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

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

Security State Bank - Overview

General
FDIC Certificate #: 235
Status: Active
Federal Reserve ID: 425845
Bank Holding Company (Regulatory Top Holder): Old O'brien Banc Shares, Inc. (RSSDID: 1209172, Location: Sutherland, IA)
Date Established: January 01, 1931
WWW: http://www.mysecuritystate.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 188
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 24, 2006
Last Structure Change Process Date: January 05, 2007
Last Data Update: January 05, 2007
Data Source Date: April 05, 2012
Location
Address: 109 West 2nd Street, Sutherland, IA 51058
County: O'brien
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
History of Changes
Change in Location
Financial Summary
Total assets: $79.3 mil
Equity capital: $6.7 mil
Deposits held in domestic offices: $62.3 mil
Return on assets (ROA): 2.57% ($2.0 mil)
Quarterly return on assets: 2.83% ($2.2 mil)
Return on Equity (ROE): 30.22% ($2.1 mil)
Quarterly return on equity: 34.01% ($2.4 mil)
Net income: $2.0 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 2.70% ($2,140.4 mil)
Quarterly Pretax return on assets: 2.98% ($2,362.4 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
14Total employees (full-time equivalent)
$79,275Total assets
$2,723Cash and due from depository institutions
$36Interest-bearing balances
$1,839Securities
$0Federal funds sold & reverse repurchase agreements
$72,236Net loans & leases
$857Loan loss allowance
$0Trading account assets
$507Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$79,275Life insurance assets
$1,970All other assets
$72,539Total liabilities and capital
$62,345Total liabilities
$50,848Total deposits
$62,345Interest-bearing deposits
$93Deposits held in domestic offices
1458.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,500Trading liabilities
$0Other borrowed funds
$236Subordinated debt
$6,736All other liabilities
$6,736Total equity capital
$6,736Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$900Surplus
$5,636Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$52Income earned, not collected on loans
$0Earning assets
$1,230Long-term assets (5+ years)
$74,111Average Assets, year-to-date
$3,920Average Assets, quarterly
$77,258Volatile liabilities
$79,565Insider loans
$72,982FHLB advances
$79,213Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,736Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$1,652Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,130Total interest income
$721Total interest expense
$3,409Net interest income
$10Provision for loan and lease losses
$276Total noninterest income
$33Fiduciary activities
$198Service charges on deposit accounts
$0Trading account gains & fees
$45Additional noninterest income
$1,591Total noninterest expense
$1,042Salaries and employee benefits
$149Premises and equipment expense
$400Additional noninterest expense
$2,084Pre-tax net operating income
$0Securities gains (losses)
$101Applicable income taxes
$1,983Income before extraordinary items
$0Extraordinary gains - net
$1,983Net income attributable to bank
$0Net charge-offs
$1,983Cash dividends
$4Sale, conversion, retirement of capital stock, net
$1,625Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.66%Yield on earning assets
0.99%Cost of funding earning assets
4.67%Net interest margin
0.38%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
2.57%Net operating income to assets
2.57%Return on assets (ROA)
2.70%Pretax return on assets
30.22%Return on equity (ROE)
5.46%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
250.00%Credit loss provision to net charge-offs
523.50%Efficiency ratio
43,175Assets per employee
5.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.95%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
1648.08%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.07%Net loans and leases to deposits
115.86%Net loans and leases to core deposits
119.73%Equity capital to assets
8.50%Core capital (leverage) ratio
8.50%Tier 1 risk-based capital ratio
9.23%Total risk-based capital ratio
Memoranda
$10Average assets
$77,258Average earning assets
$6,561Average equity
$72,965Average 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
$5,134Managed Assets
1Number of Accounts
$5,134Personal trust and agency accounts
$5,066Employee 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
$68Non-managed Assets
15Number 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

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	188	Security State Bank	109 West 2nd Street, Sutherland, IA 51058	January 01, 1931	Full Service Brick and Mortar
1	181385	Calumet Branch	120 West 2nd Street, Calumet, IA 51009	January 03, 1984	Full Service Brick and Mortar
3	457851	Paullina Branch	305 East Grand Avenue, Paullina, IA 51046	April 24, 2006	Full Service Brick and Mortar

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