Security Federal Savings Bank of McMinnville in Mc Minnville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security Federal Savings Bank of McMinnville - Overview

  • General
  • FDIC Certificate #: 31146
    Status: Active
    Federal Reserve ID: 631178
    Bank Holding Company (Regulatory Top Holder): Security Bancorp, Inc. (RSSDID: 3842069, Location: Mcminnville, TN)
    Date Established: January 01, 1959
    WWW: http://www.secfed.net
    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 #: 43980
    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: Febuary 01, 1960
    Last Structure Change Effective Date: Febuary 11, 2009
    Last Structure Change Process Date: March 26, 2009
    Last Data Update: March 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 306 West Main Street, Mc Minnville, TN 37110
    County: Warren
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): McMinnville, TN (#32660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in OTS Docket Number
    Institution Withdraws from FHS
    Change in Primary Regulatory Agency
    Change in Entity Type
  • Financial Summary
  • Total assets: $157.8 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $135.8 mil
    Return on assets (ROA): 0.71% ($1.1 mil)
    Quarterly return on assets: 0.81% ($1.3 mil)
    Return on Equity (ROE): 7.75% ($1.2 mil)
    Quarterly return on equity: 8.55% ($1.3 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.18% ($1,862.1 mil)
    Quarterly Pretax return on assets: 1.32% ($2,083.1 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
  • 46Total employees (full-time equivalent)
  • $157,807Total assets
  • $7,494Cash and due from depository institutions
  • $304Interest-bearing balances
  • $25,099Securities
  • $315Federal funds sold & reverse repurchase agreements
  • $117,484Net loans & leases
  • $1,538Loan loss allowance
  • $0Trading account assets
  • $2,212Bank premises and fixed assets
  • $432Other real estate owned
  • $330Goodwill and other intangibles
  • $157,807Life insurance assets
  • $4,441All other assets
  • $142,697Total liabilities and capital
  • $135,814Total liabilities
  • $116,132Total deposits
  • $135,814Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 2842.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,086Trading liabilities
  • $0Other borrowed funds
  • $955Subordinated debt
  • $15,110All other liabilities
  • $15,110Total equity capital
  • $15,110Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $4,125Surplus
  • $10,984Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $323Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,515Income earned, not collected on loans
  • $0Earning assets
  • $678Long-term assets (5+ years)
  • $143,202Average Assets, year-to-date
  • $7,913Average Assets, quarterly
  • $157,583Volatile liabilities
  • $157,376Insider loans
  • $112,760FHLB advances
  • $159,881Loans and leases held for sale
  • $1,660Unused loan commitments
  • $860Tier 1 (core) risk-based capital
  • $15,091Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $800Total unused commitments
  • $25,196Restructured Loans and leases
  • $2,478Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,395Total interest income
  • $1,642Total interest expense
  • $4,753Net interest income
  • $262Provision for loan and lease losses
  • $2,167Total noninterest income
  • $710Fiduciary activities
  • $632Service charges on deposit accounts
  • $0Trading account gains & fees
  • $825Additional noninterest income
  • $4,806Total noninterest expense
  • $2,482Salaries and employee benefits
  • $587Premises and equipment expense
  • $1,737Additional noninterest expense
  • $1,852Pre-tax net operating income
  • $0Securities gains (losses)
  • $728Applicable income taxes
  • $1,124Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,124Net income attributable to bank
  • $0Net charge-offs
  • $1,124Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.32%Net interest margin
  • 1.51%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 7.75%Return on equity (ROE)
  • 7.75%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 534.69%Credit loss provision to net charge-offs
  • 43.14%Efficiency ratio
  • 69,451Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 101.52%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 86.50%Net loans and leases to core deposits
  • 93.69%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $157,583Average earning assets
  • $14,501Average equity
  • $143,370Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $111,955Managed Assets
  • 1Number of Accounts
  • $109,576Personal trust and agency accounts
  • $4,498Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $44,411Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $60,667Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 454Number of Accounts
  • $0Personal trust and agency accounts
  • $44,411Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,379Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,368Fiduciary accounts held in foreign offices

List of branches

  • 3 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043980Security Federal Savings Bank Of Mcm306 West Main Street, Mc Minnville, TN 37110January 01, 1959Full Service Brick and Mortar
    1461626Mcminnville Branch1017 Smithville Hwy, Mc Minnville, TN 37110June 30, 2006Full Service Brick and Mortar
    2492791Manchester Hwy Branch5839 Manchester Hwy, Morrison, TN 37357April 07, 2009Full Service Brick and Mortar

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