Security State Bank of Howard Lake in Howard Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 2011

  • Security State Bank of Howard Lake in Howard Lake, Minnesota (MN)
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Security State Bank of Howard Lake routing number info

Security State Bank of Howard Lake - Overview

  • General
  • FDIC Certificate #: 10206
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Alliance Bank (#1402)
    Federal Reserve ID: 1012859
    Date Established: September 15, 1915
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 15572
    FDIC's unique #: 6545
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 2011
    Last Structure Change Process Date: November 23, 2011
    Last Data Update: November 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Sixth Street, Howard Lake, MN 55349
    County: Wright
    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: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $79.4 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, 2010)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $77,345Total assets
  • $10,208Cash and due from depository institutions
  • $7,286Interest-bearing balances
  • $14,158Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $46,887Net loans & leases
  • $955Loan loss allowance
  • $0Trading account assets
  • $4,286Bank premises and fixed assets
  • $405Other real estate owned
  • $0Goodwill and other intangibles
  • $121Life insurance assets
  • $1,401All other assets
  • $77,345Total liabilities and capital
  • $69,730Total liabilities
  • $63,600Total deposits
  • $49,970Interest-bearing deposits
  • $63,600Deposits held in domestic offices
  • 89.04%% insured (estimated)
  • $937Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,106Other borrowed funds
  • $0Subordinated debt
  • $87All other liabilities
  • $7,615Total equity capital
  • $7,615Total bank equity capital
  • $7,615Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $6,469Undivided profits
  • Memoranda
  • $1,096Noncurrent loans and leases
  • $7,193Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,727Earning assets
  • $0Long-term assets (5+ years)
  • $347Average Assets, year-to-date
  • $68,331Average Assets, quarterly
  • $12,573Volatile liabilities
  • $78,926Insider loans
  • $79,099FHLB advances
  • $12,066Loans and leases held for sale
  • $92Unused loan commitments
  • $5,106Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,193Total unused commitments
  • $0Restructured Loans and leases
  • $654Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,690Total interest income
  • $1,098Total interest expense
  • $2,592Net interest income
  • $54Provision for loan and lease losses
  • $740Total noninterest income
  • $0Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $383Additional noninterest income
  • $2,065Total noninterest expense
  • $753Salaries and employee benefits
  • $517Premises and equipment expense
  • $795Additional noninterest expense
  • $1,213Pre-tax net operating income
  • $9Securities gains (losses)
  • $4Applicable income taxes
  • $1,218Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,218Net income attributable to bank
  • $0Net charge-offs
  • $1,218Cash dividends
  • $703Sale, conversion, retirement of capital stock, net
  • $668Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.65%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 15.61%Return on equity (ROE)
  • 7.05%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 7.68%Credit loss provision to net charge-offs
  • 1.80%Efficiency ratio
  • 61,975Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.84%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 55.30%Noncurrent assets plus other real estate owned to assets
  • 2.76%Noncurrent loans to loans
  • 3.61%Net loans and leases to deposits
  • 73.72%Net loans and leases to core deposits
  • 88.02%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 14.17%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $78,926Average earning assets
  • $7,804Average equity
  • $70,969Average loans

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