Security Bank & Trust Company in Glencoe, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Security Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 15324
    Status: Active
    Federal Reserve ID: 1001059
    Bank Holding Company (Regulatory Top Holder): Security Bancshares Co. (RSSDID: 1124789, Location: Glencoe, MN)
    Date Established: October 12, 1935
    WWW: http://www.security-banks.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 9660
    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: December 16, 1935
    Last Structure Change Effective Date: June 30, 2006
    Last Structure Change Process Date: Febuary 06, 2007
    Last Data Update: Febuary 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 735 11th Street East, Glencoe, MN 55336
    County: Mcleod
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    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): Hutchinson, MN (#26780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $237.2 mil
    Equity capital: $20.5 mil
    Deposits held in domestic offices: $211.7 mil
    Return on assets (ROA): 1.37% ($3.2 mil)
    Quarterly return on assets: 1.95% ($4.6 mil)
    Return on Equity (ROE): 15.89% ($3.2 mil)
    Quarterly return on equity: 22.31% ($4.5 mil)
    Net income: $3.2 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.37% ($3,249.9 mil)
    Quarterly Pretax return on assets: 1.95% ($4,625.7 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
  • 48Total employees (full-time equivalent)
  • $237,216Total assets
  • $24,738Cash and due from depository institutions
  • $20,000Interest-bearing balances
  • $67,587Securities
  • $2,622Federal funds sold & reverse repurchase agreements
  • $132,493Net loans & leases
  • $3,306Loan loss allowance
  • $0Trading account assets
  • $3,297Bank premises and fixed assets
  • $4,346Other real estate owned
  • $0Goodwill and other intangibles
  • $237,216Life insurance assets
  • $2,133All other assets
  • $216,763Total liabilities and capital
  • $211,685Total liabilities
  • $188,998Total deposits
  • $211,685Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 4775.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $303Subordinated debt
  • $20,453All other liabilities
  • $20,453Total equity capital
  • $20,453Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $14,400Surplus
  • $5,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $366Income earned, not collected on loans
  • $0Earning assets
  • $1,479Long-term assets (5+ years)
  • $222,702Average Assets, year-to-date
  • $37,859Average Assets, quarterly
  • $232,985Volatile liabilities
  • $237,697Insider loans
  • $163,350FHLB advances
  • $236,303Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,534Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,577Restructured Loans and leases
  • $62Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,365Total interest income
  • $2,398Total interest expense
  • $7,967Net interest income
  • $560Provision for loan and lease losses
  • $2,063Total noninterest income
  • $1,208Fiduciary activities
  • $280Service charges on deposit accounts
  • $0Trading account gains & fees
  • $575Additional noninterest income
  • $6,057Total noninterest expense
  • $2,410Salaries and employee benefits
  • $693Premises and equipment expense
  • $2,954Additional noninterest expense
  • $3,413Pre-tax net operating income
  • -$223Securities gains (losses)
  • $5Applicable income taxes
  • $3,185Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,185Net income attributable to bank
  • $0Net charge-offs
  • $3,185Cash dividends
  • $481Sale, conversion, retirement of capital stock, net
  • $1,700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 15.89%Return on equity (ROE)
  • 7.41%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 116.42%Credit loss provision to net charge-offs
  • 8.26%Efficiency ratio
  • 60,389Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.38%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 903.28%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 62.59%Net loans and leases to core deposits
  • 65.90%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 11.96%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $232,985Average earning assets
  • $20,046Average equity
  • $219,282Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $204,515Managed Assets
  • 1Number of Accounts
  • $198,677Personal trust and agency accounts
  • $130,257Employee benefit-defined contribution accounts
  • $24,616Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $20,181Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $23,623Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 377Number of Accounts
  • $0Personal trust and agency accounts
  • $20,134Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,838Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,131Fiduciary accounts held in foreign offices

List of branches

  • 7 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09660Security Bank & Trust Company735 11th Street East, Glencoe, MN 55336October 12, 1935Full Service Brick and Mortar
    1233691Detached Facility8 Third Street Southwest, Plato, MN 55370September 16, 1980Limited Service Facility
    2233692East End Detached Facility2202 11th Street East, Glencoe, MN 55336December 07, 1981Limited Service Facility
    4233694Limited Trust Service Branch539 South Elm Street, Waconia, MN 55387December 04, 1989Limited Service Trust
    51047Brownton Branch128 Fourth Avenue, Brownton, MN 55312April 19, 1892Full Service Brick and Mortar
    6420143Limited Trust Service7101 West 78th Street, Bloomington, MN 55420April 02, 2003Limited Service Trust
    7426558New Auburn Branch7422 Seventh Avenue, New Auburn, MN 55366March 15, 2004Full Service Brick and Mortar

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