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

This bank is inactive as of August 20, 2011

  • Security State Bank in Guttenberg, Iowa (IA)
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Security State Bank - Overview

  • General
  • FDIC Certificate #: 15914
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Peoples State Bank (#12814)
    Federal Reserve ID: 787440
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 15914
    FDIC's unique #: 10146
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 01, 1942
    Last Structure Change Effective Date: August 20, 2011
    Last Structure Change Process Date: August 31, 2011
    Last Data Update: August 31, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 Goethe, Guttenberg, IA 52052
    County: Clayton
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $91.0 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, 2010)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $89,855Total assets
  • $3,697Cash and due from depository institutions
  • $2,460Interest-bearing balances
  • $31,178Securities
  • $3,861Federal funds sold & reverse repurchase agreements
  • $45,025Net loans & leases
  • $556Loan loss allowance
  • $0Trading account assets
  • $740Bank premises and fixed assets
  • $0Other real estate owned
  • $3,914Goodwill and other intangibles
  • $316Life insurance assets
  • $1,440All other assets
  • $89,855Total liabilities and capital
  • $78,425Total liabilities
  • $75,247Total deposits
  • $66,867Interest-bearing deposits
  • $75,247Deposits held in domestic offices
  • 87.97%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,887Other borrowed funds
  • $0Subordinated debt
  • $291All other liabilities
  • $11,430Total equity capital
  • $11,430Total bank equity capital
  • $11,430Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $6,335Undivided profits
  • Memoranda
  • $4,895Noncurrent loans and leases
  • $4,346Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $349Earning assets
  • $0Long-term assets (5+ years)
  • $469Average Assets, year-to-date
  • $82,524Average Assets, quarterly
  • $23,399Volatile liabilities
  • $88,055Insider loans
  • $89,981FHLB advances
  • $14,970Loans and leases held for sale
  • $723Unused loan commitments
  • $2,887Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,346Total unused commitments
  • $0Restructured Loans and leases
  • $556Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,988Total interest income
  • $1,237Total interest expense
  • $2,751Net interest income
  • $197Provision for loan and lease losses
  • $250Total noninterest income
  • $2Fiduciary activities
  • $168Service charges on deposit accounts
  • $0Trading account gains & fees
  • $80Additional noninterest income
  • $1,442Total noninterest expense
  • $794Salaries and employee benefits
  • $70Premises and equipment expense
  • $578Additional noninterest expense
  • $1,362Pre-tax net operating income
  • $0Securities gains (losses)
  • $68Applicable income taxes
  • $1,294Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,294Net income attributable to bank
  • $0Net charge-offs
  • $1,294Cash dividends
  • $206Sale, conversion, retirement of capital stock, net
  • $1,400Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 1.79%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 10.74%Return on equity (ROE)
  • -0.88%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 95.63%Credit loss provision to net charge-offs
  • 7.57%Efficiency ratio
  • 48,051Assets per employee
  • 6.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 108.19%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 159.31%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 59.84%Net loans and leases to core deposits
  • 74.70%Equity capital to assets
  • 12.72%Core capital (leverage) ratio
  • 8.26%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $88,055Average earning assets
  • $12,044Average equity
  • $80,562Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $666Managed Assets
  • 1Number of Accounts
  • $264Personal trust and agency accounts
  • $264Employee 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
  • 50Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $402Other retirement accounts
  • $402Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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