Security Federal Savings and Loan Association of Cleveland in Mayfield Heights, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 23, 1998

  • Security Federal Savings and Loan Association of Cleveland in Mayfield Heights, Ohio (OH)
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Security Federal Savings and Loan Association of Cleveland - Overview

  • General
  • FDIC Certificate #: 28532
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 184777
    Date Established: January 01, 1916
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1783
    FDIC's unique #: 41366
    Numeric code: 37
    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: April 21, 1937
    Last Structure Change Effective Date: October 23, 1998
    Last Structure Change Process Date: November 19, 1998
    Last Data Update: November 19, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1413 Golden Gate Boulevard, Mayfield Heights, OH 44124
    County: Cuyahoga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • Financial Summary
  • Total assets: $601.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 136Total employees (full-time equivalent)
  • $569,860Total assets
  • $6,965Cash and due from depository institutions
  • $951Interest-bearing balances
  • $21,404Securities
  • $400Federal funds sold & reverse repurchase agreements
  • $519,146Net loans & leases
  • $4,582Loan loss allowance
  • $0Trading account assets
  • $7,731Bank premises and fixed assets
  • $2Other real estate owned
  • $1,163Goodwill and other intangibles
  • $0Life insurance assets
  • $13,049All other assets
  • $569,860Total liabilities and capital
  • $522,436Total liabilities
  • $430,721Total deposits
  • $407,445Interest-bearing deposits
  • $430,721Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $87,731Other borrowed funds
  • $0Subordinated debt
  • $3,984All other liabilities
  • $47,424Total equity capital
  • $47,424Total bank equity capital
  • $47,424Perpetual preferred stock
  • $0Common stock
  • $16Surplus
  • $6,897Undivided profits
  • Memoranda
  • $40,511Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,412Earning assets
  • $0Long-term assets (5+ years)
  • $3,159Average Assets, year-to-date
  • $541,901Average Assets, quarterly
  • $0Volatile liabilities
  • $549,436Insider loans
  • $569,755FHLB advances
  • $178,416Loans and leases held for sale
  • $706Unused loan commitments
  • $87,731Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $89,084Total unused commitments
  • $0Restructured Loans and leases
  • $450,277Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $46,004Total interest income
  • $24,580Total interest expense
  • $21,424Net interest income
  • $250Provision for loan and lease losses
  • $1,998Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,998Additional noninterest income
  • $10,855Total noninterest expense
  • $5,732Salaries and employee benefits
  • $2,360Premises and equipment expense
  • $2,763Additional noninterest expense
  • $12,317Pre-tax net operating income
  • -$46Securities gains (losses)
  • $4,415Applicable income taxes
  • $7,856Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,856Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $72Sale, conversion, retirement of capital stock, net
  • $2,301Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.81%Yield on earning assets
  • 4.71%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 1.44%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 2.23%Pretax return on assets
  • 17.63%Return on equity (ROE)
  • 12.47%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 347.22%Credit loss provision to net charge-offs
  • 174.54%Efficiency ratio
  • 45,893Assets per employee
  • 4.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.29%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 189.97%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 120.53%Net loans and leases to core deposits
  • 152.67%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.17%Tier 1 risk-based capital ratio
  • 10.32%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $549,436Average earning assets
  • $44,551Average equity
  • $522,040Average loans

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