Security Savings Bank in Gowrie, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Security Savings Bank in Gowrie, Iowa (IA)
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Security Savings Bank - Overview

  • General
  • FDIC Certificate #: 14208
    Status: Active
    Federal Reserve ID: 616540
    Bank Holding Company (Regulatory Top Holder): Security Financial, Inc. (RSSDID: 2339928, Location: Farnhamville, IA)
    Date Established: April 18, 1914
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15663
    FDIC's unique #: 8873
    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 06, 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: 1015 Market, Gowrie, IA 50543
    County: Webster
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Fort Dodge, IA (#22700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $100.8 mil
    Equity capital: $9.0 mil
    Deposits held in domestic offices: $86.6 mil
    Return on assets (ROA): 1.33% ($1.3 mil)
    Quarterly return on assets: 1.53% ($1.5 mil)
    Return on Equity (ROE): 16.43% ($1.5 mil)
    Quarterly return on equity: 17.40% ($1.6 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.40% ($1,410.8 mil)
    Quarterly Pretax return on assets: 1.62% ($1,632.5 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
  • 30Total employees (full-time equivalent)
  • $100,773Total assets
  • $2,583Cash and due from depository institutions
  • $151Interest-bearing balances
  • $41,401Securities
  • $701Federal funds sold & reverse repurchase agreements
  • $51,715Net loans & leases
  • $544Loan loss allowance
  • $0Trading account assets
  • $904Bank premises and fixed assets
  • $92Other real estate owned
  • $109Goodwill and other intangibles
  • $100,773Life insurance assets
  • $3,268All other assets
  • $91,755Total liabilities and capital
  • $86,619Total liabilities
  • $74,155Total deposits
  • $86,619Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 1000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,136Subordinated debt
  • $9,018All other liabilities
  • $9,018Total equity capital
  • $9,018Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $1,000Surplus
  • $7,618Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $103Income earned, not collected on loans
  • $0Earning assets
  • $988Long-term assets (5+ years)
  • $93,968Average Assets, year-to-date
  • $38,988Average Assets, quarterly
  • $97,162Volatile liabilities
  • $98,775Insider loans
  • $60,351FHLB advances
  • $98,913Loans and leases held for sale
  • $1,578Unused loan commitments
  • $1,578Tier 1 (core) risk-based capital
  • $7,962Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,191Restructured Loans and leases
  • $369Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,270Total interest income
  • $1,132Total interest expense
  • $3,138Net interest income
  • $270Provision for loan and lease losses
  • $533Total noninterest income
  • $0Fiduciary activities
  • $313Service charges on deposit accounts
  • $0Trading account gains & fees
  • $220Additional noninterest income
  • $2,369Total noninterest expense
  • $1,478Salaries and employee benefits
  • $198Premises and equipment expense
  • $693Additional noninterest expense
  • $1,032Pre-tax net operating income
  • $330Securities gains (losses)
  • $71Applicable income taxes
  • $1,291Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,291Net income attributable to bank
  • $0Net charge-offs
  • $1,291Cash dividends
  • $202Sale, conversion, retirement of capital stock, net
  • $127Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.63%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 16.43%Return on equity (ROE)
  • 14.81%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 133.66%Credit loss provision to net charge-offs
  • 6.45%Efficiency ratio
  • 64,533Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.84%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 528.16%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 59.70%Net loans and leases to core deposits
  • 63.60%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.05%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $97,162Average earning assets
  • $7,860Average equity
  • $90,161Average loans

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08873Security Savings Bank1015 Market, Gowrie, IA 50543April 18, 1914Full Service Brick and Mortar
    1219476Lehigh Branch116 Main Street, Lehigh, IA 50557Febuary 01, 1934Full Service Brick and Mortar
    28060Harcourt Branch127 South Ash Street, Harcourt, IA 50544June 26, 1905Full Service Brick and Mortar
    3231165Farnhamville Branch320 Garfield Avenue, Farnhamville, IA 50538December 09, 1996Full Service Brick and Mortar
    4189773Boxholm Branch200 Second Street, Boxholm, IA 50040December 28, 1934Full Service Brick and Mortar
    5465722Dayton Branch39 South Main St, Dayton, IA 50530April 01, 2007Full Service Brick and Mortar

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