Security Bank, National Association in North Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security Bank, National Association - Overview

  • General
  • FDIC Certificate #: 23156
    Status: Active
    Federal Reserve ID: 73031
    Bank Holding Company (Regulatory Top Holder): Faro Bancorp, Inc. (RSSDID: 3469345, Location: Miami, FL)
    Date Established: July 01, 1980
    WWW: http://www.sbna.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12771
    FDIC's unique #: 16223
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1980
    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: 1450 South State Road 7, North Lauderdale, FL 33068
    County: Broward
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Lauderdale, FL (#2680)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $95.4 mil
    Equity capital: $2.2 mil
    Deposits held in domestic offices: $92.7 mil
    Return on assets (ROA): -6.99% (-$6.6 mil)
    Quarterly return on assets: -7.12% (-$6.8 mil)
    Return on Equity (ROE): -133.89% (-$2.7 mil)
    Quarterly return on equity: -228.37% (-$4.6 mil)
    Net income: -$7.5 mil
    Quarterly Net income: -$1.8 mil
    Pretax return on assets: -6.99% (-$6,670.8 mil)
    Quarterly Pretax return on assets: -7.12% (-$6,794.8 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
  • 43Total employees (full-time equivalent)
  • $95,433Total assets
  • $15,039Cash and due from depository institutions
  • $12,892Interest-bearing balances
  • $3,109Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,480Net loans & leases
  • $4,318Loan loss allowance
  • $0Trading account assets
  • $452Bank premises and fixed assets
  • $5,217Other real estate owned
  • $0Goodwill and other intangibles
  • $95,433Life insurance assets
  • $1,136All other assets
  • $93,234Total liabilities and capital
  • $92,695Total liabilities
  • $72,857Total deposits
  • $92,695Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $539Subordinated debt
  • $2,199All other liabilities
  • $2,199Total equity capital
  • $2,199Total bank equity capital
  • $0Perpetual preferred stock
  • $6,765Common stock
  • $24,163Surplus
  • $-28,729Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,743Income earned, not collected on loans
  • $0Earning assets
  • $269Long-term assets (5+ years)
  • $86,481Average Assets, year-to-date
  • $1,535Average Assets, quarterly
  • $106,574Volatile liabilities
  • $98,839Insider loans
  • $59,190FHLB advances
  • $101,091Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $855Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,172Total interest income
  • $496Total interest expense
  • $3,676Net interest income
  • $1,420Provision for loan and lease losses
  • -$246Total noninterest income
  • $0Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$493Additional noninterest income
  • $9,462Total noninterest expense
  • $3,376Salaries and employee benefits
  • $971Premises and equipment expense
  • $5,115Additional noninterest expense
  • -$7,452Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$7,452Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,452Net income attributable to bank
  • $0Net charge-offs
  • -$7,452Cash dividends
  • $2,450Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 3.82%Net interest margin
  • -0.26%Noninterest income to earning assets
  • 9.82%Noninterest expense to earning assets
  • -6.99%Net operating income to assets
  • -6.99%Return on assets (ROA)
  • -6.99%Pretax return on assets
  • -133.89%Return on equity (ROE)
  • -133.89%Retained earnings to average equity (YTD only)
  • 2.83%Net charge-offs to loans
  • 57.96%Credit loss provision to net charge-offs
  • -2.46%Efficiency ratio
  • 275,860Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.77%Loss allowance to noncurrent loans
  • 31.42%Noncurrent assets plus other real estate owned to assets
  • 19.87%Noncurrent loans to loans
  • 18.37%Net loans and leases to deposits
  • 76.03%Net loans and leases to core deposits
  • 83.04%Equity capital to assets
  • 2.30%Core capital (leverage) ratio
  • 2.17%Tier 1 risk-based capital ratio
  • 3.70%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $106,574Average earning assets
  • $5,566Average equity
  • $96,356Average loans

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016223Security Bank, National Association1450 South State Road 7, North Lauderdale, FL 33068July 01, 1980Full Service Brick and Mortar
    3255972Coral Way Branch2121 Sw 3rd Ave, Miami, FL 33129March 06, 1995Full Service Brick and Mortar
    9470528Doral Branch10804 Northwest 58th Street, Miami, FL 33178October 11, 2007Full Service Brick and Mortar

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