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


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

  • General
  • FDIC Certificate #: 15734
    Status: Active
    Federal Reserve ID: 811747
    Bank Holding Company (Regulatory Top Holder): Larch Bancorporation Inc. (RSSDID: 1206658, Location: Larchwood, IA)
    Date Established: June 14, 1920
    WWW: http://www.ssbia.net
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: Yes)
    OTS Docket #: 14078
    FDIC's unique #: 9991
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 04, 1940
    Last Structure Change Effective Date: April 16, 2007
    Last Structure Change Process Date: June 01, 2007
    Last Data Update: June 01, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 430 Holder Street, Larchwood, IA 51241
    County: Lyon
    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: Western
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $150.5 mil
    Equity capital: $17.3 mil
    Deposits held in domestic offices: $120.5 mil
    Return on assets (ROA): 1.66% ($2.5 mil)
    Quarterly return on assets: 1.84% ($2.8 mil)
    Return on Equity (ROE): 14.63% ($2.5 mil)
    Quarterly return on equity: 16.13% ($2.7 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.73% ($2,604.3 mil)
    Quarterly Pretax return on assets: 1.91% ($2,875.3 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
  • 32Total employees (full-time equivalent)
  • $150,539Total assets
  • $9,882Cash and due from depository institutions
  • $5,806Interest-bearing balances
  • $7,118Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $121,626Net loans & leases
  • $1,571Loan loss allowance
  • $0Trading account assets
  • $3,267Bank premises and fixed assets
  • $0Other real estate owned
  • $3,587Goodwill and other intangibles
  • $150,539Life insurance assets
  • $5,059All other assets
  • $133,258Total liabilities and capital
  • $120,536Total liabilities
  • $96,074Total deposits
  • $120,536Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 442.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $1,280Subordinated debt
  • $17,281All other liabilities
  • $17,281Total equity capital
  • $17,281Total bank equity capital
  • $0Perpetual preferred stock
  • $291Common stock
  • $9,040Surplus
  • $7,950Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $999Income earned, not collected on loans
  • $0Earning assets
  • $2,107Long-term assets (5+ years)
  • $134,550Average Assets, year-to-date
  • $11,919Average Assets, quarterly
  • $147,040Volatile liabilities
  • $149,870Insider loans
  • $127,481FHLB advances
  • $146,921Loans and leases held for sale
  • $1,908Unused loan commitments
  • $1,908Tier 1 (core) risk-based capital
  • $13,633Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,526Restructured Loans and leases
  • $236Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,289Total interest income
  • $1,528Total interest expense
  • $5,761Net interest income
  • $450Provision for loan and lease losses
  • $406Total noninterest income
  • $2Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $205Additional noninterest income
  • $3,175Total noninterest expense
  • $1,999Salaries and employee benefits
  • $374Premises and equipment expense
  • $802Additional noninterest expense
  • $2,542Pre-tax net operating income
  • -$1Securities gains (losses)
  • $93Applicable income taxes
  • $2,448Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,448Net income attributable to bank
  • $0Net charge-offs
  • $2,448Cash dividends
  • $350Sale, conversion, retirement of capital stock, net
  • $1,576Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.67%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 14.63%Return on equity (ROE)
  • 5.21%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 128.57%Credit loss provision to net charge-offs
  • 8.55%Efficiency ratio
  • 51,484Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.38%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 157.26%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 100.90%Net loans and leases to core deposits
  • 104.67%Equity capital to assets
  • 11.48%Core capital (leverage) ratio
  • 9.28%Tier 1 risk-based capital ratio
  • 10.69%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $147,040Average earning assets
  • $16,735Average equity
  • $132,123Average 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
  • $6,645Managed Assets
  • 1Number of Accounts
  • $677Personal trust and agency accounts
  • $677Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 96Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,968Other retirement accounts
  • $466Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $5,502Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09991Security Savings Bank430 Holder Street, Larchwood, IA 51241June 14, 1920Full Service Brick and Mortar
    110442Inwood Branch402 South Main Street, Inwood, IA 51240April 02, 1945Full Service Brick and Mortar
    29289George Branch100 S. Main Street, George, IA 51237November 01, 1934Full Service Brick and Mortar
  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3526959Security Savings Bank Canton, South Dakota100 West Road, Canton, SD 57013November 21, 2011Full Service Brick and Mortar

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