Security State Bank South Texas

What Security State Bank South Texas does

Security State Bank South Texas is a privately held, state-chartered community bank founded in 1925 and headquartered in Pearsall, Texas, operating seven full-service branches plus a motorbank across Frio, Atascosa, Medina, McMullen, and Bexar Counties. The bank serves individuals, small businesses, and agricultural borrowers with a unified suite of deposit and lending products: four checking account tiers (Basic Checking, Regular Checking, Super Now, and Money Market), Personal Savings, Time Deposits, Certificates of Deposit, and consumer, commercial, and agricultural loans. Under Mike Wilson's presidency from 2005 onward, the loan portfolio grew from $59 million to over $365 million and total assets increased by more than $283 million, with continued branch expansion including Castroville (2016) and Hondo (2020).

The bank's core technology is a traditional community banking stack: a third-party online banking platform (ibanking-services.com via Flex) with native iOS and Android mobile apps, MasterCard-branded EMV chip debit cards, and a separate Commercial E-Banking platform offering ACH origination, NACHA file imports, sub-user administration, balance reporting, and Positive Pay fraud protection. Multi-level authentication including challenge questions and one-time PINs provides security for digital access, and integrations with Plaid, Quicken, MX Personal Finance, and ShareFile extend the digital ecosystem. A full online banking refresh — including a new interface, automatic transaction categorization, and budgeting tools — is scheduled to launch June 25, 2025.

Security State Bank South Texas earns revenue primarily through net interest income on its loan and securities portfolios, supplemented by service charges on checking and savings accounts (with monthly fees triggered when balances fall below defined thresholds), per-transaction fees, certificate of deposit spreads, and commercial cash management fees (ACH origination, Positive Pay). The bank does not publicly disclose interest rates on deposits or loans, requires direct phone contact for current CD pricing, and markets itself through community event sponsorships, youth program support, local news coverage, and its website rather than digital acquisition channels. Leadership includes President/CEO Clayton Neal, EVP/CFO Carla Muennink, and EVP Todd Redfearn; Chairman Chip Briscoe leads a board that includes farmers, ranchers, a lawyer, and a petroleum production executive.

Name

Security State Bank South Texas

Legal name

Security State Bank South Texas

Website

https://securitystbk.com

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

11–50 employees

Short description

Security State Bank South Texas is a privately held, state-chartered community bank founded in 1925, headquartered in Pearsall, Texas, operating seven branches across South Texas to serve individuals, small businesses, and agricultural borrowers with deposit accounts, consumer and commercial loans, and digital banking services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking
• Retail banking services
• Agricultural lending
• Commercial lending
• Deposit accounts

Headquarters

HQ city

Pearsall

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Primary revenue from interest earned on consumer loans, commercial loans, agricultural loans, and mortgages. Loans have grown from $59 million to over $365 million since June 2005.
2. Checking and Savings Account Fees: Monthly service charges when minimum balances fall below thresholds ($750 for Regular Checking, $1,000 for Super Now and Money Market accounts). Per-transaction fees for excessive withdrawals.
3. Time Deposit Products: Certificates of Deposit with competitive interest rates and early withdrawal penalties generating fee income.
4. Online Banking Services: Basic internet banking free; Bill Payment free for consumers; Business customers may incur charges for ACH origination and NACHA file imports.
5. Commercial Banking Services: ACH origination, balance reporting, sub-user administration, Positive Pay services for business customers with associated fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Security State Bank South Texas is a state-chartered community bank offering deposit products (checking, savings, money market, certificates of deposit) and lending products (consumer, commercial, and agricultural loans) to individuals, local businesses, and farmers/ranchers across South Texas. Banking services are delivered through seven physical branches, an ATM network, and digital channels including online and mobile banking, with additional commercial cash management such as ACH origination and Positive Pay.

