Security Savings Bank, Financial Information

AboutSecurity Savings Bank

 Address:
1015 Market
Gowrie,IA
Webster County,Iowa
 Established:
Apr 1914
 Number of domestic offices:
7
Agriculture bank
Total assets$142M
Net income$1M
Net income,quarterly$0M
Total deposits$117M
Domestic deposits$117M
Equity capital$17M
ROA1.05%
ROAQ,quarterly0.9%
ROA,pretax0.9%
ROAQ,quarterly,pretax0.95%
ROE9.01%
ROEQ,quarterly7.52%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The history of Security Savings Bank dates back to April 25, 1914, in the small community of Slifer, Iowa, when a small group of farmers met and decided a bank was needed in the area. As a result, they organized and chartered Slifer Savings Bank. Having survived the depression of the early thirties, the Bank was relocated to Farnhamville on June 1, 1934, when the charter was changed to Security Savings Bank.

In November 1989, the Bank moved to the current facility located at 320 Garfield Avenue in Farnhamville. Two additional offices were purchased in October 1995 in Harcourt and Lehigh. In December 1996, the charter was moved to Gowrie, leaving the main bookkeeping in Farnhamville. Security Savings Bank stepped in and purchased the banks in Boxholm and Dayton when the communities were losing their banks. The Boxholm office opened in June 1997 and the Dayton office in 2007.

Boxholm Office
202 Beech Street
PO Box 127
Boxholm, IA 50040

Dayton Office
102 S Main
PO Box 182
Dayton, IA 50530

Farnhamville Office
320 Garfield Avenue
PO Box 126
Farnhamville, IA 50538

Gowrie Office
1015 Market Street
PO Box 189
Gowrie, IA 50543

Harcourt Office
127 South Ash Street
PO Box 360
Harcourt, IA 50544

Lehigh Office
116 Main Street
PO Box 318
Lehigh, IA 50557