Security Bank of Kansas City
Headquarters
701 Minnesota Ave
Kansas City, KS 66101
See all branch locations →
2024 Overview
General Bank Information
Security Bank of Kansas City is an FDIC insured institution located in Kansas City, KS. It was founded in 1933 and has approximately $3.74 billion in assets. Customers can open an account at one of its 44 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 4705 |
| Date Established | 1933 |
| Assets | $ 3.74 billion |
| Loans | $ 2.00 billion |
| Deposits | $ 2.86 billion |
| Capital | $ 337.28 million |
For a more detailed analysis of Security Bank of Kansas City's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Platinum Leaf Account | 3.56% | $0 | $7.00 | Learn More |
Loan Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Security Bank of Kansas City
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 |
|---|---|---|---|---|
NMLS ID: 2578474 |
6.494% |
6.375% 0.88 points $4,010 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.955% |
6.875% 0.63 points $2,594 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.325% |
7.250% 0.75 points $2,400 fees |
$2,183 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
10.625 %
After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to Security Bank of Kansas City
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Security Bank of Kansas City 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
Security Bank of Kansas City Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 606.54 | A | View Lobby Hours | |
| 607.59 | B | View Lobby Hours | |
| 608.09 | C | View Lobby Hours | |
| 608.47 | D | View Lobby Hours | |
| 609.63 | E | View Lobby Hours | |
| 614.23 | F | View Lobby Hours | |
| 614.38 | G | View Lobby Hours | |
| 615.72 | H | View Lobby Hours | |
| 616.41 | I | View Lobby Hours | |
| 618.04 | J | View Lobby Hours | |
| 618.62 | K | View Lobby Hours | |
| 619.08 | L | View Lobby Hours | |
| 619.35 | M | View Lobby Hours | |
| 619.49 | N | View Lobby Hours | |
| 619.56 | O | View Lobby Hours | |
| 620.14 | P | View Lobby Hours | |
| 620.18 | Q | View Lobby Hours | |
| 620.27 | R | View Lobby Hours | |
| 620.37 | S | View Lobby Hours | |
| 620.48 | T | View Lobby Hours | |
| 620.66 | U | View Lobby Hours | |
| 620.81 | V | View Lobby Hours | |
| 621.20 | W | View Lobby Hours | |
| 621.38 | X | View Lobby Hours | |
| 621.78 | Y | View Lobby Hours | |
| 623.06 | Z | View Lobby Hours |
Climate Policy and Initiatives
Security Bank of Kansas City is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
Add Your Review
or use your BestCashCow account
or
Financial Details
Security Bank of Kansas City Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Security Bank of Kansas City. 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
| Security Bank of Kansas City | U.S. Bank Average |
|---|---|
| 0.35% | 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, Security Bank of Kansas City had $508,000 in non-current loans and $779,000 in owned real estate. To cover these potential losses it had $337,275,000 in equity and $30,095,000 in loans loss reserves. That gives it a Texas Ratio of 0.35%.
Return on Equity
| Security Bank of Kansas City | U.S. Bank Average |
|---|---|
| 11.97% | 10.46% |
Security Bank of Kansas City has a Return on Equity of 11.97% 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
| Security Bank of Kansas City | U.S. Bank Average |
|---|---|
| 9.02% | 10.84% |
Security Bank of Kansas City has a Capitalization of 9.02% 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.
Security Bank of Kansas City Balance Sheet Analysis
As of June 30, 2024, Security Bank of Kansas City had assets of $3,740,070,000, loans of $2,001,270,000, and deposits of $2,861,307,000. 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 | $ 96.21 million |
| Interest-bearing balances | $ 53.30 million |
| Total securities | $ 1,391.88 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 2.00 billion |
| Loan loss allowance | $ 30.10 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.78 million |
| Goodwill and other intangibles | $ 71.93 million |
| All other assets | $ 91.30 million |
| Total Assets | $ 3.40 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.86 billion |
| Interest-bearing deposits | $ 2.05 billion |
| Deposits held in domestic offices | $ 2.86 billion |
| % insured (estimated) | 67.12% |
| Federal funds purchased and repurchase agreements | $ 179.83 million |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 9.16 million |
| Total Liabilities | $ 3.40 billion |
| Shareholders’ Equity | $ 337.28 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 85.16 million |
| Total Interest Expense | $ 34.21 million |
| Net interest income | $ 50.95 million |
| Provision for loan and lease losses | $ 3.00 million |
| Total non interest income | $ 9.17 million |
| Total non interest expense | $ 31.86 million |
| Pre-tax Net Operating Income | $ 23.83 million |
Bank Loan Profile?
The top three loan types in Security Bank of Kansas City’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Commercial and Industrial Loans.
Compared to other banks in Kansas, Security Bank of Kansas City has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate 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 | 3.14 | ✓ | ||
| Multifamily Mortgages |
7.64 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.05 | ✓ | ||
| Small Business Loans | 3.19 | ✓ | ||
| Construction and Development Loans | 17.27 | ✓ | ||
| Commercial Real Estate | 34.28 | ✓ | ||
| Commercial and Industrial Loans | 8.55 | ✓ | ||
| Farm Loans | 0.05 | ✓ | ||
Customer Reviews for Security Bank of Kansas City
ccass
September 13, 2021 |
On September 13th, 2021. I called “SBOK” to verify if the account number matches the business name that is on the check I’ve received. I spoke with a supervisor named Brenda Jones. Brenda informed me that she could not very the account and I would have to go to inside the bank to get help. Once I told her that I live in another state, Brenda asked me for the name of the business. When I told her the name she responded by saying the name does not sound familiar and I should contact my bank to get further verification. Which does not make sense, because I do not bank with “SBOK”. So how would my bank verify this check? When I asked Brenda how would my bank verify the name on this check if I bank with a different bank? Brenda then started responding rudely. She would make smart remarks and laugh while talking to me. I asked Brenda to transfer me over to speak with someone higher than her because Brenda gave me false information on how to move forward. She transferred me over to Jordy Arnold. When speaking with Jody, she first asked what happened and what I need help with. She told me she would not be able to verify the name. After asking her why, she asked me for the account number and how did I receive the check. I spent over ten minutes giving Jody the account number and explaining to her how I received the check just for her to tell me she can not help me. When I asked Jody what was the reason for asking me for this information she could not give me an answer and hung up in my face. I am very disappointed and baffled. I’ve never experienced poor customer service from a bank like this. Would not recommend doing business with this bank!
Is this review helpful? Yes:0 / No: 0
Add Your Review
or use your BestCashCow account