Northeast Security Bank
Northeast Security Bank is a privately held community bank operating seven branches across northeast Iowa, providing agricultural, business, mortgage, and consumer lending alongside deposit products and digital banking services to farm families, local businesses, and individual consumers.
- Company typePrivate
- Founded1888
- HeadquartersSumner, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Northeast Security Bank does
Northeast Security Bank is a privately held community bank headquartered at 106 East Main Street in Decorah, Iowa, operating seven branches across northeast Iowa (Decorah, Dysart, Fairbank, Fayette, Fredericksburg, Independence, and Sumner). The bank is FDIC-insured, displays the Equal Housing Lender logo, and complies with WCAG 2.0 AA web accessibility standards. It serves farm families, local small businesses, individual consumers, and homebuyers in rural northeast Iowa through a relationship-led model that combines in-branch consultation with self-service digital banking.
The product platform spans deposit accounts (It's Your Choice Checking, On the Go Checking, Super Now Account, Money Market, Regular Savings, Single System Savings, CDs, Traditional and Roth IRAs, and a Friendship Club savings account for customers aged 50+) and a four-vertical lending platform: agricultural loans (operating loans, equipment financing, livestock loans, farmland acquisition, FSA Guaranteed Loan programs, USDA Beginning Farmer programs); business loans (operating lines of credit, machinery and equipment term loans, real estate and construction loans, SBA loans); residential mortgages (fixed-rate, adjustable-rate, refinancing); and personal loans (vehicles, home improvement, farmland purchase). The digital suite includes an online banking platform, a mobile app with Mobile Deposit, Bill Pay, and E-Statements, supported by 15 financial planning calculators and a Switch Kit for onboarding customers from other banks. Vendor integrations include Deluxe for check reordering, VGM Forbin for website infrastructure, and Shazam for card services.
Revenue is generated primarily through net interest income on the loan portfolio across ag, business, mortgage, and consumer segments, supplemented by transaction-based fee income from deposit accounts: monthly maintenance fees ($5-$10), minimum balance fees ($3), excess debit fees ($0.25-$3.00), and early withdrawal penalties on CDs and IRAs. Go-to-market is sales-led and relationship-driven through experienced loan officers at the seven branches, with online and mobile channels serving as 24/7 self-service supplements rather than primary acquisition channels.
Northeast Security Bank firmographics
Firmographics- Name
- Northeast Security Bank
- Legal name
- Northeast Security Bank
- Website
- https://banknsb.com
- Company type
- Private
- Founded year
- 1888
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Northeast Security Bank is a privately held community bank operating seven branches across northeast Iowa, providing agricultural, business, mortgage, and consumer lending alongside deposit products and digital banking services to farm families, local businesses, and individual consumers.
- Ownership category
- akta.pro rank
Where Northeast Security Bank is headquartered
LocationHeadquarters
- HQ city
- Sumner
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Northeast Security Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income from Lending: Primary revenue stream from interest earned on agricultural loans, real estate mortgages, personal loans, business loans, and operating lines of credit. Loan products include fixed and adjustable rate mortgages, SBA loans, FSA guaranteed loans, USDA beginning farmer programs, machinery and equipment loans, livestock loans, and construction loans.
- Deposit Account Fees and Service Charges: Monthly maintenance fees on checking and savings accounts, minimum balance fees, excess debit fees, and early withdrawal penalties on CDs. Fee income from account services such as check reordering through third-party provider Deluxe.
- Full-Service Banking Products: Revenue from comprehensive banking services including checking accounts, savings accounts, CDs, IRAs, and mortgages serving both consumer and business customers in northeast Iowa communities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | It's Your Choice Checking - Flexible account with customizable perks |
| Subscription | Monthly | On the Go Checking - Low-cost basic checking account |
| Subscription | Monthly | Super Now Account - Interest-bearing checking |
| Subscription | Monthly | Money Market Account - Interest-bearing with limited withdrawals |
| Subscription | Monthly | Regular Savings - Flexible savings with interest |
| Subscription | Monthly | Single System Savings - Basic savings account |
| Subscription | Multi-year contract | Certificate of Deposit (CDs) |
| Subscription | Multi-year contract | Individual Retirement Accounts (IRAs) - Traditional and Roth |
| Subscription | Monthly | Friendship Club Savings - Age 50+ membership account |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Northeast Security Bank product offering
Product offeringCore offering
Northeast Security Bank is a community bank that provides deposit products (checking, savings, money market, CDs, IRAs), lending products (agricultural, mortgage, business, and personal loans), and digital banking services (online banking, mobile banking with mobile deposit, bill pay, and e-statements). It operates seven physical branches across northeast Iowa and serves farm families, local businesses, and individual consumers primarily in rural Iowa communities.
