Security State Bank of Adams in Adams, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 03, 1996

Security State Bank of Adams in Adams, North Dakota (ND)
Show street view No street view available for this location

Security State Bank of Adams - Overview

General
FDIC Certificate #: 10231
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First United Bank (#15472)
Federal Reserve ID: 905851
Date Established: January 01, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6560
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: January 01, 1934
Last Structure Change Effective Date: September 03, 1996
Last Structure Change Process Date: October 07, 1996
Last Data Update: October 07, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Adams, ND 58210
County: Walsh
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $12.2 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)
$5Total assets
$11,490Cash and due from depository institutions
$705Interest-bearing balances
$0Securities
$3,115Federal funds sold & reverse repurchase agreements
$100Net loans & leases
$7,141Loan loss allowance
$237Trading account assets
$0Bank premises and fixed assets
$138Other real estate owned
$0Goodwill and other intangibles
$291Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,490Total liabilities
$10,389Total deposits
$10,233Interest-bearing deposits
$9,105Deposits held in domestic offices
10233.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$156Total equity capital
$156Total bank equity capital
$1,101Perpetual preferred stock
$0Common stock
$150Surplus
$530Undivided profits
Memoranda
$421Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$155Income earned, not collected on loans
$237Earning assets
$10,356Long-term assets (5+ years)
$726Average Assets, year-to-date
$11,912Average Assets, quarterly
$11,900Volatile liabilities
$228Insider loans
$163FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,340Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,110Total risk weighted assets
$8,553Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$926Total interest expense
$443Net interest income
$483Provision for loan and lease losses
$8Total noninterest income
$49Fiduciary activities
$0Service charges on deposit accounts
$28Trading account gains & fees
$0Additional noninterest income
$21Total noninterest expense
$348Salaries and employee benefits
$191Premises and equipment expense
$30Additional noninterest expense
$127Pre-tax net operating income
$176Securities gains (losses)
$0Applicable income taxes
$59Income before extraordinary items
$117Extraordinary gains - net
$0Net income attributable to bank
$117Net charge-offs
-$10Cash dividends
$83Sale, 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
8.41%Cost of funding earning assets
4.02%Net interest margin
4.39%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
3.16%Net operating income to assets
0.98%Return on assets (ROA)
0.98%Pretax return on assets
1.48%Return on equity (ROE)
11.43%Retained earnings to average equity (YTD only)
3.32%Net charge-offs to loans
-0.14%Credit loss provision to net charge-offs
-80.00%Efficiency ratio
65,414Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.94%Loss allowance to loans
3.21%Loss allowance to noncurrent loans
152.90%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
2.10%Net loans and leases to deposits
69.78%Net loans and leases to core deposits
71.37%Equity capital to assets
9.58%Core capital (leverage) ratio
9.34%Tier 1 risk-based capital ratio
12.98%Total risk-based capital ratio
Memoranda
$14Average assets
$11,912Average earning assets
$1,024Average equity
$11,010Average 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 of Adams.
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.