The Security State Bank in Winters, Texas (TX)



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The Security State Bank routing number info

Table of contents:
The Security State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)15
Total assets$40,385
Cash and due from depository institutions$8,428
Interest-bearing balances$7,440
Securities$13,343
Federal funds sold & reverse repurchase agreements$2,453
Net loans & leases$14,594
Loan loss allowance $231
Trading account assets$0
Bank premises and fixed assets$683
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$884
Life insurance assets$40,385
Total liabilities and capital$36,733
Total liabilities$36,553
Total deposits$26,521
Interest-bearing deposits$36,553
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $180
All other liabilities $3,652
Total equity capital$3,652
Total bank equity capital$3,652
Perpetual preferred stock$0
Common stock$200
Surplus$1,500
Undivided profits $1,952
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $33
Earning assets $0
Long-term assets (5+ years) $256
Average Assets, year-to-date $37,830
Average Assets, quarterly $5,696
Volatile liabilities $37,963
Insider loans $40,592
FHLB advances $19,748
Loans and leases held for sale $40,991
Unused loan commitments $386
Tier 1 (core) risk-based capital $191
Tier 2 risk-based capital $3,369
Total risk weighted assets $0
Total unused commitments $195
Restructured Loans and leases $1,445
Derivatives$277
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,432
Total interest expense $127
Net interest income $1,305
Provision for loan and lease losses $48
Total noninterest income $452
Fiduciary activities $0
Service charges on deposit accounts $353
Trading account gains & fees $0
Additional noninterest income $99
Total noninterest expense $1,363
Salaries and employee benefits $762
Premises and equipment expense $257
Additional noninterest expense $344
Pre-tax net operating income $346
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $346
Extraordinary gains - net $0
Net income attributable to bank $346
Net charge-offs $0
Cash dividends $346
Sale, conversion, retirement of capital stock, net $52
Net operating income $104
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.03%
Cost of funding earning assets 0.36%
Net interest margin 3.68%
Noninterest income to earning assets 1.27%
Noninterest expense to earning assets 3.84%
Net operating income to assets 0.91%
Return on assets (ROA) 0.91%
Pretax return on assets 0.91%
Return on equity (ROE) 10.17%
Retained earnings to average equity (YTD only) 7.11%
Net charge-offs to loans 0.34%
Credit loss provision to net charge-offs 92.31%
Efficiency ratio7.58%
Assets per employee$77,575
Cash dividends to net income (YTD only)2.69%
Condition Ratios (%)
Loss allowance to loans 30.06%
Loss allowance to noncurrent loans 1.56%
Noncurrent assets plus other real estate owned to assets 700.00%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 39.93%
Equity capital to assets 41.82%
Core capital (leverage) ratio 9.04%
Tier 1 risk-based capital ratio 8.22%
Total risk-based capital ratio 17.06%
Memoranda
Average assets$18
Average earning assets$37,963
Average equity $3,403
Average loans $35,496
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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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