Security State Bank in Alexandria, South Dakota (SD)
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 15 |
| Total assets | $71,250 |
| Cash and due from depository institutions | $2,574 |
| Interest-bearing balances | $0 |
| Securities | $28,897 |
| Federal funds sold & reverse repurchase agreements | $1,100 |
| Net loans & leases | $37,047 |
| Loan loss allowance | $214 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $664 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $968 |
| Life insurance assets | $71,250 |
| Total liabilities and capital | $63,840 |
| Total liabilities | $60,148 |
| Total deposits | $51,139 |
| Interest-bearing deposits | $60,148 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 3500.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $192 |
| All other liabilities | $7,410 |
| Total equity capital | $7,410 |
| Total bank equity capital | $7,410 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $3,550 |
| Undivided profits | $3,710 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $64 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $800 |
| Average Assets, year-to-date | $67,044 |
| Average Assets, quarterly | $22,145 |
| Volatile liabilities | $68,944 |
| Insider loans | $71,361 |
| FHLB advances | $42,604 |
| Loans and leases held for sale | $73,003 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $7,410 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,333 |
| Derivatives | $625 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,245 |
| Total interest expense | $996 |
| Net interest income | $2,249 |
| Provision for loan and lease losses | $8 |
| Total noninterest income | $90 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $32 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $58 |
| Total noninterest expense | $1,641 |
| Salaries and employee benefits | $914 |
| Premises and equipment expense | $241 |
| Additional noninterest expense | $486 |
| Pre-tax net operating income | $690 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $35 |
| Income before extraordinary items | $655 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $655 |
| Net charge-offs | $0 |
| Cash dividends | $655 |
| Sale, conversion, retirement of capital stock, net | $29 |
| Net operating income | $482 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.96% |
| Cost of funding earning assets | 1.52% |
| Net interest margin | 3.44% |
| Noninterest income to earning assets | 0.14% |
| Noninterest expense to earning assets | 2.51% |
| Net operating income to assets | 0.95% |
| Return on assets (ROA) | 0.95% |
| Pretax return on assets | 1.00% |
| Return on equity (ROE) | 8.83% |
| Retained earnings to average equity (YTD only) | 2.33% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 27.59% |
| Efficiency ratio | 24.07% |
| Assets per employee | $70,158 |
| Cash dividends to net income (YTD only) | 4.75% |
| Condition Ratios (%) | |
| Loss allowance to loans | 73.59% |
| Loss allowance to noncurrent loans | 0.57% |
| Noncurrent assets plus other real estate owned to assets | 334.38% |
| Noncurrent loans to loans | 0.09% |
| Net loans and leases to deposits | 0.17% |
| Net loans and leases to core deposits | 61.59% |
| Equity capital to assets | 63.35% |
| Core capital (leverage) ratio | 10.40% |
| Tier 1 risk-based capital ratio | 10.15% |
| Total risk-based capital ratio | 17.39% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $68,944 |
| Average equity | $7,415 |
| Average loans | $65,427 |
| 3 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10615 | Security State Bank | 450 Main St, Alexandria, SD 57311 | July 01, 1946 | Full Service Brick and Mortar |  |
| 1 | 238096 | Spencer Branch | Main Street, Spencer, SD 57374 | August 12, 1967 | Full Service Brick and Mortar |  |
| 2 | 238097 | Montrose Branch | Main Street, Montrose, SD 57048 | March 09, 1977 | Full Service Brick and Mortar | |
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