Security Financial Bank in Durand, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Financial Bank - Overview

  • General
  • FDIC Certificate #: 14222
    Status: Active
    Federal Reserve ID: 450959
    Bank Holding Company (Regulatory Top Holder): Security Financial Services Corporation (RSSDID: 2848804, Location: Durand, WI)
    Date Established: April 06, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13893
    FDIC's unique #: 8879
    Numeric code: 13
    Regulator: FED
    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: April 10, 1934
    Last Structure Change Effective Date: December 25, 2007
    Last Structure Change Process Date: January 24, 2008
    Last Data Update: January 24, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 212 West Prospect Street, Durand, WI 54736
    County: Pepin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $314.9 mil
    Equity capital: $33.1 mil
    Deposits held in domestic offices: $213.8 mil
    Return on assets (ROA): 1.13% ($3.6 mil)
    Quarterly return on assets: 0.85% ($2.7 mil)
    Return on Equity (ROE): 11.80% ($3.9 mil)
    Quarterly return on equity: 8.21% ($2.7 mil)
    Net income: $3.4 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.13% ($3,558.7 mil)
    Quarterly Pretax return on assets: 0.86% ($2,708.4 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
  • 46Total employees (full-time equivalent)
  • $314,930Total assets
  • $7,987Cash and due from depository institutions
  • $4,125Interest-bearing balances
  • $120,919Securities
  • $3,860Federal funds sold & reverse repurchase agreements
  • $164,734Net loans & leases
  • $4,861Loan loss allowance
  • $0Trading account assets
  • $2,859Bank premises and fixed assets
  • $385Other real estate owned
  • $136Goodwill and other intangibles
  • $314,930Life insurance assets
  • $14,050All other assets
  • $281,844Total liabilities and capital
  • $213,830Total liabilities
  • $187,630Total deposits
  • $213,830Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 21240.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,000Trading liabilities
  • $0Other borrowed funds
  • $1,774Subordinated debt
  • $33,086All other liabilities
  • $33,086Total equity capital
  • $33,086Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $10,618Surplus
  • $21,268Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,274Income earned, not collected on loans
  • $0Earning assets
  • $1,178Long-term assets (5+ years)
  • $293,638Average Assets, year-to-date
  • $128,587Average Assets, quarterly
  • $305,712Volatile liabilities
  • $313,707Insider loans
  • $176,948FHLB advances
  • $313,323Loans and leases held for sale
  • $6,155Unused loan commitments
  • $4,642Tier 1 (core) risk-based capital
  • $30,763Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,513Total unused commitments
  • $20,465Restructured Loans and leases
  • $2,237Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,415Total interest income
  • $4,711Total interest expense
  • $8,704Net interest income
  • $1,450Provision for loan and lease losses
  • $1,427Total noninterest income
  • $0Fiduciary activities
  • $332Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,095Additional noninterest income
  • $6,558Total noninterest expense
  • $3,672Salaries and employee benefits
  • $603Premises and equipment expense
  • $2,283Additional noninterest expense
  • $2,123Pre-tax net operating income
  • $1,329Securities gains (losses)
  • $8Applicable income taxes
  • $3,444Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,444Net income attributable to bank
  • $0Net charge-offs
  • $3,444Cash dividends
  • $1,867Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 11.80%Return on equity (ROE)
  • 11.80%Retained earnings to average equity (YTD only)
  • 1.09%Net charge-offs to loans
  • 77.66%Credit loss provision to net charge-offs
  • 1.91%Efficiency ratio
  • 64,564Assets per employee
  • 6.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.87%Loss allowance to noncurrent loans
  • 58.75%Noncurrent assets plus other real estate owned to assets
  • 2.75%Noncurrent loans to loans
  • 4.88%Net loans and leases to deposits
  • 77.04%Net loans and leases to core deposits
  • 94.51%Equity capital to assets
  • 10.51%Core capital (leverage) ratio
  • 9.82%Tier 1 risk-based capital ratio
  • 17.39%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $305,712Average earning assets
  • $29,194Average equity
  • $284,627Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,338Managed Assets
  • 1Number of Accounts
  • $1,338Personal trust and agency accounts
  • $1,338Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08879Security Financial Bank212 West Prospect Street, Durand, WI 54736April 06, 1934Full Service Brick and Mortar
    1439716River Falls Branch1561 Commerce Court, River Falls, WI 54022April 04, 2005Full Service Brick and Mortar
    2488144Eau Claire Branch3430 Oakwood Mall Drive Suite 200, Eau Claire, WI 54701Febuary 02, 2009Full Service Brick and Mortar

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