The Graveyard › Banks › 2012

Security Bank, National Association

North Lauderdale, FL · failed May 4, 2012 · FDIC certificate 23156

Security Bank, National Association of North Lauderdale, FL failed on May 4, 2012. It opened on July 1, 1980, 31 years before. At its last report before that it held $101.0 million in assets and $99.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $179.0 million. The FDIC estimates that the Deposit Insurance Fund lost $15.1 million on it.

1984-032012-03

Assets at the end$101.0 millionlast report before May 4, 2012

Deposits at the end$99.1 million

Estimated loss to the fund$15.1 millionDIF

Largest in the quarterly reports$179.0 millionSeptember 30, 2009

Equity to assets1.5%March 31, 2012

Loans not being repaid19.7%noncurrent, March 31, 2012

Return on assets-2.88%a year's rate, March 31, 2012

Staff39full time, March 31, 2012

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Also ended in 2012

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Waccamaw Bank · Whiteville, NC · $533.1 million in assets
The First State Bank · Stockbridge, GA · $516.8 million in assets
Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.