Security National Bank of South Dakota in Dakota Dunes, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security National Bank of South Dakota - Overview

  • General
  • FDIC Certificate #: 34394
    Status: Active
    Federal Reserve ID: 2529176
    Bank Holding Company (Regulatory Top Holder): Security National Corporation (RSSDID: 1200348, Location: Dakota Dunes, SD)
    Date Established: May 01, 1997
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 57157
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 01, 1997
    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: 325 Dakota Dunes Blvd, Dakota Dunes, SD 57049
    County: Union
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $145.3 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $133.2 mil
    Return on assets (ROA): 0.82% ($1.2 mil)
    Quarterly return on assets: 0.68% ($1.0 mil)
    Return on Equity (ROE): 11.08% ($1.2 mil)
    Quarterly return on equity: 9.08% ($1.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.22% ($1,772.8 mil)
    Quarterly Pretax return on assets: 1.14% ($1,656.6 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
  • 24Total employees (full-time equivalent)
  • $145,315Total assets
  • $28,509Cash and due from depository institutions
  • $27,340Interest-bearing balances
  • $60,074Securities
  • $2,508Federal funds sold & reverse repurchase agreements
  • $45,436Net loans & leases
  • $1,302Loan loss allowance
  • $0Trading account assets
  • $7,283Bank premises and fixed assets
  • $176Other real estate owned
  • $0Goodwill and other intangibles
  • $145,314Life insurance assets
  • $1,329All other assets
  • $134,558Total liabilities and capital
  • $133,228Total liabilities
  • $117,223Total deposits
  • $133,228Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 781.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $549Subordinated debt
  • $10,756All other liabilities
  • $10,756Total equity capital
  • $10,756Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $6,000Surplus
  • $4,256Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $397Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5Income earned, not collected on loans
  • $0Earning assets
  • $432Long-term assets (5+ years)
  • $135,358Average Assets, year-to-date
  • $41,641Average Assets, quarterly
  • $137,449Volatile liabilities
  • $142,384Insider loans
  • $62,477FHLB advances
  • $141,157Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,312Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,789Restructured Loans and leases
  • $2,689Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,066Total interest income
  • $1,590Total interest expense
  • $2,476Net interest income
  • $0Provision for loan and lease losses
  • $2,431Total noninterest income
  • $1,952Fiduciary activities
  • $420Service charges on deposit accounts
  • $0Trading account gains & fees
  • $59Additional noninterest income
  • $3,235Total noninterest expense
  • $1,589Salaries and employee benefits
  • $589Premises and equipment expense
  • $1,057Additional noninterest expense
  • $1,672Pre-tax net operating income
  • $0Securities gains (losses)
  • $551Applicable income taxes
  • $1,121Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,121Net income attributable to bank
  • $0Net charge-offs
  • $1,121Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.19%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 1.94%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 11.08%Return on equity (ROE)
  • 11.08%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 209.00%Efficiency ratio
  • 65,926Assets per employee
  • 6.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 26040.00%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 34.10%Net loans and leases to core deposits
  • 34.64%Equity capital to assets
  • 7.40%Core capital (leverage) ratio
  • 7.31%Tier 1 risk-based capital ratio
  • 16.51%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $137,449Average earning assets
  • $10,118Average equity
  • $127,492Average 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
  • $354,912Managed Assets
  • 1Number of Accounts
  • $309,851Personal trust and agency accounts
  • $190,521Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $25,595Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $84,018Other fiduciary accounts
  • $9,717Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 388Number of Accounts
  • $0Personal trust and agency accounts
  • $25,595Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $45,061Other retirement accounts
  • $38,401Corporate trust and agency accounts
  • $478Other fiduciary accounts
  • $6,182Fiduciary accounts held in foreign offices

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057157Security National Bank Of South Dako325 Dakota Dunes Blvd, Dakota Dunes, SD 57049May 01, 1997Full Service Brick and Mortar
    246228626th Street Branch4621 West 26th Street, Sioux Falls, SD 57106March 12, 2007Full Service Brick and Mortar
    346407074th And Louise Branch6601 South Louise Avenue, Sioux Falls, SD 57108April 04, 2007Full Service Brick and Mortar

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