Security Savings Bank, F.S.B. in Olathe, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 2010

  • Security Savings Bank, F.S.B. in Olathe, Kansas (KS)
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Security Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 30898
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Simmons First National Bank (#3890)
    Federal Reserve ID: 945370
    Date Established: January 01, 1956
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6084
    FDIC's unique #: 43732
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 02, 1957
    Last Structure Change Effective Date: October 15, 2010
    Last Structure Change Process Date: October 19, 2010
    Last Data Update: October 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11599 Ridgeview, Olathe, KS 66061
    County: Johnson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • Financial Summary
  • Total assets: $453.3 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, 2009)

  • Dollar figures in thousands
  • 127Total employees (full-time equivalent)
  • $549,908Total assets
  • $18,982Cash and due from depository institutions
  • $15,112Interest-bearing balances
  • $104,332Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $390,251Net loans & leases
  • $9,565Loan loss allowance
  • $0Trading account assets
  • $7,464Bank premises and fixed assets
  • $13,210Other real estate owned
  • $2,169Goodwill and other intangibles
  • $0Life insurance assets
  • $13,500All other assets
  • $549,908Total liabilities and capital
  • $521,075Total liabilities
  • $404,170Total deposits
  • $390,578Interest-bearing deposits
  • $404,170Deposits held in domestic offices
  • 97.68%% insured (estimated)
  • $1,682Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $113,517Other borrowed funds
  • $0Subordinated debt
  • $1,706All other liabilities
  • $28,833Total equity capital
  • $28,833Total bank equity capital
  • $28,833Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $18,927Undivided profits
  • Memoranda
  • $9,406Noncurrent loans and leases
  • $28,759Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $31,692Earning assets
  • $0Long-term assets (5+ years)
  • $2,135Average Assets, year-to-date
  • $509,695Average Assets, quarterly
  • $0Volatile liabilities
  • $600,961Insider loans
  • $560,009FHLB advances
  • $226,007Loans and leases held for sale
  • $3,911Unused loan commitments
  • $113,517Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $28,759Total unused commitments
  • $26,504Restructured Loans and leases
  • $5,115Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $29,058Total interest income
  • $18,464Total interest expense
  • $10,594Net interest income
  • $16,834Provision for loan and lease losses
  • $3,273Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,273Additional noninterest income
  • $19,339Total noninterest expense
  • $10,328Salaries and employee benefits
  • $2,604Premises and equipment expense
  • $6,407Additional noninterest expense
  • -$22,306Pre-tax net operating income
  • $1,035Securities gains (losses)
  • $81Applicable income taxes
  • -$21,352Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,352Net income attributable to bank
  • $0Net charge-offs
  • -$21,352Cash dividends
  • $13,242Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 3.33%Cost of funding earning assets
  • 1.91%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • -3.73%Net operating income to assets
  • -3.55%Return on assets (ROA)
  • -3.54%Pretax return on assets
  • -54.33%Return on equity (ROE)
  • -54.33%Retained earnings to average equity (YTD only)
  • 2.89%Net charge-offs to loans
  • 127.13%Credit loss provision to net charge-offs
  • -0.41%Efficiency ratio
  • 133,922Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.39%Loss allowance to noncurrent loans
  • 30.18%Noncurrent assets plus other real estate owned to assets
  • 8.16%Noncurrent loans to loans
  • 7.93%Net loans and leases to deposits
  • 96.56%Net loans and leases to core deposits
  • 133.03%Equity capital to assets
  • 5.24%Core capital (leverage) ratio
  • 5.28%Tier 1 risk-based capital ratio
  • 6.75%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $600,961Average earning assets
  • $39,302Average equity
  • $554,464Average loans

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