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

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

  • General
  • FDIC Certificate #: 5795
    Status: Active
    Federal Reserve ID: 676245
    Bank Holding Company (Regulatory Top Holder): Dunn Investment Co. (RSSDID: 2558484, Location: Manchester, IA)
    Date Established: March 01, 1899
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14134
    FDIC's unique #: 3956
    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: January 01, 1934
    Last Structure Change Effective Date: Febuary 14, 2007
    Last Structure Change Process Date: Febuary 21, 2007
    Last Data Update: Febuary 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West Broadway, Eagle Grove, IA 50533
    County: Wright
    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
  • Financial Summary
  • Total assets: $119.4 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $95.3 mil
    Return on assets (ROA): 1.50% ($1.8 mil)
    Quarterly return on assets: 1.71% ($2.0 mil)
    Return on Equity (ROE): 18.17% ($2.0 mil)
    Quarterly return on equity: 19.01% ($2.1 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.58% ($1,886.6 mil)
    Quarterly Pretax return on assets: 1.79% ($2,137.3 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
  • 23Total employees (full-time equivalent)
  • $119,402Total assets
  • $3,090Cash and due from depository institutions
  • $847Interest-bearing balances
  • $31,753Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,237Net loans & leases
  • $1,180Loan loss allowance
  • $0Trading account assets
  • $712Bank premises and fixed assets
  • $0Other real estate owned
  • $230Goodwill and other intangibles
  • $119,402Life insurance assets
  • $2,380All other assets
  • $108,577Total liabilities and capital
  • $95,281Total liabilities
  • $81,525Total deposits
  • $95,281Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 428.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $868Subordinated debt
  • $10,825All other liabilities
  • $10,825Total equity capital
  • $10,825Total bank equity capital
  • $0Perpetual preferred stock
  • $255Common stock
  • $3,815Surplus
  • $6,755Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $314Income earned, not collected on loans
  • $0Earning assets
  • $978Long-term assets (5+ years)
  • $113,837Average Assets, year-to-date
  • $23,392Average Assets, quarterly
  • $115,965Volatile liabilities
  • $117,629Insider loans
  • $87,027FHLB advances
  • $120,696Loans and leases held for sale
  • $282Unused loan commitments
  • $282Tier 1 (core) risk-based capital
  • $9,261Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,989Restructured Loans and leases
  • $97Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,545Total interest income
  • $1,415Total interest expense
  • $4,130Net interest income
  • $120Provision for loan and lease losses
  • $398Total noninterest income
  • $7Fiduciary activities
  • $200Service charges on deposit accounts
  • $0Trading account gains & fees
  • $191Additional noninterest income
  • $2,578Total noninterest expense
  • $1,563Salaries and employee benefits
  • $277Premises and equipment expense
  • $738Additional noninterest expense
  • $1,830Pre-tax net operating income
  • $0Securities gains (losses)
  • $86Applicable income taxes
  • $1,744Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,744Net income attributable to bank
  • $0Net charge-offs
  • $1,744Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $303Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.35%Noninterest expense to earning assets
  • 1.50%Net operating income to assets
  • 1.50%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 18.17%Return on equity (ROE)
  • 15.01%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -4000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,935Assets per employee
  • 5.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.37%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 375.80%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 85.26%Net loans and leases to core deposits
  • 92.46%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 7.67%Tier 1 risk-based capital ratio
  • 10.64%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $115,965Average earning assets
  • $9,599Average equity
  • $109,862Average 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
  • $1,697Managed Assets
  • 1Number of Accounts
  • $1,240Personal trust and agency accounts
  • $1,240Employee 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
  • 63Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $457Other retirement accounts
  • $435Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $22Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03956Security Savings Bank201 West Broadway, Eagle Grove, IA 50533March 01, 1899Full Service Brick and Mortar
    1208189Drive-In Branch319 West Broadway, Eagle Grove, IA 50533December 23, 1966Limited Service Facility
    28571Goldfield Branch435 Main Street, Goldfield, IA 50542January 01, 1926Full Service Brick and Mortar
    3274219Clarion Branch322 Central Avenue East, Clarion, IA 50525January 01, 1934Full Service Brick and Mortar

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