Product overview

Security State Bank South Texas operates as a community bank offering a unified suite of deposit and lending products. The core banking offerings include four checking account types (Basic Checking, Regular Checking, Super Now Account, and Money Market Account), two savings options (Personal Savings and Time Deposits), Certificates of Deposit, and loan products spanning consumer, commercial, and agricultural lending. Digital banking services complement these products through Online Banking and Mobile Banking platforms, with additional services including MasterCard debit cards with EMV chip technology, Bill Payment, and Electronic Statements. All products are delivered across eight physical branch locations in the South Texas region.

Differentiator

Problem solved

Functional benefit

Products and services

• Basic Checking Entry-level personal checking account with 20 free withdrawals per statement cycle ($0.12 per withdrawal thereafter), ATM access, ACH debits and credits, monthly statements, and a debit card. Requires $100 to open with no minimum balance. Designed for individual consumers seeking low-cost everyday banking.
• Regular Checking Personal checking account with unlimited transactions, ATM access, ACH debits and credits, monthly statement with items, and debit card. Requires $100 to open and a $750 minimum continuous balance to avoid monthly service fees. For individual consumers with higher transaction volume.
• Super Now Account Interest-bearing personal checking account with unlimited transactions, competitive interest rates, ATM access, ACH credits and debits, monthly statement with items, and debit card. $15 monthly service charge if balance falls below $1,000 plus 10 cents per item. For individual consumers wanting interest on checking balances.
• Money Market Account Interest-bearing limited-transaction account with six withdrawals per month, tiered interest rates based on balance, ACH debits and credits, and monthly statement with images. $15 monthly service charge if balance falls below $1,000. For individuals seeking higher-yield insured deposits.
• Personal Savings Interest-bearing limited-access savings account with two free withdrawals per month ($2 thereafter), ACH credits, quarterly statements, and quarterly interest payments. $100 minimum to open; $2 monthly fee if balance falls below $100; no fees if balance exceeds $2,500. For individual savers.
• Time Deposits Long-term savings product with competitive rates, variable maturities, and interest payable at various intervals. $1,000 minimum balance; no maintenance fees but early withdrawal penalties apply. For individual customers seeking fixed-term deposits.
• Certificates of Deposit Time deposit investment products with competitive interest rates and various maturities; interest rate information available by contacting the bank directly by phone. For individual customers seeking FDIC-insured fixed-income deposits.
• Consumer Loans Personal loans for vehicles, vacations, and general expenses, with personalized service from consumer lenders at branch locations. Subject to credit approval; rates and terms not publicly disclosed. For individual borrowers in South Texas.
• Commercial Loans Business financing for property purchases, equipment purchases, major renovations, and operating funds, with personalized financing options and responsive commercial lending. Subject to credit approval. For local businesses across South Texas.
• Agriculture Loans Specialized lending for farming and ranching operations including land purchases, ranch acquisitions, and cattle purchases, delivered by lenders with agricultural backgrounds. For farmers, ranchers, and agribusiness operators in South Texas.
• Online Banking Internet banking platform providing 24/7 account access including balance inquiries, transfers between accounts, secure messaging, transaction downloads, loan payments, online check reordering, and 18 months of transaction history. Free for consumer users.
• Mobile Banking Mobile banking applications available on the App Store and Google Play providing account access, alerts, and banking services for iOS and Android smartphones and tablets.
• MasterCard Debit Card EMV chip-enabled MasterCard debit card accepted at millions of locations worldwide, providing enhanced fraud protection through chip technology with PIN authentication. For consumer and business account holders.
• Bill Payment Optional bill payment service allowing customers to schedule and pay bills to merchants within the United States, with electronic bill presentment and delivery through the online banking platform. Free for consumer customers.
• Electronic Statements Electronic delivery of account statements available for enrolled accounts, providing 18 months of statement history accessible through online banking. For consumer and business customers.
• ATM Services Network of ATMs at branch locations including headquarters, IH 35 Branch, Kreg's location, Pleasanton, Devine, and Castroville for cash withdrawals and account access.
• Commercial E-Banking Business-focused digital banking with ACH origination, direct deposit, NACHA file imports, balance reporting, sub-user administration, and Positive Pay fraud protection. Requires separate company ID login. For business banking customers.

