Security Savings Bank, SSB in Southport, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Security Savings Bank, SSB in Southport, North Carolina (NC)
  • Show street view No street view available for this location

Security Savings Bank, SSB - Overview

  • General
  • FDIC Certificate #: 28139
    Status: Active
    Federal Reserve ID: 853372
    Date Established: January 01, 1911
    WWW: http://www.security-savings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 972
    FDIC's unique #: 40973
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 21, 1950
    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: 101 North Howe Street, Southport, NC 28461
    County: Brunswick
    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): Wilmington, NC (#9200)
    Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
    CBSA Metro Statistical Area: Wilmington, NC (#48900)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $309.8 mil
    Equity capital: $13.6 mil
    Deposits held in domestic offices: $250.1 mil
    Return on assets (ROA): -0.45% (-$1.4 mil)
    Quarterly return on assets: -1.40% (-$4.3 mil)
    Return on Equity (ROE): -10.19% (-$1.4 mil)
    Quarterly return on equity: -31.22% (-$4.4 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -0.40% (-$1,239.0 mil)
    Quarterly Pretax return on assets: -1.40% (-$4,336.5 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
  • 75Total employees (full-time equivalent)
  • $309,751Total assets
  • $62,938Cash and due from depository institutions
  • $61,314Interest-bearing balances
  • $11,679Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $197,845Net loans & leases
  • $9,162Loan loss allowance
  • $0Trading account assets
  • $12,744Bank premises and fixed assets
  • $17,195Other real estate owned
  • $0Goodwill and other intangibles
  • $309,751Life insurance assets
  • $7,350All other assets
  • $296,156Total liabilities and capital
  • $250,105Total liabilities
  • $234,885Total deposits
  • $250,105Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,000Trading liabilities
  • $0Other borrowed funds
  • $1,051Subordinated debt
  • $13,595All other liabilities
  • $13,595Total equity capital
  • $13,595Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,595Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,930Income earned, not collected on loans
  • $0Earning assets
  • $978Long-term assets (5+ years)
  • $270,838Average Assets, year-to-date
  • $79,354Average Assets, quarterly
  • $334,633Volatile liabilities
  • $315,698Insider loans
  • $193,594FHLB advances
  • $316,493Loans and leases held for sale
  • $1,379Unused loan commitments
  • $1,379Tier 1 (core) risk-based capital
  • $13,595Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,560Restructured Loans and leases
  • $536Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,458Total interest income
  • $4,843Total interest expense
  • $8,615Net interest income
  • $1,320Provision for loan and lease losses
  • $1,574Total noninterest income
  • $0Fiduciary activities
  • $588Service charges on deposit accounts
  • $0Trading account gains & fees
  • $986Additional noninterest income
  • $10,169Total noninterest expense
  • $4,754Salaries and employee benefits
  • $1,486Premises and equipment expense
  • $3,929Additional noninterest expense
  • -$1,300Pre-tax net operating income
  • -$24Securities gains (losses)
  • $192Applicable income taxes
  • -$1,516Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,516Net income attributable to bank
  • $0Net charge-offs
  • -$1,516Cash dividends
  • $4,428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 2.96%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • -0.45%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.40%Pretax return on assets
  • -10.19%Return on equity (ROE)
  • -10.19%Retained earnings to average equity (YTD only)
  • 1.92%Net charge-offs to loans
  • 29.81%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 99,804Assets per employee
  • 4.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.43%Loss allowance to noncurrent loans
  • 83.82%Noncurrent assets plus other real estate owned to assets
  • 9.08%Noncurrent loans to loans
  • 5.28%Net loans and leases to deposits
  • 79.10%Net loans and leases to core deposits
  • 82.91%Equity capital to assets
  • 4.39%Core capital (leverage) ratio
  • 4.30%Tier 1 risk-based capital ratio
  • 7.02%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $334,633Average earning assets
  • $14,877Average equity
  • $291,044Average loans

List of branches

  • 11 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040973Security Savings Bank, Ssb101 North Howe Street, Southport, NC 28461January 01, 1911Full Service Brick and Mortar
    2265198U S 74-76 & Fairview Branch202 Village Road, Leland, NC 28451January 01, 1911Full Service Brick and Mortar
    100265199Nc 179 & Calabash Drive Branch10231 Beach Drive S.W., Calabash, NC 28467January 01, 1911Full Service Brick and Mortar
    1012652004815 S.E. Oak Island Drive Branch4815 East Oak Island Drive, Oak Island, NC 28465June 30, 1986Full Service Brick and Mortar
    10243679Randleman Branch204 South Main Street, Randleman, NC 27317January 01, 1907Full Service Brick and Mortar
    103265201Main Street Branch5074 Main Street, Shallotte, NC 28459June 21, 1999Full Service Brick and Mortar
    104364647Sunset Beach Branch840 Sunset Boulevard, Sunset Beach, NC 28468November 28, 2001Full Service Brick and Mortar
    10543436Liberty Branch258 West Swannanoa Avenue, Liberty, NC 27298January 01, 1947Full Service Brick and Mortar
    106430125Smithville Branch5201 Southport-Supply Road, Southport, NC 28461June 24, 2004Full Service Brick and Mortar
    107452373Columbus County Branch1629 South Madison Street, Whiteville, NC 28472June 01, 2006Full Service Brick and Mortar
    108466390Boiling Spring Lakes Branch3020 George 11 Hwy, Southport, NC 28461June 18, 2007Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Security Savings Bank, SSB.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents