Security State Bank in Alexandria, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Security State Bank in Alexandria, South Dakota (SD)
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Security State Bank - Overview

  • General
  • FDIC Certificate #: 16448
    Status: Active
    Federal Reserve ID: 270652
    Date Established: July 01, 1946
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10615
    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: July 01, 1946
    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: 450 Main St, Alexandria, SD 57311
    County: Hanson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mitchell, SD (#33580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $71.3 mil
    Equity capital: $7.4 mil
    Deposits held in domestic offices: $60.1 mil
    Return on assets (ROA): 0.95% ($0.7 mil)
    Quarterly return on assets: 0.82% ($0.6 mil)
    Return on Equity (ROE): 8.83% ($0.6 mil)
    Quarterly return on equity: 7.85% ($0.5 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.00% ($712.5 mil)
    Quarterly Pretax return on assets: 0.87% ($619.9 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
  • 15Total employees (full-time equivalent)
  • $71,250Total assets
  • $2,574Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,897Securities
  • $1,100Federal funds sold & reverse repurchase agreements
  • $37,047Net loans & leases
  • $214Loan loss allowance
  • $0Trading account assets
  • $664Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $71,250Life insurance assets
  • $968All other assets
  • $63,840Total liabilities and capital
  • $60,148Total liabilities
  • $51,139Total deposits
  • $60,148Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 3500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $192Subordinated debt
  • $7,410All other liabilities
  • $7,410Total equity capital
  • $7,410Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $3,550Surplus
  • $3,710Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $64Income earned, not collected on loans
  • $0Earning assets
  • $800Long-term assets (5+ years)
  • $67,044Average Assets, year-to-date
  • $22,145Average Assets, quarterly
  • $68,944Volatile liabilities
  • $71,361Insider loans
  • $42,604FHLB advances
  • $73,003Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,410Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,333Restructured Loans and leases
  • $625Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,245Total interest income
  • $996Total interest expense
  • $2,249Net interest income
  • $8Provision for loan and lease losses
  • $90Total noninterest income
  • $0Fiduciary activities
  • $32Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $1,641Total noninterest expense
  • $914Salaries and employee benefits
  • $241Premises and equipment expense
  • $486Additional noninterest expense
  • $690Pre-tax net operating income
  • $0Securities gains (losses)
  • $35Applicable income taxes
  • $655Income before extraordinary items
  • $0Extraordinary gains - net
  • $655Net income attributable to bank
  • $0Net charge-offs
  • $655Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $482Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 8.83%Return on equity (ROE)
  • 2.33%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 27.59%Credit loss provision to net charge-offs
  • 24.07%Efficiency ratio
  • 70,158Assets per employee
  • 4.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.59%Loss allowance to loans
  • 0.57%Loss allowance to noncurrent loans
  • 334.38%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 61.59%Net loans and leases to core deposits
  • 63.35%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 10.15%Tier 1 risk-based capital ratio
  • 17.39%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $68,944Average earning assets
  • $7,415Average equity
  • $65,427Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010615Security State Bank450 Main St, Alexandria, SD 57311July 01, 1946Full Service Brick and Mortar
    1238096Spencer BranchMain Street, Spencer, SD 57374August 12, 1967Full Service Brick and Mortar
    2238097Montrose BranchMain Street, Montrose, SD 57048March 09, 1977Full Service Brick and Mortar

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