Product overview
Northeast Security Bank is a community bank serving northeast Iowa with a unified banking platform offering deposit accounts, lending products, and digital banking services. The core banking products include checking accounts (It's Your Choice Checking, On the Go Checking, Super Now Account, Money Market Account), savings options (Regular Savings, Single System Savings, CDs, IRAs, Friendship Club Savings), and loan products (Personal Loans, Business Loans, Mortgages, Agricultural Loans). The digital banking suite encompasses Online Banking, Mobile Banking with Mobile Deposit, Bill Pay, and E-Statements. These products operate as an integrated banking platform where deposit accounts serve as the foundation for loans and digital services, with the Financial Calculators and Switch Kit provided as supplementary tools. The bank operates seven branch locations throughout the region.
Differentiator
Problem solved
Functional benefit
Companies that use Northeast Security Bank
Customer profileSegments4 records
Ideal customer profiles4 records
Northeast Security Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Northeast Security Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Deluxe CorporationminorDeluxe provides check reordering services for Northeast Security Bank customers. Customers can order checks through the Deluxe website using their account and routing numbers.
- Membership Checking Account CompanyminorJoint marketing partner for membership checking account products as referenced in the Privacy Policy. Specific company name not disclosed.
Scale indicators2 records
Recent moves6 records
Expansion highlights3 records
Northeast Security Bank competitors and assessment
Company assessmentDirect peers
- Bank Iowa: Iowa-headquartered community bank offering deposit accounts, lending, and digital banking across multiple Iowa communities. Directly comparable as a same-state community bank serving consumers, small businesses, and ag-related borrowers in rural and small-town markets.
- West Bank: Iowa-headquartered community bank with branches across western and central Iowa offering personal, business, and ag banking. Comparable footprint and product mix, serving similar rural and small-town customer segments.
- United Bank of Iowa: Community bank headquartered in Iowa with a multi-branch network serving consumer, business, and agricultural lending needs. Comparable as a regional Iowa community bank with a similar agricultural and small-business customer focus and relationship-based GTM.
- Two Rivers Financial Bank: Iowa-based community bank offering consumer, business, and agricultural lending with a small multi-branch footprint. Highly comparable as a similarly sized Iowa community bank focused on local relationships and ag/commercial lending.
- Hills Bank and Trust Company: Iowa-based community bank with a similar multi-branch regional model serving consumer, business, and agricultural customers. Highly comparable as a privately held, relationship-led Iowa community bank competing for the same household and small-business deposits and loans.
- Iowa State Bank: Iowa-based community bank providing deposit products, mortgages, and ag/commercial lending to rural Iowans. Closely mirrors NSB's combination of branch-based service, agricultural lending exposure, and full-service consumer banking.
- First Bank Hampton Iowa: Independent Iowa community bank serving a similar rural Iowa customer base with deposit products, mortgages, and ag/commercial loans. Directly comparable as a same-state community bank of similar size and product breadth.
Regional players
- GreenState Credit Union: Large Iowa-based credit union offering consumer deposits, mortgages, and business lending statewide and beyond. Comparable as a competing Iowa-headquartered deposit-taker and mortgage originator, but operating under a credit-union rather than bank charter and at significantly larger scale.
Broad incumbents
- Heartland Financial USA / HTLF: Midwestern bank holding company with community banks across multiple states, including ag-heavy markets. Comparable as an acquirer/operator of community banks serving agricultural and small-business customers, but operating at regional scale and with public-market resources.
- TBK Bank, SSB: Community and commercial bank with Midwest presence including ag-related lending and deposit products. Comparable in serving rural and small-town customers with traditional banking products, but larger and more geographically diversified than NSB.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Northeast Security Bank social profiles
Digital presenceNortheast Security Bank compliance and trust
Trust signalCompliance3 records
Northeast Security Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Northeast Security Bank leadership team
Management profileNumber of profiles
Northeast Security Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Northeast Security Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Northeast Security Bank
What does Northeast Security Bank do?
Northeast Security Bank is a community bank that provides deposit products (checking, savings, money market, CDs, IRAs), lending products (agricultural, mortgage, business, and personal loans), and digital banking services (online banking, mobile banking with mobile deposit, bill pay, and e-statements). It operates seven physical branches across northeast Iowa and serves farm families, local businesses, and individual consumers primarily in rural Iowa communities.
Is Northeast Security Bank a public or private company?
Northeast Security Bank is a private company. It is classified as unknown and is currently operating.
When was Northeast Security Bank founded?
Northeast Security Bank was founded in 1888. It employs 11 to 50 people.
Where is Northeast Security Bank based?
Northeast Security Bank is headquartered in Sumner, United States, in the North America region.
How does Northeast Security Bank make money?
Three revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Account Fees and Service Charges and full-Service Banking Products.
Who are Northeast Security Bank's main competitors?
Direct peers on record are Bank Iowa, West Bank, United Bank of Iowa, Two Rivers Financial Bank, Hills Bank and Trust Company, Iowa State Bank and First Bank Hampton Iowa. GreenState Credit Union is listed as a regional player. Broad incumbents are Heartland Financial USA / HTLF and TBK Bank, SSB.
Does Northeast Security Bank have an API?
No public API is recorded for Northeast Security Bank.