Security State Bank in Farwell, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security State Bank - Overview

  • General
  • FDIC Certificate #: 11907
    Status: Active
    Federal Reserve ID: 389358
    Date Established: January 01, 1925
    WWW: http://www.ssbfarwell.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 7605
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 15, 2010
    Last Data Update: June 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 5th Street, Farwell, TX 79325
    County: Parmer
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Geographic Region/Area/Territory/Field Office
    Change in Location
  • Financial Summary
  • Total assets: $117.0 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $103.3 mil
    Return on assets (ROA): 1.38% ($1.6 mil)
    Quarterly return on assets: 0.04% ($0.0 mil)
    Return on Equity (ROE): 11.10% ($1.4 mil)
    Quarterly return on equity: 0.34% ($0.0 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.38% ($1,613.9 mil)
    Quarterly Pretax return on assets: 0.04% ($46.8 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
  • 12Total employees (full-time equivalent)
  • $116,952Total assets
  • $17,282Cash and due from depository institutions
  • $406Interest-bearing balances
  • $52,103Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $45,946Net loans & leases
  • $50Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $116,951Life insurance assets
  • $1,621All other assets
  • $103,462Total liabilities and capital
  • $103,345Total liabilities
  • $74,784Total deposits
  • $103,345Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $117Subordinated debt
  • $13,489All other liabilities
  • $13,489Total equity capital
  • $13,489Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $3,500Surplus
  • $9,489Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,501Long-term assets (5+ years)
  • $98,455Average Assets, year-to-date
  • $18,165Average Assets, quarterly
  • $111,177Volatile liabilities
  • $110,938Insider loans
  • $54,588FHLB advances
  • $110,481Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,488Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,380Restructured Loans and leases
  • $867Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,873Total interest income
  • $565Total interest expense
  • $3,308Net interest income
  • $114Provision for loan and lease losses
  • $270Total noninterest income
  • $150Fiduciary activities
  • $103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17Additional noninterest income
  • $1,925Total noninterest expense
  • $1,304Salaries and employee benefits
  • $53Premises and equipment expense
  • $568Additional noninterest expense
  • $1,539Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,539Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,539Net income attributable to bank
  • $0Net charge-offs
  • $1,539Cash dividends
  • $102Sale, conversion, retirement of capital stock, net
  • $1,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.00%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 11.10%Return on equity (ROE)
  • 2.08%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 111.76%Credit loss provision to net charge-offs
  • 16.21%Efficiency ratio
  • 53,801Assets per employee
  • 9.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.22%Loss allowance to loans
  • 0.11%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 44.46%Net loans and leases to core deposits
  • 55.71%Equity capital to assets
  • 11.53%Core capital (leverage) ratio
  • 12.21%Tier 1 risk-based capital ratio
  • 24.71%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $111,177Average earning assets
  • $13,868Average equity
  • $96,061Average 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
  • $25,082Managed Assets
  • 1Number of Accounts
  • $25,082Personal trust and agency accounts
  • $25,082Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 38Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $424Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07605Security State Bank100 5th Street, Farwell, TX 79325January 01, 1925Full Service Brick and Mortar

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