Security Federal Savings Association in Panama City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 06, 1994

  • Security Federal Savings Association in Panama City, Florida (FL)
  • Show street view No street view available for this location

Security Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33550
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Regions Bank of Florida (#18114)
    Federal Reserve ID: 412078
    Date Established: January 31, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9697
    FDIC's unique #: 47430
    Numeric code: 38
    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: January 31, 1992
    Last Structure Change Effective Date: May 06, 1994
    Last Structure Change Process Date: May 10, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 Harrison Avenue, Panama City, FL 32401
    County: Bay
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Panama City, FL (#6015)
    Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460)
    CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
  • History of Changes
  • Pass Through Receivership Merger
    Office Sold
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $20.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $40Total assets
  • $23,700Cash and due from depository institutions
  • $3,501Interest-bearing balances
  • $3,003Securities
  • $6,115Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $4,695Loan loss allowance
  • $736Trading account assets
  • $0Bank premises and fixed assets
  • $1,406Other real estate owned
  • $179Goodwill and other intangibles
  • $7,804Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $23,700Total liabilities
  • $39,504Total deposits
  • $38,452Interest-bearing deposits
  • $38,452Deposits held in domestic offices
  • 38452.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,052Total equity capital
  • $1,052Total bank equity capital
  • $-15,804Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-15,804Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $173Income earned, not collected on loans
  • $57Earning assets
  • $13,813Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $33,077Average Assets, quarterly
  • $25,739Volatile liabilities
  • $810Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-15,804Total risk weighted assets
  • $14,421Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,169Total interest expense
  • $1,920Net interest income
  • -$751Provision for loan and lease losses
  • $716Total noninterest income
  • $785Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $785Total noninterest expense
  • $5,141Salaries and employee benefits
  • $1,300Premises and equipment expense
  • $708Additional noninterest expense
  • $3,133Pre-tax net operating income
  • -$5,823Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$5,823Extraordinary gains - net
  • $0Net income attributable to bank
  • -$5,823Net charge-offs
  • $726Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 5.48%Cost of funding earning assets
  • 9.01%Net interest margin
  • -3.52%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 24.12%Net operating income to assets
  • -17.60%Return on assets (ROA)
  • -17.60%Pretax return on assets
  • -17.60%Return on equity (ROE)
  • 44.04%Retained earnings to average equity (YTD only)
  • 44.04%Net charge-offs to loans
  • 9.80%Credit loss provision to net charge-offs
  • 98.62%Efficiency ratio
  • 15,120,588Assets per employee
  • 0.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 13.55%Loss allowance to noncurrent loans
  • 425.43%Noncurrent assets plus other real estate owned to assets
  • 1.49%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 12.21%Net loans and leases to core deposits
  • 12.47%Equity capital to assets
  • -66.68%Core capital (leverage) ratio
  • -66.68%Tier 1 risk-based capital ratio
  • -109.59%Total risk-based capital ratio
  • Memoranda
  • -$110Average assets
  • $33,077Average earning assets
  • -$13,222Average equity
  • $21,318Average loans

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