Security Federal Bank & Trust in Saint John, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 05, 2003

  • Security Federal Bank & Trust in Saint John, Indiana (IN)
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Security Federal Bank & Trust - Overview

  • General
  • FDIC Certificate #: 29580
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Standard Bank and Trust Company (#16606)
    Federal Reserve ID: 453772
    Date Established: January 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3695
    FDIC's unique #: 42414
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 07, 1935
    Last Structure Change Effective Date: June 05, 2003
    Last Structure Change Process Date: July 01, 2003
    Last Data Update: July 01, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 9321 Wicker Avenue, Saint John, IN 46373
    County: Lake
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Gary, IN (#2960)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Gary, IN (#23844)
  • Financial Summary
  • Total assets: $198.9 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, 2002)

  • Dollar figures in thousands
  • 64Total employees (full-time equivalent)
  • $196,197Total assets
  • $42,892Cash and due from depository institutions
  • $36,779Interest-bearing balances
  • $36,820Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $97,453Net loans & leases
  • $1,231Loan loss allowance
  • $0Trading account assets
  • $4,522Bank premises and fixed assets
  • $615Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $13,895All other assets
  • $196,197Total liabilities and capital
  • $165,696Total liabilities
  • $148,388Total deposits
  • $141,228Interest-bearing deposits
  • $148,388Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,374Other borrowed funds
  • $0Subordinated debt
  • $934All other liabilities
  • $30,501Total equity capital
  • $30,501Total bank equity capital
  • $30,501Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $9,081Undivided profits
  • Memoranda
  • $21,419Noncurrent loans and leases
  • $18,232Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,262Earning assets
  • $0Long-term assets (5+ years)
  • $1,111Average Assets, year-to-date
  • $171,052Average Assets, quarterly
  • $0Volatile liabilities
  • $196,683Insider loans
  • $196,299FHLB advances
  • $40,164Loans and leases held for sale
  • $296Unused loan commitments
  • $15,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,232Total unused commitments
  • $615Restructured Loans and leases
  • $1,231Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $9,730Total interest income
  • $4,489Total interest expense
  • $5,241Net interest income
  • $55Provision for loan and lease losses
  • $1,626Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,626Additional noninterest income
  • $5,574Total noninterest expense
  • $3,152Salaries and employee benefits
  • $1,319Premises and equipment expense
  • $1,103Additional noninterest expense
  • $1,238Pre-tax net operating income
  • $312Securities gains (losses)
  • $513Applicable income taxes
  • $1,037Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,037Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $168Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 2.61%Cost of funding earning assets
  • 3.05%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 3.50%Return on equity (ROE)
  • 3.50%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 32.74%Credit loss provision to net charge-offs
  • 7.70%Efficiency ratio
  • 81,171Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 97.54%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 65.67%Net loans and leases to core deposits
  • 78.21%Equity capital to assets
  • 15.55%Core capital (leverage) ratio
  • 15.45%Tier 1 risk-based capital ratio
  • 26.32%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $196,683Average earning assets
  • $29,608Average equity
  • $171,974Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,799Managed Assets
  • 1Number of Accounts
  • $1,596Personal trust and agency accounts
  • $1,596Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 225Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,203Other retirement accounts
  • $1,729Corporate trust and agency accounts
  • $1,268Other fiduciary accounts
  • $2,206Fiduciary accounts held in foreign offices

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