Security Federal Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Security Federal Savings Bank in Durham, North Carolina (NC)
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Security Federal Savings Bank - Overview

General
FDIC Certificate #: 28005
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 974071
Date Established: January 01, 1927
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 723
FDIC's unique #: 40839
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 16, 1942
Last Structure Change Effective Date: May 17, 1993
Last Structure Change Process Date: June 04, 1993
Last Data Update: June 04, 1993
Data Source Date: April 05, 2012
Location
Address: 505 South Duke Street, Durham, NC 27702
County: Durham
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Raleigh
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640)
Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450)
Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500)
CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
Financial Summary
Total assets: $312.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$96Total assets
$317,419Cash and due from depository institutions
$20,279Interest-bearing balances
$11,764Securities
$88,109Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$200,031Loan loss allowance
$1,715Trading account assets
$0Bank premises and fixed assets
$1,909Other real estate owned
$802Goodwill and other intangibles
$5,963Life insurance assets
$326All other assets
$0Total liabilities and capital
$317,419Total liabilities
$288,301Total deposits
$261,899Interest-bearing deposits
$251,927Deposits held in domestic offices
261899.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$19,000Subordinated debt
$0All other liabilities
$7,402Total equity capital
$7,402Total bank equity capital
$29,118Perpetual preferred stock
$0Common stock
$100Surplus
$10,783Undivided profits
Memoranda
$18,235Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,048Income earned, not collected on loans
$1,224Earning assets
$299,904Long-term assets (5+ years)
$0Average Assets, year-to-date
$330,655Average Assets, quarterly
$326,907Volatile liabilities
$52,148Insider loans
$0FHLB advances
$19,000Loans and leases held for sale
$0Unused loan commitments
$32,070Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$28,792Total risk weighted assets
$144,799Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$25,901Total interest expense
$15,373Net interest income
$10,528Provision for loan and lease losses
$721Total noninterest income
$1,629Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,629Total noninterest expense
$7,305Salaries and employee benefits
$2,257Premises and equipment expense
$2,009Additional noninterest expense
$3,039Pre-tax net operating income
$4,131Securities gains (losses)
$360Applicable income taxes
$1,733Income before extraordinary items
$2,758Extraordinary gains - net
$0Net income attributable to bank
$2,758Net charge-offs
$295Cash dividends
$1,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.31%Cost of funding earning assets
4.93%Net interest margin
3.38%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
2.34%Net operating income to assets
0.76%Return on assets (ROA)
0.83%Pretax return on assets
1.36%Return on equity (ROE)
9.82%Retained earnings to average equity (YTD only)
6.26%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
244.41%Efficiency ratio
59,859Assets per employee
3.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.26%Loss allowance to loans
0.85%Loss allowance to noncurrent loans
83.74%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
1.02%Net loans and leases to deposits
76.38%Net loans and leases to core deposits
87.44%Equity capital to assets
9.17%Core capital (leverage) ratio
9.08%Tier 1 risk-based capital ratio
19.88%Total risk-based capital ratio
Memoranda
$21Average assets
$330,655Average earning assets
$28,098Average equity
$311,863Average loans

Security Federal Savings Bank in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Security Federal Savings Bank in Durham, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

Security Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Security Federal Savings Bank in Durham, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches