Security Bancorp Inc
Security Bancorp, Inc. operates as the bank holding company for Security Federal Savings Bank that provides banking products and services to individual and corporate customers in Tennessee. The company's deposit products include checking and savings accounts, and certificates of deposit. It also offers consumer loans; mortgage loans; and commercial loans, including installment loans, lines of cre… Read more
Security Bancorp Inc (SCYT) - Net Assets
Latest net assets as of June 2025: $38.72 Million USD
Based on the latest financial reports, Security Bancorp Inc (SCYT) has net assets worth $38.72 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($384.13 Million) and total liabilities ($345.41 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $38.72 Million |
| % of Total Assets | 10.08% |
| Annual Growth Rate | 6.46% |
| 5-Year Change | 35.4% |
| 10-Year Change | -80.83% |
| Growth Volatility | 217.03 |
Security Bancorp Inc - Net Assets Trend (1998–2024)
This chart illustrates how Security Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Security Bancorp Inc (1998–2024)
The table below shows the annual net assets of Security Bancorp Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $35.61 Million | +14.21% |
| 2023-12-31 | $31.18 Million | +14.44% |
| 2022-12-31 | $27.25 Million | -2.84% |
| 2021-12-31 | $28.04 Million | +6.63% |
| 2020-12-31 | $26.30 Million | +6.48% |
| 2019-12-31 | $24.70 Million | +11.63% |
| 2018-12-31 | $22.13 Million | +8.06% |
| 2017-12-31 | $20.48 Million | -89.13% |
| 2016-12-31 | $188.40 Million | +1.40% |
| 2015-12-31 | $185.79 Million | +6.63% |
| 2014-12-31 | $174.23 Million | +10.30% |
| 2013-12-31 | $157.96 Million | +1040.00% |
| 2008-12-31 | $13.86 Million | -7.25% |
| 2007-12-31 | $14.94 Million | +10.68% |
| 2006-12-31 | $13.50 Million | +12.29% |
| 2005-12-31 | $12.02 Million | +8.90% |
| 2004-12-31 | $11.04 Million | +6.81% |
| 2003-12-31 | $10.33 Million | +5.61% |
| 2002-12-31 | $9.79 Million | +5.72% |
| 2001-12-31 | $9.26 Million | +8.76% |
| 2000-12-31 | $8.51 Million | +13.48% |
| 1999-12-31 | $7.50 Million | +7.31% |
| 1998-12-31 | $6.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Security Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 987.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $35.42 Million | 99.48% |
| Common Stock | $4.36K | 0.01% |
| Other Comprehensive Income | $-1.90 Million | -5.35% |
| Other Components | $2.09 Million | 5.86% |
| Total Equity | $35.61 Million | 100.00% |
Security Bancorp Inc Competitors by Market Cap
The table below lists competitors of Security Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Graphex Group Limited
NYSE MKT:GRFX
|
$20.09 Million |
|
8AV0
F:8AV0
|
$20.10 Million |
|
GWR Group Ltd
AU:GWR
|
$20.10 Million |
|
Nevada Canyon Gold Corp
PINK:NGLD
|
$20.11 Million |
|
Fast Food Indonesia Tbk
JK:FAST
|
$20.08 Million |
|
OUTLOOK THERAPEUTICS INC
NASDAQ:OTLK
|
$20.08 Million |
|
American Realty Investors Inc
NYSE:ARL
|
$20.07 Million |
|
Neo Cremar Co. Ltd
KQ:311390
|
$20.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Security Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,179,508 to 35,608,865, a change of 4,429,357 (14.2%).
- Net income of 4,063,743 contributed positively to equity growth.
- Dividend payments of 371,797 reduced retained earnings.
- New share issuances of 13,164 increased equity.
