Security State Bank in Pearsall, Texas (TX)



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Security State Bank
GeneralFDIC Certificate #: 1497
Status: Active
Federal Reserve ID: 839068
Bank Holding Company (Regulatory Top Holder): Briscoe Ranch, Inc. (RSSDID: 1102451, Location: Uvalde, TX)
Date Established: January 01, 1925
WWW: http://www.securitystbk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 11871
FDIC's unique #: 990
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: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 04, 2010
Last Structure Change Process Date: June 18, 2010
Last Data Update: June 18, 2010
Data Source Date: April 05, 2012
LocationAddress: 1000 North Oak Street, Pearsall, TX 78061
County: Frio
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $393.6 mil
Equity capital: $40.9 mil
Deposits held in domestic offices: $305.4 mil
Return on assets (ROA): 1.31% ($5.2 mil)
Quarterly return on assets: 1.51% ($5.9 mil)
Return on Equity (ROE): 14.58% ($6.0 mil)
Quarterly return on equity: 14.22% ($5.8 mil)
Net income: $5.6 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 1.72% ($6,769.7 mil)
Quarterly Pretax return on assets: 2.02% ($7,950.5 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)
Total employees (full-time equivalent)77
Total assets$393,588
Cash and due from depository institutions$27,696
Interest-bearing balances$18,534
Securities$164,975
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$186,935
Loan loss allowance $1,143
Trading account assets$0
Bank premises and fixed assets$5,290
Other real estate owned$304
Goodwill and other intangibles$2,562
All other assets$5,826
Life insurance assets$393,588
Total liabilities and capital$352,648
Total liabilities$305,424
Total deposits$244,989
Interest-bearing deposits$305,424
Deposits held in domestic offices$72
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$43,338
Other borrowed funds $0
Subordinated debt $3,886
All other liabilities $40,940
Total equity capital$40,940
Total bank equity capital$40,940
Perpetual preferred stock$0
Common stock$1,250
Surplus$24,750
Undivided profits $14,940
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $449
Earning assets $0
Long-term assets (5+ years) $2,711
Average Assets, year-to-date $370,444
Average Assets, quarterly $139,535
Volatile liabilities $424,043
Insider loans $391,545
FHLB advances $218,902
Loans and leases held for sale $387,137
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $34,044
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,232
Derivatives$13,592
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,450
Total interest expense $4,490
Net interest income $12,960
Provision for loan and lease losses $265
Total noninterest income $2,083
Fiduciary activities $0
Service charges on deposit accounts $1,173
Trading account gains & fees $0
Additional noninterest income $910
Total noninterest expense $7,537
Salaries and employee benefits $4,576
Premises and equipment expense $986
Additional noninterest expense $1,975
Pre-tax net operating income $7,241
Securities gains (losses) $51
Applicable income taxes $1,719
Income before extraordinary items $5,573
Extraordinary gains - net $0
Net income attributable to bank $5,573
Net charge-offs $0
Cash dividends $5,573
Sale, conversion, retirement of capital stock, net $114
Net operating income $2,250
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.37%
Cost of funding earning assets 1.12%
Net interest margin 3.24%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 1.89%
Net operating income to assets 1.31%
Return on assets (ROA) 1.31%
Pretax return on assets 1.72%
Return on equity (ROE) 14.58%
Retained earnings to average equity (YTD only) 8.69%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 232.46%
Efficiency ratio65.84%
Assets per employee$49,365
Cash dividends to net income (YTD only)5.11%
Condition Ratios (%)
Loss allowance to loans 40.37%
Loss allowance to noncurrent loans 0.61%
Noncurrent assets plus other real estate owned to assets 254.57%
Noncurrent loans to loans 0.19%
Net loans and leases to deposits0.24%
Net loans and leases to core deposits 61.21%
Equity capital to assets 72.06%
Core capital (leverage) ratio 10.40%
Tier 1 risk-based capital ratio 8.79%
Total risk-based capital ratio 15.55%
Memoranda
Average assets$16
Average earning assets$424,043
Average equity $38,229
Average loans $399,489
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5 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0990Security State Bank1000 North Oak Street, Pearsall, TX 78061January 01, 1925Full Service Brick and Mortar
1446208Pearsall Branch360 S. Ih 35, Pearsall, TX 78061December 20, 2005Full Service Brick and Mortar
2468926West Oaklawn Branch1194 West Oaklawn, Pleasanton, TX 78064July 25, 2007Full Service Brick and Mortar
39812Medina Valley State Bank - Devine Br200 Tx Hwy 132 N, Devine, TX 78016July 17, 1937Full Service Brick and Mortar
4234450Natalia Branch410 2nd Street, Natalia, TX 78059Febuary 17, 1988Full Service Brick and Mortar
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