Security Savings Bank
Henderson, NV
$238M
total assets, December 31, 2008
$238M
total assets, December 31, 2008
Security Savings Bank was a state nonmember bank in Henderson, NV. It failed on Feb 27, 2009, and Bank Of Nevada took over its deposits. At its last report it held $238.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 27, 2009
- Assets
- $238M
- Deposits
- $175M
- Estimated cost
- $32.3M
- Deposits went to
- Bank Of Nevada, Las Vegas, NV
Total assets
$238M
-12.8% in a year · -1.0% in a quarter
Deposits
$175M
-2.6% in a year · +13.0% in a quarter
Loans
$124M
-32.2% in a year · -6.6% in a quarter
Profit so far
-$28.5M
Jan 1 to Dec 31, 2008
Capital ratio
1.91%
-7.65 pts in a year
Return on assets
-11.31%
-10.63 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3019 St. Rose Parkway, Suite 100, Henderson, NV, 89052
- County
- Clark
- Established
- Apr 3, 2000
- Failed
- Feb 27, 2009
- Employees
- 16
- Branches
- 2
- Id
- b34820
Quarter by quarter
June 30, 2000 to December 31, 2008
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 Savings Bank?
$238.3 million in total assets and $174.9 million in deposits as of December 31, 2008, with assets down 12.8% from a year before. Its loans were $123.5 million.
How many branches does Security Savings Bank have?
2 branches in Nevada as of June 30, 2026.
Is Security Savings Bank profitable?
No: it lost $28.5 million from January 1 to December 31, 2008. Its return on assets was -11.31% a year; about 1% is typical.
When did Security Savings Bank fail?
Feb 27, 2009. Bank Of Nevada of Las Vegas, NV took over its deposits. The estimated cost of the failure was $32.3 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.