Security First Bank in Lincoln, Nebraska (NE), SD



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Security First Bank
GeneralFDIC Certificate #: 5415
Status: Active
Federal Reserve ID: 276850
Bank Holding Company (Regulatory Top Holder): Stockmens Limited Partnership (RSSDID: 3796902, Location: Rapid City, SD)
Date Established: July 01, 1924
WWW: http://www.security1stbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 33 (Domestic: 33, Interstate: Yes)
OTS Docket #: 13873
FDIC's unique #: 3660
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: January 01, 1934
Last Structure Change Effective Date: Febuary 02, 2010
Last Structure Change Process Date: Febuary 19, 2010
Last Data Update: Febuary 19, 2010
Data Source Date: April 05, 2012
LocationAddress: 5505 Red Rock Lane, Lincoln, NE 68516
County: Lancaster
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Lincoln, NE (#4360)
Core Based Statistical Area (CBSA): Lincoln, NE (#30700)
CBSA Metro Statistical Area: Lincoln, NE (#30700)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $829.2 mil
Equity capital: $73.1 mil
Deposits held in domestic offices: $644.3 mil
Return on assets (ROA): 0.67% ($5.6 mil)
Quarterly return on assets: 0.73% ($6.1 mil)
Return on Equity (ROE): 6.79% ($5.0 mil)
Quarterly return on equity: 7.84% ($5.7 mil)
Net income: $5.3 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 0.86% ($7,130.9 mil)
Quarterly Pretax return on assets: 0.79% ($6,550.5 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)
Total employees (full-time equivalent)243
Total assets$829,180
Cash and due from depository institutions$33,466
Interest-bearing balances$7,929
Securities$332,219
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$399,801
Loan loss allowance $8,292
Trading account assets$0
Bank premises and fixed assets$22,302
Other real estate owned$917
Goodwill and other intangibles$16,152
All other assets$24,323
Life insurance assets$829,180
Total liabilities and capital$756,041
Total liabilities$644,281
Total deposits$517,880
Interest-bearing deposits$644,281
Deposits held in domestic offices$86
% insured (estimated)3856.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$104,389
Other borrowed funds $0
Subordinated debt $3,515
All other liabilities $73,139
Total equity capital$73,139
Total bank equity capital$73,139
Perpetual preferred stock$0
Common stock$2,000
Surplus$53,102
Undivided profits $18,037
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $886
Income earned, not collected on loans $5,144
Earning assets $334
Long-term assets (5+ years) $5,550
Average Assets, year-to-date $739,949
Average Assets, quarterly $215,972
Volatile liabilities $800,464
Insider loans $802,548
FHLB advances $525,288
Loans and leases held for sale $779,858
Unused loan commitments $4,435
Tier 1 (core) risk-based capital $2,338
Tier 2 risk-based capital $55,410
Total risk weighted assets $0
Total unused commitments $2,097
Restructured Loans and leases $82,600
Derivatives$8,272
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $29,974
Total interest expense $7,127
Net interest income $22,847
Provision for loan and lease losses $600
Total noninterest income $8,977
Fiduciary activities $99
Service charges on deposit accounts $1,982
Trading account gains & fees $0
Additional noninterest income $6,896
Total noninterest expense $25,408
Salaries and employee benefits $13,315
Premises and equipment expense $3,549
Additional noninterest expense $8,544
Pre-tax net operating income $5,816
Securities gains (losses) $1,068
Applicable income taxes $1,539
Income before extraordinary items $5,345
Extraordinary gains - net $0
Net income attributable to bank $5,345
Net charge-offs $0
Cash dividends $5,345
Sale, conversion, retirement of capital stock, net $717
Net operating income $20,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.19%
Cost of funding earning assets 1.00%
Net interest margin 3.19%
Noninterest income to earning assets 1.26%
Noninterest expense to earning assets 3.55%
Net operating income to assets 0.56%
Return on assets (ROA) 0.67%
Pretax return on assets 0.86%
Return on equity (ROE) 6.79%
Retained earnings to average equity (YTD only) -18.62%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 83.68%
Efficiency ratio8.95%
Assets per employee$77,146
Cash dividends to net income (YTD only)3.41%
Condition Ratios (%)
Loss allowance to loans 374.18%
Loss allowance to noncurrent loans 2.03%
Noncurrent assets plus other real estate owned to assets 161.20%
Noncurrent loans to loans 0.73%
