Security State Bank, National Association in Ore City, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank, National Association - Overview

  • General
  • FDIC Certificate #: 17027
    Status: Active
    Federal Reserve ID: 903062
    Bank Holding Company (Regulatory Top Holder): First Gilmer Bankshares, Inc. (RSSDID: 1246515, Location: Gilmer, TX)
    Date Established: January 01, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 11092
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 02, 1951
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 East Main Street, Ore City, TX 75683
    County: Upshur
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Longview-Marshall, TX (#4420)
    Combined Statistical Area (CSA): Longview-Marshall, TX (#346)
    Core Based Statistical Area (CBSA): Longview, TX (#30980)
    CBSA Metro Statistical Area: Longview, TX (#30980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $44.3 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $35.7 mil
    Return on assets (ROA): 0.84% ($0.4 mil)
    Quarterly return on assets: 0.44% ($0.2 mil)
    Return on Equity (ROE): 4.31% ($0.3 mil)
    Quarterly return on equity: 2.27% ($0.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.84% ($372.5 mil)
    Quarterly Pretax return on assets: 0.44% ($195.1 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
  • 15Total employees (full-time equivalent)
  • $44,340Total assets
  • $3,696Cash and due from depository institutions
  • $2,000Interest-bearing balances
  • $11,837Securities
  • $1,125Federal funds sold & reverse repurchase agreements
  • $20,158Net loans & leases
  • $395Loan loss allowance
  • $0Trading account assets
  • $1,682Bank premises and fixed assets
  • $754Other real estate owned
  • $2,926Goodwill and other intangibles
  • $44,340Life insurance assets
  • $2,162All other assets
  • $35,918Total liabilities and capital
  • $35,682Total liabilities
  • $27,601Total deposits
  • $35,682Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $236Subordinated debt
  • $8,422All other liabilities
  • $8,422Total equity capital
  • $8,422Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $1,702Surplus
  • $5,920Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $350Income earned, not collected on loans
  • $0Earning assets
  • $188Long-term assets (5+ years)
  • $35,120Average Assets, year-to-date
  • $10,665Average Assets, quarterly
  • $43,398Volatile liabilities
  • $43,723Insider loans
  • $28,902FHLB advances
  • $42,434Loans and leases held for sale
  • $1,659Unused loan commitments
  • $1,659Tier 1 (core) risk-based capital
  • $5,129Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $855Restructured Loans and leases
  • $1,518Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,883Total interest income
  • $232Total interest expense
  • $1,651Net interest income
  • $134Provision for loan and lease losses
  • $491Total noninterest income
  • $0Fiduciary activities
  • $184Service charges on deposit accounts
  • $0Trading account gains & fees
  • $307Additional noninterest income
  • $1,668Total noninterest expense
  • $784Salaries and employee benefits
  • $341Premises and equipment expense
  • $543Additional noninterest expense
  • $340Pre-tax net operating income
  • $24Securities gains (losses)
  • $0Applicable income taxes
  • $364Income before extraordinary items
  • $0Extraordinary gains - net
  • $364Net income attributable to bank
  • $0Net charge-offs
  • $364Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $527Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.81%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 4.85%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.31%Return on equity (ROE)
  • -1.93%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 2680.00%Credit loss provision to net charge-offs
  • 94.80%Efficiency ratio
  • 77,871Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 144.78%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 112.86%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 56.49%Net loans and leases to core deposits
  • 62.44%Equity capital to assets
  • 18.99%Core capital (leverage) ratio
  • 12.09%Tier 1 risk-based capital ratio
  • 17.75%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $43,398Average earning assets
  • $8,446Average equity
  • $34,356Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011092Security State Bank, National Association220 East Main Street, Ore City, TX 75683January 01, 1912Full Service Brick and Mortar
    1240195Diana BranchWest U.S. Highway 259, Diana, TX 75640June 06, 1988Full Service Brick and Mortar

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