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SECURITY BANK CORP | ||||
Published Balance Sheet | ||||
Amounts in Philippine Pesos | ||||
As of 31 December 2023 | ||||
ASSETS | ||||
Current Quarter | Previous Quarter | |||
Cash and Cash Items | 13,943,687,231.84 | 9,948,369,841.96 | ||
Due from Bangko Sentral ng Pilipinas | 45,821,154,730.46 | 41,297,603,538.14 | ||
Due from Other Central Banks and Banks - Net | 13,429,272,012.15 | 11,520,821,716.89 | ||
Financial Assets at Fair Value through Profit or Loss (FVPL) 1/ | 10,886,325,654.51 | 11,548,153,648.42 | ||
Financial Assets at Fair Value Through Other Comprehensive Income (FVOCI) - Net | 139,355,227,461.49 | 133,617,567,382.16 | ||
Debt Securities at Amortized Cost - Net | 76,156,083,900.00 | 70,474,388,313.66 | ||
Loans to Bangko Sentral ng Pilipinas | 0.00 | 0.00 | ||
Interbank Loans Receivable | 4,081,000,000.00 | 5,567,525,000.00 | ||
Loans and Receivables - Others | 547,579,302,850.05 | 509,493,313,409.65 | ||
Loans and Receivables Arising from RA/CA/PR/SLB | 0.00 | 0.00 | ||
Total Loan Portfolio (TLP) - Gross | 551,660,302,850.05 | 515,060,838,409.65 | ||
Allowance for Credit Losses 2/ | 15,201,985,057.13 | 14,878,292,858.29 | ||
Total Loan Portfolio - Net | 536,458,317,792.92 | 500,182,545,551.36 | ||
Equity Investment in Subsidiaries, Associates and Joint Ventures - Net | 5,013,781,769.99 | 4,855,378,539.81 | ||
Bank Premises, Furniture, Fixture and Equipment - Net | 4,331,906,499.07 | 4,075,380,467.21 | ||
Real and Other Properties Acquired - Net | 4,039,247,514.81 | 4,033,629,925.56 | ||
Sales Contract Receivables - Net | 127,960,489.25 | 114,505,561.07 | ||
Non-Current Assets Held for Sale | 0.00 | 0.00 | ||
Other Assets - Net | 150,691,049,948.14 | 133,971,473,952.65 | ||
Net Due from Head Office/Branches/Agencies (Philippine
branch of a foreign bank) |
0.00 | 0.00 | ||
TOTAL ASSETS | 1,000,254,015,004.63 | 925,639,818,438.89 | ||
LIABILITIES | ||||
Financial Liabilities at Fair Value through Profit or Loss (FVPL) 3/ | 2,968,706,030.98 | 1,958,839,464.76 | ||
Deposit Liabilities | 608,806,398,094.65 | 563,762,888,460.00 | ||
Due to Other Banks | 615,576,402.23 | 868,115,324.66 | ||
Bills Payable | 51,073,373,759.16 | 42,676,903,316.87 | ||
BSP (Rediscounting and Other Advances) | 0.00 | 0.00 | ||
Interbank Loans Payable | 4,547,564,647.04 | 121,769,958.22 | ||
Other Borrowings, including Deposit Substitutes | 46,525,809,112.12 | 42,555,133,358.65 | ||
Bonds Payable-Net | 48,963,520,667.18 | 48,898,804,714.51 | ||
Unsecured Subordinated Debt - Net | 0.00 | 0.00 | ||
Redeemable Preferred Shares | 0.00 | 0.00 | ||
Other Liabilities | 153,690,783,063.13 | 136,899,494,754.27 | ||
Net Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank) | 0.00 | 0.00 | ||
TOTAL LIABILITIES | 866,118,358,017.33 | 795,065,046,035.07 | ||
STOCKHOLDERS' EQUITY | ||||
Capital Stock | 7,635,388,870.00 | 7,635,388,870.00 | ||
Additional Paid-In Capital | 38,551,027,929.90 | 38,551,027,929.90 | ||
Undivided Profits | 8,583,760,577.76 | 7,040,163,204.90 | ||
Retained Earnings | 85,306,565,873.17 | 86,726,952,957.99 | ||
Other Capital Accounts | -5,941,086,263.53 | -9,378,760,558.97 | ||
Assigned Capital | 0.00 | 0.00 | ||
TOTAL STOCKHOLDERS' EQUITY | 134,135,656,987.30 | 130,574,772,403.82 | ||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,000,254,015,004.63 | 925,639,818,438.89 | ||
CONTINGENT ACCOUNTS | ||||
Guarantees Issued | 0.00 | 0.00 | ||
Financial Standby Letters of Credit | 0.00 | 0.00 | ||
Performance Standby Letters of Credit | 39,148,943,432.78 | 42,212,807,093.14 | ||
Commercial Letters of Credit | 7,356,698,359.30 | 8,332,147,698.35 | ||
Trade Related Guarantees | 833,749,463.53 | 524,326,163.49 | ||
Commitments | 108,954,821,467.35 | 93,649,447,936.30 | ||
Spot Foreign Exchange Contracts | 18,857,987,036.54 | 71,764,681,095.91 | ||
Securities Held Under Custodianship by Bank Proper | 0.00 | 0.00 | ||
Trust Department Accounts | 108,624,757,041.72 | 106,913,006,084.68 | ||
Derivatives | 370,310,049,602.82 | 380,991,700,009.65 | ||
Others | 2,406,397,054.47 | 3,640,686,787.50 | ||
TOTAL CONTINGENT ACCOUNTS | 656,493,403,458.51 | 708,028,802,869.02 | ||
FINANCIAL INDICATORS (%) | ||||
ASSET QUALITY | ||||
Gross Non-Performing Loans (NPL) Ratio | 3.36 | 3.15 | ||
Net NPL Ratio | 1.37 | 1.04 | ||
Gross NPL Coverage Ratio | 82.13 | 91.76 | ||
Net NPL Coverage Ratio | 201.53 | 279.01 | ||
RELATED PARTY TRANSACTIONS | ||||
Ratio of Loans to Related Parties to gross TLP | 3.05 | 3.37 | ||
Ratio of Non-Performing Loans to Related Parties to Total Loans to Related Parties | 0.00 | 0.00 | ||
Ratio of DOSRI Loans to gross TLP | 1.65 | 2.04 | ||
Ratio of Non-Performing DOSRI Loans to Total Loans to DOSRI | 0.00 | 0.00 | ||
LIQUIDITY | ||||
Liquidity Coverage Ratio 4/ | 157.22 | 173.20 | ||
Net Stable Funding Ratio 4/ | 130.94 | 131.87 | ||
Minimum Liquidity Ratio 5/ | 0.00 | 0.00 | ||
PROFITABILITY | ||||
Return on Equity (ROE) | 6.65 | 7.32 | ||
Return on Assets | 1.11 | 1.23 | ||
Net Interest Margin | 4.52 | 4.34 | ||
CAPITAL ADEQUACY | ||||
Common Equity Tier 1 Ratio | 14.81 | 15.04 | ||
Tier 1 Capital Ratio | 14.81 | 15.04 | ||
CAR | 15.69 | 15.91 | ||
LEVERAGE | ||||
Basel III Leverage Ratio 4/ | 10.19 | 10.43 | ||
Deferred Charges not yet Written Down | 0.00 | 0.00 | ||
Newspaper Published in: https://www.securitybank.com/about-us/investor-relations/sec-filings/ | ||||
Newspaper Published on: 20-Feb-2024 | ||||