Security State Bank in Centralia, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Security State Bank in Centralia, Washington (WA)
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Security State Bank - Overview

  • General
  • FDIC Certificate #: 13232
    Status: Active
    Federal Reserve ID: 111979
    Bank Holding Company (Regulatory Top Holder): Security State Corporation (RSSDID: 2572024, Location: Centralia, WA)
    Date Established: December 26, 1903
    WWW: http://www.ssbwa.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 9431
    FDIC's unique #: 8369
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    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: 1930 South Gold Street, Centralia, WA 98531
    County: Lewis
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Centralia, WA (#16500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $338.0 mil
    Equity capital: $39.1 mil
    Deposits held in domestic offices: $292.5 mil
    Return on assets (ROA): 0.32% ($1.1 mil)
    Quarterly return on assets: 0.12% ($0.4 mil)
    Return on Equity (ROE): 2.83% ($1.1 mil)
    Quarterly return on equity: 1.07% ($0.4 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.32% ($1,081.5 mil)
    Quarterly Pretax return on assets: 0.12% ($405.5 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
  • 102Total employees (full-time equivalent)
  • $337,956Total assets
  • $112,214Cash and due from depository institutions
  • $104,061Interest-bearing balances
  • $15,034Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $191,071Net loans & leases
  • $8,157Loan loss allowance
  • $0Trading account assets
  • $3,044Bank premises and fixed assets
  • $4,293Other real estate owned
  • $1,389Goodwill and other intangibles
  • $337,956Life insurance assets
  • $10,911All other assets
  • $298,880Total liabilities and capital
  • $292,501Total liabilities
  • $237,410Total deposits
  • $292,501Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 3636.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $382Trading liabilities
  • $0Other borrowed funds
  • $2,361Subordinated debt
  • $39,076All other liabilities
  • $39,076Total equity capital
  • $39,076Total bank equity capital
  • $0Perpetual preferred stock
  • $792Common stock
  • $11,083Surplus
  • $27,201Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,834Income earned, not collected on loans
  • $630Earning assets
  • $592Long-term assets (5+ years)
  • $310,166Average Assets, year-to-date
  • $70,614Average Assets, quarterly
  • $341,503Volatile liabilities
  • $340,757Insider loans
  • $202,809FHLB advances
  • $339,775Loans and leases held for sale
  • $7,094Unused loan commitments
  • $7,094Tier 1 (core) risk-based capital
  • $37,562Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,073Restructured Loans and leases
  • $4,616Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,016Total interest income
  • $1,455Total interest expense
  • $12,561Net interest income
  • $4,320Provision for loan and lease losses
  • $2,978Total noninterest income
  • $408Fiduciary activities
  • $2,015Service charges on deposit accounts
  • $0Trading account gains & fees
  • $555Additional noninterest income
  • $10,122Total noninterest expense
  • $5,372Salaries and employee benefits
  • $1,139Premises and equipment expense
  • $3,611Additional noninterest expense
  • $1,097Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,097Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,097Net income attributable to bank
  • $0Net charge-offs
  • $1,097Cash dividends
  • $4,979Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 2.83%Return on equity (ROE)
  • 2.83%Retained earnings to average equity (YTD only)
  • 2.40%Net charge-offs to loans
  • 86.76%Credit loss provision to net charge-offs
  • 1.09%Efficiency ratio
  • 65,139Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.09%Loss allowance to noncurrent loans
  • 139.82%Noncurrent assets plus other real estate owned to assets
  • 3.00%Noncurrent loans to loans
  • 2.93%Net loans and leases to deposits
  • 65.32%Net loans and leases to core deposits
  • 66.39%Equity capital to assets
  • 11.56%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 18.52%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $341,503Average earning assets
  • $38,744Average equity
  • $313,313Average 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
  • $100,925Managed Assets
  • 1Number of Accounts
  • $58,345Personal trust and agency accounts
  • $57,779Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $566Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 288Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $42,580Other retirement accounts
  • $24,756Corporate trust and agency accounts
  • $4,163Other fiduciary accounts
  • $11,057Fiduciary accounts held in foreign offices

List of branches

  • 13 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08369Security State Bank1930 South Gold Street, Centralia, WA 98531December 26, 1903Full Service Brick and Mortar
    1229352West Centralia Branch1231 Harrison Ave, Centralia, WA 98531November 21, 1970Full Service Brick and Mortar
    3229354Motor Plaza Branch443 North Market Blvd, Chehalis, WA 98532March 19, 1973Limited Service Facility
    4229355South Chehalis Branch1451 South Market Boulevard, Chehalis, WA 98532July 01, 1982Full Service Brick and Mortar
    5229356Morton Branch245 South Second Street, Morton, WA 98356December 05, 1983Full Service Brick and Mortar
    6229357Winlock Branch206 East Walnut Street, Winlock, WA 98596August 07, 1997Full Service Retail
    7229358Rochester Branch10333 Highway 12 Sw, Rochester, WA 98579November 03, 1997Full Service Retail
    8418911Chehalis Main Branch442 Nw Chehalis Ave., Chehalis, WA 98532September 24, 1984Full Service Brick and Mortar
    9430079Airport Branch1431 Nw Louisiana Avenue, Chehalis, WA 98532June 21, 2004Full Service Brick and Mortar
    1014995Raymond Branch221 Commercial Street, Raymond, WA 98577July 01, 1974Full Service Brick and Mortar
    11253208South Bend Branch111 Central Avenue, South Bend, WA 98586June 01, 1977Full Service Brick and Mortar
    12253209Grayland Branch853 Hart Street, Grayland, WA 98547June 01, 1981Full Service Brick and Mortar
    13253210Pe Ell118 North Main Street, Pe Ell, WA 98572January 11, 1999Full Service Brick and Mortar

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