Security State Bank & Trust in Fredericksburg, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Security State Bank & Trust in Fredericksburg, Texas (TX)
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Security State Bank & Trust - Overview

  • General
  • FDIC Certificate #: 15809
    Status: Active
    Federal Reserve ID: 247355
    Bank Holding Company (Regulatory Top Holder): Security Holding Company (RSSDID: 1107308, Location: Fredericksburg, TX)
    Date Established: April 07, 1941
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Domestic: 18, Interstate: No)
    OTS Docket #: 13389
    FDIC's unique #: 10053
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 07, 1941
    Last Structure Change Effective Date: March 17, 2010
    Last Structure Change Process Date: April 09, 2010
    Last Data Update: April 09, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West Main Street, Fredericksburg, TX 78624
    County: Gillespie
    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
    Core Based Statistical Area (CBSA): Fredericksburg, TX (#23240)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $661.6 mil
    Equity capital: $102.5 mil
    Deposits held in domestic offices: $523.9 mil
    Return on assets (ROA): 1.01% ($6.7 mil)
    Quarterly return on assets: 1.32% ($8.7 mil)
    Return on Equity (ROE): 6.45% ($6.6 mil)
    Quarterly return on equity: 8.37% ($8.6 mil)
    Net income: $6.5 mil
    Quarterly Net income: $2.1 mil
    Pretax return on assets: 1.39% ($9,196.2 mil)
    Quarterly Pretax return on assets: 1.85% ($12,239.5 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
  • 226Total employees (full-time equivalent)
  • $661,597Total assets
  • $59,448Cash and due from depository institutions
  • $44,876Interest-bearing balances
  • $163,047Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $400,132Net loans & leases
  • $3,855Loan loss allowance
  • $0Trading account assets
  • $11,047Bank premises and fixed assets
  • $22,640Other real estate owned
  • $0Goodwill and other intangibles
  • $661,597Life insurance assets
  • $5,283All other assets
  • $559,097Total liabilities and capital
  • $523,880Total liabilities
  • $365,668Total deposits
  • $523,880Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 25745.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,122Trading liabilities
  • $0Other borrowed funds
  • $2,350Subordinated debt
  • $102,500All other liabilities
  • $102,500Total equity capital
  • $102,500Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $35,591Surplus
  • $66,409Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,982Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,622Income earned, not collected on loans
  • $670Earning assets
  • $2,748Long-term assets (5+ years)
  • $608,055Average Assets, year-to-date
  • $162,010Average Assets, quarterly
  • $638,804Volatile liabilities
  • $650,578Insider loans
  • $444,461FHLB advances
  • $648,438Loans and leases held for sale
  • $426Unused loan commitments
  • $426Tier 1 (core) risk-based capital
  • $100,840Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $49,935Restructured Loans and leases
  • $3,569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,095Total interest income
  • $2,473Total interest expense
  • $26,622Net interest income
  • $1,418Provision for loan and lease losses
  • $6,377Total noninterest income
  • $496Fiduciary activities
  • $2,995Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,886Additional noninterest income
  • $22,679Total noninterest expense
  • $12,123Salaries and employee benefits
  • $1,965Premises and equipment expense
  • $8,591Additional noninterest expense
  • $8,902Pre-tax net operating income
  • -$8Securities gains (losses)
  • $2,424Applicable income taxes
  • $6,470Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,470Net income attributable to bank
  • $0Net charge-offs
  • $6,470Cash dividends
  • $1,296Sale, conversion, retirement of capital stock, net
  • $2,266Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 4.53%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 6.45%Return on equity (ROE)
  • 4.19%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 109.41%Credit loss provision to net charge-offs
  • 7.96%Efficiency ratio
  • 68,726Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.02%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 26.36%Noncurrent assets plus other real estate owned to assets
  • 5.63%Noncurrent loans to loans
  • 3.62%Net loans and leases to deposits
  • 76.38%Net loans and leases to core deposits
  • 79.39%Equity capital to assets
  • 15.49%Core capital (leverage) ratio
  • 15.55%Tier 1 risk-based capital ratio
  • 22.69%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $638,804Average earning assets
  • $100,308Average equity
  • $587,341Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $53,121Managed Assets
  • 1Number of Accounts
  • $46,693Personal trust and agency accounts
  • $36,084Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $8,628Other fiduciary accounts
  • $1,981Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 103Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,428Other retirement accounts
  • $3,807Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $189Fiduciary accounts held in foreign offices

List of branches

  • 18 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010053Security State Bank & Trust201 West Main Street, Fredericksburg, TX 78624April 07, 1941Full Service Brick and Mortar
    2235533Detached Facility115 North Crockett Street, Fredericksburg, TX 78624December 29, 1980Limited Service Facility
    316938Kingsland BranchHighways 1431 And 290, Kingsland, TX 78639January 24, 1983Full Service Brick and Mortar
    48462Harper BranchHighway 290, Harper, TX 78631October 15, 1915Full Service Brick and Mortar
    6235535Marble Falls Branch608 Highway 281 North, Marble Falls, TX 78654Febuary 25, 1991Full Service Brick and Mortar
    7235536Kerrville Branch1130 Junction Highway, Kerrville, TX 78028March 12, 1992Full Service Brick and Mortar
    8235537Boerne Branch607 Main Street, Boerne, TX 78006July 13, 1992Full Service Brick and Mortar
    9235538Kerrville Drive Through Facility200 Sidney Baker South, Kerrville, TX 78028July 08, 1993Limited Service Facility
    10235539Bulverde Branch3131 Bulverde Road, Bulverde, TX 78163July 07, 1994Full Service Brick and Mortar
    11235540Comfort Branch832 Front Street, Comfort, TX 78013October 16, 1995Full Service Brick and Mortar
    12235541Pale Face Branch3610 Pace Bend Rd. South, Spicewood, TX 78669March 16, 1998Full Service Brick and Mortar
    15357677Blanco Branch1000 U.S. Hwy 281, Blanco, TX 78606April 17, 2000Full Service Brick and Mortar
    16364939Dripping Springs Branch1500 Hwy 290 West, Dripping Springs, TX 78620January 01, 2002Full Service Brick and Mortar
    17429661Lago Vista Branch7626 Lohman Ford Road, Lago Vista, TX 78645December 15, 2003Full Service Brick and Mortar
    19440377Ingram Office Branch3239 Junction Highway, Ingram, TX 78025July 27, 2004Full Service Brick and Mortar
    21453123Security State Bank And Trust Branch707 Main Street, Marble Falls, TX 78654April 05, 2006Limited Service Facility
    22462259Canyon Lake Branch18125 Fm 306, Canyon Lake, TX 78133January 08, 2007Full Service Brick and Mortar
    23493160Main Street Branch1111 East Main Street, Fredericksburg, TX 78624Febuary 02, 2009Limited Service Facility

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