FDIC Certificate #: 16395 Status: Active Federal Reserve ID: 741648 Bank Holding Company (Regulatory Top Holder): Smith Associated Banking Corporation (RSSDID: 1098004, Location: Hot Springs, AR) Date Established: April 01, 1946 WWW:http://www.secbnk.com 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 #: 10573 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: All Other Specialization < 1 Billion Date of Deposit Insurance: April 01, 1946 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: 108 Ruby Street, Stephens, AR 71764 County: Ouachita Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Shreveport Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Camden, AR (#15780) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $50.1 mil Equity capital: $4.1 mil Deposits held in domestic offices: $44.9 mil Return on assets (ROA): 0.65% ($0.3 mil) Quarterly return on assets: 0.13% ($0.1 mil) Return on Equity (ROE): 8.53% ($0.3 mil) Quarterly return on equity: 1.57% ($0.1 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.87% ($436.0 mil) Quarterly Pretax return on assets: 0.30% ($150.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$50,119Total assets
$4,125Cash and due from depository institutions
$3,299Interest-bearing balances
$6,469Securities
$150Federal funds sold & reverse repurchase agreements
$35,342Net loans & leases
$614Loan loss allowance
$0Trading account assets
$1,780Bank premises and fixed assets
$90Other real estate owned
$0Goodwill and other intangibles
$50,119Life insurance assets
$2,163All other assets
$46,059Total liabilities and capital
$44,896Total liabilities
$40,683Total deposits
$44,896Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,163Subordinated debt
$4,060All other liabilities
$4,060Total equity capital
$4,060Total bank equity capital
$500Perpetual preferred stock
$275Common stock
$559Surplus
$2,726Undivided profits
Memoranda
$0Noncurrent loans and leases
$200Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$564Income earned, not collected on loans
$0Earning assets
$306Long-term assets (5+ years)
$45,260Average Assets, year-to-date
$7,062Average Assets, quarterly
$47,456Volatile liabilities
$49,318Insider loans
$31,883FHLB advances
$49,450Loans and leases held for sale
$1,166Unused loan commitments
$1,166Tier 1 (core) risk-based capital
$3,973Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,296Restructured Loans and leases
$590Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,537Total interest income
$571Total interest expense
$1,966Net interest income
$284Provision for loan and lease losses
$284Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$222Additional noninterest income
$1,565Total noninterest expense
$779Salaries and employee benefits
$196Premises and equipment expense
$590Additional noninterest expense
$401Pre-tax net operating income
$10Securities gains (losses)
$104Applicable income taxes
$307Income before extraordinary items
$0Extraordinary gains - net
$307Net income attributable to bank
$0Net charge-offs
$307Cash dividends
$94Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.97%Yield on earning assets
1.34%Cost of funding earning assets
4.62%Net interest margin
0.67%Noninterest income to earning assets
3.68%Noninterest expense to earning assets
0.63%Net operating income to assets
0.65%Return on assets (ROA)
0.87%Pretax return on assets
8.53%Return on equity (ROE)
7.14%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
302.13%Credit loss provision to net charge-offs
7.29%Efficiency ratio
69,556Assets per employee
2.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.29%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
108.87%Noncurrent assets plus other real estate owned to assets
1.30%Noncurrent loans to loans
1.57%Net loans and leases to deposits
78.72%Net loans and leases to core deposits
89.71%Equity capital to assets
8.10%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$14Average assets
$47,456Average earning assets
$3,597Average equity
$42,527Average loans
List of branches
1 Arkansas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10573
Security Bank
108 Ruby Street, Stephens, AR 71764
April 01, 1946
Full Service Brick and Mortar
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