | $ 1,097.99 million |
| Shareholders’ Equity | $ 111.12 million |
Summary Income Statement as of December 31, 2024
| INCOME AND EXPENSES | |
| Total Interest Income | $ 15.46 million |
| Total Interest Expense | $ 5.41 million |
| Net interest income | $ 10.05 million |
| Provision for loan and lease losses | $ 0.17 million |
| Total non interest income | $ 1.16 million |
| Total non interest expense | $ 6.45 million |
| Pre-tax Net Operating Income | $ 5.37 million |
Security Bank & Trust Company's History
Security Bank & Trust Co. was founded on October 10, 1935, as Security State Bank of Glencoe by Arthur W. Hoese. Starting from a single location, the bank expanded into the adjacent Gaines store in Glencoe before growing into neighboring communities through new branches and acquisitions.
Today, we continue to operate from our original Glencoe location, now joined by 20 additional branches across Minnesota. Our growth has been driven by the trust our customers place in us—entrusting us with their businesses, farms, savings, retirements, and everyday banking needs.
From Arthur Hoese to his son, Clayton Hoese, and now our current CEO, Gale Hoese, the Hoese family has led the bank with the same core values since day one: personal relationships, trust, and community involvement. We are proud to grow alongside the success of the customers and communities we serve.
Today, we continue to operate from our original Glencoe location, now joined by 20 additional branches across Minnesota. Our growth has been driven by the trust our customers place in us—entrusting us with their businesses, farms, savings, retirements, and everyday banking needs.
From Arthur Hoese to his son, Clayton Hoese, and now our current CEO, Gale Hoese, the Hoese family has led the bank with the same core values since day one: personal relationships, trust, and community involvement. We are proud to grow alongside the success of the customers and communities we serve.
*Should any logos, images or public notes appear on this page,they do so courtesy of Security Bank & Trust Company and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.
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