Cedar Security Bank

Headquarters

117 Main St
Fordyce, NE 68736
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Cedar Security Bank is an FDIC insured institution located in Fordyce, NE. It was founded in 1984 and has approximately $0.06 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 25591
Date Established 1984
Assets $ 55.02 million
Loans $ 26.24 million
Deposits $ 43.15 million
Capital $ 9.37 million
 

For a more detailed analysis of Cedar Security Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Cedar Security Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.960% 6.875%
0.63 points
$2,764 fees
$2,103 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875%
0.50 points
$3,145 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.338% 7.250%
0.88 points
$2,800 fees
$2,183 Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Cedar Security Bank
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Branches

Cedar Security Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Cedar Security Bank Locations around zip code 43085


BranchDistance Map View Lobby Hours

Wynot Branch

775.19 A View Lobby Hours

Hartington Branch

778.32 B View Lobby Hours

Cedar Security Bank

784.43 C View Lobby Hours


Climate Policy and Initiatives

Cedar Security Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Cedar Security Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cedar Security Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Cedar Security Bank U.S. Bank Average
0.75% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Cedar Security Bank had $77,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,371,000 in equity and $931,000 in loans loss reserves. That gives it a Texas Ratio of 0.75%.

Return on Equity
Cedar Security Bank U.S. Bank Average
2.59% 10.46%

Cedar Security Bank has a Return on Equity of 2.59% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Cedar Security Bank U.S. Bank Average
17.03% 10.84%

Cedar Security Bank has a Capitalization of 17.03% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Cedar Security Bank Balance Sheet Analysis

As of June 30, 2024, Cedar Security Bank had assets of $55,022,000, loans of $26,244,000, and deposits of $43,153,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 10.02 million
Interest-bearing balances $ 8.14 million
Total securities $ 17.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 26.24 million
Loan loss allowance $ 0.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.45 million
     Total Assets $ 45.65 million
LIABILITIES
Total deposits $ 43.15 million
      Interest-bearing deposits $ 32.72 million
      Deposits held in domestic offices $ 43.15 million
      % insured (estimated) 90.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.97 million
Subordinated debt N.A.
All other liabilities $ 0.23 million
      Total Liabilities $ 45.65 million
      Shareholders’ Equity $ 9.37 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 1.17 million
Total Interest Expense $ 0.25 million
Net interest income $ 0.91 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.12 million
Total non interest expense $ 0.74 million
Pre-tax Net Operating Income $ 0.13 million

Bank Loan Profile?

The top three loan types in Cedar Security Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Nebraska, Cedar Security Bank has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.61
Multifamily
Mortgages
1.51
Credit Card Loans 0.00
Consumer Auto Loans 3.22
Small Business Loans 1.70
Construction and Development Loans 0.62
Commercial Real Estate 1.73
Commercial and Industrial Loans 19.24
Farm Loans 38.16

Customer Reviews for Cedar Security Bank

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