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

This bank is inactive as of October 27, 1995

  • Security State Bank in Big Spring, Texas (TX)
  • Show street view No street view available for this location

Security State Bank - Overview

  • General
  • FDIC Certificate #: 17630
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Security State Bank (#22424)
    Federal Reserve ID: 292953
    Date Established: July 14, 1956
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11598
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 14, 1956
    Last Structure Change Effective Date: October 27, 1995
    Last Structure Change Process Date: December 07, 1995
    Last Data Update: December 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1411 Gregg Street, Big Spring, TX 79720
    County: Howard
    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
    Core Based Statistical Area (CBSA): Big Spring, TX (#13700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $40.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $29Total assets
  • $37,970Cash and due from depository institutions
  • $3,341Interest-bearing balances
  • $100Securities
  • $22,793Federal funds sold & reverse repurchase agreements
  • $2,025Net loans & leases
  • $8,794Loan loss allowance
  • $195Trading account assets
  • $0Bank premises and fixed assets
  • $360Other real estate owned
  • $60Goodwill and other intangibles
  • $597Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $37,970Total liabilities
  • $34,996Total deposits
  • $34,857Interest-bearing deposits
  • $28,301Deposits held in domestic offices
  • 34857.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $139Total equity capital
  • $139Total bank equity capital
  • $2,974Perpetual preferred stock
  • $0Common stock
  • $825Surplus
  • $825Undivided profits
  • Memoranda
  • $1,324Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $157Earning assets
  • $33,712Long-term assets (5+ years)
  • $1,916Average Assets, year-to-date
  • $37,578Average Assets, quarterly
  • $38,427Volatile liabilities
  • $7,547Insider loans
  • $505FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,222Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,974Total risk weighted assets
  • $14,500Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,096Total interest expense
  • $811Net interest income
  • $1,285Provision for loan and lease losses
  • $20Total noninterest income
  • $163Fiduciary activities
  • $0Service charges on deposit accounts
  • $108Trading account gains & fees
  • $0Additional noninterest income
  • $55Total noninterest expense
  • $1,135Salaries and employee benefits
  • $704Premises and equipment expense
  • $156Additional noninterest expense
  • $275Pre-tax net operating income
  • $293Securities gains (losses)
  • $0Applicable income taxes
  • $48Income before extraordinary items
  • $245Extraordinary gains - net
  • $0Net income attributable to bank
  • $245Net charge-offs
  • $0Cash dividends
  • $198Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.13%Cost of funding earning assets
  • 2.37%Net interest margin
  • 3.76%Noninterest income to earning assets
  • 0.48%Noninterest expense to earning assets
  • 3.32%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 0.78%Return on equity (ROE)
  • 8.21%Retained earnings to average equity (YTD only)
  • 1.57%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,384Assets per employee
  • 1.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.82%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 25.23%Net loans and leases to core deposits
  • 32.20%Equity capital to assets
  • 7.83%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 20.51%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $37,578Average earning assets
  • $2,986Average equity
  • $34,201Average loans
J Phillips
Report this comment as inappropriate
Oct 23, 2020 @ 1:13 pm
Who did Security State Bank merge with and did they stay in Big Spring, Texas?

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