Security Bank in Odessa, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Bank - Overview

  • General
  • FDIC Certificate #: 13408
    Status: Active
    Federal Reserve ID: 641355
    Bank Holding Company (Regulatory Top Holder): Security Star Bancshares, Inc. (RSSDID: 1250286, Location: Odessa, TX)
    Date Established: Febuary 10, 1928
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    FDIC's unique #: 8444
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 28, 2011
    Last Structure Change Process Date: November 15, 2011
    Last Data Update: November 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 East 7th Street, Odessa, TX 79760
    County: Ector
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800)
    Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
    Core Based Statistical Area (CBSA): Odessa, TX (#36220)
    CBSA Metro Statistical Area: Odessa, TX (#36220)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $671.3 mil
    Equity capital: $75.6 mil
    Deposits held in domestic offices: $588.1 mil
    Return on assets (ROA): 1.52% ($10.2 mil)
    Quarterly return on assets: 1.21% ($8.1 mil)
    Return on Equity (ROE): 11.78% ($9.0 mil)
    Quarterly return on equity: 10.31% ($7.8 mil)
    Net income: $8.4 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.52% ($10,203.3 mil)
    Quarterly Pretax return on assets: 1.21% ($8,122.3 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
  • 153Total employees (full-time equivalent)
  • $671,267Total assets
  • $143,474Cash and due from depository institutions
  • $116,007Interest-bearing balances
  • $62,859Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $402,359Net loans & leases
  • $5,087Loan loss allowance
  • $0Trading account assets
  • $18,912Bank premises and fixed assets
  • $782Other real estate owned
  • $27,559Goodwill and other intangibles
  • $671,267Life insurance assets
  • $15,322All other assets
  • $594,301Total liabilities and capital
  • $588,052Total liabilities
  • $354,778Total deposits
  • $588,052Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $4,249Subordinated debt
  • $76,966All other liabilities
  • $75,585Total equity capital
  • $75,585Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $51,009Surplus
  • $24,376Undivided profits
  • Memoranda
  • $1,381Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,452Income earned, not collected on loans
  • $327Earning assets
  • $1,573Long-term assets (5+ years)
  • $581,225Average Assets, year-to-date
  • $125,718Average Assets, quarterly
  • $554,662Volatile liabilities
  • $631,933Insider loans
  • $438,345FHLB advances
  • $614,518Loans and leases held for sale
  • $10,939Unused loan commitments
  • $9,543Tier 1 (core) risk-based capital
  • $49,528Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,396Total unused commitments
  • $97,511Restructured Loans and leases
  • $14,018Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,782Total interest income
  • $2,746Total interest expense
  • $25,036Net interest income
  • $563Provision for loan and lease losses
  • $5,876Total noninterest income
  • $0Fiduciary activities
  • $2,841Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,035Additional noninterest income
  • $20,737Total noninterest expense
  • $9,943Salaries and employee benefits
  • $2,235Premises and equipment expense
  • $8,559Additional noninterest expense
  • $9,612Pre-tax net operating income
  • -$519Securities gains (losses)
  • $0Applicable income taxes
  • $9,093Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,442Net income attributable to bank
  • $651Net charge-offs
  • $9,093Cash dividends
  • $96Sale, conversion, retirement of capital stock, net
  • $5,977Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.80%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 5.23%Net interest margin
  • 1.23%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 11.78%Return on equity (ROE)
  • 3.44%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 586.46%Credit loss provision to net charge-offs
  • 105.99%Efficiency ratio
  • 65,942Assets per employee
  • 4.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.80%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 350.34%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 68.42%Net loans and leases to core deposits
  • 71.81%Equity capital to assets
  • 11.26%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 11.30%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $554,662Average earning assets
  • $71,679Average equity
  • $479,046Average loans

List of branches

  • 13 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08444Security Bank110 East 7th Street, Odessa, TX 79760Febuary 10, 1928Full Service Brick and Mortar
    1229591Crane Branch211 South Gaston, Crane, TX 79731June 14, 1989Full Service Brick and Mortar
    213756Big Lake Branch405 W. 2nd Street, Big Lake, TX 76932September 02, 1969Full Service Brick and Mortar
    3229592Mc Camey Branch1001 Burleson, Mc Camey, TX 79752August 03, 1998Full Service Brick and Mortar
    4361258Odessa Branch4040 E. 42nd St, Odessa, TX 79762August 29, 2001Full Service Brick and Mortar
    7429320North Country Road Branch2752 North County Road West, Odessa, TX 79764June 17, 2004Full Service Brick and Mortar
    810882Monahans Branch307 South Main Street, Monahans, TX 79756March 01, 1949Full Service Brick and Mortar
    9362530West Wadley Branch5312 West Wadley Avenue, Midland, TX 79707August 06, 2001Full Service Brick and Mortar
    10419924Paragon Building Branch600 N. Marienfeld 1st Floor, Midland, TX 79701April 01, 2003Full Service Brick and Mortar
    11449846Texas Hill Bank Branch18966 Forty Six Park Way, Spring Branch, TX 78070January 30, 2006Full Service Brick and Mortar Branch110 E. 7th St, Odessa, TX 79761October 01, 2010Full Service Cyber
    1336248Devine Branch100 East Hondo Street, Devine, TX 78016Febuary 23, 1987Full Service Brick and Mortar
    14363786San Antonio Branch2526 N. Loop 1604 W., San Antonio, TX 78248December 03, 2001Full Service Brick and Mortar

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