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

Security State Bank in Algona, Iowa (IA)
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Security State Bank routing number info

Security State Bank - Overview

General
FDIC Certificate #: 15839
Status: Active
Federal Reserve ID: 750846
Bank Holding Company (Regulatory Top Holder): Burt Bancshares, Inc. (RSSDID: 1206032, Location: Burt, IA)
Date Established: March 01, 1931
WWW: http://www.bankssb.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 10080
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: August 15, 1941
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: 1 East State Street, Algona, IA 50511
County: Kossuth
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $86.2 mil
Equity capital: $9.0 mil
Deposits held in domestic offices: $76.8 mil
Return on assets (ROA): 0.98% ($0.8 mil)
Quarterly return on assets: 1.23% ($1.1 mil)
Return on Equity (ROE): 9.17% ($0.8 mil)
Quarterly return on equity: 11.69% ($1.1 mil)
Net income: $0.8 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.33% ($1,145.8 mil)
Quarterly Pretax return on assets: 1.53% ($1,318.1 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
15Total employees (full-time equivalent)
$86,152Total assets
$3,789Cash and due from depository institutions
$2,640Interest-bearing balances
$14,344Securities
$11,117Federal funds sold & reverse repurchase agreements
$54,225Net loans & leases
$1,121Loan loss allowance
$0Trading account assets
$454Bank premises and fixed assets
$112Other real estate owned
$0Goodwill and other intangibles
$86,152Life insurance assets
$2,111All other assets
$77,126Total liabilities and capital
$76,822Total liabilities
$61,163Total deposits
$76,822Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$304Subordinated debt
$9,026All other liabilities
$9,026Total equity capital
$9,026Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$900Surplus
$8,026Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$118Income earned, not collected on loans
$0Earning assets
$690Long-term assets (5+ years)
$82,326Average Assets, year-to-date
$6,422Average Assets, quarterly
$80,003Volatile liabilities
$84,392Insider loans
$70,210FHLB advances
$84,967Loans and leases held for sale
$655Unused loan commitments
$655Tier 1 (core) risk-based capital
$8,756Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,312Restructured Loans and leases
$2,000Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,360Total interest income
$689Total interest expense
$2,671Net interest income
$145Provision for loan and lease losses
$223Total noninterest income
$0Fiduciary activities
$120Service charges on deposit accounts
$0Trading account gains & fees
$103Additional noninterest income
$1,683Total noninterest expense
$985Salaries and employee benefits
$133Premises and equipment expense
$565Additional noninterest expense
$1,066Pre-tax net operating income
$0Securities gains (losses)
$281Applicable income taxes
$785Income before extraordinary items
$0Extraordinary gains - net
$785Net income attributable to bank
$0Net charge-offs
$785Cash dividends
$0Sale, conversion, retirement of capital stock, net
$60Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.44%Yield on earning assets
0.91%Cost of funding earning assets
3.53%Net interest margin
0.29%Noninterest income to earning assets
2.22%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.33%Pretax return on assets
9.17%Return on equity (ROE)
8.47%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,155Assets per employee
5.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.64%Loss allowance to loans
2.03%Loss allowance to noncurrent loans
950.00%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.21%Net loans and leases to deposits
70.59%Net loans and leases to core deposits
76.47%Equity capital to assets
10.48%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
12.47%Total risk-based capital ratio
Memoranda
$14Average assets
$80,003Average earning assets
$8,559Average equity
$75,672Average 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
$63Managed 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
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
15Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$63Other retirement accounts
$63Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10080	Security State Bank	1 East State Street, Algona, IA 50511	March 01, 1931	Full Service Brick and Mortar
1	235617	Dewitt Street Branch	102 Dewitt Street, Luverne, IA 50560	October 01, 1994	Full Service Brick and Mortar
2	357382	Walnut Street Branch	122 Walnut Street, Burt, IA 50522	March 09, 2000	Full Service Brick and Mortar

Security State Bank in Algona, Iowa (IA)
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 Algona, Iowa (IA)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 Algona, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches