Security Bank, National Association
North Lauderdale, FL · Owner: Faro Bcorp Inc
$101M
total assets, March 31, 2012
$101M
total assets, March 31, 2012
Security Bank, National Association was a national bank in North Lauderdale, FL, owned by Faro Bcorp Inc. It failed on May 4, 2012, and Banesco Usa took over its deposits. At its last report it held $101.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2012
This bank failed
- Failed on
- May 4, 2012
- Assets
- $101M
- Deposits
- $99.1M
- Estimated cost
- $15.1M
- Deposits went to
- Banesco Usa, Coral Gables, FL
Total assets
$101M
-10.9% in a year · +5.9% in a quarter
Deposits
$99.1M
-5.5% in a year · +6.9% in a quarter
Loans
$71.0M
-22.7% in a year · -5.0% in a quarter
Profit so far
-$707K
Jan 1 to Mar 31, 2012
Capital ratio
1.54%
-5.22 pts in a year
Return on assets
-2.88%
+3.72 pts in a year
Facts
- Type
- National bank
- Head office
- 1450 South State Road 7, North Lauderdale, FL, 33068
- County
- Broward
- Holding company
- Faro Bcorp Inc
- Established
- Jul 1, 1980
- Failed
- May 4, 2012
- Employees
- 39
- Branches
- 3
- Id
- b23156
Quarter by quarter
March 31, 1984 to March 31, 2012
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Security Bank, National Association?
$101.0 million in total assets and $99.1 million in deposits as of March 31, 2012, with assets down 10.9% from a year before. Its loans were $71.0 million.
How many branches does Security Bank, National Association have?
3 branches in Florida as of June 30, 2026.
Is Security Bank, National Association profitable?
No: it lost $707,000 from January 1 to March 31, 2012. Its return on assets was -2.88% a year; about 1% is typical.
Who owns Security Bank, National Association?
Security Bank, National Association is owned by Faro Bcorp Inc, its holding company.
When did Security Bank, National Association fail?
May 4, 2012. Banesco Usa of Coral Gables, FL took over its deposits. The estimated cost of the failure was $15.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.