PackageTrendsPeer
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Security Federal Savings Bank

Jasper, AL · Cert 31592

FDIC · 1 branch

Q4 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2021, the quarter ended December 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Security Federal Savings Bank

Jasper, AL · Cert 31592

FDIC · 1 branch

Q4 2021

$34.1MAssets
$11.2MLoans
$29.9MDeposits
$4.1MEquity
Deposit mix
66%Interest-bearing $19.6M34%Noninterest $10.2MQ4 2020Q4 2021

NIM

4.32%Q4 ’193.12%Q4 ’202.47%Q4 ’21-29%-18%

Non-interest income vs. expense

3.90%Q4 ’192.92%Q4 ’204.52%Q4 ’21-27%+70%

Executive Summary

  • Earnings: ROA of -1.41%, down 151 bps year over year; NIM at 2.06%.
  • Asset quality: problem loans at 0.00% of loans (-24 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 12.04%, up 29 bps from a year ago.
  • Funding: loans stand at 37.46% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

-1.41%-151 bps YoY

Net Interest Margin (YTD, annualized)

2.06%-44 bps YoY

Efficiency Ratio (YTD, annualized)

160.29%+6,935 bps YoY

Tier 1 Leverage Ratio

12.04%+29 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.11%-0.33%-0.27%-1.04%-1.41%-151 bps
Return on Equity0.88%-2.85%-2.29%-8.88%-11.92%-1,279 bps
Net Interest Margin2.51%2.10%1.99%1.95%2.06%-44 bps
Efficiency Ratio90.94%112.82%117.90%148.79%160.29%+6,935 bps
Non-Interest Burden2.21%2.46%2.46%3.22%3.76%+155 bps
Growth
Asset Growth (YoY)13.28%9.78%4.26%-2.03%-13.60%-2,688 bps
Loan Growth (YoY)-11.37%-14.00%-10.78%-16.49%-15.77%-440 bps
Deposit Growth (YoY)13.84%11.99%5.73%-1.03%-6.62%-2,046 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.09%0.03%0.03%0.00%-24 bps
Net Charge-Offs / Loans0.78%0.09%0.19%0.10%0.11%-67 bps
Allowance / Loans0.99%1.01%0.87%1.01%1.05%+5 bps
Allowance Coverage of NPLs4.1x11.7x27.5x30.0xn/an/a
Capital
Tier 1 Leverage Ratio11.75%11.67%11.75%11.43%12.04%+29 bps
Total Risk-Based Capital11.75%11.67%27.75%28.37%34.44%+2,268 bps
Equity / Assets11.81%11.70%11.85%11.62%12.07%+25 bps
Liquidity & Funding
Loans / Deposits41.52%39.87%39.90%39.02%37.46%-407 bps
Liquid Assets / Assets51.01%53.87%55.37%56.92%62.01%+1,100 bps
CRE / Total Capitaln/an/an/an/an/an/an/a