FDIC Certificate #: 19680 Status: Active Federal Reserve ID: 598132 Bank Holding Company (Regulatory Top Holder): Farmers Bancshares, Inc. (RSSDID: 1080885, Location: Dublin, GA) Date Established: Febuary 01, 1950 WWW:http://www.securitystate.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 13479 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 01, 1967 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: 49 West Oak Street, Mc Rae, GA 31055 County: Telfair Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $39.7 mil Equity capital: $5.5 mil Deposits held in domestic offices: $34.1 mil Return on assets (ROA): 0.52% ($0.2 mil) Quarterly return on assets: 0.12% ($0.0 mil) Return on Equity (ROE): 3.76% ($0.2 mil) Quarterly return on equity: 0.86% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.52% ($206.4 mil) Quarterly Pretax return on assets: 0.12% ($47.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$39,699Total assets
$4,614Cash and due from depository institutions
$88Interest-bearing balances
$13,067Securities
$0Federal funds sold & reverse repurchase agreements
$20,332Net loans & leases
$403Loan loss allowance
$0Trading account assets
$392Bank premises and fixed assets
$820Other real estate owned
$0Goodwill and other intangibles
$39,699Life insurance assets
$474All other assets
$34,169Total liabilities and capital
$34,089Total liabilities
$25,908Total deposits
$34,089Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$80Subordinated debt
$5,530All other liabilities
$5,530Total equity capital
$5,530Total bank equity capital
$0Perpetual preferred stock
$390Common stock
$2,960Surplus
$2,180Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$29Income earned, not collected on loans
$0Earning assets
$298Long-term assets (5+ years)
$33,487Average Assets, year-to-date
$11,571Average Assets, quarterly
$39,791Volatile liabilities
$39,251Insider loans
$23,372FHLB advances
$39,694Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,299Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$625Restructured Loans and leases
$75Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,937Total interest income
$312Total interest expense
$1,625Net interest income
$205Provision for loan and lease losses
$211Total noninterest income
$0Fiduciary activities
$286Service charges on deposit accounts
$0Trading account gains & fees
-$75Additional noninterest income
$1,426Total noninterest expense
$830Salaries and employee benefits
$155Premises and equipment expense
$441Additional noninterest expense
$205Pre-tax net operating income
$2Securities gains (losses)
$0Applicable income taxes
$207Income before extraordinary items
$0Extraordinary gains - net
$207Net income attributable to bank
$0Net charge-offs
$207Cash dividends
$127Sale, conversion, retirement of capital stock, net
$185Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.61%Yield on earning assets
0.90%Cost of funding earning assets
4.71%Net interest margin
0.61%Noninterest income to earning assets
4.13%Noninterest expense to earning assets
0.52%Net operating income to assets
0.52%Return on assets (ROA)
0.52%Pretax return on assets
3.76%Return on equity (ROE)
0.40%Retained earnings to average equity (YTD only)
0.58%Net charge-offs to loans
161.42%Credit loss provision to net charge-offs
3.23%Efficiency ratio
77,669Assets per employee
3.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.37%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
1389.66%Noncurrent assets plus other real estate owned to assets
2.14%Noncurrent loans to loans
0.14%Net loans and leases to deposits
59.64%Net loans and leases to core deposits
64.05%Equity capital to assets
13.93%Core capital (leverage) ratio
13.35%Tier 1 risk-based capital ratio
22.67%Total risk-based capital ratio
Memoranda
$24Average assets
$39,791Average earning assets
$5,504Average equity
$34,501Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
13479
The Security State Bank
49 West Oak Street, Mc Rae, GA 31055
Febuary 01, 1950
Full Service Brick and Mortar
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