The Security Bank in Harrison, Arkansas (AR)



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Table of contents:
The Security Bank
GeneralFDIC Certificate #: 83
Status: Inactive
Closing history: Corrections
Acquiring institution: Regions Bank (#12368)
Federal Reserve ID: 267148
Date Established: November 01, 1931
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
OTS Docket #: 14457
FDIC's unique #: 63
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: September 24, 1998
Last Structure Change Process Date: October 29, 1998
Last Data Update: October 29, 1998
Data Source Date: April 05, 2012
LocationAddress: 300 North Vine Street, Harrison, AR 72601
County: Boone
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Harrison, AR (#25460)
CBSA Micro Statistical Area: Yes
History of ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $119.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)52
Total assets$121,339
Cash and due from depository institutions$4,909
Interest-bearing balances$540
Securities$28,824
Federal funds sold & reverse repurchase agreements$2,175
Net loans & leases$81,566
Loan loss allowance $1,238
Trading account assets$0
Bank premises and fixed assets$1,748
Other real estate owned$28
Goodwill and other intangibles$0
All other assets$2,089
Life insurance assets$0
Total liabilities and capital$121,339
Total liabilities$112,378
Total deposits$111,155
Interest-bearing deposits$93,891
Deposits held in domestic offices$111,155
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $536
Subordinated debt $0
All other liabilities $687
Total equity capital$8,961
Total bank equity capital$8,961
Perpetual preferred stock$8,961
Common stock$0
Surplus$100
Undivided profits $4,900
Memoranda
Noncurrent loans and leases $3,961
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $1,575
Long-term assets (5+ years) $0
Average Assets, year-to-date $733
Average Assets, quarterly $113,105
Volatile liabilities $18,377
Insider loans $119,304
FHLB advances $121,527
Loans and leases held for sale $14,846
Unused loan commitments $4,551
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,532
Restructured Loans and leases $0
Derivatives$85,421
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $9,435
Total interest expense $3,843
Net interest income $5,592
Provision for loan and lease losses $503
Total noninterest income $724
Fiduciary activities $42
Service charges on deposit accounts $427
Trading account gains & fees $0
Additional noninterest income $255
Total noninterest expense $2,907
Salaries and employee benefits $1,418
Premises and equipment expense $404
Additional noninterest expense $1,085
Pre-tax net operating income $2,906
Securities gains (losses) -$1
Applicable income taxes $999
Income before extraordinary items $1,906
Extraordinary gains - net $0
Net income attributable to bank $1,906
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $385
Net operating income $2,000
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.52%
Cost of funding earning assets 3.47%
Net interest margin 5.05%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 2.62%
Net operating income to assets 1.60%
Return on assets (ROA) 1.60%
Pretax return on assets 2.43%
Return on equity (ROE) 21.95%
Retained earnings to average equity (YTD only) -1.08%
Net charge-offs to loans 0.46%
Credit loss provision to net charge-offs 130.65%
Efficiency ratio8.85%
Assets per employee$46,026
Cash dividends to net income (YTD only)2.33%
Condition Ratios (%)
Loss allowance to loans 104.93%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 78.60%
Noncurrent loans to loans 1.32%
Net loans and leases to deposits1.90%
Net loans and leases to core deposits 73.38%
Equity capital to assets 84.69%
Core capital (leverage) ratio 7.39%
Tier 1 risk-based capital ratio 7.22%
Total risk-based capital ratio 10.45%
Memoranda
Average assets$12
Average earning assets$119,304
Average equity $8,683
Average loans $110,791
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