Security Savings Bank, FSB in Jackson, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 1996

  • Security Savings Bank, FSB in Jackson, Michigan (MI)
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Security Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 30008
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Flagstar Bank, FSB (#32541)
    Federal Reserve ID: 827270
    Date Established: July 08, 1938
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4535
    FDIC's unique #: 42842
    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: July 08, 1938
    Last Structure Change Effective Date: Febuary 01, 1996
    Last Structure Change Process Date: March 15, 1996
    Last Data Update: March 15, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 W Michigan Avenue, Jackson, MI 49201
    County: Jackson
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Jackson, MI (#3520)
    Core Based Statistical Area (CBSA): Jackson, MI (#27100)
    CBSA Metro Statistical Area: Jackson, MI (#27100)
  • Financial Summary
  • Total assets: $335.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $135Total assets
  • $335,171Cash and due from depository institutions
  • $110,449Interest-bearing balances
  • $104,031Securities
  • $819Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $205,456Loan loss allowance
  • $1,090Trading account assets
  • $0Bank premises and fixed assets
  • $4,139Other real estate owned
  • $306Goodwill and other intangibles
  • $6,625Life insurance assets
  • $7,377All other assets
  • $0Total liabilities and capital
  • $335,171Total liabilities
  • $307,570Total deposits
  • $287,755Interest-bearing deposits
  • $280,083Deposits held in domestic offices
  • 287755.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $15,000Subordinated debt
  • $0All other liabilities
  • $4,815Total equity capital
  • $4,815Total bank equity capital
  • $27,601Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $22,729Undivided profits
  • Memoranda
  • $1,872Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,072Income earned, not collected on loans
  • $2,010Earning assets
  • $310,306Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $324,686Average Assets, quarterly
  • $339,516Volatile liabilities
  • $42,411Insider loans
  • $5FHLB advances
  • $15,000Loans and leases held for sale
  • $0Unused loan commitments
  • $12,913Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,633Total risk weighted assets
  • $162,428Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $25,498Total interest expense
  • $16,635Net interest income
  • $8,863Provision for loan and lease losses
  • $0Total noninterest income
  • $3,465Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,465Total noninterest expense
  • $8,829Salaries and employee benefits
  • $3,796Premises and equipment expense
  • $1,610Additional noninterest expense
  • $3,423Pre-tax net operating income
  • $3,499Securities gains (losses)
  • $383Applicable income taxes
  • $2,014Income before extraordinary items
  • $1,868Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,868Net charge-offs
  • -$69Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.49%Cost of funding earning assets
  • 5.54%Net interest margin
  • 2.95%Noninterest income to earning assets
  • 1.15%Noninterest expense to earning assets
  • 2.94%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 1.20%Return on equity (ROE)
  • 7.12%Retained earnings to average equity (YTD only)
  • 7.12%Net charge-offs to loans
  • -0.03%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 60,561Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 35.48%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 1.49%Net loans and leases to deposits
  • 71.40%Net loans and leases to core deposits
  • 78.92%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 15.78%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $324,686Average earning assets
  • $26,247Average equity
  • $300,167Average loans

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