Security Bank, Madison, South Dakota in city_name, state_name

Security Bank, Madison, South Dakota in Madison, South Dakota (SD)
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Security Bank, Madison, South Dakota - Overview

General
FDIC Certificate #: 16220
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Great Western Bank (#15289)
Federal Reserve ID: 110758
Date Established: January 02, 1945
WWW: http://www.bankingwithsecurity.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11144
FDIC's unique #: 10419
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 02, 1945
Last Structure Change Effective Date: Febuary 04, 2006
Last Structure Change Process Date: Febuary 13, 2006
Last Data Update: Febuary 13, 2006
Data Source Date: April 05, 2012
Location
Address: 325 N.E. Second Street, Madison, SD 57042
County: Lake
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $138.6 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, 2005)

Dollar figures in thousands
72Total employees (full-time equivalent)
$138,581Total assets
$4,737Cash and due from depository institutions
$181Interest-bearing balances
$2,153Securities
$0Federal funds sold & reverse repurchase agreements
$115,629Net loans & leases
$780Loan loss allowance
$0Trading account assets
$9,556Bank premises and fixed assets
$100Other real estate owned
$2,879Goodwill and other intangibles
$0Life insurance assets
$3,527All other assets
$138,582Total liabilities and capital
$126,712Total liabilities
$122,173Total deposits
$102,317Interest-bearing deposits
$122,173Deposits held in domestic offices
0.00%% insured (estimated)
$1,175Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,246Other borrowed funds
$0Subordinated debt
$1,118All other liabilities
$11,870Total equity capital
$11,870Total bank equity capital
$11,870Perpetual preferred stock
$0Common stock
$151Surplus
$10,406Undivided profits
Memoranda
$1,313Noncurrent loans and leases
$29,611Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$211Earning assets
$0Long-term assets (5+ years)
$785Average Assets, year-to-date
$117,963Average Assets, quarterly
$26,436Volatile liabilities
$138,065Insider loans
$141,743FHLB advances
$25,610Loans and leases held for sale
$41Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$2,900Tier 2 risk-based capital
$2,496Total risk weighted assets
$29,611Total unused commitments
$0Restructured Loans and leases
$780Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$8,412Total interest income
$2,871Total interest expense
$5,541Net interest income
$1,275Provision for loan and lease losses
$4,447Total noninterest income
$0Fiduciary activities
$241Service charges on deposit accounts
$0Trading account gains & fees
$4,206Additional noninterest income
$7,536Total noninterest expense
$4,882Salaries and employee benefits
$861Premises and equipment expense
$1,793Additional noninterest expense
$1,177Pre-tax net operating income
$0Securities gains (losses)
$45Applicable income taxes
$1,132Income before extraordinary items
$0Extraordinary gains - net
$1,132Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,490Sale, conversion, retirement of capital stock, net
$1,900Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.24%Yield on earning assets
2.47%Cost of funding earning assets
4.77%Net interest margin
3.83%Noninterest income to earning assets
6.49%Noninterest expense to earning assets
0.82%Net operating income to assets
0.82%Return on assets (ROA)
0.85%Pretax return on assets
8.89%Return on equity (ROE)
-6.03%Retained earnings to average equity (YTD only)
1.31%Net charge-offs to loans
85.57%Credit loss provision to net charge-offs
1.65%Efficiency ratio
75,451Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
167.84%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
369.67%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.18%Net loans and leases to deposits
94.64%Net loans and leases to core deposits
115.93%Equity capital to assets
8.57%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
9.66%Total risk-based capital ratio
Memoranda
$10Average assets
$138,065Average earning assets
$12,739Average equity
$116,194Average loans

Security Bank, Madison, South Dakota in Madison, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Bank, Madison, South Dakota - Overview

Assets and Liabilities (December 31, 2005)

Income and Expense (December 31, 2005)

Performance and Condition Ratios (December 31, 2005)

Comment about this bank, ask questions, or add new information about it:

Security Bank, Madison, South Dakota in Madison, South Dakota (SD)Overview, Financial Summary, Detailed Financial Reports, Branches

Security Bank, Madison, South Dakota - Overview

Assets and Liabilities (December 31, 2005)

Income and Expense (December 31, 2005)

Performance and Condition Ratios (December 31, 2005)

Comment about this bank, ask questions, or add new information about it:

Security Bank, Madison, South Dakota in Madison, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches