Institution Statistics
| SECURITY PLUS | | NCUA # | 13241 | | BankRate Report | View | | Year Chartered | 1959 | | Employees | 0 | | Primary Regulator | |
Assets and Liabilities | | Assets | $1.26 million | | Loans | $662,000 | | Deposits | $892,000 | | Equity Capital | $365,000 | | Loan Loss Allowance | $2,000 | | Unbacked Noncurrent Loans | $8,000 |
Historic Data - December 2010 | | Assets | $1.34 million | | Equity Capital | $370,000 | | Loan Loss Allowance | $5,000 | | Unbacked Noncurrent Loans | $5,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.24% | | Return on Assets | -0.32% | | Return on Equity | -1.1% | | Interest Income | $54,000 | | Non-Interest Income | $1,000 |
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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 December 31, 2011 Security Plus had $8,000 in non-current loans and owned real-estate with $367,000 in equity and loan loss allowances on hand to cover it. This gives Security Plus a Texas Ratio of 2.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Security Plus held steady from 1.33% as of December 31, 2010 to 2.18% as of December 31, 2011, resulting in a negative change of 63.49%. This indicates that the balance sheet and financial strength for Security Plus has held steady in recent periods. | | Deposit Growth |  | | In the past year, Security Plus has decreased its total deposits by $-67,000, resulting in -6.99% 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 Plus has shown is poor. | | 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 Plus has $1.26 million in assets with $367,000 in equity, resulting in a capitalization level of 29.08%, which is excellent. |
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