Security Federal Savings Bank in Jasper, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Security Federal Savings Bank in Jasper, Alabama (AL)
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Security Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31592
    Status: Active
    Federal Reserve ID: 558574
    Date Established: January 01, 1970
    WWW: http://www.securityfederalonline.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 7228
    FDIC's unique #: 44426
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: March 22, 1971
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Third Avenue, Jasper, AL 35501
    County: Walker
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $34.1 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $29.3 mil
    Return on assets (ROA): 0.30% ($0.1 mil)
    Quarterly return on assets: 0.37% ($0.1 mil)
    Return on Equity (ROE): 2.93% ($0.1 mil)
    Quarterly return on equity: 3.41% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.32% ($109.2 mil)
    Quarterly Pretax return on assets: 0.38% ($129.7 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
  • 15Total employees (full-time equivalent)
  • $34,133Total assets
  • $12,272Cash and due from depository institutions
  • $11,801Interest-bearing balances
  • $7,331Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $13,863Net loans & leases
  • $252Loan loss allowance
  • $0Trading account assets
  • $218Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $34,135Life insurance assets
  • $449All other assets
  • $30,370Total liabilities and capital
  • $29,265Total liabilities
  • $28,267Total deposits
  • $29,265Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $105Subordinated debt
  • $3,765All other liabilities
  • $3,765Total equity capital
  • $3,765Total bank equity capital
  • $0Perpetual preferred stock
  • $2Common stock
  • $1,446Surplus
  • $2,317Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $201Income earned, not collected on loans
  • $0Earning assets
  • $139Long-term assets (5+ years)
  • $32,995Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $35,935Volatile liabilities
  • $34,924Insider loans
  • $16,320FHLB advances
  • $34,172Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,804Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $786Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,697Total interest income
  • $252Total interest expense
  • $1,445Net interest income
  • $171Provision for loan and lease losses
  • $182Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $182Additional noninterest income
  • $1,340Total noninterest expense
  • $866Salaries and employee benefits
  • $255Premises and equipment expense
  • $219Additional noninterest expense
  • $116Pre-tax net operating income
  • $0Securities gains (losses)
  • $7Applicable income taxes
  • $109Income before extraordinary items
  • $0Extraordinary gains - net
  • $109Net income attributable to bank
  • $0Net charge-offs
  • $109Cash dividends
  • $133Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 2.93%Return on equity (ROE)
  • 2.93%Retained earnings to average equity (YTD only)
  • 0.98%Net charge-offs to loans
  • 128.57%Credit loss provision to net charge-offs
  • 2.16%Efficiency ratio
  • 82,360Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 125.37%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 1.42%Net loans and leases to deposits
  • 47.37%Net loans and leases to core deposits
  • 50.38%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 11.13%Tier 1 risk-based capital ratio
  • 23.31%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $35,935Average earning assets
  • $3,717Average equity
  • $34,672Average loans

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044426Security Federal Savings Bank301 Third Avenue, Jasper, AL 35501January 01, 1970Full Service Brick and Mortar

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