Security Bank and Trust Company in Miami, Oklahoma (OK)

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Security Bank and Trust Company
GeneralFDIC Certificate #: 9881
Status: Active
Federal Reserve ID: 19356
Bank Holding Company (Regulatory Top Holder): Ssb Holdings, Inc. (RSSDID: 2410603, Location: Miami, OK)
Date Established: December 01, 1922
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 6322
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 2-32 South Main Street, Miami, OK 74354
County: Ottawa
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Tulsa
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Miami, OK (#33060)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $75.1 mil
Equity capital: $8.3 mil
Deposits held in domestic offices: $63.0 mil
Return on assets (ROA): 0.56% ($0.4 mil)
Quarterly return on assets: -0.62% (-$0.5 mil)
Return on Equity (ROE): 5.16% ($0.4 mil)
Quarterly return on equity: -5.46% (-$0.4 mil)
Net income: $0.4 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.56% ($420.4 mil)
Quarterly Pretax return on assets: -0.62% (-$465.5 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)
Total employees (full-time equivalent)28
Total assets$75,077
Cash and due from depository institutions$2,311
Interest-bearing balances$48
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$37,502
Loan loss allowance $874
Trading account assets$0
Bank premises and fixed assets$717
Other real estate owned$1,025
Goodwill and other intangibles$0
All other assets$1,313
Life insurance assets$75,077
Total liabilities and capital$66,815
Total liabilities$62,988
Total deposits$52,256
Interest-bearing deposits$62,988
Deposits held in domestic offices$95
% insured (estimated)757.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,045
Other borrowed funds $0
Subordinated debt $1,025
All other liabilities $8,262
Total equity capital$8,262
Total bank equity capital$8,262
Perpetual preferred stock$0
Common stock$2,025
Undivided profits $3,037
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $689
Earning assets $0
Long-term assets (5+ years) $469
Average Assets, year-to-date $69,759
Average Assets, quarterly $36,078
Volatile liabilities $76,103
Insider loans $75,457
FHLB advances $45,797
Loans and leases held for sale $75,264
Unused loan commitments $370
Tier 1 (core) risk-based capital $370
Tier 2 risk-based capital $8,215
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,457
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,170
Total interest expense $467
Net interest income $2,703
Provision for loan and lease losses $424
Total noninterest income $382
Fiduciary activities $0
Service charges on deposit accounts $222
Trading account gains & fees $0
Additional noninterest income $160
Total noninterest expense $2,431
Salaries and employee benefits $1,253
Premises and equipment expense $271
Additional noninterest expense $907
Pre-tax net operating income $230
Securities gains (losses) $199
Applicable income taxes $0
Income before extraordinary items $429
Extraordinary gains - net $0
Net income attributable to bank $429
Net charge-offs $0
Cash dividends $429
Sale, conversion, retirement of capital stock, net $424
Net operating income $270
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.48%
Cost of funding earning assets 0.66%
Net interest margin 3.82%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 3.44%
Net operating income to assets 0.30%
Return on assets (ROA) 0.56%
Pretax return on assets 0.56%
Return on equity (ROE) 5.16%
Retained earnings to average equity (YTD only) 1.91%
Net charge-offs to loans 1.07%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio1.54%
Assets per employee$78,801
Cash dividends to net income (YTD only)2.68%
Condition Ratios (%)
Loss allowance to loans 62.94%
Loss allowance to noncurrent loans 2.28%
Noncurrent assets plus other real estate owned to assets 126.85%
Noncurrent loans to loans 2.28%
Net loans and leases to deposits1.80%
Net loans and leases to core deposits 59.54%
Equity capital to assets 65.48%
Core capital (leverage) ratio 11.00%
Tier 1 risk-based capital ratio 10.91%
Total risk-based capital ratio 17.94%
Average assets$19
Average earning assets$76,103
Average equity $8,314
Average loans $70,737
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3 Oklahoma Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06322Security Bank And Trust Company2-32 South Main Street, Miami, OK 74354December 01, 1922Full Service Brick and Mortar
1221464North Main Branch2200 North Main, Miami, OK 74354May 22, 1984Full Service Brick and Mortar
21538Afton Branch1 S.W. First Street, Afton, OK 74331August 26, 1926Full Service Brick and Mortar
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