Security State Bank in Ladysmith, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1993

  • Security State Bank in Ladysmith, Wisconsin (WI)
  • Show street view No street view available for this location

Security State Bank - Overview

  • General
  • FDIC Certificate #: 13026
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidAmerica Bank North (#15115)
    Federal Reserve ID: 520151
    Date Established: March 29, 1927
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 8232
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 01, 1993
    Last Structure Change Process Date: October 07, 1993
    Last Data Update: October 07, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Miner Avenue East, Ladysmith, WI 54848
    County: Rusk
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $37.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $40,335Cash and due from depository institutions
  • $3,480Interest-bearing balances
  • $637Securities
  • $21,760Federal funds sold & reverse repurchase agreements
  • $725Net loans & leases
  • $13,776Loan loss allowance
  • $148Trading account assets
  • $0Bank premises and fixed assets
  • $255Other real estate owned
  • $22Goodwill and other intangibles
  • $317Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $40,335Total liabilities
  • $36,653Total deposits
  • $36,309Interest-bearing deposits
  • $30,477Deposits held in domestic offices
  • 36309.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $344Total equity capital
  • $344Total bank equity capital
  • $3,682Perpetual preferred stock
  • $0Common stock
  • $420Surplus
  • $2,580Undivided profits
  • Memoranda
  • $682Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $101Income earned, not collected on loans
  • $83Earning assets
  • $36,898Long-term assets (5+ years)
  • $156Average Assets, year-to-date
  • $39,166Average Assets, quarterly
  • $39,247Volatile liabilities
  • $718Insider loans
  • $103FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,184Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,682Total risk weighted assets
  • $17,884Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,572Total interest expense
  • $1,118Net interest income
  • $1,454Provision for loan and lease losses
  • $12Total noninterest income
  • $201Fiduciary activities
  • $0Service charges on deposit accounts
  • $138Trading account gains & fees
  • $0Additional noninterest income
  • $63Total noninterest expense
  • $1,139Salaries and employee benefits
  • $477Premises and equipment expense
  • $226Additional noninterest expense
  • $436Pre-tax net operating income
  • $504Securities gains (losses)
  • $200Applicable income taxes
  • $246Income before extraordinary items
  • $458Extraordinary gains - net
  • $0Net income attributable to bank
  • $458Net charge-offs
  • $2Cash dividends
  • $453Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.98%Cost of funding earning assets
  • 3.03%Net interest margin
  • 3.94%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 3.09%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.80%Return on equity (ROE)
  • 12.86%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 600.00%Efficiency ratio
  • 68,822Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.91%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 146.53%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 37.94%Net loans and leases to core deposits
  • 38.71%Equity capital to assets
  • 9.13%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 20.59%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $39,166Average earning assets
  • $3,563Average equity
  • $36,858Average loans

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