Security Bank in Newbern, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Bank - Overview

  • General
  • FDIC Certificate #: 2391
    Status: Active
    Federal Reserve ID: 497851
    Bank Holding Company (Regulatory Top Holder): Security Bancorp Of Tennessee, Inc. (RSSDID: 1135374, Location: Halls, TN)
    Date Established: January 01, 1931
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10069
    FDIC's unique #: 1572
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 602 West Main Street, Newbern, TN 38059
    County: Dyer
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Dyersburg, TN (#20540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $166.6 mil
    Equity capital: $19.3 mil
    Deposits held in domestic offices: $137.1 mil
    Return on assets (ROA): 1.01% ($1.7 mil)
    Quarterly return on assets: 1.08% ($1.8 mil)
    Return on Equity (ROE): 8.86% ($1.7 mil)
    Quarterly return on equity: 9.14% ($1.7 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.20% ($1,999.1 mil)
    Quarterly Pretax return on assets: 1.28% ($2,132.4 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
  • 71Total employees (full-time equivalent)
  • $166,592Total assets
  • $8,036Cash and due from depository institutions
  • $1,310Interest-bearing balances
  • $74,067Securities
  • $2,901Federal funds sold & reverse repurchase agreements
  • $67,703Net loans & leases
  • $1,409Loan loss allowance
  • $0Trading account assets
  • $3,624Bank premises and fixed assets
  • $515Other real estate owned
  • $0Goodwill and other intangibles
  • $166,592Life insurance assets
  • $9,746All other assets
  • $147,256Total liabilities and capital
  • $137,091Total liabilities
  • $119,861Total deposits
  • $137,091Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 5148.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,300Trading liabilities
  • $0Other borrowed funds
  • $2,717Subordinated debt
  • $19,336All other liabilities
  • $19,336Total equity capital
  • $19,336Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $3,400Surplus
  • $15,536Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $963Income earned, not collected on loans
  • $0Earning assets
  • $1,031Long-term assets (5+ years)
  • $145,981Average Assets, year-to-date
  • $72,405Average Assets, quarterly
  • $164,621Volatile liabilities
  • $165,068Insider loans
  • $105,396FHLB advances
  • $165,537Loans and leases held for sale
  • $5,620Unused loan commitments
  • $5,620Tier 1 (core) risk-based capital
  • $17,496Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,234Restructured Loans and leases
  • $2,531Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,575Total interest income
  • $1,499Total interest expense
  • $5,076Net interest income
  • $140Provision for loan and lease losses
  • $2,321Total noninterest income
  • $0Fiduciary activities
  • $647Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,674Additional noninterest income
  • $5,336Total noninterest expense
  • $3,301Salaries and employee benefits
  • $1,032Premises and equipment expense
  • $1,003Additional noninterest expense
  • $1,921Pre-tax net operating income
  • $56Securities gains (losses)
  • $307Applicable income taxes
  • $1,670Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,670Net income attributable to bank
  • $0Net charge-offs
  • $1,670Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.49%Net interest margin
  • 1.60%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 8.86%Return on equity (ROE)
  • 2.49%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 500.00%Credit loss provision to net charge-offs
  • 73.61%Efficiency ratio
  • 72,137Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.86%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 146.31%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 49.39%Net loans and leases to core deposits
  • 53.00%Equity capital to assets
  • 11.61%Core capital (leverage) ratio
  • 10.57%Tier 1 risk-based capital ratio
  • 16.60%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $164,621Average earning assets
  • $18,841Average equity
  • $145,260Average loans

List of branches

  • 7 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01572Security Bank602 West Main Street, Newbern, TN 38059January 01, 1931Full Service Brick and Mortar
    2192591West Side Branch120 North Mill Avenue, Dyersburg, TN 38024September 23, 1970Full Service Brick and Mortar
    45370Trimble Branch2 Main Street, Trimble, TN 38259January 01, 1911Full Service Brick and Mortar
    542552Century Branch211 S College St, Trenton, TN 38382January 01, 1935Full Service Brick and Mortar
    72769281701 Hwy 51 Bypass S Branch1701 Hwy 51 Bypass S, Dyersburg, TN 38024June 30, 1986Full Service Brick and Mortar
    8192593Mall Boulevard Branch650 Mall Boulevard, Dyersburg, TN 38024May 24, 1995Full Service Brick and Mortar
    11362180Industrial Park Branch2175 St. John Avenue, Dyersburg, TN 38024October 19, 2000Full Service Brick and Mortar

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