# SECURITY SAVINGS BANK SSB
SOUTHPORT, NC · FDIC certificate 28139 · asset band <$300M · latest filing 2013-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 13 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $212.5M | |
| Deposits | $167.5M | |
| Loans and leases | $138.7M | |
| Total equity | $4.3M | |
| Loans / deposits | 80.13% (p71 of band) | 69.26% |
| Liquid assets / assets | 26.66% (p31 of band) | |
| Uninsured deposits / deposits | 4.05% (p11 of band) | 11.87% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 18.82% (p95 of band) | |
| FHLB advances / assets | 18.82% | |
| Tier 1 leverage | 1.97% (p0 of band) | 10.33% |
| Unrealized securities loss / equity | 0.68% (p78 of band) | -0.53% |
| AOCI / equity | 0.00% (p91 of band) | |
| ROA (annualized) | -1.12% (p3 of band) | 0.77% |
| Net interest margin | 2.70% (p11 of band) | 3.62% |
| Efficiency ratio | 153.55% (p99 of band) | |
| Noncurrent loans | 7.21% (p96 of band) | 1.08% |
| Net charge-offs (annualized) | 1.41% (p98 of band) | |
| Reserve coverage of noncurrent | 45.11% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 235.89% (p100 of band) | |
| Auto loans | $155,000 (0.11% of loans; DQ 5.81%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -22.7% | |
| Employees | 43 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | leverage <7%, leverage <5%, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 | charge-offs p90 | expense ratio p90 |
| 2011-09 | 7 | losing money, expense ratio p90 | noncurrent p90, charge-offs p90 |
| 2011-12 | 8 | capital falling |  |
| 2012-03 | 12 | wholesale funding >15%, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2012-06 | 13 | uninsured deposits leaving |  |
| 2012-09 | 13 |  |  |
| 2012-12 | 13 |  |  |
| 2013-03 | 11 | noncurrent p90 | losing money, expense ratio p90, capital falling |
| 2013-06 | 12 | losing money, expense ratio p90 | uninsured deposits leaving |
| 2013-09 | 13 | capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28139 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/43.json (key "28139", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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