Security Federal Savings Bank
Logansport, Indiana, Cass County
$464M in total assets, the 1,901st largest of 4,309 US banks and 43rd of 89 headquartered in Indiana.
- FDIC certificate
- 28894
- Established
- 1934
- Owned by
- Security Federal Mutual Bcorp
- Primary regulator
- OCC
- Website
- www.secfedbank.com
At a glance
Compared with 59 banks headquartered in Indiana with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $464M | 64% | $396M | |
| Loans | $390M | 71% | $265M | |
| Deposits | $400M | 63% | $339M | |
| Return on assets | 0.68% | 15% | 1.03% | |
| Net interest margin | 3.72% | 49% | 3.73% | |
| Efficiency ratio | 74.6% | 76% | 65.8% | |
| Equity to assets | 10.20% | 63% | 9.41% | |
| Loans to deposits | 97% | 88% | 82% |
Growth
Total assets grew 6.4% a year over the last 5 years and 7.2% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 1984 | Kokomo Federal Savings and Loan Association Kokomo, IN | $28M |
Where they operate
8 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cass County, IN | $285M | 24.0% | 1 of 6 |
| Carroll County, IN | $43M | 11.9% | 6 of 6 |
| Tippecanoe County, IN | $35M | 0.9% | 12 of 17 |
| Howard County, IN | $29M | 1.5% | 8 of 8 |
| Hamilton County, IN | $8M | 0.0% | 31 of 32 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 3 branches since 2016 (5 to 8, +60.0%). 3 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 5 | |||
| 2020 | Opened Kokomo and West Lafayette | 2 | 0 | +2 | 7 |
| 2024 | Opened Zionsville | 1 | 0 | +1 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 59% | 43% | |
| Commercial real estate | 23% | 21% | |
| Construction and land | 6% | 6% | |
| Business (C&I) | 4% | 9% | |
| Multifamily | 4% | 3% | |
| Farmland | 2% | 9% | |
| Agricultural | 1% | 5% | |
| Consumer | 1% | 3% | |
| Other | 2% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 57% | 56% | |
| Time deposits | 28% | 27% | |
| Noninterest-bearing | 16% | 17% |
Brokered deposits are 0.0% of deposits (peers 2.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.31% | 0.61% |
| Net charge-offs, annualized | 0.03% | 0.01% |
| Reserves to loans | 0.93% | 1.26% |
| Leverage ratio | 10.96% | 10.00% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Indiana
Largest competitors in Cass County, IN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/security-federal-savings-bank-logansport-in