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

This bank is inactive as of April 26, 1996

The Security State Bank in Navasota, Texas (TX)
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The Security State Bank - Overview

General
FDIC Certificate #: 10707
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank Katy, National Association (#16236)
Federal Reserve ID: 951960
Date Established: January 01, 1927
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6868
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: January 01, 1934
Last Structure Change Effective Date: April 26, 1996
Last Structure Change Process Date: July 23, 1996
Last Data Update: July 23, 1996
Data Source Date: April 05, 2012
Location
Address: 305 East Washington Avenue, Navasota, TX 77868
County: Grimes
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
Financial Summary
Total assets: $27.3 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)
$8Total assets
$28,160Cash and due from depository institutions
$1,755Interest-bearing balances
$0Securities
$13,627Federal funds sold & reverse repurchase agreements
$2,000Net loans & leases
$9,353Loan loss allowance
$691Trading account assets
$0Bank premises and fixed assets
$648Other real estate owned
$40Goodwill and other intangibles
$737Life insurance assets
$0All other assets
$0Total liabilities and capital
$28,160Total liabilities
$26,328Total deposits
$25,938Interest-bearing deposits
$19,287Deposits held in domestic offices
25938.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$390Total equity capital
$390Total bank equity capital
$1,832Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$832Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$187Income earned, not collected on loans
$160Earning assets
$24,980Long-term assets (5+ years)
$391Average Assets, year-to-date
$29,158Average Assets, quarterly
$28,648Volatile liabilities
$3,304Insider loans
$1,170FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,742Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,835Total risk weighted assets
$12,537Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,985Total interest expense
$715Net interest income
$1,270Provision for loan and lease losses
$560Total noninterest income
$266Fiduciary activities
$0Service charges on deposit accounts
$233Trading account gains & fees
$0Additional noninterest income
$33Total noninterest expense
$1,005Salaries and employee benefits
$374Premises and equipment expense
$175Additional noninterest expense
$456Pre-tax net operating income
-$29Securities gains (losses)
$1Applicable income taxes
$4Income before extraordinary items
-$32Extraordinary gains - net
$0Net income attributable to bank
-$32Net charge-offs
$81Cash dividends
$288Sale, 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
7.58%Cost of funding earning assets
2.73%Net interest margin
4.85%Noninterest income to earning assets
1.02%Noninterest expense to earning assets
3.84%Net operating income to assets
-0.11%Return on assets (ROA)
-0.11%Pretax return on assets
-0.10%Return on equity (ROE)
-1.55%Retained earnings to average equity (YTD only)
-15.54%Net charge-offs to loans
0.82%Credit loss provision to net charge-offs
691.36%Efficiency ratio
65,430Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
-900.00%Loss allowance to loans
6.88%Loss allowance to noncurrent loans
369.52%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.86%Net loans and leases to deposits
36.06%Net loans and leases to core deposits
41.32%Equity capital to assets
6.51%Core capital (leverage) ratio
6.20%Tier 1 risk-based capital ratio
14.64%Total risk-based capital ratio
Memoranda
$16Average assets
$29,158Average earning assets
$2,060Average equity
$26,186Average loans

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