The Security State Bank in Winters, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Security State Bank - Overview

  • General
  • FDIC Certificate #: 18677
    Status: Active
    Federal Reserve ID: 304762
    Date Established: January 01, 1917
    WWW: http://www.ssbwingate.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 12551
    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: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 03, 1963
    Last Structure Change Effective Date: May 01, 2006
    Last Structure Change Process Date: May 22, 2006
    Last Data Update: May 22, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 S Main St, Winters, TX 79567
    County: Runnels
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $40.4 mil
    Equity capital: $3.7 mil
    Deposits held in domestic offices: $36.6 mil
    Return on assets (ROA): 0.91% ($0.4 mil)
    Quarterly return on assets: 0.57% ($0.2 mil)
    Return on Equity (ROE): 10.17% ($0.4 mil)
    Quarterly return on equity: 6.38% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.91% ($367.5 mil)
    Quarterly Pretax return on assets: 0.57% ($230.2 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)
  • $40,385Total assets
  • $8,428Cash and due from depository institutions
  • $7,440Interest-bearing balances
  • $13,343Securities
  • $2,453Federal funds sold & reverse repurchase agreements
  • $14,594Net loans & leases
  • $231Loan loss allowance
  • $0Trading account assets
  • $683Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $40,385Life insurance assets
  • $884All other assets
  • $36,733Total liabilities and capital
  • $36,553Total liabilities
  • $26,521Total deposits
  • $36,553Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $180Subordinated debt
  • $3,652All other liabilities
  • $3,652Total equity capital
  • $3,652Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,500Surplus
  • $1,952Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $33Income earned, not collected on loans
  • $0Earning assets
  • $256Long-term assets (5+ years)
  • $37,830Average Assets, year-to-date
  • $5,696Average Assets, quarterly
  • $37,963Volatile liabilities
  • $40,592Insider loans
  • $19,748FHLB advances
  • $40,991Loans and leases held for sale
  • $386Unused loan commitments
  • $191Tier 1 (core) risk-based capital
  • $3,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $195Total unused commitments
  • $1,445Restructured Loans and leases
  • $277Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,432Total interest income
  • $127Total interest expense
  • $1,305Net interest income
  • $48Provision for loan and lease losses
  • $452Total noninterest income
  • $0Fiduciary activities
  • $353Service charges on deposit accounts
  • $0Trading account gains & fees
  • $99Additional noninterest income
  • $1,363Total noninterest expense
  • $762Salaries and employee benefits
  • $257Premises and equipment expense
  • $344Additional noninterest expense
  • $346Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $346Income before extraordinary items
  • $0Extraordinary gains - net
  • $346Net income attributable to bank
  • $0Net charge-offs
  • $346Cash dividends
  • $52Sale, conversion, retirement of capital stock, net
  • $104Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 0.36%Cost of funding earning assets
  • 3.68%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 10.17%Return on equity (ROE)
  • 7.11%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 92.31%Credit loss provision to net charge-offs
  • 7.58%Efficiency ratio
  • 77,575Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.06%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 700.00%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 39.93%Net loans and leases to core deposits
  • 41.82%Equity capital to assets
  • 9.04%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 17.06%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $37,963Average earning assets
  • $3,403Average equity
  • $35,496Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012551The Security State Bank700 S Main St, Winters, TX 79567January 01, 1917Full Service Brick and Mortar
    2360628The Security State Bank Buffalo Gap502 Vine, Buffalo Gap, TX 79508July 02, 2001Full Service Brick and Mortar

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