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

Security Savings Bank, SSB in Southport, North Carolina (NC)
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Security Savings Bank, SSB routing number info

Security Savings Bank, SSB - Overview

General
FDIC Certificate #: 28139
Status: Active
Federal Reserve ID: 853372
Date Established: January 01, 1911
WWW: http://www.security-savings.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 972
FDIC's unique #: 40973
Numeric code: 42
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: August 21, 1950
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 101 North Howe Street, Southport, NC 28461
County: Brunswick
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Raleigh
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Wilmington, NC (#9200)
Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
CBSA Metro Statistical Area: Wilmington, NC (#48900)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $309.8 mil
Equity capital: $13.6 mil
Deposits held in domestic offices: $250.1 mil
Return on assets (ROA): -0.45% (-$1.4 mil)
Quarterly return on assets: -1.40% (-$4.3 mil)
Return on Equity (ROE): -10.19% (-$1.4 mil)
Quarterly return on equity: -31.22% (-$4.4 mil)
Net income: -$1.5 mil
Quarterly Net income: -$1.1 mil
Pretax return on assets: -0.40% (-$1,239.0 mil)
Quarterly Pretax return on assets: -1.40% (-$4,336.5 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
75Total employees (full-time equivalent)
$309,751Total assets
$62,938Cash and due from depository institutions
$61,314Interest-bearing balances
$11,679Securities
$0Federal funds sold & reverse repurchase agreements
$197,845Net loans & leases
$9,162Loan loss allowance
$0Trading account assets
$12,744Bank premises and fixed assets
$17,195Other real estate owned
$0Goodwill and other intangibles
$309,751Life insurance assets
$7,350All other assets
$296,156Total liabilities and capital
$250,105Total liabilities
$234,885Total deposits
$250,105Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$45,000Trading liabilities
$0Other borrowed funds
$1,051Subordinated debt
$13,595All other liabilities
$13,595Total equity capital
$13,595Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$13,595Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$10,930Income earned, not collected on loans
$0Earning assets
$978Long-term assets (5+ years)
$270,838Average Assets, year-to-date
$79,354Average Assets, quarterly
$334,633Volatile liabilities
$315,698Insider loans
$193,594FHLB advances
$316,493Loans and leases held for sale
$1,379Unused loan commitments
$1,379Tier 1 (core) risk-based capital
$13,595Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,560Restructured Loans and leases
$536Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$13,458Total interest income
$4,843Total interest expense
$8,615Net interest income
$1,320Provision for loan and lease losses
$1,574Total noninterest income
$0Fiduciary activities
$588Service charges on deposit accounts
$0Trading account gains & fees
$986Additional noninterest income
$10,169Total noninterest expense
$4,754Salaries and employee benefits
$1,486Premises and equipment expense
$3,929Additional noninterest expense
-$1,300Pre-tax net operating income
-$24Securities gains (losses)
$192Applicable income taxes
-$1,516Income before extraordinary items
$0Extraordinary gains - net
-$1,516Net income attributable to bank
$0Net charge-offs
-$1,516Cash dividends
$4,428Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.62%Yield on earning assets
1.66%Cost of funding earning assets
2.96%Net interest margin
0.54%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
-0.45%Net operating income to assets
-0.45%Return on assets (ROA)
-0.40%Pretax return on assets
-10.19%Return on equity (ROE)
-10.19%Retained earnings to average equity (YTD only)
1.92%Net charge-offs to loans
29.81%Credit loss provision to net charge-offs
0.00%Efficiency ratio
99,804Assets per employee
4.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.43%Loss allowance to noncurrent loans
83.82%Noncurrent assets plus other real estate owned to assets
9.08%Noncurrent loans to loans
5.28%Net loans and leases to deposits
79.10%Net loans and leases to core deposits
82.91%Equity capital to assets
4.39%Core capital (leverage) ratio
4.30%Tier 1 risk-based capital ratio
7.02%Total risk-based capital ratio
Memoranda
$8Average assets
$334,633Average earning assets
$14,877Average equity
$291,044Average loans

List of branches

11 North Carolina Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	40973	Security Savings Bank, Ssb	101 North Howe Street, Southport, NC 28461	January 01, 1911	Full Service Brick and Mortar
2	265198	U S 74-76 & Fairview Branch	202 Village Road, Leland, NC 28451	January 01, 1911	Full Service Brick and Mortar
100	265199	Nc 179 & Calabash Drive Branch	10231 Beach Drive S.W., Calabash, NC 28467	January 01, 1911	Full Service Brick and Mortar
101	265200	4815 S.E. Oak Island Drive Branch	4815 East Oak Island Drive, Oak Island, NC 28465	June 30, 1986	Full Service Brick and Mortar
102	43679	Randleman Branch	204 South Main Street, Randleman, NC 27317	January 01, 1907	Full Service Brick and Mortar
103	265201	Main Street Branch	5074 Main Street, Shallotte, NC 28459	June 21, 1999	Full Service Brick and Mortar
104	364647	Sunset Beach Branch	840 Sunset Boulevard, Sunset Beach, NC 28468	November 28, 2001	Full Service Brick and Mortar
105	43436	Liberty Branch	258 West Swannanoa Avenue, Liberty, NC 27298	January 01, 1947	Full Service Brick and Mortar
106	430125	Smithville Branch	5201 Southport-Supply Road, Southport, NC 28461	June 24, 2004	Full Service Brick and Mortar
107	452373	Columbus County Branch	1629 South Madison Street, Whiteville, NC 28472	June 01, 2006	Full Service Brick and Mortar
108	466390	Boiling Spring Lakes Branch	3020 George 11 Hwy, Southport, NC 28461	June 18, 2007	Full Service Brick and Mortar

Deana

⚠

I’ve got a cashiers check from Security Savings Bank of southport nc that was misplaced for a few years. When I contacted them they told me it would be fine to take it to their sister brand near me instead of driving the 6 hours round trip to cash it. The sister branch told me they had no such account.
When I called Southport back, they told me it had been turned on to state treasury as unclaimed funds. I’ve contacted state treasury with copies of check every 6 months since 2018. It was not sent to the state.
Any advice or suggestions would be so appreciated!

Security Savings Bank, SSB in Southport, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Savings Bank, SSB - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Security Savings Bank, SSB in Southport, North Carolina (NC)Overview, Financial Summary, Detailed Financial Reports, Branches

Security Savings Bank, SSB - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Security Savings Bank, SSB in Southport, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches