Security State Bank in city_name, state_name - Detailed Financial Reports, Location

Security State Bank in Waverly, Iowa (IA)
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Security State Bank routing number info

Security State Bank - Overview

General
FDIC Certificate #: 15738
Status: Active
Federal Reserve ID: 306140
Bank Holding Company (Regulatory Top Holder): Fayette Bancorporation (RSSDID: 1204355, Location: Marion, IA)
Date Established: April 23, 1940
WWW: http://www.securitystateonline.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 9993
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 23, 1940
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: 933 16th Street, Southwest, Waverly, IA 50677
County: Bremer
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $75.5 mil
Equity capital: $7.8 mil
Deposits held in domestic offices: $58.9 mil
Return on assets (ROA): 1.23% ($0.9 mil)
Quarterly return on assets: 1.01% ($0.8 mil)
Return on Equity (ROE): 12.78% ($1.0 mil)
Quarterly return on equity: 9.44% ($0.8 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.30% ($981.6 mil)
Quarterly Pretax return on assets: 1.06% ($800.4 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
13Total employees (full-time equivalent)
$75,508Total assets
$12,127Cash and due from depository institutions
$8,241Interest-bearing balances
$23,035Securities
$4,350Federal funds sold & reverse repurchase agreements
$32,492Net loans & leases
$384Loan loss allowance
$0Trading account assets
$1,822Bank premises and fixed assets
$320Other real estate owned
$0Goodwill and other intangibles
$75,508Life insurance assets
$1,362All other assets
$67,665Total liabilities and capital
$58,927Total liabilities
$48,310Total deposits
$58,927Interest-bearing deposits
$74Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,500Trading liabilities
$0Other borrowed funds
$238Subordinated debt
$7,843All other liabilities
$7,843Total equity capital
$7,843Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$1,000Surplus
$6,793Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$45Income earned, not collected on loans
$0Earning assets
$666Long-term assets (5+ years)
$68,118Average Assets, year-to-date
$17,376Average Assets, quarterly
$74,184Volatile liabilities
$73,018Insider loans
$43,621FHLB advances
$75,087Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,023Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,082Restructured Loans and leases
$54Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,036Total interest income
$763Total interest expense
$2,273Net interest income
$0Provision for loan and lease losses
$198Total noninterest income
$1Fiduciary activities
$107Service charges on deposit accounts
$0Trading account gains & fees
$90Additional noninterest income
$1,509Total noninterest expense
$834Salaries and employee benefits
$347Premises and equipment expense
$328Additional noninterest expense
$962Pre-tax net operating income
$0Securities gains (losses)
$49Applicable income taxes
$913Income before extraordinary items
$0Extraordinary gains - net
$913Net income attributable to bank
$0Net charge-offs
$913Cash dividends
$2Sale, conversion, retirement of capital stock, net
$760Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
1.11%Cost of funding earning assets
3.31%Net interest margin
0.29%Noninterest income to earning assets
2.20%Noninterest expense to earning assets
1.23%Net operating income to assets
1.23%Return on assets (ROA)
1.30%Pretax return on assets
12.78%Return on equity (ROE)
2.14%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
481.00%Efficiency ratio
61,068Assets per employee
5.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.24%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
853.33%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.14%Net loans and leases to deposits
55.14%Net loans and leases to core deposits
55.14%Equity capital to assets
10.39%Core capital (leverage) ratio
9.35%Tier 1 risk-based capital ratio
16.10%Total risk-based capital ratio
Memoranda
$17Average assets
$74,184Average earning assets
$7,145Average equity
$68,705Average 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
$238Managed Assets
1Number of Accounts
$238Personal trust and agency accounts
$238Employee 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
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9993	Security State Bank	933 16th Street, Southwest, Waverly, IA 50677	April 23, 1940	Full Service Brick and Mortar
1	235105	Shell Rock Branch	104 N. Cherry, Shell Rock, IA 50670	January 04, 1993	Full Service Brick and Mortar
2	452310	Security State Bank Branch	607 6th St. South, Springville, IA 52336	November 26, 2004	Full Service Brick and Mortar

Security State Bank in Waverly, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Security State Bank in Waverly, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Security State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Security State Bank in Waverly, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches