Security Bank of Kansas City is not only a privately owned community bank but going with a single idea for a better banking service.
As a community bank, this one ensures top-notch service and offers every type of financial product. This local bank knows which method will work to fulfill the community’s needs.
Following this method, they introduced different types of products and services that we need most at present.
Even this bank has a superior team for personal banking, digital banking solutions, and many more. They are highly professional to show the path to meet your financial needs.
What is the Security Bank of Kansas City?
There are thousands of privately and locally-owned community banks in the United States of America. In Kansas City, only a few you can find that also give the best service compared to others.
Security Bank of Kansas City is one of those that was established in 1933. It is the 5th largest community bank in Kansas City and 333rd largest bank in the whole nation.
They have every essential financial product and service that is available for the dwellers in Kansas City. For best and quality services, Security Bank got an “A+” rating.
Key Information You Should Know About Security Bank of Kansas City:
First, as a customer, you should know the fundamental information about the bank that you want to choose. In this section, you need to know the type, activity, certificates, availability, and many more.
We gathered all key information about the Security Bank of Kansas City. Check it out from the table below.
| Particulars | Remarks |
| Website | http://www.securitybankkc.com |
| Industries | Banking, Financial Services |
| Headquarters | Kansas City, Kansas |
| Company Size | 501 – 1000 employees |
| Type | Privately Held |
| Founded Date | Jan 1, 1933 |
| Operating Status | Active |
| Company Type | For-Profit |
| FDIC Insured | Yes |
| FDIC Certificate | 4705 |
| Capital | $494.98 million |
| Primary Regulator | FDIC |
| Return on Assets – YTD | 1.02% |
| Return on Equity – YTD | 7.34% |
| Annual Interest Income | $95.6MM |
Assets and Liability Status:
A bank can show how their business is going on and how better they are doing in the current period through a comparison chart.
For this bank, we also take some key fanatical parameters like assets, loans, deposits, equity capital, loan loss, real estate, and many more. Give a glance at them below.
| Particulars | Q4 2021 | Q4 2020 |
| Assets | $3.66B | $3.42B |
| Loans | $1.44B | $1.69B |
| Deposits | $3.04B | $2.75B |
| Equity Capital | $447.3MM | $529.5MM |
| Loan Loss Allowance | $35.4MM | $34.6MM |
| Unbacked Noncurrent Loans | $436.00K | $7.5MM |
| Real Estate Owned | $598.00K | $3.4MM |
What Types of Products A Person Can Avail Form This Bank?
A community bank only can earn trust by offering a wide range of financial products along with quality services. That’s how they can contribute to a person’s financial life.
Even, customers can easily fit their financial needs with all these products. That’s why offering a wide range of products is important for a community bank.
The Security Bank of Kansas City also follows the same trend to offer such types of products. Check all these products below.
Personal Banking:
- Refer A-Friend
- Checking
- Savings
- CDs & IRAs
- Lending
- Mortgage Loans
- Mortgage Refinancing
- Telephone Banking
- Investments
- Trusts
- Consumer Credit Card Program
- Order Checks
- Resource Center
Business Banking:
- Checking
- Lending
- Business Credit Card Program
- Cash Management
- Credit Card Processing
- Order Checks
- Resource Center
eBanking:
- Digital Wallet
- Mobile Banking
- Online Banking
Resource Center:
- Report Lost/Stolen Card
- Rates
- Financial Education
- Financial Calculators
- Online Fraud & Security
- Helpful Documents
What about the Rate of the Most Popular Product of Security Bank of Kansas City?
A product will be much better and more lucrative to the client when the bank offers a higher rate of return and imposes low charges. For this bank, we found some of these types of products and rates that are given below.
| Product | Current Terms and Rates | Minimum Balance for APY |
| Savings Account | 0.15% APY | $100 |
| Checking Account | 0.05% APY | $500 |
| Certificates of Deposit | 12 Months: 0.45% APY 24 Months: 0.65% APY 36 Months: 0.80% APY 48 Months: 1.00% APY 60 Months: 1.15% APY | $500 for all terms |
| Money Market Accounts | 0.5% APY 0.65% APY | $10000 $15000 |
| APY | Account Type | How They Compare |
| 0.50% | Reward Checking | 0.01% |
| 0.60% | 5 Year CD | 0.73% – National Average |
| 0.25% | 1 Year CD | 0.80% – Capital One 12 Month 360 CD |
How Can You Compare the Rate With Others?
To compare the rate, you need different types of rates from different banks for different products. Here is a comparison chart is given below for your better understanding.
| Notable Rates | APY | Vs. Others |
| Savings | 0.10% | 0.85% |
| 1 Year CD | 0.35% | 1.05% |
| 2 Year CD | 0.50% | 1.50% |
| 5 Year CD | 0.75% | 1.80% |
| 30 Year Mortgage | N/A | 2.81% |
| 15 Year Mortgage | N/A | 2.36% |
| HELOC | N/A | .79% |
What About The Fees?
Now all you know is about the product type and the rate. But what about the fees and other charges? The bank we are talking about imposing extremely low charges.
If you compare all the rates of this bank with the national average, then you’ll find the answer. They don’t have any monthly fees, non-network ATM fees, and overdraft fees.
So, as a client, you don’t need to think twice about the charges of all types of services of this bank.
| Particulars | National Average |
| Monthly Fee ($0) | $3.21 |
| Non-network ATM Fee (N/A) | $1.20 |
| Overdraft Fee (N/A) | $35 |
Conclusion:
Most of the community banks have deep roots with commitment and dedication to financial services that make us happy to choose them.
Security Bank of Kansas City is playing a pivotal role in the development of Kansas City as well as its residents.
This full-service community bank is the last place where we can find the solution to meet our financial needs and fulfill all our dreams.
They know how to blend their service for both personal and business banking. That’s why everyone found their product as well as their rate and services very much compact and flexible.
