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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