- Other comprehensive income increased equity by 724,247.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.06 Million | +11.41% |
| Dividends Paid | $371.80K | -1.04% |
| Share Issuances | $13.16K | +0.04% |
| Other Comprehensive Income | $724.25K | +2.03% |
| Total Change | $- | 14.21% |
Book Value vs Market Value Analysis
This analysis compares Security Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.42x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $17.42 | $77.00 | x |
| 1999-12-31 | $19.07 | $77.00 | x |
| 2000-12-31 | $21.25 | $77.00 | x |
| 2001-12-31 | $22.13 | $77.00 | x |
| 2002-12-31 | $22.42 | $77.00 | x |
| 2003-12-31 | $23.68 | $77.00 | x |
| 2004-12-31 | $25.29 | $77.00 | x |
| 2005-12-31 | $27.54 | $77.00 | x |
| 2006-12-31 | $31.71 | $77.00 | x |
| 2007-12-31 | $35.01 | $77.00 | x |
| 2008-12-31 | $34.15 | $77.00 | x |
| 2013-12-31 | $42.96 | $77.00 | x |
| 2014-12-31 | $45.91 | $77.00 | x |
| 2015-12-31 | $47.52 | $77.00 | x |
| 2016-12-31 | $50.33 | $77.00 | x |
| 2017-12-31 | $53.19 | $77.00 | x |
| 2018-12-31 | $57.40 | $77.00 | x |
| 2019-12-31 | $64.18 | $77.00 | x |
| 2020-12-31 | $68.65 | $77.00 | x |
| 2021-12-31 | $73.48 | $77.00 | x |
| 2022-12-31 | $71.39 | $77.00 | x |
| 2023-12-31 | $81.70 | $77.00 | x |
| 2024-12-31 | $93.31 | $77.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Security Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.19%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 10.10x
- Recent ROE (11.41%) is above the historical average (8.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 8.62% | 11.15% | 0.09x | 9.08x | $-96.44K |
| 1999 | 9.33% | 11.11% | 0.09x | 9.63x | $-50.00K |
| 2000 | 9.45% | 11.21% | 0.09x | 9.56x | $-46.92K |
| 2001 | 9.26% | 11.04% | 0.09x | 9.56x | $-68.19K |
| 2002 | 7.65% | 10.55% | 0.08x | 9.41x | $-229.95K |
| 2003 | 7.55% | 10.96% | 0.07x | 9.97x | $-253.21K |
| 2004 | 8.15% | 11.87% | 0.07x | 9.96x | $-204.04K |
| 2005 | 10.42% | 13.63% | 0.07x | 11.13x | $50.91K |
| 2006 | 11.83% | 14.56% | 0.08x | 10.39x | $246.41K |
| 2007 | 11.11% | 13.77% | 0.08x | 9.66x | $166.07K |
| 2008 | 3.31% | 3.76% | 0.09x | 9.73x | $-926.63K |
| 2013 | 6.70% | 16.10% | 0.04x | 9.60x | $-546.43K |
| 2014 | 8.11% | 20.10% | 0.04x | 9.89x | $-336.06K |
| 2015 | 5.99% | 15.99% | 0.04x | 10.21x | $-735.86K |
| 2016 | 8.31% | 20.71% | 0.04x | 9.80x | $-328.92K |
| 2017 | 7.30% | 16.70% | 0.04x | 9.94x | $-552.17K |
| 2018 | 10.01% | 21.93% | 0.05x | 9.65x | $1.80K |
| 2019 | 10.31% | 22.72% | 0.05x | 9.09x | $75.67K |
| 2020 | 8.70% | 20.71% | 0.04x | 9.92x | $-341.90K |
| 2021 | 9.46% | 23.95% | 0.04x | 10.55x | $-152.56K |
| 2022 | 11.19% | 25.28% | 0.04x | 11.08x | $324.06K |
| 2023 | 10.47% | 19.00% | 0.05x | 10.42x | $147.92K |
| 2024 | 11.41% | 18.19% | 0.06x | 10.10x | $502.86K |
Industry Comparison
This section compares Security Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Security Bancorp Inc (SCYT) | $38.72 Million | 8.62% | 8.92x | $20.08 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |