Security National Bank of South Dakota in Dakota Dunes, South Dakota (SD)

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Security National Bank of South Dakota
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)24
Total assets$145,315
Cash and due from depository institutions$28,509
Interest-bearing balances$27,340
Federal funds sold & reverse repurchase agreements$2,508
Net loans & leases$45,436
Loan loss allowance $1,302
Trading account assets$0
Bank premises and fixed assets$7,283
Other real estate owned$176
Goodwill and other intangibles$0
All other assets$1,329
Life insurance assets$145,314
Total liabilities and capital$134,558
Total liabilities$133,228
Total deposits$117,223
Interest-bearing deposits$133,228
Deposits held in domestic offices$95
% insured (estimated)781.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $549
All other liabilities $10,756
Total equity capital$10,756
Total bank equity capital$10,756
Perpetual preferred stock$0
Common stock$500
Undivided profits $4,256
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $397
Income earned, not collected on loans $5
Earning assets $0
Long-term assets (5+ years) $432
Average Assets, year-to-date $135,358
Average Assets, quarterly $41,641
Volatile liabilities $137,449
Insider loans $142,384
FHLB advances $62,477
Loans and leases held for sale $141,157
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,312
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,789
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,066
Total interest expense $1,590
Net interest income $2,476
Provision for loan and lease losses $0
Total noninterest income $2,431
Fiduciary activities $1,952
Service charges on deposit accounts $420
Trading account gains & fees $0
Additional noninterest income $59
Total noninterest expense $3,235
Salaries and employee benefits $1,589
Premises and equipment expense $589
Additional noninterest expense $1,057
Pre-tax net operating income $1,672
Securities gains (losses) $0
Applicable income taxes $551
Income before extraordinary items $1,121
Extraordinary gains - net $0
Net income attributable to bank $1,121
Net charge-offs $0
Cash dividends $1,121
Sale, conversion, retirement of capital stock, net $8
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.19%
Cost of funding earning assets 1.25%
Net interest margin 1.94%
Noninterest income to earning assets 1.91%
Noninterest expense to earning assets 2.54%
Net operating income to assets 0.82%
Return on assets (ROA) 0.82%
Pretax return on assets 1.22%
Return on equity (ROE) 11.08%
Retained earnings to average equity (YTD only) 11.08%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio209.00%
Assets per employee$65,926
Cash dividends to net income (YTD only)6.05%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.79%
Noncurrent assets plus other real estate owned to assets 26040.00%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.01%
Net loans and leases to core deposits 34.10%
Equity capital to assets 34.64%
Core capital (leverage) ratio 7.40%
Tier 1 risk-based capital ratio 7.31%
Total risk-based capital ratio 16.51%
Average assets$18
Average earning assets$137,449
Average equity $10,118
Average loans $127,492
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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$354,912
Number of Accounts1
Personal trust and agency accounts$309,851
Employee benefit-defined contribution accounts$190,521
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$25,595
Investment management agency accounts$0
Other fiduciary accounts$84,018
Fiduciary accounts held in foreign offices$9,717
Non-managed Assets$0
Number of Accounts388
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$25,595
Employee benefit-defined benefit accounts$0
Other retirement accounts$45,061
Corporate trust and agency accounts$38,401
Other fiduciary accounts$478
Fiduciary accounts held in foreign offices$6,182
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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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