FDIC Certificate #: 10893 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust Company (#15503) Federal Reserve ID: 827542 Date Established: July 18, 1929 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 6973 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: March 07, 2001 Last Structure Change Process Date: March 28, 2001 Last Data Update: March 28, 2001 Data Source Date: April 05, 2012
Location
Address: 102 West Main, Calmar, IA 52132 County: Winneshiek Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $44.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
14Total employees (full-time equivalent)
$44,673Total assets
$1,239Cash and due from depository institutions
$0Interest-bearing balances
$22,435Securities
$285Federal funds sold & reverse repurchase agreements
$17,298Net loans & leases
$191Loan loss allowance
$0Trading account assets
$801Bank premises and fixed assets
$0Other real estate owned
$2,157Goodwill and other intangibles
$0Life insurance assets
$458All other assets
$44,673Total liabilities and capital
$39,311Total liabilities
$38,882Total deposits
$34,879Interest-bearing deposits
$38,882Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$429All other liabilities
$5,362Total equity capital
$5,362Total bank equity capital
$5,362Perpetual preferred stock
$0Common stock
$50Surplus
$5,380Undivided profits
Memoranda
$-68Noncurrent loans and leases
$495Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$202Average Assets, year-to-date
$40,018Average Assets, quarterly
$16,056Volatile liabilities
$44,506Insider loans
$45,658FHLB advances
$1,454Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$495Total unused commitments
$0Restructured Loans and leases
$191Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$2,889Total interest income
$1,686Total interest expense
$1,203Net interest income
$0Provision for loan and lease losses
$156Total noninterest income
$0Fiduciary activities
$28Service charges on deposit accounts
$0Trading account gains & fees
$128Additional noninterest income
$1,130Total noninterest expense
$536Salaries and employee benefits
$159Premises and equipment expense
$435Additional noninterest expense
$229Pre-tax net operating income
-$29Securities gains (losses)
$33Applicable income taxes
$167Income before extraordinary items
$0Extraordinary gains - net
$167Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
4.24%Cost of funding earning assets
3.03%Net interest margin
0.39%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
0.43%Net operating income to assets
0.38%Return on assets (ROA)
0.45%Pretax return on assets
3.38%Return on equity (ROE)
-1.68%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
114.50%Efficiency ratio
70,419Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
149.70%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
44.49%Net loans and leases to core deposits
46.22%Equity capital to assets
12.00%Core capital (leverage) ratio
7.61%Tier 1 risk-based capital ratio
13.42%Total risk-based capital ratio
Memoranda
$14Average assets
$44,506Average earning assets
$4,940Average equity
$39,753Average 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 State 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.
Comment about this bank, ask questions, or add new information about it: