The Security State Bank in Mc Rae, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Security State Bank - Overview

  • General
  • FDIC Certificate #: 19680
    Status: Active
    Federal Reserve ID: 598132
    Bank Holding Company (Regulatory Top Holder): Farmers Bancshares, Inc. (RSSDID: 1080885, Location: Dublin, GA)
    Date Established: Febuary 01, 1950
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 13479
    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: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 1967
    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: 49 West Oak Street, Mc Rae, GA 31055
    County: Telfair
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $39.7 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $34.1 mil
    Return on assets (ROA): 0.52% ($0.2 mil)
    Quarterly return on assets: 0.12% ($0.0 mil)
    Return on Equity (ROE): 3.76% ($0.2 mil)
    Quarterly return on equity: 0.86% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.52% ($206.4 mil)
    Quarterly Pretax return on assets: 0.12% ($47.6 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
  • 12Total employees (full-time equivalent)
  • $39,699Total assets
  • $4,614Cash and due from depository institutions
  • $88Interest-bearing balances
  • $13,067Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,332Net loans & leases
  • $403Loan loss allowance
  • $0Trading account assets
  • $392Bank premises and fixed assets
  • $820Other real estate owned
  • $0Goodwill and other intangibles
  • $39,699Life insurance assets
  • $474All other assets
  • $34,169Total liabilities and capital
  • $34,089Total liabilities
  • $25,908Total deposits
  • $34,089Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $80Subordinated debt
  • $5,530All other liabilities
  • $5,530Total equity capital
  • $5,530Total bank equity capital
  • $0Perpetual preferred stock
  • $390Common stock
  • $2,960Surplus
  • $2,180Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29Income earned, not collected on loans
  • $0Earning assets
  • $298Long-term assets (5+ years)
  • $33,487Average Assets, year-to-date
  • $11,571Average Assets, quarterly
  • $39,791Volatile liabilities
  • $39,251Insider loans
  • $23,372FHLB advances
  • $39,694Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,299Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $625Restructured Loans and leases
  • $75Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,937Total interest income
  • $312Total interest expense
  • $1,625Net interest income
  • $205Provision for loan and lease losses
  • $211Total noninterest income
  • $0Fiduciary activities
  • $286Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$75Additional noninterest income
  • $1,426Total noninterest expense
  • $830Salaries and employee benefits
  • $155Premises and equipment expense
  • $441Additional noninterest expense
  • $205Pre-tax net operating income
  • $2Securities gains (losses)
  • $0Applicable income taxes
  • $207Income before extraordinary items
  • $0Extraordinary gains - net
  • $207Net income attributable to bank
  • $0Net charge-offs
  • $207Cash dividends
  • $127Sale, conversion, retirement of capital stock, net
  • $185Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 3.76%Return on equity (ROE)
  • 0.40%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 161.42%Credit loss provision to net charge-offs
  • 3.23%Efficiency ratio
  • 77,669Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 89.37%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 1389.66%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 59.64%Net loans and leases to core deposits
  • 64.05%Equity capital to assets
  • 13.93%Core capital (leverage) ratio
  • 13.35%Tier 1 risk-based capital ratio
  • 22.67%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $39,791Average earning assets
  • $5,504Average equity
  • $34,501Average loans

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013479The Security State Bank49 West Oak Street, Mc Rae, GA 31055Febuary 01, 1950Full Service Brick and Mortar

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