Security State Bank in Basin, Wyoming (WY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank - Overview

  • General
  • FDIC Certificate #: 12592
    Status: Active
    Federal Reserve ID: 955959
    Bank Holding Company (Regulatory Top Holder): Financial Security Corporation (RSSDID: 1060850, Location: Basin, WY)
    Date Established: June 01, 1929
    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 #: 15341
    FDIC's unique #: 7996
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 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: 201 South Fourth Street, Basin, WY 82410
    County: Big Horn
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Billings
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $303.4 mil
    Equity capital: $28.5 mil
    Deposits held in domestic offices: $256.7 mil
    Return on assets (ROA): 1.05% ($3.2 mil)
    Quarterly return on assets: 1.21% ($3.7 mil)
    Return on Equity (ROE): 11.23% ($3.1 mil)
    Quarterly return on equity: 12.96% ($3.6 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.50% ($4,551.1 mil)
    Quarterly Pretax return on assets: 1.74% ($5,279.3 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
  • 63Total employees (full-time equivalent)
  • $303,410Total assets
  • $27,866Cash and due from depository institutions
  • $25,835Interest-bearing balances
  • $84,039Securities
  • $2,900Federal funds sold & reverse repurchase agreements
  • $172,144Net loans & leases
  • $2,414Loan loss allowance
  • $0Trading account assets
  • $7,488Bank premises and fixed assets
  • $190Other real estate owned
  • $0Goodwill and other intangibles
  • $303,409Life insurance assets
  • $8,783All other assets
  • $274,935Total liabilities and capital
  • $256,746Total liabilities
  • $239,823Total deposits
  • $256,746Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 10718.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,704Trading liabilities
  • $0Other borrowed funds
  • $1,767Subordinated debt
  • $28,474All other liabilities
  • $28,474Total equity capital
  • $28,474Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $11,723Surplus
  • $16,676Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,733Income earned, not collected on loans
  • $0Earning assets
  • $1,630Long-term assets (5+ years)
  • $284,918Average Assets, year-to-date
  • $111,946Average Assets, quarterly
  • $290,758Volatile liabilities
  • $300,721Insider loans
  • $196,213FHLB advances
  • $305,823Loans and leases held for sale
  • $5,098Unused loan commitments
  • $3,072Tier 1 (core) risk-based capital
  • $27,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,026Total unused commitments
  • $30,406Restructured Loans and leases
  • $305Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,310Total interest income
  • $2,955Total interest expense
  • $10,355Net interest income
  • $340Provision for loan and lease losses
  • $1,191Total noninterest income
  • $0Fiduciary activities
  • $311Service charges on deposit accounts
  • $0Trading account gains & fees
  • $880Additional noninterest income
  • $6,845Total noninterest expense
  • $3,871Salaries and employee benefits
  • $1,033Premises and equipment expense
  • $1,941Additional noninterest expense
  • $4,361Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,309Applicable income taxes
  • $3,052Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,052Net income attributable to bank
  • $0Net charge-offs
  • $3,052Cash dividends
  • $123Sale, conversion, retirement of capital stock, net
  • $852Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 11.23%Return on equity (ROE)
  • 8.10%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 276.42%Credit loss provision to net charge-offs
  • 38.22%Efficiency ratio
  • 59,285Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.92%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 88.33%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 67.05%Net loans and leases to core deposits
  • 73.44%Equity capital to assets
  • 9.38%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 14.10%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $290,758Average earning assets
  • $27,174Average equity
  • $269,566Average loans

List of branches

  • 4 Wyoming Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07996Security State Bank201 South Fourth Street, Basin, WY 82410June 01, 1929Full Service Brick and Mortar
    13570082124 South Douglas Highway Branch2124 South Douglas Highway, Gillette, WY 82718January 03, 2000Full Service Brick and Mortar
    2358626320 North 10th Branch320 North 10th, Worland, WY 82401November 29, 1999Full Service Brick and Mortar
    34548892070 Coffeen Ave2070 Coffeen Ave, Sheridan, WY 82801August 28, 2006Full Service Brick and Mortar

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