Security State Bank in Canton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 12, 1999

  • Security State Bank in Canton, Georgia (GA)
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Security State Bank - Overview

  • General
  • FDIC Certificate #: 33182
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Habersham Bank (#151)
    Federal Reserve ID: 1490082
    Date Established: October 22, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12957
    FDIC's unique #: 46419
    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: October 22, 1990
    Last Structure Change Effective Date: July 12, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1600 Marietta Highway, Canton, GA 30114
    County: Cherokee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $65.3 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $67,988Total assets
  • $1,855Cash and due from depository institutions
  • $165Interest-bearing balances
  • $18,201Securities
  • $1,020Federal funds sold & reverse repurchase agreements
  • $40,979Net loans & leases
  • $532Loan loss allowance
  • $0Trading account assets
  • $2,334Bank premises and fixed assets
  • $0Other real estate owned
  • $2,918Goodwill and other intangibles
  • $0Life insurance assets
  • $681All other assets
  • $67,988Total liabilities and capital
  • $58,080Total liabilities
  • $56,070Total deposits
  • $50,926Interest-bearing deposits
  • $56,070Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $0Subordinated debt
  • $1,010All other liabilities
  • $9,908Total equity capital
  • $9,908Total bank equity capital
  • $9,908Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $6,757Undivided profits
  • Memoranda
  • $651Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $700Earning assets
  • $0Long-term assets (5+ years)
  • $275Average Assets, year-to-date
  • $60,365Average Assets, quarterly
  • $16,060Volatile liabilities
  • $64,727Insider loans
  • $66,304FHLB advances
  • $11,846Loans and leases held for sale
  • $16Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,324Total unused commitments
  • $0Restructured Loans and leases
  • $48,677Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $5,377Total interest income
  • $2,702Total interest expense
  • $2,675Net interest income
  • $240Provision for loan and lease losses
  • $355Total noninterest income
  • $0Fiduciary activities
  • $246Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109Additional noninterest income
  • $2,642Total noninterest expense
  • $1,233Salaries and employee benefits
  • $446Premises and equipment expense
  • $963Additional noninterest expense
  • $148Pre-tax net operating income
  • $0Securities gains (losses)
  • $83Applicable income taxes
  • $65Income before extraordinary items
  • $0Extraordinary gains - net
  • $65Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $167Sale, conversion, retirement of capital stock, net
  • $112Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.52%Yield on earning assets
  • 4.78%Cost of funding earning assets
  • 4.74%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 4.68%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 0.65%Return on equity (ROE)
  • -0.47%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 143.71%Credit loss provision to net charge-offs
  • 2.32%Efficiency ratio
  • 80,363Assets per employee
  • 2.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 172.31%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 76.00%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 73.09%Net loans and leases to core deposits
  • 90.61%Equity capital to assets
  • 14.57%Core capital (leverage) ratio
  • 10.97%Tier 1 risk-based capital ratio
  • 14.25%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $64,727Average earning assets
  • $9,927Average equity
  • $56,492Average loans

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