Security Federal Savings Bank of Florida
Panama City Beach, FL
$107M
total assets, December 31, 1991
$107M
total assets, December 31, 1991
Security Federal Savings Bank of Florida was a savings bank in Panama City Beach, FL. It failed on Jan 31, 1992, and Branch Sale took over its deposits. At its last report it held $107.1 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Jan 31, 1992
- Assets
- $107M
- Deposits
- $100M
- Estimated cost
- $16.0M
- Deposits went to
- Branch Sale, None, NA
Total assets
$107M
-13.7% in a year · -3.0% in a quarter
Deposits
$100M
-12.7% in a year · -2.9% in a quarter
Loans
$76.7M
-8.7% in a year · -1.3% in a quarter
Profit so far
-$2.2M
Jan 1 to Dec 31, 1991
Capital ratio
2.44%
-1.60 pts in a year
Return on assets
-1.87%
-0.69 pts in a year
Facts
- Type
- Savings bank
- Head office
- 800 Harrison Avenue, Panama City Beach, FL, 32401
- County
- Bay
- Established
- Jul 28, 1952
- Failed
- Jan 31, 1992
- Employees
- 68
- Id
- b30582
Quarter by quarter
March 31, 1984 to December 31, 1991
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 Federal Savings Bank of Florida?
$107.1 million in total assets and $100.4 million in deposits as of December 31, 1991, with assets down 13.7% from a year before. Its loans were $76.7 million.
Is Security Federal Savings Bank of Florida profitable?
No: it lost $2.16 million from January 1 to December 31, 1991. Its return on assets was -1.87% a year; about 1% is typical.
When did Security Federal Savings Bank of Florida fail?
Jan 31, 1992. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $16.0 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.