FDIC Certificate #: 10982 Status: Active Federal Reserve ID: 814355 Date Established: January 01, 1934 WWW:http://www.ssboklee.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 7035 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: December 06, 2010 Last Structure Change Process Date: December 06, 2010 Last Data Update: December 06, 2010 Data Source Date: April 05, 2012
Location
Address: 201 Main Street, Oklee, MN 56742 County: Red Lake 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: $30.4 mil Equity capital: $4.9 mil Deposits held in domestic offices: $25.5 mil Return on assets (ROA): 0.57% ($0.2 mil) Quarterly return on assets: 0.62% ($0.2 mil) Return on Equity (ROE): 3.55% ($0.2 mil) Quarterly return on equity: 3.81% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.57% ($173.4 mil) Quarterly Pretax return on assets: 0.62% ($188.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$30,424Total assets
$13,615Cash and due from depository institutions
$9,176Interest-bearing balances
$4,978Securities
$4,670Federal funds sold & reverse repurchase agreements
$7,034Net loans & leases
$345Loan loss allowance
$0Trading account assets
$14Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$30,424Life insurance assets
$113All other assets
$25,570Total liabilities and capital
$25,495Total liabilities
$21,025Total deposits
$25,495Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$16Trading liabilities
$0Other borrowed funds
$59Subordinated debt
$4,854All other liabilities
$4,854Total equity capital
$4,854Total bank equity capital
$0Perpetual preferred stock
$61Common stock
$1,039Surplus
$3,754Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$74Long-term assets (5+ years)
$25,858Average Assets, year-to-date
$737Average Assets, quarterly
$30,204Volatile liabilities
$29,640Insider loans
$9,545FHLB advances
$29,417Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,829Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,185Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$570Total interest income
$172Total interest expense
$398Net interest income
$12Provision for loan and lease losses
$274Total noninterest income
$0Fiduciary activities
$30Service charges on deposit accounts
$0Trading account gains & fees
$244Additional noninterest income
$487Total noninterest expense
$287Salaries and employee benefits
$23Premises and equipment expense
$177Additional noninterest expense
$173Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$173Income before extraordinary items
$0Extraordinary gains - net
$173Net income attributable to bank
$0Net charge-offs
$173Cash dividends
$0Sale, conversion, retirement of capital stock, net
$304Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.02%Yield on earning assets
0.61%Cost of funding earning assets
1.41%Net interest margin
0.97%Noninterest income to earning assets
1.73%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.57%Pretax return on assets
3.55%Return on equity (ROE)
-2.69%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
72,470Assets per employee
6.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
175.72%Loss allowance to loans
4.68%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
27.59%Net loans and leases to core deposits
28.17%Equity capital to assets
15.95%Core capital (leverage) ratio
16.42%Tier 1 risk-based capital ratio
50.59%Total risk-based capital ratio
Memoranda
$52Average assets
$30,204Average earning assets
$4,877Average equity
$28,231Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7035
Security State Bank Of Oklee
201 Main Street, Oklee, MN 56742
January 01, 1934
Full Service Brick and Mortar
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