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- Banks in North Carolina (NC)
- Security Federal Savings Bank
Security Federal Savings Bank in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 17, 1993
- Security Federal Savings Bank in Durham, North Carolina (NC)
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Security Federal Savings Bank - Overview
- General
- FDIC Certificate #: 28005
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 974071
Date Established: January 01, 1927
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 723
FDIC's unique #: 40839
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: December 16, 1942
Last Structure Change Effective Date: May 17, 1993
Last Structure Change Process Date: June 04, 1993
Last Data Update: June 04, 1993
Data Source Date: April 05, 2012 - Location
- Address: 505 South Duke Street, Durham, NC 27702
County: Durham
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Raleigh
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500) - Financial Summary
- Total assets: $312.4 mil
Assets and Liabilities (December 31, 1992)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $96Total assets
- $317,419Cash and due from depository institutions
- $20,279Interest-bearing balances
- $11,764Securities
- $88,109Federal funds sold & reverse repurchase agreements
- $0Net loans & leases
- $200,031Loan loss allowance
- $1,715Trading account assets
- $0Bank premises and fixed assets
- $1,909Other real estate owned
- $802Goodwill and other intangibles
- $5,963Life insurance assets
- $326All other assets
- $0Total liabilities and capital
- $317,419Total liabilities
- $288,301Total deposits
- $261,899Interest-bearing deposits
- $251,927Deposits held in domestic offices
- 261899.00%% insured (estimated)
- $96Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $19,000Subordinated debt
- $0All other liabilities
- $7,402Total equity capital
- $7,402Total bank equity capital
- $29,118Perpetual preferred stock
- $0Common stock
- $100Surplus
- $10,783Undivided profits
- Memoranda
- $18,235Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $2,048Income earned, not collected on loans
- $1,224Earning assets
- $299,904Long-term assets (5+ years)
- $0Average Assets, year-to-date
- $330,655Average Assets, quarterly
- $326,907Volatile liabilities
- $52,148Insider loans
- $0FHLB advances
- $19,000Loans and leases held for sale
- $0Unused loan commitments
- $32,070Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $28,792Total risk weighted assets
- $144,799Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1992)
- Dollar figures in thousands
- $0Total interest income
- $25,901Total interest expense
- $15,373Net interest income
- $10,528Provision for loan and lease losses
- $721Total noninterest income
- $1,629Fiduciary activities
- $0Service charges on deposit accounts
- $0Trading account gains & fees
- $0Additional noninterest income
- $1,629Total noninterest expense
- $7,305Salaries and employee benefits
- $2,257Premises and equipment expense
- $2,009Additional noninterest expense
- $3,039Pre-tax net operating income
- $4,131Securities gains (losses)
- $360Applicable income taxes
- $1,733Income before extraordinary items
- $2,758Extraordinary gains - net
- $0Net income attributable to bank
- $2,758Net charge-offs
- $295Cash dividends
- $1,000Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1992)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 8.31%Cost of funding earning assets
- 4.93%Net interest margin
- 3.38%Noninterest income to earning assets
- 0.52%Noninterest expense to earning assets
- 2.34%Net operating income to assets
- 0.76%Return on assets (ROA)
- 0.83%Pretax return on assets
- 1.36%Return on equity (ROE)
- 9.82%Retained earnings to average equity (YTD only)
- 6.26%Net charge-offs to loans
- 0.14%Credit loss provision to net charge-offs
- 244.41%Efficiency ratio
- 59,859Assets per employee
- 3.31%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 36.26%Loss allowance to loans
- 0.85%Loss allowance to noncurrent loans
- 83.74%Noncurrent assets plus other real estate owned to assets
- 0.90%Noncurrent loans to loans
- 1.02%Net loans and leases to deposits
- 76.38%Net loans and leases to core deposits
- 87.44%Equity capital to assets
- 9.17%Core capital (leverage) ratio
- 9.08%Tier 1 risk-based capital ratio
- 19.88%Total risk-based capital ratio
- Memoranda
- $21Average assets
- $330,655Average earning assets
- $28,098Average equity
- $311,863Average loans
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- Banks in North Carolina (NC)
- Security Federal Savings Bank
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