Security Savings Bank in Williamsburg, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1996

Security Savings Bank in Williamsburg, Iowa (IA)
Show street view No street view available for this location

Security Savings Bank - Overview

General
FDIC Certificate #: 16184
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Nevada National Bank (#14072)
Federal Reserve ID: 504740
Date Established: September 13, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11555
FDIC's unique #: 10388
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 06, 1944
Last Structure Change Effective Date: July 15, 1996
Last Structure Change Process Date: August 23, 1996
Last Data Update: August 23, 1996
Data Source Date: April 05, 2012
Location
Address: 408 Court Street, Williamsburg, IA 52361
County: Iowa
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
Financial Summary
Total assets: $63.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$15Total assets
$60,149Cash and due from depository institutions
$1,675Interest-bearing balances
$21Securities
$20,808Federal funds sold & reverse repurchase agreements
$7,540Net loans & leases
$27,519Loan loss allowance
$529Trading account assets
$0Bank premises and fixed assets
$370Other real estate owned
$0Goodwill and other intangibles
$1,209Life insurance assets
$1,028All other assets
$0Total liabilities and capital
$60,149Total liabilities
$54,117Total deposits
$53,220Interest-bearing deposits
$46,780Deposits held in domestic offices
53220.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$159Subordinated debt
$0All other liabilities
$738Total equity capital
$738Total bank equity capital
$6,032Perpetual preferred stock
$0Common stock
$293Surplus
$2,458Undivided profits
Memoranda
$3,281Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$589Earning assets
$55,888Long-term assets (5+ years)
$14,981Average Assets, year-to-date
$55,147Average Assets, quarterly
$56,529Volatile liabilities
$2,824Insider loans
$933FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,839Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,876Total risk weighted assets
$32,332Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,068Total interest expense
$2,012Net interest income
$2,056Provision for loan and lease losses
$36Total noninterest income
$277Fiduciary activities
$0Service charges on deposit accounts
$209Trading account gains & fees
$0Additional noninterest income
$68Total noninterest expense
$1,092Salaries and employee benefits
$515Premises and equipment expense
$108Additional noninterest expense
$469Pre-tax net operating income
$1,205Securities gains (losses)
$0Applicable income taxes
$343Income before extraordinary items
$862Extraordinary gains - net
$0Net income attributable to bank
$862Net charge-offs
$9Cash dividends
$100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.93%Cost of funding earning assets
3.92%Net interest margin
4.01%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
2.13%Net operating income to assets
1.56%Return on assets (ROA)
1.56%Pretax return on assets
2.19%Return on equity (ROE)
15.42%Retained earnings to average equity (YTD only)
13.63%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
400.00%Efficiency ratio
43,078Assets per employee
4.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.60%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
17633.33%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
51.71%Net loans and leases to core deposits
54.43%Equity capital to assets
10.03%Core capital (leverage) ratio
8.87%Tier 1 risk-based capital ratio
15.08%Total risk-based capital ratio
Memoranda
$16Average assets
$55,147Average earning assets
$5,590Average equity
$51,309Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Security Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.