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- Banks in Texas (TX)
- Security State Bank
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)
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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
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- Banks in Texas (TX)
- Security State Bank
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