Security State Bank in Pharr, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 15, 1996

Security State Bank in Pharr, Texas (TX)
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Security State Bank - Overview

General
FDIC Certificate #: 15850
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Valley Bank (#11166)
Federal Reserve ID: 786564
Date Established: March 10, 1941
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10090
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 25, 1941
Last Structure Change Effective Date: May 15, 1996
Last Structure Change Process Date: July 23, 1996
Last Data Update: July 23, 1996
Data Source Date: April 05, 2012
Location
Address: 118 South Cage Street, Pharr, TX 78577
County: Hidalgo
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): McAllen-Edinburg-Mission, TX (#4880)
Core Based Statistical Area (CBSA): McAllen-Edinburg-Mission, TX (#32580)
CBSA Metro Statistical Area: McAllen-Edinburg-Mission, TX (#32580)
Financial Summary
Total assets: $64.5 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)
$49Total assets
$65,108Cash and due from depository institutions
$6,736Interest-bearing balances
$1,587Securities
$27,158Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$27,305Loan loss allowance
$335Trading account assets
$0Bank premises and fixed assets
$2,896Other real estate owned
$203Goodwill and other intangibles
$810Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,108Total liabilities
$59,446Total deposits
$58,471Interest-bearing deposits
$45,554Deposits held in domestic offices
58471.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$975Total equity capital
$975Total bank equity capital
$5,662Perpetual preferred stock
$0Common stock
$1,200Surplus
$2,400Undivided profits
Memoranda
$2,062Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$546Income earned, not collected on loans
$154Earning assets
$56,050Long-term assets (5+ years)
$8,548Average Assets, year-to-date
$63,927Average Assets, quarterly
$63,738Volatile liabilities
$5,476Insider loans
$1,549FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,917Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,539Total risk weighted assets
$35,055Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,808Total interest expense
$1,743Net interest income
$3,065Provision for loan and lease losses
$35Total noninterest income
$652Fiduciary activities
$0Service charges on deposit accounts
$422Trading account gains & fees
$0Additional noninterest income
$230Total noninterest expense
$2,518Salaries and employee benefits
$1,276Premises and equipment expense
$451Additional noninterest expense
$791Pre-tax net operating income
$1,164Securities gains (losses)
-$32Applicable income taxes
$368Income before extraordinary items
$764Extraordinary gains - net
$0Net income attributable to bank
$764Net charge-offs
$98Cash dividends
$375Sale, 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
8.63%Cost of funding earning assets
3.13%Net interest margin
5.50%Noninterest income to earning assets
1.17%Noninterest expense to earning assets
4.52%Net operating income to assets
1.23%Return on assets (ROA)
1.20%Pretax return on assets
1.77%Return on equity (ROE)
14.68%Retained earnings to average equity (YTD only)
7.47%Net charge-offs to loans
0.37%Credit loss provision to net charge-offs
35.71%Efficiency ratio
67,743Assets per employee
1.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.08%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
61.36%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.98%Net loans and leases to deposits
46.70%Net loans and leases to core deposits
51.52%Equity capital to assets
8.70%Core capital (leverage) ratio
8.76%Tier 1 risk-based capital ratio
15.80%Total risk-based capital ratio
Memoranda
$17Average assets
$63,927Average earning assets
$5,206Average equity
$55,738Average loans

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