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	SECURITY BANK CORP
	Published Balance Sheet
	Amounts in Philippine Pesos
	As of 31 December 2024
ASSETS
		Current Quarter	Previous Quarter
	Cash and Cash Items	13,157,830,681.72	11,513,055,644.37
	Due from Bangko Sentral ng Pilipinas	35,104,830,750.97	26,449,984,359.82
	Due from Other Central Banks and Banks - Net	19,014,747,246.30	14,992,769,048.91
	Financial Assets at Fair Value through Profit or Loss (FVPL) 1/	16,821,381,840.21	10,623,463,138.90
	Financial Assets at Fair Value Through Other Comprehensive Income (FVOCI) - Net	181,225,585,150.22	141,748,898,988.00
	Debt Securities at Amortized Cost - Net	138,733,375,109.96	127,295,793,733.00
	Loans to Bangko Sentral ng Pilipinas	0.00	0.00
	Interbank Loans Receivable	5,452,250,000.00	12,674,160,000.00
	Loans and Receivables - Others	686,017,448,539.22	628,998,983,658.95
	Loans and Receivables Arising from RA/CA/PR/SLB	3,941,366,503.00	25,000,000,000.00
	Total Loan Portfolio (TLP) - Gross	695,411,065,042.22	666,673,143,658.95
	Allowance for Credit Losses 2/	15,970,778,705.88	16,265,104,509.30
	Total Loan Portfolio - Net	679,440,286,336.34	650,408,039,149.65
	Equity Investment in Subsidiaries, Associates and Joint Ventures - Net	5,253,615,432.33	5,216,924,790.34
	Bank Premises, Furniture, Fixture and Equipment - Net	5,093,757,780.35	4,567,015,798.90
	Real and Other Properties Acquired - Net	4,910,594,711.53	4,464,871,135.19
	Sales Contract Receivables - Net	108,756,257.68	113,568,701.71
	Non-Current Assets Held for Sale	0.00	0.00
	Other Assets - Net	332,357,649,570.24	304,534,253,309.19
	Net Due from Head Office/Branches/Agencies (Philippine branch of a  foreign bank)	0.00	0.00
	TOTAL ASSETS	1,431,222,410,867.85	1,301,928,637,797.98
LIABILITIES
	Financial Liabilities at Fair Value through Profit or Loss (FVPL) 3/	1,716,046,906.07	3,007,270,528.14
	Deposit Liabilities	802,963,097,396.63	722,302,429,304.46
	Due to Other Banks	345,693,472.32	310,589,924.46
	Bills Payable	90,826,900,598.77	59,859,155,956.48
	BSP (Rediscounting and Other Advances)	0.00	0.00
	Interbank Loans Payable	5,887,243,402.32	8,511,048,713.50
	Other Borrowings, including Deposit Substitutes	84,939,657,196.45	51,348,107,242.98
	Bonds Payable-Net	61,195,057,008.30	60,431,803,436.64
	Unsecured Subordinated Debt - Net	0.00	0.00
	Redeemable Preferred Shares	0.00	0.00
	Other Liabilities	335,846,185,274.40	315,069,212,630.63
	Net Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)	0.00	0.00
	TOTAL LIABILITIES	1,292,892,980,656.49	1,160,980,461,780.81
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	10,483,920,192.34	8,185,072,964.78
	Retained Earnings	91,284,089,768.54	92,789,930,739.02
	Other Capital Accounts	(9,624,996,549.41)	(6,213,244,486.53)
	Assigned Capital	0.00	0.00
	TOTAL STOCKHOLDERS' EQUITY	138,329,430,211.37	140,948,176,017.17
	TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,431,222,410,867.86	1,301,928,637,797.98
CONTINGENT ACCOUNTS
	Guarantees Issued	0.00	0.00
	Financial Standby Letters of Credit	0.00	0.00
	Performance Standby Letters of Credit	75,699,387,160.62	68,487,587,800.93
	Commercial Letters of Credit	5,782,795,370.22	6,672,904,339.64
	Trade Related Guarantees	866,899,785.03	582,211,947.39
	Commitments	203,558,910,703.69	185,182,625,491.08
	Spot Foreign Exchange Contracts	17,934,128,335.74	110,345,104,044.49
	Securities Held Under Custodianship by Bank Proper	0.00	0.00
	Trust Department Accounts	154,149,291,165.20	129,026,951,159.89
	Derivatives	494,307,206,297.86	499,490,822,697.53
	Others	4,478,998,297.72	1,436,950,551.74
	TOTAL CONTINGENT ACCOUNTS	956,777,617,116.08	1,001,225,158,032.69
FINANCIAL INDICATORS (%)
	ASSET QUALITY
	Gross Non-Performing Loans (NPL) Ratio	2.84	3.07
	Net NPL Ratio	1.28	1.39
	Gross NPL Coverage Ratio	80.76	79.49
	Net NPL Coverage Ratio	59.94	58.82
	RELATED PARTY TRANSACTIONS
	Ratio of Loans to Related Parties to gross TLP	2.68	2.04
	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	0.04	0.74
	Ratio of Non-Performing DOSRI Loans to Total Loans to DOSRI	0.00	0.00
	LIQUIDITY
	Liquidity Coverage Ratio 4/	177.72	185.36
	Net Stable Funding Ratio 4/	130.82	135.47
	Minimum Liquidity Ratio 5/	0.00	0.00
	PROFITABILITY
	Return on Equity (ROE)	7.69	8.05
	Return on Assets	1.15	1.25
	Net Interest Margin	4.80	4.94
	CAPITAL ADEQUACY
	Common Equity Tier 1 Ratio	12.54	13.13
	Tier 1 Capital Ratio	12.54	13.13
	CAR	13.44	14.02
	LEVERAGE
	Basel III Leverage Ratio 4/	7.49	8.24
	Deferred Charges not yet Written Down	0.00	0.00
	1/ This account is comprised of Financial Assets Held for Trading (HFT), Debt Securities Designated at FVPL, and Other Financial Assets Mandatorily Measured at FVPL.
	2/ This acccount is comprised of Specific Allowance for Credit Losses and General Loan Loss Provision.
	3/ This account is comprised of Financial Liabilities Held for Trading, and Financial Liabilities Designated at FVPL.
	4/ Only applicable to All Universal and Commercial Banks and their subsidiary banks.
	5/ Only applicable to All Stand-alone TBs, RBs, and CoopBanks
	Newspaper Published in: https://www.securitybank.com/about-us/investor-relations/sec-filings/
	Newspaper Published on: 21-Feb-2025