FDIC Certificate #: 31592 Status: Active Federal Reserve ID: 558574 Date Established: January 01, 1970 WWW:http://www.securityfederalonline.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 7228 FDIC's unique #: 44426 Numeric code: 33 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: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: March 22, 1971 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: 301 Third Avenue, Jasper, AL 35501 County: Walker Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $34.1 mil Equity capital: $3.8 mil Deposits held in domestic offices: $29.3 mil Return on assets (ROA): 0.30% ($0.1 mil) Quarterly return on assets: 0.37% ($0.1 mil) Return on Equity (ROE): 2.93% ($0.1 mil) Quarterly return on equity: 3.41% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.32% ($109.2 mil) Quarterly Pretax return on assets: 0.38% ($129.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
15Total employees (full-time equivalent)
$34,133Total assets
$12,272Cash and due from depository institutions
$11,801Interest-bearing balances
$7,331Securities
$0Federal funds sold & reverse repurchase agreements
$13,863Net loans & leases
$252Loan loss allowance
$0Trading account assets
$218Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$34,135Life insurance assets
$449All other assets
$30,370Total liabilities and capital
$29,265Total liabilities
$28,267Total deposits
$29,265Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$105Subordinated debt
$3,765All other liabilities
$3,765Total equity capital
$3,765Total bank equity capital
$0Perpetual preferred stock
$2Common stock
$1,446Surplus
$2,317Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$201Income earned, not collected on loans
$0Earning assets
$139Long-term assets (5+ years)
$32,995Average Assets, year-to-date
$0Average Assets, quarterly
$35,935Volatile liabilities
$34,924Insider loans
$16,320FHLB advances
$34,172Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,804Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$786Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,697Total interest income
$252Total interest expense
$1,445Net interest income
$171Provision for loan and lease losses
$182Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$182Additional noninterest income
$1,340Total noninterest expense
$866Salaries and employee benefits
$255Premises and equipment expense
$219Additional noninterest expense
$116Pre-tax net operating income
$0Securities gains (losses)
$7Applicable income taxes
$109Income before extraordinary items
$0Extraordinary gains - net
$109Net income attributable to bank
$0Net charge-offs
$109Cash dividends
$133Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.89%Yield on earning assets
0.73%Cost of funding earning assets
4.17%Net interest margin
0.52%Noninterest income to earning assets
3.86%Noninterest expense to earning assets
0.30%Net operating income to assets
0.30%Return on assets (ROA)
0.32%Pretax return on assets
2.93%Return on equity (ROE)
2.93%Retained earnings to average equity (YTD only)
0.98%Net charge-offs to loans
128.57%Credit loss provision to net charge-offs
2.16%Efficiency ratio
82,360Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
125.37%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
1.42%Net loans and leases to deposits
47.37%Net loans and leases to core deposits
50.38%Equity capital to assets
11.03%Core capital (leverage) ratio
11.13%Tier 1 risk-based capital ratio
23.31%Total risk-based capital ratio
Memoranda
$25Average assets
$35,935Average earning assets
$3,717Average equity
$34,672Average loans
List of branches
1 Alabama Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
44426
Security Federal Savings Bank
301 Third Avenue, Jasper, AL 35501
January 01, 1970
Full Service Brick and Mortar
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