Security Federal Bank (TN)

Security Federal Bank (TN) is headquartered in Elizabethton and is the 175^th largest bank in the state of Tennessee. It is also the 6,111^st largest bank in the nation. It was established in 1962 and as of March of 2012, it had grown to 16 employees at 2 locations. Security Federal Bank (TN) has a 4-star health rating.

Data for Q1 2012

Institution Statistics Security Federal Bank OTS # 06842 FDIC Certificate # 31381 BankRate Report View Year Established 1962 Employees 16 Primary Regulator OCC Assets and Liabilities Assets $58.35 million Loans $42.46 million Deposits $44.59 million Equity Capital $11.71 million Loan Loss Allowance $606,000 Unbacked Noncurrent Loans $938,000 Real Estate Owned $150,000 Historic Data - March 2011 Assets $58.69 million Equity Capital $12.23 million Loan Loss Allowance $657,000 Unbacked Noncurrent Loans $416,000 Real Estate Owned $657,000 Profit Margin - Quarterly Net Interest Margin 4.83% Return on Assets 1.06% Return on Equity 5.1% Interest Income $794,000

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Security Federal Bank (TN) had $1.09 million in non-current loans and owned real-estate with $12.32 million in equity and loan loss allowances on hand to cover it. This gives Security Federal Bank (TN) a Texas Ratio of 8.83% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Security Federal Bank (TN) held steady from 8.33% as of March 31, 2011 to 8.83% as of March 31, 2012, resulting in a negative change of 6.06%. This indicates that the balance sheet and financial strength for Security Federal Bank (TN) has held steady in recent periods. Deposit Growth In the past year, Security Federal Bank (TN) has increased its total deposits by $2.02 million, resulting in 4.74% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Security Federal Bank (TN) has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Security Federal Bank (TN) has $58.35 million in assets with $12.32 million in equity, resulting in a capitalization level of 21.11%, which is excellent.

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