FDIC Certificate #: 18378 Status: Active Federal Reserve ID: 211851 Bank Holding Company (Regulatory Top Holder): Wanamingo Bancshares, Inc. (RSSDID: 1135271, Location: Wanamingo, MN) Date Established: December 05, 1917 WWW:http://www.ssbwanamingo.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) OTS Docket #: 14737 FDIC's unique #: 12288 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: April 27, 1961 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: 232 Main Street, Wanamingo, MN 55983 County: Goodhue 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 Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Red Wing, MN (#39860) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $72.1 mil Equity capital: $7.2 mil Deposits held in domestic offices: $54.4 mil Return on assets (ROA): 1.48% ($1.1 mil) Quarterly return on assets: 1.32% ($1.0 mil) Return on Equity (ROE): 15.00% ($1.1 mil) Quarterly return on equity: 13.14% ($0.9 mil) Net income: $1.0 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.48% ($1,067.7 mil) Quarterly Pretax return on assets: 1.32% ($952.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$72,142Total assets
$7,069Cash and due from depository institutions
$4,186Interest-bearing balances
$13,939Securities
$1,525Federal funds sold & reverse repurchase agreements
$47,300Net loans & leases
$880Loan loss allowance
$0Trading account assets
$325Bank premises and fixed assets
$492Other real estate owned
$0Goodwill and other intangibles
$72,142Life insurance assets
$1,492All other assets
$64,952Total liabilities and capital
$54,427Total liabilities
$43,053Total deposits
$54,427Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,441Trading liabilities
$0Other borrowed funds
$84Subordinated debt
$7,190All other liabilities
$7,190Total equity capital
$7,190Total bank equity capital
$0Perpetual preferred stock
$120Common stock
$4,130Surplus
$2,940Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$351Income earned, not collected on loans
$0Earning assets
$570Long-term assets (5+ years)
$66,950Average Assets, year-to-date
$23,017Average Assets, quarterly
$69,233Volatile liabilities
$71,067Insider loans
$54,295FHLB advances
$72,473Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,747Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,331Restructured Loans and leases
$823Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,648Total interest income
$1,055Total interest expense
$2,593Net interest income
$102Provision for loan and lease losses
$169Total noninterest income
$0Fiduciary activities
$115Service charges on deposit accounts
$0Trading account gains & fees
$54Additional noninterest income
$1,633Total noninterest expense
$1,075Salaries and employee benefits
$185Premises and equipment expense
$373Additional noninterest expense
$1,027Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$1,026Income before extraordinary items
$0Extraordinary gains - net
$1,026Net income attributable to bank
$0Net charge-offs
$1,026Cash dividends
$65Sale, conversion, retirement of capital stock, net
$700Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.54%Yield on earning assets
1.60%Cost of funding earning assets
3.94%Net interest margin
0.26%Noninterest income to earning assets
2.48%Noninterest expense to earning assets
1.48%Net operating income to assets
1.48%Return on assets (ROA)
1.48%Pretax return on assets
15.00%Return on equity (ROE)
4.77%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
156.92%Credit loss provision to net charge-offs
17.37%Efficiency ratio
59,124Assets per employee
5.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.23%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
250.71%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
0.73%Net loans and leases to deposits
86.91%Net loans and leases to core deposits
88.98%Equity capital to assets
9.97%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
12.43%Total risk-based capital ratio
Memoranda
$14Average assets
$69,233Average earning assets
$6,839Average equity
$65,831Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
12288
Security State Bank Of Wanamingo
232 Main Street, Wanamingo, MN 55983
December 05, 1917
Full Service Brick and Mortar
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