Security Bank
Midland, TX — Non-member Bank
Active
Vitals
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Total Assets783.8M -10.9 %
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Total Deposits679.6M -12.2 %
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Total Net Loans437.3M -18.7 %
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Net Income4.9M -42.3 %
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Book Value96.3M 0.1 %
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Book Value x2192.5M 0.1 %
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Book Value x3288.8M 0.1 %
Balance Sheet Highlights
Financial Highlights | Security Bank | All Insured Commercial Banks in Texas |
Balance Sheet $(000) | ||
Total Assets | 783,786 | 358,087 |
Total Net Loans | 437,324 | 213,533 |
Total Deposits | 679,603 | 308,027 |
Total Equity | 97,721 | 38,740 |
Profitability | ||
Net Income | 4,905 | 3,845 |
Return on Average Assets | .632 | 1.025 |
Return on Average Equity | 5.019 | 9.415 |
Net Interest Margin | 4.872 | 3.773 |
Efficiency Ratio | 70.764 | 66.762 |
Noninterest Income/Revenue | 20.592 | 16.375 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 64.35 | 65.494 |
Securities/Assets | .21 | .214 |
Total Equity/Total Assets | .125 | .108 |
Tangible Equity/Tangible Assets | .087 | .104 |
Capital Adequacy | ||
Tier 1 Common Capital | 70,368 | 37,278 |
Tier 1 Capital | 71,034 | 37,303 |
Tier 2 Capital | 6,643 | 2,526 |
Total Capital | 77,677 | 39,866 |
Total Risk Weighted Assets | 524,046 | 237,367 |
Leverage Ratio | 9.34 | 10.563 |
Common Equity Tier 1 Capital Ratio | 13.43 | 18.073 |
Tier 1 Capital Ratio | 13.55 | 18.097 |
Total Capital Ratio | 14.82 | 19.169 |
Timeline for Security Bank
Vertex Financial, Inc.
Vertex Financial, Inc. became a new subsidiary organization for Security Bank.
View Profile Oct 08 2014The Bank Of Texas
Acquisition: Security Bank acquired a new subsidiary, The Bank Of Texas, 12 years
View Profile Oct 29 2011First National Bank Of Monahans
Acquisition: Security Bank acquired a new subsidiary, First National Bank Of Monahans, 15 years
View Profile Feb 21 2009Security Preferred Title, Llc
Security Preferred Title, Llc became a new subsidiary organization for Security Bank.
View Profile Feb 21 2009First Texstar Financial Services, Inc.
First Texstar Financial Services, Inc. became a new subsidiary organization for Security Bank.
View Profile Feb 21 2009Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
The Bank Of Texas | Seller | 47,500 | Acquisition | Discontinued | 10/29/2011 |
First National Bank Of Monahans | Seller | 228,663 | Pooling of Interests | Discontinued | 2/21/2009 |
Reagan State Bank | Seller | 20,254 | Failure | 10/4/1991 |
Relationships | Role | Relationship Start | Relationship End |
Security Star Bancshares, Inc. | Parent | 11/1/2008 | |
Mccamey Financial Delaware Corporation | Parent | 5/14/2004 | 10/31/2008 |
Security Star Bancshares, Inc. | Parent | 4/30/1990 | 5/13/2004 |
Mccamey Bancshares, Inc. | Parent | 5/15/1981 | 4/29/1990 |
Security Preferred Title, Llc | Subsidary | 2/21/2009 | |
Ssb Finance, Inc. | Subsidary | 6/30/2007 | |
Vertex Financial, Inc. | Subsidary | 10/8/2014 | |
First Texstar Financial Services, Inc. | Subsidary | 2/21/2009 | 3/9/2009 |
Ssb Finance, Inc. | Subsidary | 3/23/2007 | 6/29/2007 |
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