Northeast Security Bank in city_name, state_name - Detailed Financial Reports, Location

Northeast Security Bank in Sumner, Iowa (IA)
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Northeast Security Bank routing number info

Northeast Security Bank - Overview

General
FDIC Certificate #: 18384
Status: Active
Federal Reserve ID: 442244
Bank Holding Company (Regulatory Top Holder): Independence Bancshares, Inc. (RSSDID: 1206201, Location: Independence, IA)
Date Established: January 01, 1888
WWW: http://www.northeastsecuritybank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 12274
FDIC's unique #: 12292
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: May 11, 1961
Last Structure Change Effective Date: April 01, 2008
Last Structure Change Process Date: April 04, 2008
Last Data Update: April 04, 2008
Data Source Date: April 05, 2012
Location
Address: 108 North Carpenter, Sumner, IA 50674
County: Bremer
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $119.3 mil
Equity capital: $13.6 mil
Deposits held in domestic offices: $95.5 mil
Return on assets (ROA): 1.13% ($1.3 mil)
Quarterly return on assets: 1.20% ($1.4 mil)
Return on Equity (ROE): 10.47% ($1.5 mil)
Quarterly return on equity: 10.30% ($1.4 mil)
Net income: $1.3 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.57% ($1,873.1 mil)
Quarterly Pretax return on assets: 1.62% ($1,932.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
22Total employees (full-time equivalent)
$119,307Total assets
$4,716Cash and due from depository institutions
$1,220Interest-bearing balances
$41,409Securities
$1,791Federal funds sold & reverse repurchase agreements
$64,283Net loans & leases
$914Loan loss allowance
$0Trading account assets
$1,604Bank premises and fixed assets
$969Other real estate owned
$2,470Goodwill and other intangibles
$119,307Life insurance assets
$2,065All other assets
$105,720Total liabilities and capital
$95,512Total liabilities
$74,405Total deposits
$95,512Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,253Trading liabilities
$0Other borrowed funds
$955Subordinated debt
$13,587All other liabilities
$13,587Total equity capital
$13,587Total bank equity capital
$0Perpetual preferred stock
$377Common stock
$6,588Surplus
$6,622Undivided profits
Memoranda
$0Noncurrent loans and leases
$224Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$321Income earned, not collected on loans
$0Earning assets
$1,105Long-term assets (5+ years)
$108,703Average Assets, year-to-date
$45,569Average Assets, quarterly
$114,397Volatile liabilities
$115,778Insider loans
$77,582FHLB advances
$115,788Loans and leases held for sale
$64Unused loan commitments
$64Tier 1 (core) risk-based capital
$10,788Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,819Restructured Loans and leases
$3,488Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,573Total interest income
$1,325Total interest expense
$4,248Net interest income
$240Provision for loan and lease losses
$182Total noninterest income
$0Fiduciary activities
$259Service charges on deposit accounts
$0Trading account gains & fees
-$77Additional noninterest income
$2,411Total noninterest expense
$1,332Salaries and employee benefits
$305Premises and equipment expense
$774Additional noninterest expense
$1,779Pre-tax net operating income
$14Securities gains (losses)
$495Applicable income taxes
$1,298Income before extraordinary items
$0Extraordinary gains - net
$1,298Net income attributable to bank
$0Net charge-offs
$1,298Cash dividends
-$15Sale, conversion, retirement of capital stock, net
$107Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.35%Yield on earning assets
1.27%Cost of funding earning assets
4.07%Net interest margin
0.17%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
1.13%Net operating income to assets
1.13%Return on assets (ROA)
1.57%Pretax return on assets
10.47%Return on equity (ROE)
9.60%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-1600.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,770Assets per employee
5.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.24%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
284.74%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
0.49%Net loans and leases to deposits
67.30%Net loans and leases to core deposits
69.45%Equity capital to assets
11.39%Core capital (leverage) ratio
9.32%Tier 1 risk-based capital ratio
13.91%Total risk-based capital ratio
Memoranda
$15Average assets
$114,397Average earning assets
$12,400Average equity
$104,252Average loans

Total Fiduciary and Related Assets (December 31, 2008)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$3Managed Assets
1Number of Accounts
$3Personal trust and agency accounts
$3Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

4 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	12292	Northeast Security Bank	108 North Carpenter, Sumner, IA 50674	January 01, 1888	Full Service Brick and Mortar
1	245172	Fredericksburg Facility	134 West Main, Fredericksburg, IA 50630	August 01, 1985	Full Service Brick and Mortar
2	42026	Main Street Branch	106 East Main Street, Decorah, IA 52101	January 01, 1891	Full Service Brick and Mortar
3	5571	Fairbank Branch	119 East Main Street, Fairbank, IA 50629	January 01, 1897	Full Service Brick and Mortar

Northeast Security Bank in Sumner, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northeast Security Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2008)

List of branches

Comment about this bank, ask questions, or add new information about it:

Northeast Security Bank in Sumner, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Northeast Security Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2008)

List of branches

Comment about this bank, ask questions, or add new information about it:

Northeast Security Bank in Sumner, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches