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

This bank is inactive as of October 27, 1995

Security State Bank in Big Spring, Texas (TX)
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Security State Bank - Overview

General
FDIC Certificate #: 17630
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Security State Bank (#22424)
Federal Reserve ID: 292953
Date Established: July 14, 1956
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11598
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: July 14, 1956
Last Structure Change Effective Date: October 27, 1995
Last Structure Change Process Date: December 07, 1995
Last Data Update: December 07, 1995
Data Source Date: April 05, 2012
Location
Address: 1411 Gregg Street, Big Spring, TX 79720
County: Howard
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Lubbock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Big Spring, TX (#13700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $40.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$29Total assets
$37,970Cash and due from depository institutions
$3,341Interest-bearing balances
$100Securities
$22,793Federal funds sold & reverse repurchase agreements
$2,025Net loans & leases
$8,794Loan loss allowance
$195Trading account assets
$0Bank premises and fixed assets
$360Other real estate owned
$60Goodwill and other intangibles
$597Life insurance assets
$0All other assets
$0Total liabilities and capital
$37,970Total liabilities
$34,996Total deposits
$34,857Interest-bearing deposits
$28,301Deposits held in domestic offices
34857.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$139Total equity capital
$139Total bank equity capital
$2,974Perpetual preferred stock
$0Common stock
$825Surplus
$825Undivided profits
Memoranda
$1,324Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$157Earning assets
$33,712Long-term assets (5+ years)
$1,916Average Assets, year-to-date
$37,578Average Assets, quarterly
$38,427Volatile liabilities
$7,547Insider loans
$505FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,222Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,974Total risk weighted assets
$14,500Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,096Total interest expense
$811Net interest income
$1,285Provision for loan and lease losses
$20Total noninterest income
$163Fiduciary activities
$0Service charges on deposit accounts
$108Trading account gains & fees
$0Additional noninterest income
$55Total noninterest expense
$1,135Salaries and employee benefits
$704Premises and equipment expense
$156Additional noninterest expense
$275Pre-tax net operating income
$293Securities gains (losses)
$0Applicable income taxes
$48Income before extraordinary items
$245Extraordinary gains - net
$0Net income attributable to bank
$245Net charge-offs
$0Cash dividends
$198Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.13%Cost of funding earning assets
2.37%Net interest margin
3.76%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
3.32%Net operating income to assets
0.65%Return on assets (ROA)
0.65%Pretax return on assets
0.78%Return on equity (ROE)
8.21%Retained earnings to average equity (YTD only)
1.57%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
78,384Assets per employee
1.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.82%Loss allowance to loans
2.17%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.00%Net loans and leases to deposits
25.23%Net loans and leases to core deposits
32.20%Equity capital to assets
7.83%Core capital (leverage) ratio
7.59%Tier 1 risk-based capital ratio
20.51%Total risk-based capital ratio
Memoranda
$22Average assets
$37,578Average earning assets
$2,986Average equity
$34,201Average loans

1

J Phillips

Who did Security State Bank merge with and did they stay in Big Spring, Texas?

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