security bank of kansas city

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.

Picture: Security Bank of Kansas City
Picture: Security Bank of Kansas City

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.

Picture: Make your account online
Picture: Make your account online

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.

ParticularsRemarks
Websitehttp://www.securitybankkc.com
IndustriesBanking, Financial Services
HeadquartersKansas City, Kansas
Company Size501 – 1000 employees
TypePrivately Held
Founded DateJan 1, 1933
Operating StatusActive
Company TypeFor-Profit
FDIC InsuredYes
FDIC Certificate4705
Capital$494.98 million
Primary RegulatorFDIC
Return on Assets – YTD1.02%
Return on Equity – YTD7.34%
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.

ParticularsQ4 2021Q4 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.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Account0.15% APY$100
Checking Account0.05% APY$500
Certificates of Deposit12 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 Accounts0.5% APY 0.65% APY$10000 $15000
APYAccount TypeHow They Compare
0.50%Reward Checking0.01%
0.60%5 Year CD0.73% – National Average
0.25%1 Year CD0.80% – 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 RatesAPYVs. Others
Savings0.10%0.85%
1 Year CD0.35%1.05%
2 Year CD0.50%1.50%
5  Year CD0.75%1.80%
30 Year MortgageN/A2.81%
15 Year MortgageN/A2.36%
HELOCN/A.79%
Picture; National Average vs. Security Bank
Picture; National Average vs. Security Bank

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.

ParticularsNational Average
Monthly Fee ($0)$3.21
Non-network ATM Fee (N/A)$1.20
Overdraft Fee (N/A)$35
Picture: Control your account through the mobile app
Picture: Control your account through the mobile app

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.

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