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


  • Security State Bank of Warroad in Warroad, Minnesota (MN)
  • Show street view No street view available for this location
Security State Bank of Warroad routing number info

Security State Bank of Warroad - Overview

  • General
  • FDIC Certificate #: 9773
    Status: Active
    Federal Reserve ID: 868059
    Bank Holding Company (Regulatory Top Holder): Warroad Bancshares, Inc. (RSSDID: 1127986, Location: Warroad, MN)
    Date Established: September 13, 1912
    WWW: http://www.ssbwarroad.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6257
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 502 E Lake St, Warroad, MN 56763
    County: Roseau
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $82.7 mil
    Equity capital: $16.0 mil
    Deposits held in domestic offices: $66.5 mil
    Return on assets (ROA): 0.80% ($0.7 mil)
    Quarterly return on assets: 1.11% ($0.9 mil)
    Return on Equity (ROE): 4.19% ($0.7 mil)
    Quarterly return on equity: 5.87% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.14% ($942.6 mil)
    Quarterly Pretax return on assets: 1.17% ($967.4 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
  • 19Total employees (full-time equivalent)
  • $82,688Total assets
  • $6,324Cash and due from depository institutions
  • $1,440Interest-bearing balances
  • $30,142Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,637Net loans & leases
  • $1,056Loan loss allowance
  • $0Trading account assets
  • $204Bank premises and fixed assets
  • $564Other real estate owned
  • $0Goodwill and other intangibles
  • $82,688Life insurance assets
  • $817All other assets
  • $66,697Total liabilities and capital
  • $66,544Total liabilities
  • $52,327Total deposits
  • $66,544Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $153Subordinated debt
  • $15,991All other liabilities
  • $15,991Total equity capital
  • $15,991Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,950Surplus
  • $12,991Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,178Income earned, not collected on loans
  • $0Earning assets
  • $630Long-term assets (5+ years)
  • $76,219Average Assets, year-to-date
  • $10,723Average Assets, quarterly
  • $81,883Volatile liabilities
  • $83,593Insider loans
  • $56,273FHLB advances
  • $83,512Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,918Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,820Restructured Loans and leases
  • $718Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,569Total interest income
  • $468Total interest expense
  • $3,101Net interest income
  • $220Provision for loan and lease losses
  • $620Total noninterest income
  • $0Fiduciary activities
  • $366Service charges on deposit accounts
  • $0Trading account gains & fees
  • $254Additional noninterest income
  • $2,568Total noninterest expense
  • $1,700Salaries and employee benefits
  • $165Premises and equipment expense
  • $703Additional noninterest expense
  • $933Pre-tax net operating income
  • $0Securities gains (losses)
  • $281Applicable income taxes
  • $652Income before extraordinary items
  • $0Extraordinary gains - net
  • $652Net income attributable to bank
  • $0Net charge-offs
  • $652Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 4.19%Return on equity (ROE)
  • 4.19%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 236.56%Credit loss provision to net charge-offs
  • 12.40%Efficiency ratio
  • 69,014Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 89.64%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 2.58%Net loans and leases to deposits
  • 67.08%Net loans and leases to core deposits
  • 71.40%Equity capital to assets
  • 19.34%Core capital (leverage) ratio
  • 19.06%Tier 1 risk-based capital ratio
  • 28.29%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $81,883Average earning assets
  • $15,571Average equity
  • $72,142Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    06257Security State Bank Of Warroad502 E Lake St, Warroad, MN 56763September 13, 1912Full Service Brick and Mortar
    1272532Warroad Branch505 Lake Street Ne, Warroad, MN 56763July 01, 1934Limited Service Facility

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 Warroad.
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.
Table of Contents