Security Savings Bank in Monmouth, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security Savings Bank - Overview

  • General
  • FDIC Certificate #: 28925
    Status: Active
    Federal Reserve ID: 708379
    Bank Holding Company (Regulatory Top Holder): Security Bancorp, Mhc (RSSDID: 2823696, Location: Monmouth, IL)
    Date Established: January 01, 1882
    WWW: http://www.securitysavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 2632
    FDIC's unique #: 41759
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: May 18, 1953
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 East Broadway, Monmouth, IL 61462
    County: Warren
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Galesburg, IL (#23660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $178.4 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $159.7 mil
    Return on assets (ROA): 0.46% ($0.8 mil)
    Quarterly return on assets: 0.40% ($0.7 mil)
    Return on Equity (ROE): 5.19% ($0.8 mil)
    Quarterly return on equity: 4.51% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.76% ($1,356.1 mil)
    Quarterly Pretax return on assets: 0.75% ($1,338.2 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
  • 37Total employees (full-time equivalent)
  • $178,428Total assets
  • $36,078Cash and due from depository institutions
  • $30,732Interest-bearing balances
  • $25,283Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,691Net loans & leases
  • $1,107Loan loss allowance
  • $0Trading account assets
  • $1,282Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $178,428Life insurance assets
  • $7,094All other assets
  • $162,838Total liabilities and capital
  • $159,665Total liabilities
  • $159,169Total deposits
  • $159,665Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $673Subordinated debt
  • $15,590All other liabilities
  • $15,590Total equity capital
  • $15,590Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $8,968Surplus
  • $6,612Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $894Income earned, not collected on loans
  • $0Earning assets
  • $2,001Long-term assets (5+ years)
  • $164,706Average Assets, year-to-date
  • $46,367Average Assets, quarterly
  • $170,981Volatile liabilities
  • $174,986Insider loans
  • $107,160FHLB advances
  • $173,746Loans and leases held for sale
  • $3,339Unused loan commitments
  • $1,399Tier 1 (core) risk-based capital
  • $15,378Tier 2 risk-based capital
  • $1,940Total risk weighted assets
  • $0Total unused commitments
  • $20,101Restructured Loans and leases
  • $1,179Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,855Total interest income
  • $2,228Total interest expense
  • $4,627Net interest income
  • $90Provision for loan and lease losses
  • $791Total noninterest income
  • $0Fiduciary activities
  • $261Service charges on deposit accounts
  • $0Trading account gains & fees
  • $530Additional noninterest income
  • $4,035Total noninterest expense
  • $2,257Salaries and employee benefits
  • $335Premises and equipment expense
  • $1,443Additional noninterest expense
  • $1,293Pre-tax net operating income
  • $0Securities gains (losses)
  • $505Applicable income taxes
  • $788Income before extraordinary items
  • $0Extraordinary gains - net
  • $788Net income attributable to bank
  • $0Net charge-offs
  • $788Cash dividends
  • $40Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 2.89%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 5.19%Return on equity (ROE)
  • 5.19%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 225.00%Credit loss provision to net charge-offs
  • 34.58%Efficiency ratio
  • 74,474Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 123.83%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 68.07%Net loans and leases to core deposits
  • 75.10%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.85%Tier 1 risk-based capital ratio
  • 14.35%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $170,981Average earning assets
  • $15,169Average equity
  • $159,929Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041759Security Savings Bank220 East Broadway, Monmouth, IL 61462January 01, 1882Full Service Brick and Mortar
    100271616200 S Broadway Branch200 South Broadway, Stronghurst, IL 61480January 01, 1882Full Service Brick and Mortar

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