Quantifiable outcome

• Loans grew from $59 million to over $365 million since June 2005
• +2 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered minor.

• Castroville State BankminorStrategic or Co-development Partner · 5 May 2021Joint blood drive collaboration for the Castroville Community with Castroville State Bank. Security State Bank employees participated by donating blood at the South Texas Blood & Tissue Center event.
• South Texas Blood & Tissue CenterminorStrategic or Co-development Partner · 5 May 2021Community blood donation partnership. SSB employees donated blood to address COVID-19 pandemic blood shortage. Each donation can save up to three lives.
• San Antonio Food Bank (Pearsall Shed)minorOthers$5,000 donation to Pearsall Shed affiliated with San Antonio Food Bank serving Pearsall, Dilley, and Frio County.
• Bountiful Blessings Food PantryminorOthers$5,000 donation to food pantry serving Pleasanton, Jourdanton, Poteet, and Atascosa County.
• Devine Food PantryminorOthers$2,500 donation to food pantry serving Devine, Natalia, and southern Medina County.
• Medina County Food PantryminorOthers$2,500 donation to food pantry serving Castroville, Hondo, D'Hanis, and northern Medina County.
• Primo's Feed & SupplyminorStrategic or Co-development PartnerJoint donation with Primo's Feed & Supply to provide new scoreboard for Charlotte ISD football field in September 2018.
• Medina Healthcare System / Medina Regional HospitalminorOthersSSB was Music Sponsor for 2019 Medina Art Walk charity event benefiting Medina Healthcare System and Medina Regional Hospital.
• Medina ElectricminorStrategic or Co-development PartnerCo-sponsors (with Medina Electric) of 4th Annual Backyard Bluegrass Concert benefiting Castroville Regional Park botanical garden trail enhancement.
• CASA (Court Appointed Special Advocates for Children)minorOthersSSB employees purchased Christmas presents for 33 children in the CASA program in December 2018.
• Atascosa County Chamber of CommerceminorOthersSponsorship of 53rd Annual Cowboy Homecoming & Turn N Burn event including Team Roping Competition and BBQ Cook-off. Buckle sponsor for team roping event.

Scale indicators6 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Frost Bank: Major Texas-based full-service bank serving retail, small-business, and commercial customers statewide. Broader product set and geographic reach than SSB but overlapping in commercial and community banking focus.
• International Bank of Commerce (IBC Bank): Large Texas-based commercial bank (Zions Bancorporation subsidiary) with deep South Texas presence and strong small-business and ag lending orientation. Operates overlapping products to SSB at significantly larger scale.
• Prosperity Bank: One of the largest Texas community bank holding companies with extensive South Texas branch presence. Active acquirer of community banks, providing both direct competitive overlap and a likely strategic-acquirer profile for SSB.
• Texas Capital Bank: Texas-headquartered commercial bank serving businesses and consumers. Larger scale and broader product set than SSB but competes in overlapping commercial banking categories across Texas.
• PlainsCapital Bank: Texas-headquartered commercial bank offering traditional deposit and lending products across multiple Texas markets. Much larger scale than SSB but the most directly comparable commercial banking model in the same state.

Direct peers

• First Financial Bank: Texas-rooted community bank holding company with multi-branch physical presence across Texas. Comparable in offering traditional deposits, consumer loans, and commercial lending, though somewhat larger in scale.
• TrustTexas Bank, SSB: Small Texas community bank with comparable branch-based retail and small-business banking model. Closest match in scale, product mix, and customer segments to Security State Bank South Texas.
• Austin Bank: East Texas community bank offering traditional deposits and consumer/commercial lending across multiple branches. Closely comparable in scale, product mix, and community-bank operating model.
• American National Bank of Texas: Mid-size Texas community bank offering commercial, consumer, and agricultural lending across multiple branches. Directly comparable in service model and target segments to SSB.
• TexasBank: Texas community bank offering traditional deposit and lending products. Similar size and operating profile to SSB, serving retail and small-business customers through physical branches in Texas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Security State Bank South Texas