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

Security State Bank in Centralia, Washington (WA)
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Security State Bank routing number info

Security State Bank - Overview

General
FDIC Certificate #: 13232
Status: Active
Federal Reserve ID: 111979
Bank Holding Company (Regulatory Top Holder): Security State Corporation (RSSDID: 2572024, Location: Centralia, WA)
Date Established: December 26, 1903
WWW: http://www.ssbwa.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 9431
FDIC's unique #: 8369
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 1930 South Gold Street, Centralia, WA 98531
County: Lewis
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Seattle
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Centralia, WA (#16500)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $338.0 mil
Equity capital: $39.1 mil
Deposits held in domestic offices: $292.5 mil
Return on assets (ROA): 0.32% ($1.1 mil)
Quarterly return on assets: 0.12% ($0.4 mil)
Return on Equity (ROE): 2.83% ($1.1 mil)
Quarterly return on equity: 1.07% ($0.4 mil)
Net income: $1.1 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.32% ($1,081.5 mil)
Quarterly Pretax return on assets: 0.12% ($405.5 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
102Total employees (full-time equivalent)
$337,956Total assets
$112,214Cash and due from depository institutions
$104,061Interest-bearing balances
$15,034Securities
$0Federal funds sold & reverse repurchase agreements
$191,071Net loans & leases
$8,157Loan loss allowance
$0Trading account assets
$3,044Bank premises and fixed assets
$4,293Other real estate owned
$1,389Goodwill and other intangibles
$337,956Life insurance assets
$10,911All other assets
$298,880Total liabilities and capital
$292,501Total liabilities
$237,410Total deposits
$292,501Interest-bearing deposits
$96Deposits held in domestic offices
3636.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$382Trading liabilities
$0Other borrowed funds
$2,361Subordinated debt
$39,076All other liabilities
$39,076Total equity capital
$39,076Total bank equity capital
$0Perpetual preferred stock
$792Common stock
$11,083Surplus
$27,201Undivided profits
Memoranda
$0Noncurrent loans and leases
$112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,834Income earned, not collected on loans
$630Earning assets
$592Long-term assets (5+ years)
$310,166Average Assets, year-to-date
$70,614Average Assets, quarterly
$341,503Volatile liabilities
$340,757Insider loans
$202,809FHLB advances
$339,775Loans and leases held for sale
$7,094Unused loan commitments
$7,094Tier 1 (core) risk-based capital
$37,562Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$39,073Restructured Loans and leases
$4,616Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$14,016Total interest income
$1,455Total interest expense
$12,561Net interest income
$4,320Provision for loan and lease losses
$2,978Total noninterest income
$408Fiduciary activities
$2,015Service charges on deposit accounts
$0Trading account gains & fees
$555Additional noninterest income
$10,122Total noninterest expense
$5,372Salaries and employee benefits
$1,139Premises and equipment expense
$3,611Additional noninterest expense
$1,097Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,097Income before extraordinary items
$0Extraordinary gains - net
$1,097Net income attributable to bank
$0Net charge-offs
$1,097Cash dividends
$4,979Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
0.46%Cost of funding earning assets
4.01%Net interest margin
0.95%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.32%Pretax return on assets
2.83%Return on equity (ROE)
2.83%Retained earnings to average equity (YTD only)
2.40%Net charge-offs to loans
86.76%Credit loss provision to net charge-offs
1.09%Efficiency ratio
65,139Assets per employee
3.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.09%Loss allowance to noncurrent loans
139.82%Noncurrent assets plus other real estate owned to assets
3.00%Noncurrent loans to loans
2.93%Net loans and leases to deposits
65.32%Net loans and leases to core deposits
66.39%Equity capital to assets
11.56%Core capital (leverage) ratio
11.05%Tier 1 risk-based capital ratio
18.52%Total risk-based capital ratio
Memoranda
$20Average assets
$341,503Average earning assets
$38,744Average equity
$313,313Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$100,925Managed Assets
1Number of Accounts
$58,345Personal trust and agency accounts
$57,779Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$566Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
288Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$42,580Other retirement accounts
$24,756Corporate trust and agency accounts
$4,163Other fiduciary accounts
$11,057Fiduciary accounts held in foreign offices

List of branches

13 Washington Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	8369	Security State Bank	1930 South Gold Street, Centralia, WA 98531	December 26, 1903	Full Service Brick and Mortar
1	229352	West Centralia Branch	1231 Harrison Ave, Centralia, WA 98531	November 21, 1970	Full Service Brick and Mortar
3	229354	Motor Plaza Branch	443 North Market Blvd, Chehalis, WA 98532	March 19, 1973	Limited Service Facility
4	229355	South Chehalis Branch	1451 South Market Boulevard, Chehalis, WA 98532	July 01, 1982	Full Service Brick and Mortar
5	229356	Morton Branch	245 South Second Street, Morton, WA 98356	December 05, 1983	Full Service Brick and Mortar
6	229357	Winlock Branch	206 East Walnut Street, Winlock, WA 98596	August 07, 1997	Full Service Retail
7	229358	Rochester Branch	10333 Highway 12 Sw, Rochester, WA 98579	November 03, 1997	Full Service Retail
8	418911	Chehalis Main Branch	442 Nw Chehalis Ave., Chehalis, WA 98532	September 24, 1984	Full Service Brick and Mortar
9	430079	Airport Branch	1431 Nw Louisiana Avenue, Chehalis, WA 98532	June 21, 2004	Full Service Brick and Mortar
10	14995	Raymond Branch	221 Commercial Street, Raymond, WA 98577	July 01, 1974	Full Service Brick and Mortar
11	253208	South Bend Branch	111 Central Avenue, South Bend, WA 98586	June 01, 1977	Full Service Brick and Mortar
12	253209	Grayland Branch	853 Hart Street, Grayland, WA 98547	June 01, 1981	Full Service Brick and Mortar
13	253210	Pe Ell	118 North Main Street, Pe Ell, WA 98572	January 11, 1999	Full Service Brick and Mortar

Security State Bank in Centralia, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State 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, 2011)

List of branches

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

Security State Bank in Centralia, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

Security State 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, 2011)

List of branches

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

Security State Bank in Centralia, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches