Security Bank USA in Bemidji, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Bank USA - Overview

  • General
  • FDIC Certificate #: 1604
    Status: Active
    Federal Reserve ID: 950758
    Bank Holding Company (Regulatory Top Holder): Security State Bancshares Of Bemidji, Inc. (RSSDID: 1125496, Location: Bemidji, MN)
    Date Established: Febuary 07, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14181
    FDIC's unique #: 1048
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    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: 1025 Paul Bunyan Drive, N.W., Bemidji, MN 56601
    County: Beltrami
    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
    Core Based Statistical Area (CBSA): Bemidji, MN (#13420)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $106.3 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $92.7 mil
    Return on assets (ROA): 1.26% ($1.3 mil)
    Quarterly return on assets: 1.32% ($1.4 mil)
    Return on Equity (ROE): 13.74% ($1.4 mil)
    Quarterly return on equity: 13.98% ($1.4 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.26% ($1,339.8 mil)
    Quarterly Pretax return on assets: 1.32% ($1,403.6 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, 2011)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $106,333Total assets
  • $8,947Cash and due from depository institutions
  • $6,057Interest-bearing balances
  • $5,742Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,997Net loans & leases
  • $1,008Loan loss allowance
  • $0Trading account assets
  • $4,705Bank premises and fixed assets
  • $1,122Other real estate owned
  • $600Goodwill and other intangibles
  • $106,333Life insurance assets
  • $1,220All other assets
  • $96,147Total liabilities and capital
  • $92,673Total liabilities
  • $79,810Total deposits
  • $92,673Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 3186.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $288Subordinated debt
  • $10,186All other liabilities
  • $10,186Total equity capital
  • $10,186Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $5,880Surplus
  • $4,186Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $645Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,737Income earned, not collected on loans
  • $167Earning assets
  • $399Long-term assets (5+ years)
  • $95,796Average Assets, year-to-date
  • $12,927Average Assets, quarterly
  • $108,469Volatile liabilities
  • $108,492Insider loans
  • $89,822FHLB advances
  • $108,724Loans and leases held for sale
  • $52Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,102Tier 2 risk-based capital
  • $52Total risk weighted assets
  • $0Total unused commitments
  • $13,756Restructured Loans and leases
  • $905Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,033Total interest income
  • $825Total interest expense
  • $4,208Net interest income
  • $480Provision for loan and lease losses
  • $1,187Total noninterest income
  • $0Fiduciary activities
  • $407Service charges on deposit accounts
  • $0Trading account gains & fees
  • $780Additional noninterest income
  • $3,550Total noninterest expense
  • $1,776Salaries and employee benefits
  • $656Premises and equipment expense
  • $1,118Additional noninterest expense
  • $1,365Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $1,363Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,363Net income attributable to bank
  • $0Net charge-offs
  • $1,363Cash dividends
  • $618Sale, conversion, retirement of capital stock, net
  • $588Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.32%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 13.74%Return on equity (ROE)
  • 7.81%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 77.67%Credit loss provision to net charge-offs
  • 2.99%Efficiency ratio
  • 65,802Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.14%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 36.83%Noncurrent assets plus other real estate owned to assets
  • 3.63%Noncurrent loans to loans
  • 3.22%Net loans and leases to deposits
  • 90.64%Net loans and leases to core deposits
  • 94.01%Equity capital to assets
  • 9.58%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $108,469Average earning assets
  • $9,918Average equity
  • $97,487Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01048Security Bank Usa1025 Paul Bunyan Drive, N.W., Bemidji, MN 56601Febuary 07, 1910Full Service Brick and Mortar
    1189900Detached Facility104-106 Fourth Street, Bemidji, MN 56601December 22, 1975Limited Service Facility

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