Security Bank, National Association
North Lauderdale, FL — National Bank
Acquired May 2012
Vitals
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Total Assets101.0M -10.9 %
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Total Deposits99.1M -5.5 %
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Total Net Loans67.1M -22.3 %
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Net Income-707000.0000 62.4 %
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Book Value1.5M -80.9 %
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Book Value x23.0M -80.9 %
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Book Value x34.5M -80.9 %
Balance Sheet Highlights
| Financial Highlights | Security Bank, National Association | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 101,026 | 358,140 |
| Total Net Loans | 67,135 | 216,205 |
| Total Deposits | 99,067 | 298,756 |
| Total Equity | 1,486 | 33,845 |
| Profitability | ||
| Net Income | -707 | 286 |
| Return on Average Assets | -2.932 | .241 |
| Return on Average Equity | -153.487 | 1.703 |
| Net Interest Margin | 3.518 | 3.601 |
| Efficiency Ratio | 173.428 | 86.454 |
| Noninterest Income/Revenue | 15.88 | 12.233 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 67.767 | 71.385 |
| Securities/Assets | .031 | .192 |
| Total Equity/Total Assets | .015 | .095 |
| Tangible Equity/Tangible Assets | .015 | .092 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 1,483 | 30,498 |
| Tier 2 Capital | 738 | 3,056 |
| Total Capital | 2,221 | 33,599 |
| Total Risk Weighted Assets | 55,843 | 231,153 |
| Leverage Ratio | 1.54 | 9.016 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 2.66 | 13.949 |
| Total Capital Ratio | 3.98 | 15.253 |
Timeline for Security Bank, National Association
Banesco Usa
Security Bank, National Association was acquired by Banesco Usa 12 years
View Profile May 05 2012
Faro Bancorp, Inc.
Faro Bancorp, Inc. became a new parent organization for Security Bank, National Association.
View Profile Jan 16 2007
Security Bank, National Association
Security Bank, National Association was established 43 years ago and is currently headquartered in North Lauderdale, FL.
Jul 01 1980| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Banesco Usa | Buyer | 969,942 | Failure | 5/5/2012 |
| Relationships | Role | Relationship Start | Relationship End |
| Faro Bancorp, Inc. | Parent | 8/3/2007 | 5/4/2012 |
| Faro Bancorp, Inc. | Parent | 2/9/2007 | 8/2/2007 |
| Faro Bancorp, Inc. | Parent | 1/16/2007 | 2/8/2007 |
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