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

Security Federal Savings Bank in Logansport, Indiana (IN)
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Security Federal Savings Bank - Overview

General
FDIC Certificate #: 28894
Status: Active
Federal Reserve ID: 32971
Date Established: April 01, 1934
WWW: http://www.secfedbank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 2578
FDIC's unique #: 41728
Numeric code: 34
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: October 27, 1934
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 314 Fourth St, Logansport, IN 46947
County: Cass
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
Core Based Statistical Area (CBSA): Logansport, IN (#30900)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $193.0 mil
Equity capital: $24.4 mil
Deposits held in domestic offices: $156.0 mil
Return on assets (ROA): 0.66% ($1.3 mil)
Quarterly return on assets: 0.63% ($1.2 mil)
Return on Equity (ROE): 5.36% ($1.3 mil)
Quarterly return on equity: 4.96% ($1.2 mil)
Net income: $1.3 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.89% ($1,717.5 mil)
Quarterly Pretax return on assets: 0.84% ($1,621.0 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
57Total employees (full-time equivalent)
$192,974Total assets
$19,229Cash and due from depository institutions
$17,562Interest-bearing balances
$35,010Securities
$0Federal funds sold & reverse repurchase agreements
$121,607Net loans & leases
$1,686Loan loss allowance
$0Trading account assets
$3,892Bank premises and fixed assets
$2,977Other real estate owned
$1,067Goodwill and other intangibles
$192,974Life insurance assets
$9,192All other assets
$168,537Total liabilities and capital
$156,047Total liabilities
$144,184Total deposits
$156,047Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,000Trading liabilities
$0Other borrowed funds
$2,490Subordinated debt
$24,437All other liabilities
$24,437Total equity capital
$24,437Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$24,437Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,412Income earned, not collected on loans
$0Earning assets
$1,002Long-term assets (5+ years)
$174,179Average Assets, year-to-date
$0Average Assets, quarterly
$191,016Volatile liabilities
$191,201Insider loans
$115,883FHLB advances
$192,194Loans and leases held for sale
$5,850Unused loan commitments
$0Tier 1 (core) risk-based capital
$23,657Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$13,469Restructured Loans and leases
$3,247Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$8,723Total interest income
$1,721Total interest expense
$7,002Net interest income
$441Provision for loan and lease losses
$1,628Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,628Additional noninterest income
$6,496Total noninterest expense
$3,891Salaries and employee benefits
$684Premises and equipment expense
$1,921Additional noninterest expense
$1,693Pre-tax net operating income
$0Securities gains (losses)
$438Applicable income taxes
$1,255Income before extraordinary items
$0Extraordinary gains - net
$1,255Net income attributable to bank
$0Net charge-offs
$1,255Cash dividends
$507Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.06%Yield on earning assets
1.00%Cost of funding earning assets
4.06%Net interest margin
0.94%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.66%Net operating income to assets
0.66%Return on assets (ROA)
0.89%Pretax return on assets
5.36%Return on equity (ROE)
5.36%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
86.98%Credit loss provision to net charge-offs
4.21%Efficiency ratio
74,195Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
69.90%Noncurrent assets plus other real estate owned to assets
2.79%Noncurrent loans to loans
1.96%Net loans and leases to deposits
77.93%Net loans and leases to core deposits
81.73%Equity capital to assets
12.66%Core capital (leverage) ratio
12.31%Tier 1 risk-based capital ratio
20.41%Total risk-based capital ratio
Memoranda
$22Average assets
$191,016Average earning assets
$23,401Average equity
$172,369Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$27,100Managed Assets
1Number of Accounts
$24,246Personal trust and agency accounts
$18,221Employee benefit-defined contribution accounts
$1,205Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$150Investment management agency accounts
$4,670Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
135Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$2,854Other retirement accounts
$1,030Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

4 Indiana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	41728	Security Federal Savings Bank	314 Fourth St, Logansport, IN 46947	April 01, 1934	Full Service Brick and Mortar
100	271452	Markland Avenue Branch	519 East Markland Avenue, Kokomo, IN 46901	April 01, 1934	Full Service Brick and Mortar
101	359085	Mall Road Branch	300 Mall Road, Logansport, IN 46947	October 04, 1999	Full Service Brick and Mortar
102	495110	Washington Street Branch	1260 South Washington Street, Delphi, IN 46923	August 18, 2008	Full Service Brick and Mortar

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Security Federal Savings Bank in Logansport, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Federal Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Security Federal Savings Bank in Logansport, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

Security Federal Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Security Federal Savings Bank in Logansport, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches