Security Federal Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Security Federal Savings Bank is an FDIC-insured savings institution headquartered in Logansport, IN, established in 1934 (FDIC certificate 28894), and it is supervised by the OCC. At Q2 2026 it reported total assets of $464.4M, up 7.2% from Q2 2025, the 42nd largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.96% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 28894
- Headquarters
- Logansport, IN
- Established
- 1934
- Total assets, Q2 2026
- $464.4M
- Assets vs Q2 2025
- +7.2%
- Tier 1 leverage ratio, Q2 2026
- 10.96%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 274970607
- Latest call report
- Q2 2026, FFIEC 051 · Security Federal Savings Bank call report
- Holding company
- SECURITY FEDERAL MUTUAL BANCORP
- Asset rank in state
- 42nd of 87 in Indiana
Security Federal Savings Bank, based in Logansport, Indiana, reported $464 million in assets at June 30, 2026, up 7.2% from a year earlier. It grew its loan book 14.2% over the year, 2.6 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also earns about $0.66 a year on every $100 of assets, about half the median of $1.28 for banks its size.
Earnings jumped: net income for the quarter was $758,000, 115% above the same quarter a year earlier. Over the same year, loans grew 14.2% and deposits grew 7.7%. Costs are the weak spot: it spends about 76 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Security Federal Savings Bank reported a return on assets of 0.66%, a nonperforming-loan ratio of 0.31% and a Texas ratio of 2.42%. The figures come from its call report filed with the FFIEC.
Of the 87 banks headquartered in Indiana, Security Federal Savings Bank is the 42nd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.5% to $464.4M, loans rose 3.0% and deposits rose 3.2%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 58.7% of total loans, followed by non-owner-occupied commercial real estate loans at 12.6%. Its 8 offices in the FDIC Summary of Deposits are in 6 cities in IN; its Logansport 2 offices book 71% of its branch deposits. On its Q2 2026 call report, Security Federal Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 314 4th St, Logansport, IN 46947
- County
- Cass
- Metro Area
- Logansport, IN
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- April 1, 1934
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 80
- Domestic deposits
- $400.4M
- Allowance for credit losses
- $3.6M
- Net charge-offs (YTD)
- $66K
- Average total assets
- $460.0M
- Average total loans
- $384.1M
- Average interest-bearing deposits
- $330.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28894
- Fed RSSD
- 32971
- SEC CIK
- 2142516 → filed by SECURITY FEDERAL MUTUAL BANCORP
- Website
- www.secfedbank.com →
- Parent Holding Company
- SECURITY FEDERAL MUTUAL BANCORP (RSSD 5626964)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Security Federal Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Security Federal Savings Bank's total assets ranged from $376.2M (Q3 2023) to $464.4M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$464.4M total assets against $433.0M; $417.0M total liabilities against $395.1M.
$386.4M net loans and leases against $338.5M; $400.4M total deposits against $371.8M.
$28.0M securities against $30.1M; $18.7M cash and balances due against $32.3M.
$6.2M total interest income against $5.8M; $2.2M total interest expense against $2.1M.
$4.0M net interest income against $3.6M.
$864K total noninterest income against $773K; $3.7M total noninterest expense against $3.8M.
$225K provision for credit losses against $68K.
$758K net income against $353K.
0.66% return on assets against 0.33%; 3.78% net interest margin against 3.64%.
10.96% tier 1 leverage ratio against 9.96%.
Inside the full Security Federal Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeSecurity Federal Savings Bank rankings
Its closest position to the top of a national ranking is 1,861 of 4,196, for total assets; its furthest is 3,087 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.18% (Q1 2025) to 0.80% (Q1 2026) and its net interest margin ran from 3.26% (Q1 2025) to 3.78% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.96% | 0.66% | 0.31% | 2.42% | 3.78% |
| Q1 2026 | 9.81% | 0.80% | 0.32% | 2.76% | 3.67% |
| Q4 2025 | 9.71% | 0.69% | 0.27% | 2.30% | 3.60% |
| Q3 2025 | 9.85% | 0.56% | 0.38% | 3.22% | 3.34% |
| Q2 2025 | 9.96% | 0.33% | 0.33% | 2.76% | 3.64% |
| Q1 2025 | 10.14% | 0.18% | 0.29% | 2.40% | 3.26% |
| Q4 2024 | 10.58% | 0.28% | 0.21% | 1.74% | 3.44% |
| Q3 2024 | 10.74% | 0.36% | 0.27% | 2.08% | 3.36% |
Swipe the table sideways to see every column.
Branch Network
View all 8 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Security Federal Savings Bank (main office) | Logansport , IN | 46947 | $175.3M |
| Mall Road Branch | Logansport , IN | 46947 | $110.1M |
| Delphi Branch | Delphi , IN | 46923 | $43.0M |
| Lafayette Office Branch | Lafayette , IN | 47905 | $27.2M |
| Kokomo Markland Branch | Kokomo , IN | 46901 | $18.7M |
| Kokomo Boulevard Branch | Kokomo , IN | 46902 | $10.7M |
| West Lafayette Branch | West Lafayette , IN | 47906 | $7.8M |
| West Carmel Branch | Zionsville , IN | 46077 | $7.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 31, 1984 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 1984 | Structure Change | Acquired Kokomo Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC, OCC (former OTS)); 1 against individuals associated with it
- December 21, 2010, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Security Federal Savings Bank
- December 21, 2010, OCC (former OTS): Cease and Desist: Security Federal Savings Bank
- Period: Most recent institution action December 21, 2010. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in IN, rank 60 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $207K approved, $207K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Security Federal Savings Bank
What are Security Federal Savings Bank's total assets?
As of the Q2 2026 filing, Security Federal Savings Bank reported total assets of $464.4 million in its FFIEC call report.
Where is Security Federal Savings Bank headquartered?
It is headquartered in Logansport, IN, United States.
When was Security Federal Savings Bank founded?
It was established in 1934, per the FDIC institution directory.
Is Security Federal Savings Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #28894). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Security Federal Savings Bank?
Security Federal Savings Bank's primary federal regulator is the OCC.
How many branches does Security Federal Savings Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Security Federal Savings Bank's Texas Ratio?
Its Texas Ratio is 2.42% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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