Cedar Security Bank in Fordyce, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches


Cedar Security Bank - Overview

  • General
  • FDIC Certificate #: 25591
    Status: Active
    Federal Reserve ID: 550653
    Bank Holding Company (Regulatory Top Holder): Cedar Financial Holding, Inc. (RSSDID: 1398861, Location: Fordyce, NE)
    Date Established: September 04, 1984
    WWW: http://www.cedarsecurity.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13036
    FDIC's unique #: 17530
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: September 04, 1984
    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: 117 Main Street, Fordyce, NE 68736
    County: Cedar
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $40.4 mil
    Equity capital: $4.7 mil
    Deposits held in domestic offices: $33.7 mil
    Return on assets (ROA): 1.10% ($0.4 mil)
    Quarterly return on assets: 1.00% ($0.4 mil)
    Return on Equity (ROE): 9.30% ($0.5 mil)
    Quarterly return on equity: 8.51% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.60% ($646.2 mil)
    Quarterly Pretax return on assets: 1.37% ($553.3 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)
  • $40,386Total assets
  • $5,805Cash and due from depository institutions
  • $3,052Interest-bearing balances
  • $3,090Securities
  • $1,021Federal funds sold & reverse repurchase agreements
  • $29,152Net loans & leases
  • $443Loan loss allowance
  • $0Trading account assets
  • $225Bank premises and fixed assets
  • $64Other real estate owned
  • $0Goodwill and other intangibles
  • $40,386Life insurance assets
  • $1,029All other assets
  • $35,641Total liabilities and capital
  • $33,736Total liabilities
  • $25,869Total deposits
  • $33,736Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,675Trading liabilities
  • $0Other borrowed funds
  • $230Subordinated debt
  • $4,745All other liabilities
  • $4,745Total equity capital
  • $4,745Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $1,480Surplus
  • $3,145Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $572Income earned, not collected on loans
  • $0Earning assets
  • $490Long-term assets (5+ years)
  • $36,315Average Assets, year-to-date
  • $4,678Average Assets, quarterly
  • $38,201Volatile liabilities
  • $40,140Insider loans
  • $36,644FHLB advances
  • $37,818Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,732Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,087Restructured Loans and leases
  • $924Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,893Total interest income
  • $348Total interest expense
  • $1,545Net interest income
  • $24Provision for loan and lease losses
  • $243Total noninterest income
  • $0Fiduciary activities
  • $165Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $1,152Total noninterest expense
  • $641Salaries and employee benefits
  • $188Premises and equipment expense
  • $323Additional noninterest expense
  • $612Pre-tax net operating income
  • $0Securities gains (losses)
  • $190Applicable income taxes
  • $422Income before extraordinary items
  • $0Extraordinary gains - net
  • $422Net income attributable to bank
  • $0Net charge-offs
  • $422Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 9.30%Return on equity (ROE)
  • 9.30%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -2400.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,430Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 77.45%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 1.93%Net loans and leases to deposits
  • 86.41%Net loans and leases to core deposits
  • 86.41%Equity capital to assets
  • 11.75%Core capital (leverage) ratio
  • 12.51%Tier 1 risk-based capital ratio
  • 12.91%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $38,201Average earning assets
  • $4,535Average equity
  • $34,601Average loans

Bank Assets Sold and Securitized (December 31, 2009)

  • Dollar figures in thousands

List of branches

  • 3 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017530Cedar Security Bank117 Main Street, Fordyce, NE 68736September 04, 1984Full Service Brick and Mortar
    1258073Wynot Branch411 St James Ave, Wynot, NE 68792September 04, 1984Full Service Brick and Mortar
    2258074Hartington Branch309 S Robinson Ave, Hartington, NE 68739July 01, 1996Full Service Brick and Mortar

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