Your Financial Success is Our Mission
"To be the best at delivering personal, professional service to our customers in all we do."
At Security Bank, we understand that banking is more than just a series of transactions. It is building great relationships with both out customers and our co-workers. We are committed to being a valuable financial resource - providing our customers with tools, education, and advice to help them make educated decisions that are right for you and your unique needs.
We believe in taking ourselves lightly and our jobs seriously. Together, we work hard, we laugh a lot, we brainstorm, we reward successes, and we implement great processes to make it all run smooth as possible. And did we mention that we give the best high-fives around. If you have yet to experience the difference of an account relationship with Security Bank, don't you think it's about high time to check it out?
We are here to help!
Strong History of Extraordinary Banking Practices
"Where every customer leaves with a smile and come back with a friend."
Founded in 1928, Security Bank is a family owned bank in Northeast Nebraska serving 5 rural communities in a three-county area with over 40 employees. Our current asset size is approximately $225MM with Agricultural and Agri-business clients making up close to 80% of our current loan portfolio. Our lending staff is well educated and experienced in agricultural lending. We provide our lenders with the education, tools, and resources necessary to keep a competitive edge in our industry. Additionally, the technology we’ve made available to our loyal customers is continuously at the leading edge in the banking industry.
Over the past several years we have been dedicated to implementing revolutionary banking practices that have been proven to add extreme value to our customers. The analytics that Security Bank provides customers and prospects regarding their operations are truly unique.
As a 2017 Extraordinary Bank of the Year Award Recipient and 2018 Hall of Fame inductee, Extraordinary banking practices aren’t something new at Security Bank; it is woven into the fiber of who we are.
J. J. Delay of Beresford, South Dakota, organized the Security National Bank, Laurel, Nebraska, February 4, 1928, with capital stock of $25,000 and a surplus of $5,000. The first Board of Directors members included: J. J. Delay, President, Earl Schuler, W. W. Collins, T. S. Manley, Matthew Bergen, and A. A. Soderstrom. The first annual statement listed $230,000 in deposits and $30,000 in capital investment.
On October 10, 1929, the First National Bank of Omaha, Nebraska purchased the controlling interest of the bank and Earl Sutherland became the President.
Charles Ebmeier, Earl Schuler, C. W. Fahnestock, Ruth Ebmeier, and L. E. Schuler purchased the bank on October 11, 1935 from the First National Bank. Charles Ebmeier was elected President.
In 1973 the Security National Bank was purchased from the Fahnestock family by a group of local investors, headed by Richard E. Adkins of Osmond, Nebraska. These investors formed First Laurel Security Company, a one-bank holding company. The investors included Richard E. Adkins, Richard E. Adkins, Jr., B. D. Pehrson, William Haskell, Fay P. Stewart, Don Pfeil of Wausa and James Stratton of Osmond. Richard E. Adkins, Jr. left the Geneva State Bank, Geneva, Nebraska, to move with his family to Laurel where he assumed the Vice-President position in the Security Bank. The bank's assets at this time were $7,000,000.Richard “Dick” was known for his civic and agricultural activities and worked enthusiastically to promote the community and its major resource – agriculture.
On May 10, 1980, ground was broken and construction began on a new bank building in Laurel and construction was completed December 22, 1980.
Dick was on his way home after returning from Washington, D.C., where he provided testimony on behalf of the American Bankers Association, when he died of an apparent heart attack. He was laid to rest September 9th, 1980. As stated in Dick’s final tribute, “How ironic that a man who gave so much was taken from us before completing his final banking industry efforts – efforts in which his leadership was most needed by the industry he loved so much.”
Upon his passing, the bank reorganized and his son, Richard “Rick” Adkins, Jr., became President. Over the years, Rick kept the legacy of his father alive as family values and extraordinary banking practices have remained a priority at Security Bank. Throughout the years Rick presented similar leadership qualities, accomplishments, and dedication to his family, community, and the banking industry. Rick spent the next 33 years engraining those same qualities into every single person within this organization.
In April 1991, the Security State Bank of Allen, which was owned by First Laurel Security Co. was converted to a branch office of Security National Bank.
In November 1998, Osmond State Bank, Osmond NE, was merged into Security National Bank.
In September 2002 Security National Bank opened a third branch in Hartington, NE.
In July 2005 Coleridge National Bank, Coleridge, NE was merged into Security National Bank, bringing the number of branches available for our customers to five.
In June 2012 Security National Bank changed the name to Security Bank.
In January of 2013, the position of President/CEO transitioned to Keith Knudsen, with Rick remaining as chairman of the board. Keith brought his 32 years of experience at Security Bank with this transition and since then has continued to guide Security Bank to an even greater level of extraordinary banking practices.
2015 - 2016
In both 2015 and 2016, Security Bank was awarded the “Thought Leader Banky” for extraordinary banking practices as a result of our Annual Renewal Portfolio ™. This portfolio provides our agri-business customers with a comprehensive tool to measure the performance of their farm business, consisting of a 17 Point Farm Checkup™ - which provides a series of benchmarks for judging the performance and risk associated with each operation, a detailed monthly cash flow, and breakeven analysis. Since its development we’ve continued to develop additional tools for producers to analyze the success of their operation - such as a Cattle Breakeven, Dairy Breakeven, as well as a Grain Delivery Decision Tool.
Security Bank was named the Top Extraordinary Bank in the United States by The Institute for Extraordinary Banking™ on September 12th, 2017 in Minneapolis, MN.
Security Bank was recognized as the 2018 inductee into the Institute for Extraordinary Banking Hall of Fame, presented at the 2018 Extraordinary Banking™ Awards on September 11th in Minneapolis, MN.