Security Bank Corporation in Manassas, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 1999

  • Security Bank Corporation in Manassas, Virginia (VA)
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Security Bank Corporation - Overview

  • General
  • FDIC Certificate #: 26734
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F & M Bank - Northern Virginia (#25865)
    Federal Reserve ID: 855929
    Date Established: July 28, 1986
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    OTS Docket #: 15534
    FDIC's unique #: 35848
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 28, 1986
    Last Structure Change Effective Date: March 23, 1999
    Last Structure Change Process Date: May 06, 1999
    Last Data Update: May 06, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 8780 Centreville Road, Manassas, VA 22110
    County: Manassas City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $61.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $61,217Total assets
  • $3,368Cash and due from depository institutions
  • $57Interest-bearing balances
  • $17,232Securities
  • $3,375Federal funds sold & reverse repurchase agreements
  • $33,569Net loans & leases
  • $710Loan loss allowance
  • $0Trading account assets
  • $2,175Bank premises and fixed assets
  • $568Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $930All other assets
  • $61,217Total liabilities and capital
  • $53,304Total liabilities
  • $52,395Total deposits
  • $35,722Interest-bearing deposits
  • $52,395Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $330Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $579All other liabilities
  • $7,913Total equity capital
  • $7,913Total bank equity capital
  • $7,913Perpetual preferred stock
  • $0Common stock
  • $4,892Surplus
  • $2,704Undivided profits
  • Memoranda
  • $317Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,132Earning assets
  • $0Long-term assets (5+ years)
  • $155Average Assets, year-to-date
  • $54,233Average Assets, quarterly
  • $20,152Volatile liabilities
  • $59,912Insider loans
  • $60,827FHLB advances
  • $6,074Loans and leases held for sale
  • $3,434Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,000Total unused commitments
  • $0Restructured Loans and leases
  • $42,667Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,186Total interest income
  • $1,643Total interest expense
  • $2,543Net interest income
  • $578Provision for loan and lease losses
  • $402Total noninterest income
  • $0Fiduciary activities
  • $345Service charges on deposit accounts
  • $0Trading account gains & fees
  • $57Additional noninterest income
  • $2,442Total noninterest expense
  • $1,047Salaries and employee benefits
  • $430Premises and equipment expense
  • $965Additional noninterest expense
  • -$75Pre-tax net operating income
  • $11Securities gains (losses)
  • -$44Applicable income taxes
  • -$20Income before extraordinary items
  • $0Extraordinary gains - net
  • -$20Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $293Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.89%Yield on earning assets
  • 3.10%Cost of funding earning assets
  • 4.79%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 4.60%Noninterest expense to earning assets
  • -0.05%Net operating income to assets
  • -0.03%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -0.25%Return on equity (ROE)
  • -0.25%Retained earnings to average equity (YTD only)
  • 0.87%Net charge-offs to loans
  • 197.27%Credit loss provision to net charge-offs
  • 1.72%Efficiency ratio
  • 82,920Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 33.30%Noncurrent assets plus other real estate owned to assets
  • 4.41%Noncurrent loans to loans
  • 6.22%Net loans and leases to deposits
  • 64.07%Net loans and leases to core deposits
  • 71.96%Equity capital to assets
  • 12.93%Core capital (leverage) ratio
  • 12.85%Tier 1 risk-based capital ratio
  • 18.51%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $59,912Average earning assets
  • $7,937Average equity
  • $53,085Average loans

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