Security Federal Savings and Loan Association in Jackson, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 15, 1994

  • Security Federal Savings and Loan Association in Jackson, Mississippi (MS)
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Security Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 33711
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: BancorpSouth Bank (#11813)
    Federal Reserve ID: 232472
    Date Established: October 16, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10355
    FDIC's unique #: 47823
    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: October 16, 1992
    Last Structure Change Effective Date: April 15, 1994
    Last Structure Change Process Date: April 26, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 South Lamar Street, Jackson, MS 39201
    County: Hinds
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Jackson, MS (#3560)
    Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298)
    Core Based Statistical Area (CBSA): Jackson, MS (#27140)
    CBSA Metro Statistical Area: Jackson, MS (#27140)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $162.5 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)
  • $111Total assets
  • $194,806Cash and due from depository institutions
  • $19,279Interest-bearing balances
  • $4,989Securities
  • $7,587Federal funds sold & reverse repurchase agreements
  • $5,625Net loans & leases
  • $72,514Loan loss allowance
  • $11,865Trading account assets
  • $0Bank premises and fixed assets
  • $22,454Other real estate owned
  • $6,903Goodwill and other intangibles
  • $51,783Life insurance assets
  • $8,661All other assets
  • $0Total liabilities and capital
  • $194,806Total liabilities
  • $213,073Total deposits
  • $210,250Interest-bearing deposits
  • $210,250Deposits held in domestic offices
  • 210250.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $26Subordinated debt
  • $0All other liabilities
  • $2,797Total equity capital
  • $2,797Total bank equity capital
  • $-18,267Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-18,267Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,501Income earned, not collected on loans
  • $973Earning assets
  • $90,715Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $229,527Average Assets, quarterly
  • $208,302Volatile liabilities
  • $40,285Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-18,304Total risk weighted assets
  • $123,657Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,682Total interest expense
  • $8,527Net interest income
  • $2,155Provision for loan and lease losses
  • $97Total noninterest income
  • $3,124Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,124Total noninterest expense
  • $14,607Salaries and employee benefits
  • $2,987Premises and equipment expense
  • $3,990Additional noninterest expense
  • $7,630Pre-tax net operating income
  • -$9,425Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$9,425Extraordinary gains - net
  • $0Net income attributable to bank
  • -$9,425Net charge-offs
  • $5Cash 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
  • 8.98%Cost of funding earning assets
  • 7.16%Net interest margin
  • 1.81%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 12.27%Net operating income to assets
  • -4.11%Return on assets (ROA)
  • -4.11%Pretax return on assets
  • -4.11%Return on equity (ROE)
  • 86.86%Retained earnings to average equity (YTD only)
  • 86.86%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 1940.00%Efficiency ratio
  • 276,700Assets per employee
  • 1.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 14.06%Loss allowance to noncurrent loans
  • 112.99%Noncurrent assets plus other real estate owned to assets
  • 7.53%Noncurrent loans to loans
  • 12.45%Net loans and leases to deposits
  • 34.49%Net loans and leases to core deposits
  • 42.66%Equity capital to assets
  • -9.38%Core capital (leverage) ratio
  • -10.87%Tier 1 risk-based capital ratio
  • -14.80%Total risk-based capital ratio
  • Memoranda
  • -$15Average assets
  • $229,527Average earning assets
  • -$10,851Average equity
  • $119,016Average loans

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