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Security Federal Savings Bank of McMinnville

McMinnville, TN · Cert 31146 · Security Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$386.0MAssets
$314.0MLoans
$327.6MDeposits
$44.3MEquity
Loan mix
82%RE $254.7M13%C&I $39.9M5%Consumer $16.1MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $277.0M15%Noninterest $50.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.72%, up 42 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.00% of loans (-6 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.91%, up 181 bps from a year ago.
  • Funding: loans stand at 95.87% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.72%+42 bps YoY

Net Interest Margin (quarter, annualized)

4.07%+80 bps YoY

Efficiency Ratio (quarter, annualized)

48.95%-574 bps YoY

Tier 1 Leverage Ratio

11.91%+181 bps YoY

NIM

5.76%Q2 ’245.78%Q2 ’256.12%Q2 ’260%+24%

Non-interest income vs. expense

2.25%Q2 ’242.06%Q2 ’252.26%Q2 ’26-9%+9%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.20%1.27%1.10%1.30%1.57%1.82%1.52%1.72%+42 bps
Return on Equity12.37%12.81%11.40%13.48%15.35%16.98%13.64%15.11%+163 bps
Net Interest Margin3.37%3.27%3.09%3.27%3.67%3.83%3.91%4.07%+80 bps
Efficiency Ratio58.46%49.55%59.91%54.68%50.40%51.01%51.15%48.95%-574 bps
Non-Interest Burden1.65%0.97%1.64%1.57%1.56%1.65%1.77%1.71%+14 bps
Growth
Asset Growth (YoY)12.80%10.88%16.49%10.84%8.39%6.08%-3.35%0.51%-1,032 bps
Loan Growth (YoY)12.51%12.20%15.75%11.60%11.91%13.49%11.38%10.25%-136 bps
Deposit Growth (YoY)10.98%10.61%16.68%14.89%7.55%-1.07%-5.53%-4.30%-1,919 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.05%0.01%0.06%0.01%0.00%0.23%0.00%-6 bps
Net Charge-Offs / Loans0.01%0.03%0.00%0.01%0.00%0.02%0.06%0.01%0 bps
Allowance / Loans0.96%1.04%1.00%0.98%0.95%0.95%0.93%0.93%-5 bps
Allowance Coverage of NPLs850.0x20.0x99.5x16.2x175.6x719.8x4.0x727.5x+711.3x
Capital
Tier 1 Leverage Ratio10.63%10.59%10.29%10.10%10.79%11.34%11.77%11.91%+181 bps
Total Risk-Based Capital14.65%15.22%14.85%14.91%15.22%15.58%15.80%16.20%+128 bps
Equity / Assets10.00%9.85%9.42%9.90%10.57%10.91%11.36%11.47%+157 bps
Liquidity & Funding
Loans / Deposits86.82%83.24%79.59%83.22%90.34%95.49%93.83%95.87%+1,265 bps
Liquid Assets / Assets5.09%8.90%13.49%11.88%6.46%7.13%4.63%6.20%-569 bps
CRE / Total Capitaln/an/an/an/a226%221%230%n/an/a