Security First Bank Selects WebEquity to Automate Its Commercial and Ag Lending

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On-demand software offers $800 million community bank a complete solution to help manage credit quality, consistency in lending practices and portfolio risk.

The WebEquity system is unique in that it offers us a single system which has been designed to address the unique credit analysis requirements of Ag, commercial real estate and small business loans.

WebEquity Solutions™ LLC (WebEquity) announced today that Security First Bank, a Nebraska based institution, has selected the Company’s on-demand lending software to automate the bank’s credit analysis and portfolio risk management processes for all its commercial and agriculture loans.

Security First Bank, $800 million in asset size and with more than 26 locations in Nebraska and southwest South Dakota, is a full-service community bank offering its customers comprehensive personal and business banking services including commercial, crop and personal insurance products. After conducting a thorough review of the on-demand software, Security First Bank selected WebEquity to provide a single solution for its Ag, commercial and SBA loans.

“Our goal was to standardize on a software package that could automate our stringent loan commitment and approval policies and help us manage consistency in our loan presentations,” said Jim Varvel, executive vice president, Security First Bank. “The WebEquity system is unique in that it offers us a single system which has been designed to address the unique credit analysis requirements of Ag, commercial real estate and small business loans.”

“Security First Bank realized that a single lending system of record would help them gain significant control over the uniformity of their lending practices as well as enable them to better analyze their entire loan portfolio,” said Doug McGregor, CEO of WebEquity Solutions. “The WebEquity solution also provides stress testing, concentration assessments and sensitivity analysis across its entire portfolio to meet today’s stringent regulatory compliance requirements.”

Security First Bank also stated that the WebEquity system would help the bank implement a risk rating model as mandated by the regulators, and using a single solution would help ease the training burden for new staff. The bank also acknowledged WebEquity’s excellent support and service was a key factor in expanding its use of the Company’s software.

WebEquity is an on-demand, software as a service (SaaS) offering which significantly reduces the demand on a bank’s IT resources and enables lenders to access their loan information from anywhere via a Web browser. Its flexible design also allows an institution to setup the software to support the bank’s specific policies and lending guidelines such as credit analysis, risk ratings and approval processes. WebEquity provides the unique benefit of a single system that works for all loan types including commercial, agriculture, small business, commercial real estate, construction and consumer credits; helping an institution better manage consistent, uniform lending practices across the entire organization.

About WebEquity

WebEquity™ is the proven leader in on-demand lending software. More than 600 financial institutions use WebEquity to automate and streamline their lending process and reduce operational costs, while making more uniform and profitable credit decisions. The company offers financial institutions a distinct advantage with a single solution that works for all loan types, an on-demand model that provides centralized, anywhere access and the flexibility to configure the system so it fits their lending practices. WebEquity serves institutions in the U.S., Canada and Australia. For more information call 800-264-0787 or visit

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Dave McEvoy
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