Security Exchange Bank in Marietta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security Exchange Bank - Overview

  • General
  • FDIC Certificate #: 35299
    Status: Active
    Federal Reserve ID: 2905613
    Bank Holding Company (Regulatory Top Holder): Seb Bancorp, Inc. (RSSDID: 3664207, Location: Marietta, GA)
    Date Established: April 17, 2000
    WWW: http://www.securityexchangebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 77689
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 17, 2000
    Last Structure Change Effective Date: January 31, 2008
    Last Structure Change Process Date: Febuary 07, 2008
    Last Data Update: Febuary 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 833 South Cobb Drive, Marietta, GA 30060
    County: Cobb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Participated in Reorganization
  • Financial Summary
  • Total assets: $156.6 mil
    Equity capital: $3.2 mil
    Deposits held in domestic offices: $153.2 mil
    Return on assets (ROA): -2.01% (-$3.2 mil)
    Quarterly return on assets: -3.44% (-$5.4 mil)
    Return on Equity (ROE): -67.88% (-$2.0 mil)
    Quarterly return on equity: -131.52% (-$3.9 mil)
    Net income: -$3.4 mil
    Quarterly Net income: -$1.4 mil
    Pretax return on assets: -2.01% (-$3,146.9 mil)
    Quarterly Pretax return on assets: -3.44% (-$5,385.7 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
  • 19Total employees (full-time equivalent)
  • $156,560Total assets
  • $15,848Cash and due from depository institutions
  • $15,699Interest-bearing balances
  • $18,770Securities
  • $163Federal funds sold & reverse repurchase agreements
  • $73,133Net loans & leases
  • $2,359Loan loss allowance
  • $0Trading account assets
  • $2,276Bank premises and fixed assets
  • $44,970Other real estate owned
  • $0Goodwill and other intangibles
  • $156,560Life insurance assets
  • $1,400All other assets
  • $153,381Total liabilities and capital
  • $153,222Total liabilities
  • $148,112Total deposits
  • $153,222Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $159Subordinated debt
  • $3,179All other liabilities
  • $3,179Total equity capital
  • $3,179Total bank equity capital
  • $0Perpetual preferred stock
  • $4,995Common stock
  • $8,621Surplus
  • $-10,437Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,850Income earned, not collected on loans
  • $0Earning assets
  • $719Long-term assets (5+ years)
  • $107,765Average Assets, year-to-date
  • $19,942Average Assets, quarterly
  • $166,767Volatile liabilities
  • $158,726Insider loans
  • $121,091FHLB advances
  • $159,272Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,286Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,246Restructured Loans and leases
  • $2,387Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,699Total interest income
  • $2,342Total interest expense
  • $3,357Net interest income
  • $458Provision for loan and lease losses
  • -$1,950Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,998Additional noninterest income
  • $5,084Total noninterest expense
  • $1,583Salaries and employee benefits
  • $241Premises and equipment expense
  • $3,260Additional noninterest expense
  • -$4,135Pre-tax net operating income
  • $781Securities gains (losses)
  • $0Applicable income taxes
  • -$3,354Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,354Net income attributable to bank
  • $0Net charge-offs
  • -$3,354Cash dividends
  • $1,070Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.99%Cost of funding earning assets
  • 2.85%Net interest margin
  • -1.65%Noninterest income to earning assets
  • 4.31%Noninterest expense to earning assets
  • -2.48%Net operating income to assets
  • -2.01%Return on assets (ROA)
  • -2.01%Pretax return on assets
  • -67.88%Return on equity (ROE)
  • -67.88%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 42.80%Credit loss provision to net charge-offs
  • -3.44%Efficiency ratio
  • 361,336Assets per employee
  • 8.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.12%Loss allowance to noncurrent loans
  • 19.91%Noncurrent assets plus other real estate owned to assets
  • 36.29%Noncurrent loans to loans
  • 15.70%Net loans and leases to deposits
  • 47.73%Net loans and leases to core deposits
  • 49.87%Equity capital to assets
  • 2.03%Core capital (leverage) ratio
  • 2.06%Tier 1 risk-based capital ratio
  • 2.71%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $166,767Average earning assets
  • $4,941Average equity
  • $117,960Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    077689Security Exchange Bank833 South Cobb Drive, Marietta, GA 30060April 17, 2000Full Service Brick and Mortar
    1445700Cobb Parkway Branch1220 Cobb Parkway North, Marietta, GA 30062November 21, 2005Full Service Brick and Mortar

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