Herrin Security Bank in Herrin, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Herrin Security Bank in Herrin, Illinois (IL)
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Herrin Security Bank - Overview

  • General
  • FDIC Certificate #: 17793
    Status: Active
    Federal Reserve ID: 656742
    Bank Holding Company (Regulatory Top Holder): Security Bancorp, Inc. (RSSDID: 1137097, Location: Herrin, IL)
    Date Established: August 12, 1957
    WWW: http://www.herrinsecuritybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12944
    FDIC's unique #: 11742
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: August 12, 1957
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 West Monroe Street, Herrin, IL 62948
    County: Williamson
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Carbondale-Marion-Herrin, IL (#166)
    Core Based Statistical Area (CBSA): Marion-Herrin, IL (#32060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $107.0 mil
    Equity capital: $12.1 mil
    Deposits held in domestic offices: $94.7 mil
    Return on assets (ROA): 0.93% ($1.0 mil)
    Quarterly return on assets: 0.52% ($0.6 mil)
    Return on Equity (ROE): 8.65% ($1.0 mil)
    Quarterly return on equity: 4.61% ($0.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.93% ($995.3 mil)
    Quarterly Pretax return on assets: 0.52% ($556.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $107,022Total assets
  • $3,337Cash and due from depository institutions
  • $388Interest-bearing balances
  • $48,138Securities
  • $4,446Federal funds sold & reverse repurchase agreements
  • $47,358Net loans & leases
  • $562Loan loss allowance
  • $0Trading account assets
  • $1,526Bank premises and fixed assets
  • $307Other real estate owned
  • $0Goodwill and other intangibles
  • $107,022Life insurance assets
  • $1,910All other assets
  • $94,925Total liabilities and capital
  • $94,692Total liabilities
  • $80,574Total deposits
  • $94,692Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $233Subordinated debt
  • $12,097All other liabilities
  • $12,097Total equity capital
  • $12,097Total bank equity capital
  • $0Perpetual preferred stock
  • $225Common stock
  • $1,275Surplus
  • $10,597Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,716Income earned, not collected on loans
  • $0Earning assets
  • $440Long-term assets (5+ years)
  • $100,330Average Assets, year-to-date
  • $46,483Average Assets, quarterly
  • $107,552Volatile liabilities
  • $107,736Insider loans
  • $49,068FHLB advances
  • $107,346Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,758Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $2,944Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,575Total interest income
  • $807Total interest expense
  • $3,768Net interest income
  • $103Provision for loan and lease losses
  • $441Total noninterest income
  • $0Fiduciary activities
  • $171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $270Additional noninterest income
  • $3,191Total noninterest expense
  • $1,589Salaries and employee benefits
  • $300Premises and equipment expense
  • $1,302Additional noninterest expense
  • $915Pre-tax net operating income
  • $81Securities gains (losses)
  • $0Applicable income taxes
  • $996Income before extraordinary items
  • $0Extraordinary gains - net
  • $996Net income attributable to bank
  • $0Net charge-offs
  • $996Cash dividends
  • $158Sale, conversion, retirement of capital stock, net
  • $365Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 8.65%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 65.19%Credit loss provision to net charge-offs
  • 6.44%Efficiency ratio
  • 75,814Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.65%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 32.75%Noncurrent assets plus other real estate owned to assets
  • 1.89%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 50.01%Net loans and leases to core deposits
  • 51.57%Equity capital to assets
  • 11.30%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 21.92%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $107,552Average earning assets
  • $11,512Average equity
  • $100,596Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011742Herrin Security Bank114 West Monroe Street, Herrin, IL 62948August 12, 1957Full Service Brick and Mortar
    1242786Royalton Facility205 South Main Street, Royalton, IL 62983November 15, 1982Full Service Brick and Mortar

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