Security National Bank in Laurel, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security National Bank - Overview

  • General
  • FDIC Certificate #: 5424
    Status: Active
    Federal Reserve ID: 566056
    Bank Holding Company (Regulatory Top Holder): First Laurel Security Co. (RSSDID: 1051009, Location: Laurel, NE)
    Date Established: March 06, 1928
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 3669
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural 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: 202 East Second Street, Laurel, NE 68745
    County: Cedar
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $166.1 mil
    Equity capital: $17.4 mil
    Deposits held in domestic offices: $148.0 mil
    Return on assets (ROA): 1.45% ($2.4 mil)
    Quarterly return on assets: 1.19% ($2.0 mil)
    Return on Equity (ROE): 12.80% ($2.2 mil)
    Quarterly return on equity: 10.73% ($1.8 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.49% ($2,475.5 mil)
    Quarterly Pretax return on assets: 1.22% ($2,026.9 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
  • 45Total employees (full-time equivalent)
  • $166,139Total assets
  • $6,493Cash and due from depository institutions
  • $21Interest-bearing balances
  • $36,300Securities
  • $22,770Federal funds sold & reverse repurchase agreements
  • $93,057Net loans & leases
  • $1,778Loan loss allowance
  • $0Trading account assets
  • $2,088Bank premises and fixed assets
  • $237Other real estate owned
  • $791Goodwill and other intangibles
  • $166,139Life insurance assets
  • $4,403All other assets
  • $148,756Total liabilities and capital
  • $147,972Total liabilities
  • $111,779Total deposits
  • $147,972Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $486Trading liabilities
  • $0Other borrowed funds
  • $298Subordinated debt
  • $17,383All other liabilities
  • $17,383Total equity capital
  • $17,383Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,809Surplus
  • $12,474Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $40Income earned, not collected on loans
  • $0Earning assets
  • $2,551Long-term assets (5+ years)
  • $152,148Average Assets, year-to-date
  • $29,577Average Assets, quarterly
  • $150,157Volatile liabilities
  • $158,288Insider loans
  • $119,603FHLB advances
  • $154,409Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,020Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,118Restructured Loans and leases
  • $40Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,412Total interest income
  • $1,311Total interest expense
  • $6,101Net interest income
  • $250Provision for loan and lease losses
  • $1,537Total noninterest income
  • $0Fiduciary activities
  • $820Service charges on deposit accounts
  • $0Trading account gains & fees
  • $717Additional noninterest income
  • $5,254Total noninterest expense
  • $2,978Salaries and employee benefits
  • $485Premises and equipment expense
  • $1,791Additional noninterest expense
  • $2,134Pre-tax net operating income
  • $104Securities gains (losses)
  • $62Applicable income taxes
  • $2,176Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,176Net income attributable to bank
  • $0Net charge-offs
  • $2,176Cash dividends
  • $74Sale, conversion, retirement of capital stock, net
  • $1,425Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 4.40%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 12.80%Return on equity (ROE)
  • 4.42%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 337.84%Credit loss provision to net charge-offs
  • 32.22%Efficiency ratio
  • 67,596Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.49%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 4445.00%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 62.89%Net loans and leases to core deposits
  • 65.77%Equity capital to assets
  • 10.46%Core capital (leverage) ratio
  • 10.38%Tier 1 risk-based capital ratio
  • 13.39%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $150,157Average earning assets
  • $17,003Average equity
  • $138,708Average loans

List of branches

  • 5 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03669Security National Bank202 East Second Street, Laurel, NE 68745March 06, 1928Full Service Brick and Mortar
    110576Allen Branch101 West Second Street, Allen, NE 68710January 03, 1944Full Service Brick and Mortar
    210343Osmond BranchMain Street, Osmond, NE 68765November 19, 1938Full Service Brick and Mortar
    3365638Hartington Branch102 North Broadway, Hartington, NE 68739September 23, 2002Full Service Brick and Mortar
    43639The Coleridge National Bank Branch101 West Broadway, Coleridge, NE 68727September 17, 1902Full Service Brick and Mortar

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