Net loans and leases to deposits1.26%
Net loans and leases to core deposits 62.05%
Equity capital to assets 67.80%
Core capital (leverage) ratio 8.82%
Tier 1 risk-based capital ratio 7.11%
Total risk-based capital ratio 10.55%
Memoranda
Average assets$12
Average earning assets$800,464
Average equity $78,710
Average loans $715,146
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$11,545
Number of Accounts1
Personal trust and agency accounts$11,535
Employee benefit-defined contribution accounts$11,535
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts24
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$10
Corporate trust and agency accounts$10
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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28 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03660Security First Bank5505 Red Rock Lane, Lincoln, NE 68516July 01, 1924Full Service Brick and Mortar
111191Harrison BranchMain And Third Streets, Harrison, NE 69346November 15, 1952Full Service Brick and Mortar
38982Crawford Branch403 Second Street, Crawford, NE 69339March 27, 1927Full Service Brick and Mortar
546673Cozad Branch818 Avenue F, Cozad, NE 69130November 30, 1990Full Service Brick and Mortar
63700Overton BranchMain Street, Overton, NE 68863April 12, 1930Full Service Brick and Mortar
75324Elwood Branch201 Smith Avenue, Elwood, NE 68937September 01, 1910Full Service Brick and Mortar
9243394Lincoln Branch8260 Northwoods Drive, Lincoln, NE 68505October 04, 1991Full Service Brick and Mortar
11243396Van Dorn Branch4811 Van Dorn, Lincoln, NE 68506May 13, 1997Full Service Brick and Mortar
12243397Garret Lane Branch1300 Garret Lane, Lincoln, NE 68512November 12, 1997Full Service Brick and Mortar
133702Rushville Branch102 East Second Street, Rushville, NE 69360September 01, 1898Full Service Brick and Mortar
143663Hay Springs Branch231 North Main, Hay Springs, NE 69347January 01, 1886Full Service Brick and Mortar
16207748Retail Center Branch110 East Second Street, Rushville, NE 69360March 31, 1998Limited Service Loan Production
17207749Mobile Branch101 East Second Street, Rushville, NE 69360March 28, 1998Limited Service Mobile
181340Cody Branch104 East Nebraska Avenue, Cody, NE 69211January 01, 1800Full Service Brick and Mortar
195328Merriman BranchMain Street, Merriman, NE 69218September 25, 1900Full Service Brick and Mortar
207066Thedford Branch502 Main Street, Thedford, NE 69166Febuary 17, 1917Full Service Brick and Mortar
22431158Security First Bank Teller Express4811 Van Dorn, Lincoln, NE 68506June 30, 2004Limited Service Mobile
26448002Sidney Branch1205 Jackson Street, Sidney, NE 69162Febuary 15, 2006Full Service Brick and Mortar
273632The First National Bank & Trust Comp120 North Sixth Street, Beatrice, NE 68310May 12, 1877Full Service Brick and Mortar
28207637Auto Bank Branch1900 East Court Street, Beatrice, NE 68310July 08, 1974Limited Service Facility
2948189Clatonia Branch160 Washington Street, Clatonia, NE 68328Febuary 25, 1994Full Service Brick and Mortar
30290137Cortland Branch525 Highway 77, Cortland, NE 68331November 04, 1996Full Service Brick and Mortar
318583Blue Springs Branch101 East Broad Street, Blue Springs, NE 68318April 05, 1901Full Service Brick and Mortar
32365913Villa Branch2211 Sunset Drive, Beatrice, NE 68310January 13, 2003Limited Service Facility
33444526North 6th Street Branch2301 North 6th Street, Beatrice, NE 68310July 11, 2005Full Service Brick and Mortar
34456849Lincoln Branch5710 South 53rd Street, Lincoln, NE 68516November 06, 2006Full Service Brick and Mortar
353717Valentine Branch253 North Main, Valentine, NE 69201January 01, 1902Full Service Brick and Mortar
36526488Security First Bank, Chadron Branch342 Main Street, Chadron, NE 69337October 31, 2011Full Service Brick and Mortar
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5 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
154105Martin Branch401 Third Avenue, Martin, SD 57551July 19, 1919Full Service Brick and Mortar
21426726Rapid City Branch501 Quincy Street, Rapid City, SD 57702January 20, 2004Full Service Brick and Mortar
23432880Security First Bank - Operations Cen1540 Samco Road, Rapid City, SD 57702December 20, 2004Full Service Brick and Mortar
24433881Security First Bank Teller Express1540 Samco Road, Suite B, Rapid City, SD 57702December 20, 2004Limited Service Mobile
25441961Sheridan Lake Branch5430 Sheridan Lake Rd., Rapid City, SD 57702November 02, 2004Full Service Brick and Mortar
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